BCM Community
Bus Discussion => Bus Topics ( click here for quick start! ) => Topic started by: luvrbus on August 02, 2023, 06:05:49 AM
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Oil is trading for 82 dollars a barrel and they predict 100 dollars a barrel by years end and double the price in 2 years.Sad politics get involed in our way of life,I am not ready for EV's yet but they are forcing it on us
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Still have a few Friends out West Texas way (Permian Basin) in the Oil Business. They keep trying and putting more Regs on them to kill the Industry. Don't like to post Political Stuff but Hope the Democrats are happy with the progress. 8)
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Still have a few Friends out West Texas way (Permian Basin) in the Oil Business. They keep trying and putting more Regs on them to kill the Industry. Don't like to post Political Stuff but Hope the Democrats are happy with the progress. 8)
Yep sad when a great country has more debt than the economy is worth 26 trillion economy and 32 trillion of debt,take that balance sheet to a banker and he would toss you out of the bank
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This problem would be greatly offset if we would drill for oil here rather than be so dependent on nations that hate us.
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This problem would be greatly offset if we would drill for oil here rather than be so dependent on nations that hate us.
We are headed for $5.00 a gal for fuel again,here in the US our fuel has always been subsidized just like milk,some want that gone and it will probably happen if we don't have a change in 2024
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It will be better once these Pricks get the Gas Stove's , Refrigerator's, Incandescent Light Bulb's and Oil and the List goes on and on, shut down. Can't wait.
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Just talked to a friend in the Seattle area, he said gas was just over $5 a gallon. We are paying $3.71 in Payson Az.
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Kansas here is $3.52 for both gas and diesel. Thats a first at the same price :^.
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We are at $3.21 is lowest for both Diesel and Gasoline,it could be lower today,yep Sams is $3.09 for regular gas and diesel is $3.29 today
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wow Clifford - wasting no time - first to bat with a political swing. ah..wth.. i'll bite
What y'all whining about 5 buck diesel. It never got below 5, next jump hate think it rings 6. and that is not a stretch, there are plenty of places today at 5.50 or more.
Clifford slowly thinking EV is coming? Nah!
Here is something to chew on. You can calculate cost of gas, here is the EV version.So you drive 1,000 a month or 12,000 a year. Most SUV size EV use about 35-40 kWh per 100 miles so about 350 to 450 kWh per month. I just looked up my rates and that would be about $75 per MONTH!
If you take an honest look, EV is already here and make a compelling economic case not to jump now.
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Bring on that $100+ oil. My Canadian heavy oil stocks are loving the 2nd half of 2023. We've got lots and we were ready to build the pipe to send it south. Just saying.
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A.P.
Gas prices are rising (again). The heat and supply cuts impact what you pay at the pump, experts say
By WYATTE GRANTHAM-PHILIPS
Today
NEW YORK (AP) — U.S. gas prices are continuing to rise — giving drivers across the country another headache at the pump.
The national average for gas prices stood at about $3.82 a gallon on Thursday — about 29 cents higher than that seen one month ago, according to motor club AAA. While today’s prices at the pump remain far lower than they were last year, when energy costs soared worldwide in the months following Russia’s invasion of Ukraine, experts say such a jump is unusual.
The rising prices are especially interesting as “fewer people are fueling up” their cars this summer compared to years past, AAA spokesperson Andrew Gross explained in an interview this week.
In the U.S., gasoline prices are highly dependent on crude oil — which has also climbed over recent weeks. West Texas Intermediate crude, the U.S. benchmark, traded over $81 a barrel Thursday afternoon. That marks a $12 jump since July 3, according to OPIS global head of energy analysis Tom Kloza.
The 3 Baltic nations plan to accelerate their exit from Russia's power grid by almost a year
Why are gas prices rising? Experts point to extreme heat and oil production cuts.
A few factors are causing oil prices to rise, analysts say, including impacts of this summer’s extreme heat on refineries and global supply production cuts — notably from Saudi Arabia, which on Thursday extended its unilateral reduction of 1 million barrels a day through the end of September...
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Heat shouldn't have any impact on gasoline refining it is distilled @ 110C from crude oil that is heated to 300C to 350C to start the process
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But Saudi oil production does affect prices. lol Also, what is Joe doing about replacing the oil used from the strategic oil reserves. With the election next year, it's a likely bet govt. won't do anything that would pressure prices up and dump it on the next administration.
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Production cost for drilling here has gone through the roof,I have friend in New Mexico that owns 4 deep well rigs,and labor,fuel and parts are killing him on old contracts he is trying to complete lol he even complains about the price of porta can toilets that has doubled in price,each of his rigs will use 7 to 8,000 gals of diesel a week.This country is headed for a hard landing, ::) even the Mexican peso is gaining on the dollar
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Put it this way. Once you have vertically integrated the business so in essence you either own everything from exploration to retail or have agreements in place to effect the same thing, and have done likewise horizontally, the only remaining price control is political. In other words you can price your product as high as you like. All you have to do is find a way to protect yourself from the screaming. And a remote island is a good solution for that.
