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Where have all the tankers gone?
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etee
The Me
Joined: Oct 30, 2003
Posts: 552
Location: In front of my computer
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 Posted: Tue Mar 22, 2005 12:59 pm Post subject: Where have all the tankers gone?
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OK, I am not one to believe in conspiracy theories when it comes to Big Oil, but...
I am more than a bit preturbed by the spike in crude prices (and the associated spike in gasoline prices.) I just paid $2.00 (actually $1.999, but then what is a tenth of a penny between friends?) for gas. NealT mentioned on his recently-departed web site that it was strange that oil and gas were so high, as we are in a fairly mild winter (that is, unless you were in one of the areas where winter was anything BUT mild!) Of course, the fact that the Chinese economy is heating up, and they have a thirst for oil that will make the rest of the planet (us included) look like a teetotaller, might have something to do with it...
Well, I know there are market forces driving the price of oil, but I can certainly understand WHY folks might think that Big Oil was in collision to keep prices high. Especially when the C-levels are reaping outrageously high rewards, while "resources" get "smart-sized" or "off-shored".
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-etee
"Supreme Commander of the Buffalo Wing, Spicey Chicken Cartel"
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NealT
3133T BSD d00d
Joined: Nov 11, 2003
Posts: 394
Location: In Front of My Computer - Same as You
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Posted: Wed Mar 23, 2005 10:29 am Post subject:
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Well, as an example, gas prices at the beginning of Winter for me were at an all-time high of $1.69 a gallon. Just yesterday, they raised the price once again to $2.09 a gallon. I, for the life of me, cannot see how the cost could have gone up $.40 a gallon in just a few months...
This year, I got my biggest raise ever. Gas prices have eaten it up plus some.
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etee
The Me
Joined: Oct 30, 2003
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Posted: Wed Mar 23, 2005 11:22 am Post subject:
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It really is a function of the markets. China is developing a MAJOR thirst for the black sticky stuff (oil, that is... black gold, Texas Tea...), and so they are putting major pressures on the supply. At the same time, the rantings of Sr. Chavez (the increasingly paranoid kook who is the President of Venezuela) may be causing some jitters, thus putting additional upward pressures on price. One of the things the markets fear is uncertainty, and Chavez's flip-flopping on his relationship w/ the USA isn't helping.
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-etee
"Supreme Commander of the Buffalo Wing, Spicey Chicken Cartel"
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NealT
3133T BSD d00d
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Posted: Wed Mar 23, 2005 6:35 pm Post subject:
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Amazing though, that each of these issues causes gas to jump $.08 a gallon or more each time...
Makes one wonder...
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etee
The Me
Joined: Oct 30, 2003
Posts: 552
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Posted: Thu Mar 24, 2005 10:55 am Post subject:
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Well, you can expect another bump in prices, thanks to the explosion at the BP refinery in Texas City...
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-etee
"Supreme Commander of the Buffalo Wing, Spicey Chicken Cartel"
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NealT
3133T BSD d00d
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Posted: Fri Mar 25, 2005 9:08 am Post subject:
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You are right too...up .07 a gallon this morning. That's over 30 cents a gallon in the last 2 weeks alone...
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etee
The Me
Joined: Oct 30, 2003
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Posted: Fri Mar 25, 2005 11:30 am Post subject:
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The good news is, crude is coming down -- we may see some drop in prices in the next few weeks (I hope.)
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-etee
"Supreme Commander of the Buffalo Wing, Spicey Chicken Cartel"
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BobCat
Cyborg
Joined: Apr 10, 2004
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Posted: Fri Mar 25, 2005 1:07 pm Post subject:
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Refineries are operating at 95%+ levels for the last two years.
They can't build more due to all those environmental regulations.
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--BobCat
Spicey Chicken Cartel (tinSCC)#23, Lumber Cartel (tinLC)#1606
"Spam is used by lusers who don't want to do business with you ethically."
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NealT
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Posted: Mon May 09, 2005 8:21 am Post subject:
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hehehe...Gas went down to 1.89 in my neck of the woods...but I hear in TX, the price in Dallas is atill 2.15...
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etee
The Me
Joined: Oct 30, 2003
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Posted: Tue May 10, 2005 6:58 am Post subject:
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| BobCat wrote: |
| Refineries are operating at 95%+ levels for the last two years. |
And, they are deferring scheduled maintenance to keep them running at that level. That means that, when (not if) they break down, it will take longer to fix, and likely will disrupt the supply more.
Now, don't go thinking they are an environmental catastrophe waiting to happen. The refiners know they can't survive a major incident, so that maintenance is going on as before.
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-etee
"Supreme Commander of the Buffalo Wing, Spicey Chicken Cartel"
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BobCat
Cyborg
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Posted: Wed May 11, 2005 1:16 pm Post subject:
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Wait. Are they deferring maintenance or are they doing it as before? Your statement seems to say both.
I would guess they would have to do maintenance that is unscheduled....
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--BobCat
Spicey Chicken Cartel (tinSCC)#23, Lumber Cartel (tinLC)#1606
"Spam is used by lusers who don't want to do business with you ethically."
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etee
The Me
Joined: Oct 30, 2003
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Posted: Wed May 11, 2005 3:15 pm Post subject:
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They are not going to defer preventative maintenance that, if not done, would result in a high risk of a catastrophic "event". However, they are likely deferring maintenance where the risk of such an incident is lower. Otherwise, they face accusations of "holding back" supply in order to drive the price up.
Understand, this is opinion based on publicly-reported information, not the result of special "insider" knowledge.
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-etee
"Supreme Commander of the Buffalo Wing, Spicey Chicken Cartel"
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BobCat
Cyborg
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Posted: Sat May 14, 2005 10:35 am Post subject:
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| etee wrote: |
| Otherwise, they face accusations of "holding back" supply in order to drive the price up. |
They're in a no-political-win situation. If they do delay maintenance they risk hurting supply. If they don't they get accused of "holding back"
Oh well. At least the money's good now 
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--BobCat
Spicey Chicken Cartel (tinSCC)#23, Lumber Cartel (tinLC)#1606
"Spam is used by lusers who don't want to do business with you ethically."
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etee
The Me
Joined: Oct 30, 2003
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Posted: Sat May 14, 2005 10:40 am Post subject:
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| BobCat wrote: |
| Oh well. At least the money's good now
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Yeah, but with the price of gas coming down, it isn't necessarily going to continue that way. Also, remember that us worker-bees in the oil patch have to pay for gas and other stuff too, and our pay is not going up at the rate the price of gas was.
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-etee
"Supreme Commander of the Buffalo Wing, Spicey Chicken Cartel"
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BobCat
Cyborg
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Posted: Sat May 14, 2005 11:03 am Post subject:
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| etee wrote: |
| BobCat wrote: |
| Oh well. At least the money's good now
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Yeah, but with the price of gas coming down, it isn't necessarily going to continue that way. Also, remember that us worker-bees in the oil patch have to pay for gas and other stuff too, and our pay is not going up at the rate the price of gas was.
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OK, the money's good now....for the refinery companies for the time being.
_________________
--BobCat
Spicey Chicken Cartel (tinSCC)#23, Lumber Cartel (tinLC)#1606
"Spam is used by lusers who don't want to do business with you ethically."
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