Re: 2 Years LOW GAS PRICES PREDICTED - SLAM DUNK FUTURE - ha?

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in article 49c10a88$0$9620$ snipped-for-privacy@news-radius.ptd.net, Mike Hunter at mikehunt2@lycos/com wrote on 3/18/09 7:52 AM:


The learning curve is flat at first, but it picks up after awhile.
LOL
May our Jealous God the Father of talking FIRE who makes babies with His daughters and manifest as smoke, serpent staff, insects, pestilence, bog creatures, darklight, poisoned waters, and mass casuality child killing poisoned gas keep you safe and unmolested.
LOL
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Gas prices will likely drop to near $1 or less within six months. Currently, in the real world, refineries are buying crude futures, that were bid up to $140 futures, for around $100 and $125 futures for around $90.
If you search the American Petroleum Institute site you will discover the current crude future price is around $34. By the time they a are buying $90 futures for $60 gas will drop near $1. The reason being the refineries will soon run out of gasoline storage tanks, even after the home heating oil tanks become available for gasoline, after March.
Gasoline is one of the first by products of the refining process. If the oil companies can not sell enough, and as a result they run out of storage space, they will be forced to burn it off to get ride of it.
Before gasoline was used as a motor fuel, the refineries routinely burned it off.
wrote on 3/18/09 7:52 AM:

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The problem with that guess is that the amount of gasoline in gasoline reserves has not changed more than about 20% in the last 19 years.
http://groups.google.com/group/alt.autos.ford/browse_thread/thread/037c64a22491147d/c1a7168a19ea20e6#c1a7168a19ea20e6
And the amount of reserves is less than at this time last year.

Except that oil companies often import gasoline because the amount of it that can be made is limited. So they were importing it from Europe. If they have too much gasoline, they just stop importing it.

That was before your dad was a smile on your grandfather's face.
A lot has changed since then.
Jeff

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The correct URL is: http://tonto.eia.doe.gov/dnav/pet/hist/wgtstus1w.htm

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Duh! You are free to believe whatever you chose but the fact remains, when you refine crude you get gasoline. If you can not store it you burn it off. The most valuable products from crude are the various petrol stocks, not gasoline
If you ever fly over the Gulf of Mexico, look down and you will see the hundreds of fires from burning off the NG at the wells, that can not be used because there are insufficient transmission lines and storage facilities in the US
wrote:

The problem with that guess is that the amount of gasoline in gasoline reserves has not changed more than about 20% in the last 19 years.
And the amount of reserves is less than at this time last year.

Except that oil companies often import gasoline because the amount of it that can be made is limited. So they were importing it from Europe. If they have too much gasoline, they just stop importing it.

That was before your dad was a smile on your grandfather's face.
A lot has changed since then.
Jeff
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Please show us where gasoline is being burned off today (not 100 years ago) because it cannot be stored.

Actually, the most valuable products from crude are chemicals, like those used to make plastics and motor oils.

Gee, last time I checked, NG is different from crude oil and gasoline. In addition, the amount of NG that is produced from the wells is not worth capturing and transporting.
Thanks for the useless, straw-man arguments.
Jeff

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Duh! What part of "if they can not store it, or sell it, they will need to burn it off," and "The most valuable products from crude are the various petrol stocks, not gasoline," did you not understand? LOL
wrote:

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The problem with that guess is that the amount of gasoline in gasoline reserves has not changed more than about 20% in the last 19 years.
http://groups.google.com/group/alt.autos.ford/browse_thread/thread/037c64a22491147d/c1a7168a19ea20e6#c1a7168a19ea20e6
And the amount of reserves is less than at this time last year.

Except that oil companies often import gasoline because the amount of it that can be made is limited. So they were importing it from Europe. If they have too much gasoline, they just stop importing it.

