Should I buy 1000 gallons of fuel today????????

[Burndown1]

3 Refs with in 20 miles, We finally dropped to 2.99.

 

[milehighassassin]

what made diesel prices pass up gasoline in Wa?

the introduction of Ultra low sulfur diesel. It make the refinement process more expensive, that and China is sucking up a ton of diesel/oil with their industrialization.

 

[sledmanhof]

gas is 2.55 here with diesel at 3.29

 

[Weekday Warrior]

the introduction of Ultra low sulfur diesel. It make the refinement process more expensive, that and China is sucking up a ton of diesel/oil with their industrialization.

diesel is taxed more than gasoline in WA

 

[Supplicate]

Some are saying it will bottom around 50 bucks a barrel, still not low enough but tons better.

Are you retarded?

If the price drops low enough that it is no longer cost effective to produce the oil, production stops. Look at the boom in the late 70's/early 80's in WY and CO. One of the main reasons it went bust was the formations they were starting to find at the end were cost prohibitive to produce (oil shale anyone?). Those same formations are now being produced today because they are now cost effective.

The market has to bear the price per barrel to keep the oil flowing, otherwise it will just sit in the ground and we will all be walking. So the thing you need to decide is if you want to walk, or if you want to pay $50/bbl to be able to ride your sled.

 

[Dogmeat]

Are you retarded?

If the price drops low enough that it is no longer cost effective to produce the oil, production stops. Look at the boom in the late 70's/early 80's in WY and CO. One of the main reasons it went bust was the formations they were starting to find at the end were cost prohibitive to produce (oil shale anyone?). Those same formations are now being produced today because they are now cost effective.

The market has to bear the price per barrel to keep the oil flowing, otherwise it will just sit in the ground and we will all be walking. So the thing you need to decide is if you want to walk, or if you want to pay $50/bbl to be able to ride your sled.

Yeah ... all the cheap, easy oil has been found and produced by and large.

If oil ever gets down to $50/bbl again it will be because of an absolutley insane technological revoluion in recovery from oil shale ...

It'll never happen in other words

 

[Supplicate]

If oil ever gets down to $50/bbl again it will be because of an absolutley insane technological revoluion in recovery from oil shale ...

It'll never happen in other words

Oh c'mon, doesn't Chevron still have that offer on the table for any university that can develop an economical way to extract from the shale?

I'm sure some moron that's never left the school system will flex the brain muscles and use the doctorate that their trust fund paid for to figure something out.

Unless, of course, they are all trying to figure out better alternative energy sources

 

[Dogmeat]

Oh c'mon, doesn't Chevron still have that offer on the table for any university that can develop an economical way to extract from the shale?

I'm sure some moron that's never left the school system will flex the brain muscles and use the doctorate that their trust fund paid for to figure something out.

Unless, of course, they are all trying to figure out better alternative energy sources

Well ... I went to the SPE convention last month, and the entire opening ceremony was dedicated to discussing how the once non-conventional reservoir was rapidly becoming the new conventional reservoir, and how oil shale in the piceance basin is going to be the next big thing ...

There's a hell of a lot of research going on there anyways, Shell, Exxon, probably Chevron too.

 

[Supplicate]

There's a hell of a lot of research going on there anyways, Shell, Exxon, probably Chevron too.

Don't think the research ever really slowed down, there's just more focus on it now. If you talk to many of the people that were in the last big boom, most of them can tell you some stories about the shale.

 

[jrey]

no diesel to be found here in grande prairie alberta!!It sucks,good thing we are not sleding cause getting to the hills would be tricky....lol

 

[Weekday Warrior]

I'm gonna buy the hell outta oil stocks because if Obama gets in office he's gonna figure out how to raise oil back up to 4-5 bux per gallon to push his greenie movement.


remember how sorry he was when it was up there, "inflate your tires"


***ggg!!!


we are f00000ked if NObama gets in