Oil prices rising again

Re: Oil prices rising again

PostBy: dll On: Sun Feb 12, 2012 5:59 pm

Here is a quote from a related article with the title "The Asphyxiation of an Industry"
The Obama administration has been tightening the grip around the collective necks of the fossil fuel industry. The goal is of course to kill it and nowhere is this more self evident than with oil exploration.

The most recent example is the studying to death of the Keystone pipeline. Allegedly, the Obama administration needs more time to determine the feasibility of such an undertaking. It is not as if we do not have tens of thousands of miles of pipeline in this nation, this one needs to be studied over and over. As we know, the review is an attempt to kill the project through delay.

In battling the fossil fuel industry, the Obama administration is employing a tactic that is usually used by unions in disputes with their employers – the rule book slowdown. The concept of a rule book slowdown is simple; follow the rules as exactly written, down to the last detail, and by doing so one’s work cannot be performed in a timely and efficient manner. It is in the nature of bureaucracies to micromanage every detail of work and if you literally follow the rules as written, you cannot perform your job; thus using the rules as a weapon. That following rules can be used as a job action is an indictment of our society in general but it is nothing new on the labor front. What is new is our government adopting this tactic as a weapon against a segment of our economy, which in the end will not only destroy the industry but hurt us all. The assault on the Keystone pipeline is just building upon the template employed against deep water drilling in the Gulf of Mexico.

http://legalinsurrection.com/2012/02/the-asphyxiation-of-an-industry/
dll
 
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Re: Oil prices rising again

PostBy: homecomfort On: Sun Feb 12, 2012 6:30 pm

that pipeline was first proposed back in 2005. Canadians were the first to try to block it, citing low benefit to Canada.
homecomfort
 
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Re: Oil prices rising again

PostBy: coalnewbie On: Sun Feb 12, 2012 7:16 pm

that pipeline was first proposed back in 2005. Canadians were the first to try to block it, citing low benefit to Canada.


Then things were repriced and CA was happy, it's called negotiation tactics. Now the Chinese have stepped in and off the oil goes to China and that will not be reversed - WH genius. You know it's like when a geothermal installer wants $100,000 so you can heat DHW with a pay back in the 24th century. However, after negotiations buyers are happy with a 100 year pay back as now it doesn't seem so bad.

Hahahahahahaha, I slay myself.
coalnewbie
 
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Re: Oil prices rising again

PostBy: Rob R. On: Mon Feb 13, 2012 5:06 pm

As of this morning our local price for heating oil is $3.80, Kero is $4.10. A lot of folks are really hoping the weather stays mild.
Rob R.
 
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Re: Oil prices rising again

PostBy: sterling40man On: Mon Feb 13, 2012 5:23 pm

Rob R. wrote:A lot of folks are really hoping the weather stays mild.


I can't wait for it to "GET" mild!! :lol: It was -4 at noon here with big winds. They said it was close to -40 wind chill. #2 here has been at $3.85 for a little while now. Gas went up to $3.87 last Friday.
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Re: Oil prices rising again

PostBy: Rob R. On: Mon Feb 13, 2012 5:26 pm

sterling40man wrote: They said it was close to -40 wind chill.


In those conditions I'd have to empty my ash tub twice per day!
Rob R.
 
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Re: Oil prices rising again

PostBy: titleist1 On: Mon Feb 13, 2012 5:26 pm

I was talking to a guy at church this past weekend that said he paid about $4 / gallon for oil. I was surprised it was still that high, since the propane we bought for the church was $1.84/gallon two weeks ago. That was less than we paid the last time we had it filled (I think it was last September) at about $2.10/gallon.
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Re: Oil prices rising again

PostBy: homecomfort On: Mon Feb 13, 2012 5:59 pm

domestic energy production is at the highest level under this administration, than for many decades. $4.00 gallon for heating oil will be the benchmark, it will only go up, due to many reasons, environmental objections only a small part of them. higher energy prices will encourage more investment in fossil fuel discovery and production, as well as large and small efforts to invent or improve out dated technology. currently working on a system to improve oil burner out put , lower emissions, and raise heat output for the same amount of oil. The last improvement to oil burners was in the 80's, with the advent of the high static pressure flame retention oil burner. very few significant improvements since then. If my invention works, and does not blow up,lol, I hope to reduce the consumption of heating oil by half. In the mean time, coal is still a great value. keep em burnin'.
homecomfort
 
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Re: Oil prices rising again

PostBy: samhill On: Mon Feb 13, 2012 6:19 pm

If we still had all the high quality oil coming out of the ground in Titusville & Oil City oil it wouldn't lower prices one cent. The price is controlled by both production & world market & demand, if we produce more the cartel produces less & everything remains the same. The only way to get the price lower is if the world demand reduces which I don't see happening soon, if as a country we start driving a lot less then the price comes down but only long enough to sucker us back into driving more, a vicious cycle.
samhill
 
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Re: Oil prices rising again

PostBy: theo On: Mon Feb 13, 2012 7:48 pm

WTF,,, The barrell aint up that high yet to justify the cost per gallon :o :shock: :( http://www.oil-price.net/
theo
 
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Re: Oil prices rising again

PostBy: Rob R. On: Mon Feb 13, 2012 7:55 pm

The price of crude and the price of refined products appears to be farther and farther apart.
Rob R.
 
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Re: Oil prices rising again

PostBy: crazy4coal On: Mon Feb 13, 2012 8:29 pm

Crude is down,Finished product is up, Demand is down, Exports are up, Those who control the oil control the people and are running our country. Supply and demand has nothing to do with the price, Only PROFITS DO! The rich get richer.
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Re: Oil prices rising again

PostBy: franpipeman On: Tue Feb 14, 2012 4:34 pm

Most of the Phila refineries are closing or up for sale I wonder how that will impact finished product and if the economy rebounds what that will do to oil prices?
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Re: Oil prices rising again

PostBy: franpipeman On: Tue Feb 14, 2012 8:18 pm

the saudis warned us around 4 years ago the problem is not crude but refining capacity ............. , we didn't believe them, its best to find ways to get off oil as much as we can
franpipeman
 
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Re: Oil prices rising again

PostBy: Dann757 On: Tue Feb 14, 2012 8:24 pm

homecomfort wrote:higher energy prices will encourage more investment in fossil fuel discovery and production


Yeah, it could also have been encouraged by a president, in many ways, but that's not his ideology now is it? It could also drive businesses out of this country to emerging markets.
Dann757