$220 barrel oil? Perhaps more?

$220 barrel oil? Perhaps more?

PostBy: rangaller On: Wed Feb 23, 2011 5:23 pm

I was finishing up a review of the market positions just now and came across this rather interesting report.

While I personally, don't believe it should amount to this, the ever present speculators certainly make anything possible.

Enjoy, http://www.telegraph.co.uk/finance/fina ... omura.html, and then fondly look at your coal bin.

Stephen
rangaller
 
Stove/Furnace Make: Alternate Heating
Stove/Furnace Model: AHS S130

Re: $220 barrel oil? Perhaps more?

PostBy: WNY On: Wed Feb 23, 2011 6:18 pm

Our gas just jumped .06 from yesterday to $3.41/ gallon here.!! :( already starting.
WNY
 
Hot Air Coal Stoker Stove: Keystoker 90K, Leisure Line Hyfire I
Coal Size/Type: Rice
Stove/Furnace Make: Keystoker, LL & CoalTrol
Stove/Furnace Model: 90K, Hyfire I, VF3000 Soon

Re: $220 barrel oil? Perhaps more?

PostBy: heartofcoal On: Wed Feb 23, 2011 7:45 pm

Well.... I think we can kiss any chance of a economic recovery goodbye
heartofcoal
 
Stove/Furnace Make: Russo
Stove/Furnace Model: C-80


Re: $220 barrel oil? Perhaps more?

PostBy: RAYJAY On: Wed Feb 23, 2011 7:47 pm

heartofcoal wrote:Well.... I think we can kiss any chance of a economic recovery goodbye



THE RECOVERY IS LONG GONE IF THIS HAPPENS, :mad:
RAYJAY
 
Stoker Coal Boiler: VAN WERT - 600 VA HOT WATER
Hot Air Coal Stoker Stove: HARMAN- MAGUM STOKER
Coal Size/Type: BUCKWHEAT ON BOTH
Other Heating: NG BOILER

Re: $220 barrel oil? Perhaps more?

PostBy: freetown fred On: Wed Feb 23, 2011 8:08 pm

What recovery??
freetown fred
 
Hand Fed Coal Stove: HITZER 50-93
Coal Size/Type: BLASCHAK Nut/Stove mix

Re: $220 barrel oil? Perhaps more?

PostBy: coaledsweat On: Wed Feb 23, 2011 8:10 pm

Well if it goes to $220 it won't be long before it's $40 again.
coaledsweat
 
Stoker Coal Boiler: Axeman Anderson 260M
Coal Size/Type: Pea

Re: $220 barrel oil? Perhaps more?

PostBy: heartofcoal On: Wed Feb 23, 2011 8:19 pm

Why Fred... The recovery in China of course :D
heartofcoal
 
Stove/Furnace Make: Russo
Stove/Furnace Model: C-80

Re: $220 barrel oil? Perhaps more?

PostBy: lowfog01 On: Wed Feb 23, 2011 8:45 pm

I believe that this is going to make the depression look like a day in the park. For all you folks who were burning coal and on the forum that last time oil was $100 a barrel and a lot of newbies became interested in heating with coal - what did the economy look like then? The time when getting a new stove entailed a long waiting period of 18 months or longer and used stoves weren't to be found. How much was heating oil or gas per gallon then? I'm just curious how this economy compared with that one. What are your thoughts? Lisa
lowfog01
 
Hand Fed Coal Stove: Mark II & Mark I

Re: $220 barrel oil? Perhaps more?

PostBy: heartofcoal On: Wed Feb 23, 2011 9:08 pm

Oil hit $100.00 a barrel today. So here we go again. Only difference is... It wont be coming back down for some time.
We're headed for the worst economic and social collapse this country's ever seen.
The L.A. riots will be nothing compared to what we'll see happening all across the country.
heartofcoal
 
Stove/Furnace Make: Russo
Stove/Furnace Model: C-80

Re: $220 barrel oil? Perhaps more?

PostBy: lsayre On: Wed Feb 23, 2011 9:10 pm

$220 per barrel is probably close to the break even point when we can start profitably making gasoline and diesel fuel from coal on a large scale! But that brings its own problems along with it. You've all heard where there is enough coal to last anywhere between 200 and 500 years "at current rates of consumption", right! Well the operative words there are in quotes. Once coal is required to make liquid fuels the rates of consumption will climb astronomically, and the 200-500 year supply will turn into a 25-50 year or so supply in a hurry.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Anthracite Pea
Other Heating: Resistance Boiler (if I ever get it fixed)

Re: $220 barrel oil? Perhaps more?

PostBy: heartofcoal On: Wed Feb 23, 2011 9:15 pm

Where is the US with natural gas supplies?
heartofcoal
 
Stove/Furnace Make: Russo
Stove/Furnace Model: C-80

Re: $220 barrel oil? Perhaps more?

PostBy: lsayre On: Wed Feb 23, 2011 9:26 pm

A similar situation exists for natural gas. Once it is used on a massive scale to make gasoline and diesel fuels it will similarly begin to run out within about a generation or two.

And you've all heard that hydrogen will save us right! Mega-bucks are going into fuel cell research right now. The only problem for hydrogen is that there isn't any in its natural state on earth. It mainly comes from separating hydrogen from oxygen in water. The only "problem" with that is it takes more energy to separate them than you can get back from the liberated hydrogen and oxygen.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Anthracite Pea
Other Heating: Resistance Boiler (if I ever get it fixed)

Re: $220 barrel oil? Perhaps more?

PostBy: I'm On Fire On: Sat Feb 26, 2011 8:04 pm

Got gas this afternoon regular was $3.09 a gallon. Drove past the same gas station on the way home a mere 2 hours later and it was $3.21. Jumped $0.12.
I'm On Fire
 
Hand Fed Coal Stove: DS Machines DS-1600 Hot Air Circulator

Re: $220 barrel oil? Perhaps more?

PostBy: lsayre On: Sat Feb 26, 2011 8:10 pm

It's been hovering between about $3.35 and $3.40 around here since first the unrest in Egypt, and now the unrest in Libya.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Anthracite Pea
Other Heating: Resistance Boiler (if I ever get it fixed)

Re: $220 barrel oil? Perhaps more?

PostBy: heartofcoal On: Sat Feb 26, 2011 8:18 pm

I remember the last time gas was going up like this.
Exxon Mobile had record quarterly profits and had the nerve to say that americans should be happy about this because it
Would allow them to expand they're oil exploration. Yea......... glad we could help :mad:
heartofcoal
 
Stove/Furnace Make: Russo
Stove/Furnace Model: C-80