Jim
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The jump is nothing new for the currency, which is up almost 16% versus the dollar this year, trailing only the Colombian peso in emerging markets. The run — fueled by bets of a delayed easing cycle, the so-called nearshoring trend and strong remittances, among other factors — has earned it the moniker of 'super peso.Jul 12, 2023
From Bloomberg news
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OMG - I took a real hard second look thinking Dave got real smart all of a sudden. Sounded like a business sound bite. - read the last line, good thing you attributed the comment.
Jim - even vertical integration does not provide complete cost control and there are cost pressures within the suppliers of services and products and raw materials that are beyond the control of that integrated business. I do agree there is more control but not all costs. And at the end of the day, market will dictate pricing, especially with commodities.
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OMG - I took a real hard second look thinking Dave got real smart all of a sudden. Sounded like a business sound bite. - read the last line, good thing you attributed the comment.
Jim - even vertical integration does not provide complete cost control and there are cost pressures within the suppliers of services and products and raw materials that are beyond the control of that integrated business. I do agree there is more control but not all costs. And at the end of the day, market will dictate pricing, especially with commodities.
Better check fuel prices Don it jumped $.60 a gallon here a couple of hours ago
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Oh yeah, having ev is compelling... Some states are already adding road use fees to them and THAT will never end! Only savings will be to the early adopters for a little bit of time. Don't kid yourself, they won't end up being bargains, but definitely our future.
Just look at all the vehicles going to and fro 24-7, 365, all over the world... No way oil is going to be around much longer. Saudis are starting to see reduced output. Going electric now will give us a few more years for big consumers; trains, ships, planes, etc, till they get a reliable power source for them.
Just glad, I didn't blow big bucks for a Prevost, I've always wanted. Happy with my 4905 and no payments.
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Oh yeah, having ev is compelling... Some states are already adding road use fees to them and THAT will never end! Only savings will be to the early adopters for a little bit of time. Don't kid yourself, they won't end up being bargains, but definitely our future.
Just look at all the vehicles going to and fro 24-7, 365, all over the world... No way oil is going to be around much longer. Saudis are starting to see reduced output. Going electric now will give us a few more years for big consumers; trains, ships, planes, etc, till they get a reliable power source for them.
Just glad, I didn't blow big bucks for a Prevost, I've always wanted. Happy with my 4905 and no payments.
It sucks I see where Biden blocked another area for drilling ,the Ameican people has a whole should have a say not just 1 group having control,the average Ameician is hurting with all this BS
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;)
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Diesel prices holding here so far but they are already high compared to other places.
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OMG - I took a real hard second look thinking Dave got real smart all of a sudden. Sounded like a business sound bite. - read the last line, good thing you attributed the comment.
Thanks a lot buddy. I will remember that when you call me and ask me how to shut your engine off. Or when you try to push your wife over the cliff with your bus, yep sure will. :^
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Uh-oh. dave got a bee up his butt today. Doreen, please remove it so he can be a happy camper once again. :)
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I just want to know what they are going to do with the glut of excess gasoline and diesel fuel once all the vehicles are converted to electric? Pump it back into the ground I guess. Does that cost less than selling it?
Jim
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I just want to know what they are going to do with the glut of excess gasoline and diesel fuel once all the vehicles are converted to electric? Pump it back into the ground I guess. Does that cost less than selling it?
Jim
Nope they will need it to make power for the EV's
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Seriously? The fuel will be used up as switch over. We didn't have a surplus of coal when railroads went to diesels. Same with firebrick and steam locomotives. Companies just started going out of business if they couldn't adapt.
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Oh, then I guess we won't have any need after the great EV revolution for the petrochemical industry either?
In case you happened to forget, gasoline and diesel originated as and have always been a byproduct of the great petrochemical industry. So in order not to have that byproduct you have to eliminate the mainstream use. Just how is that going to happen? Go back to wood products maybe? Corn oil? Bear grease? Straw mattresses, etc, etc. Probably would help with the great Pacific bottle collection. What the heck do we need plastics and roofing shingles for anyway? Computers? Who needs 'em.
Jim
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Oh, then I guess we won't have any need after the great EV revolution for the petrochemical industry either?
In case you happened to forget, gasoline and diesel originated as and have always been a byproduct of the great petrochemical industry. So in order not to have that byproduct you have to eliminate the mainstream use. Just how is that going to happen? Go back to wood products maybe? Corn oil? Bear grease? Straw mattresses, etc, etc. Probably would help with the great Pacific bottle collection. What the heck do we need plastics and roofing shingles for anyway? Computers? Who needs 'em.
Jim
Well that's just flawed thinking, as it suggests there is a single possible process to produce the plastics and such we will need for the foreseeable future and that the resultant byproduct can only be burned as fuel. Right now the gas/diesel is a welcome byproduct since it has such a huge market around it, but as that demand shifts they will find other things to do with it. As demand for consumer fuel-grade oils drops, I guarantee you they will figure out something else to do with the resulting byproducts to keep making money.
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This Idiot and Crew in the Outhouse has Ravaged the SPR (Strategic Petroleum Reserve) and a lot sold to your friend's,,,, China. As of July 31, 2023, It held 346 MMB. (That's Millions of barrel's) Pedo and Crew has pulled it down over 200 MMB's in the last year. Hope we don't get into a War with one of our Friend's. ;D