That was before your dad was a smile on your grandfather's face.
A lot has changed since then.
Jeff

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in article 49c250d9$0$13144$ snipped-for-privacy@news-radius.ptd.net, Mike Hunter at mikehunt2@lycos/com wrote on 3/19/09 7:04 AM:

the LNG or NG is used all the time ... they are burning it off to keep prices up ... as it destroys supply. They can pipe the LNG off in to LNG cars and trucks and generators and trains and what ever they want to use it in like your gas stove or gas room heater or gas fireplace or gas water heater.
Drink more Koolaid Mike ... it will kick in and then you will see Jesus saving you from the Jealous God the Father of talking fire that makes babies with His daughters.
sumbuddie wear blind sea
:?
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Don't talk stupid, why would anybody destroy and assets that can be sold, dummy?
The reason they are burning off NG is because there are not enough disruption lines to send it where it could be sold and current lines are filled to capacity.
The environuts make it nearly impossible to install new lines ore build more LNG plants around the county
wrote on 3/19/09 7:04 AM:

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What is a disruption line? Is that like a middle-school cafeteria line just before the kids start throwing food?
Jeff

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I don't know, you tell us you are the one acts like he is still in middle school. LOL
wrote:

What is a disruption line? Is that like a middle-school cafeteria line just before the kids start throwing food?
Jeff

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Drink more Koolaid dood ...
May our Jealous God the Father of talking FIRE who makes babies with His daughters and manifest as smoke, serpent staff, insects, pestilence, bog creatures, darklight, poisoned waters, and mass casuality child killing poisoned gas keep you safe and unmolested.
in article 49c276e7$0$13260$ snipped-for-privacy@news-radius.ptd.net, Mike Hunter at mikehunt2@lycos/com wrote on 3/19/09 9:46 AM:

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in article snipped-for-privacy@s20g2000yqh.googlegroups.com, Jeff at snipped-for-privacy@gmail.com wrote on 3/18/09 7:28 PM:

the koolaid has not kicked in Jeff ... drink more koolaid.
great family fun and the kids love it.
:?
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Instead of making personal attacks, try supporting your opinion with facts and evidence.
Jeff
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Perhaps he will, after you site your source for your opinion "They are parked, waiting for the price of oil to go up."
What is actually happened is those that bought futures at well over $130 a barrel are still scrambling trying to get $90 a barrel for their over $130 before those that bought futures below $90 get their lower priced crude out of the ground.
I always Wonder why our friend Jeff continues to post his opinions on so many subject, of which he obviously has little or no knowledge. I only makes him look foolish ever time he does so. I guess he dos not have much of a life and wants to be part of something

Instead of making personal attacks, try supporting your opinion with facts and evidence.
Jeff
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in article 49c251d6$0$13247$ snipped-for-privacy@news-radius.ptd.net, Mike Hunter at mikehunt2@lycos/com wrote on 3/19/09 7:08 AM:

A one acre pond of salt water biodiesel is $1 a gallon on delivery to you.
A one acre pond of salt water biodiesel makes 330,000 miles of energy.
No drilling, no pollution, AND it can replenish oil fields by injecting the biodiesel into the ground to ferment into petrol ... reducing carbon load on the atmosphere turning back global warming by sequesting CO2 underground where it was before.
It is win win win ... for you and me and all of US.
Bush the Worst don't like it one bit ... as there is no money in it for him and his Sunnicidal Foreign Policy Obama style.
Once you pray to a God that don't fox around ... you stop foxing around and foxing things up.
It is the toddler tantrum that does that as a necessary result of child abuse.
Sorry your mommy and daddy treated you so poorly.
This can be fixed up in 90 days if you have the wit for it.
sumbuddie wear blind sea
:?
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You are a nut case, bye
wrote on 3/19/09 7:08 AM:

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in article 49c2772d$0$13157$ snipped-for-privacy@news-radius.ptd.net, Mike Hunter at mikehunt2@lycos/com wrote on 3/19/09 9:47 AM:

oh thank you, thank you, thank you
May our Jealous God the Father of talking FIRE who makes babies with His daughters and manifest as smoke, serpent staff, insects, pestilence, bog creatures, darklight, poisoned waters, and mass casuality child killing poisoned gas keep you safe and unmolested.
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Alan B. Mac Farlane wrote:

You are one sick and demented puppy.
--
Civis Romanus Sum

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