Oil on the (downward slide) upward climb...

[laatsch55]

Refiners are taking advantage as well as the crude buyers.....cause the producer certainly isnt. Jan price to us was 38. Feb was 42 for light sweet. Worse for heavy sour..

 

[Web Police]

I paid $2.45 a gallon here today. I am sure the cost of living in Cali is much higher hence the higher oil prices.

 

[BlazeES]

I paid $2.45 a gallon here today. I am sure the cost of living in Cali is much higher hence the higher oil prices.

With all due respect, that's just lame man.
We Californians certainly live with a higher cost of living - no doubt - but $4/gallon was the norm when oil was nearly double what it is now.
That was my point ...

 

[orange]

1. California = Refinery Central

2. Production is switching over to summer fuel blends (I KNOW we had no winter! Tis the GOVERNMENT)

3. California fuels have more requirements for environmental concerns...one thing Des-Lab TRIED to explain.

4. You can't bring it in from Arizona etc as that production doesn't meet regulations.

I don't know if one of those refineries caught fire this year, or is still partially down...

They don't do it all at once, I should think, but since I don't hear about Vespa jams on the 5 being reported on KNX...

If you all had Vespas, wouldn't there be SRO in the hills anyway?

 

[laatsch55]

What????

 

[orange]

 

[BlazeES]

You don't get it either ...

1. California = Refinery Central

2. Production is switching over to summer fuel blends (I KNOW we had no winter! Tis the GOVERNMENT)

3. California fuels have more requirements for environmental concerns...one thing Des-Lab TRIED to explain.

4. You can't bring it in from Arizona etc as that production doesn't meet regulations.

I don't know if one of those refineries caught fire this year, or is still partially down...

They don't do it all at once, I should think, but since I don't hear about Vespa jams on the 5 being reported on KNX...

If you all had Vespas, wouldn't there be SRO in the hills anyway?

 

[Des_Lab]

Although the XOM refinery is back on line, production is very limited and thus they are very tightly allocating their supply. It's been a huge PITA for me for several weeks. The other refiners (Tesoro, Valero, etc) have more than picked up the slack and there is not only not a shortage of supply on the open market right now, but a glut of it.

The reason for the volatility and spikes of the last several weeks (and expected to continue at least till Memorial Day) is straight up, pump-and-dump spoofing, trader, and speculator shenanigans. Period. I know it. I see it. I'd swear it in court under oath that it is in fact going on.

But can I PROVE it?

No. They are very good art covering their tracks.

But make no mistake about it. California consumers ARE getting gouged big time right now. And there's nothing any of you can do about it. Blaming Big Oil won't help. They aren't the ones doing it. It's the Morgan Stanleys and AIG's and the dipshit with an E-Trade account that are in commodities that are doing it.

 

[BlazeES]

I was waiting for you to get around to chiming in.
I don't doubt your insight one bit.

It's effing obvious that the market dynamics (speculative forcing functions) are hard at work.
What chaps my ass is the basic algebraic logic most consumers lack.
The current price at the pump vs. the up-stream oil flow that fed it vs. the all-important historical basis
is WAY the phuck out of whack.

~ $50 - $60 oil and seasonal blend change-over + downed refinery capacity has never equaled $4 gasoline !
Adjusted for inflation or no adjustment for inflation.
It's a let's test "what the market can bear..." thing ... and they're winning.

And the most ironic part is,
People that are patronizing Chevron, Shell and Valero are paying a premium on-top of the underlying base-shift, around 60 cents a gallon up here,
without thinking twice about it. Hell, the news media has been pretty much been silent since the beginning of the year - with all the cap & trade news.
What's up with that?

Although the XOM refinery is back on line, production is very limited and thus they are very tightly allocating their supply. It's been a huge PITA for me for several weeks. The other refiners (Tesoro, Valero, etc) have more than picked up the slack and there is not only not a shortage of supply on the open market right now, but a glut of it.

The reason for the volatility and spikes of the last several weeks (and expected to continue at least till Memorial Day) is straight up, pump-and-dump spoofing, trader, and speculator shenanigans. Period. I know it. I see it. I'd swear it in court under oath that it is in fact going on.

But can I PROVE it?

No. They are very good art covering their tracks.

But make no mistake about it. California consumers ARE getting gouged big time right now. And there's nothing any of you can do about it. Blaming Big Oil won't help. They aren't the ones doing it. It's the Morgan Stanleys and AIG's and the dipshit with an E-Trade account that are in commodities that are doing it.

 

[orange]

Don't have a scooter, Tony. You're right, I don't get it either.

 

[Des_Lab]

Cap & Trade...and RD99 biodiesel....

the two biggest scams going right now not counting crude and gas paper contracts.

 

[BlazeES]

No scooters in the garage; but a few of those would be cool!
The whole fam drive 30 MPG+ vehicles and no long commutes, so the impact to us is minimal.

I get torqued on this because I know plenty of folks where the cost of travel in their trucks, in their fleets, is key.
This dicking around with the price at the pump hurts lots of folks.
Small businesses and the people paying to support them.
I also know people that have super long commutes and it was just starting to get tolerable again.

The shenanigans going on now ain't right ...

Don't have a scooter, Tony. You're right, I don't get it either.

 

[BlazeES]

What's the deal on RD99?

Cap & Trade...and RD99 biodiesel....

the two biggest scams going right now not counting crude and gas paper contracts.

 

[orange]

All I know is my bank account will have bread in it hasta tomorrow.

I can stimulate pork production again at the diner.

 

[Des_Lab]

Bio is of questionable integrity as a product. Many cities and municipalities won't touch it for their fleet vehicles as there have been several verified instances of it ruining fuel lines and even entire engines, since its origins are kind of murky. The real scam however is that many unbranded retail stations-particularly truck stops buy it to sell and I don't think they are required to disclose that it isn't a true distillate (I'm not 100% certain on the disclosure. So don't hold me to it, but I'm pretty sure it isn't required). Because of the "incentives" to move it, the wholesale rack price is about ten ct below regular carb. But the resellers sell it at the same price and pocket the extra dime. People put it into their vehicles and it may or may not work. MOST diesel engines seem to run on it, for now. But some don't. And the long term affects are still not quite clear.

 

[laatsch55]

What's the cloud point on it Matt??

 

[Web Police]

With all due respect, that's just lame man.
We Californians certainly live with a higher cost of living - no doubt - but $4/gallon was the norm when oil was nearly double what it is now.
That was my point ...

I was just referring to 50 to 75 cents per gallon premium you guys always have to pay.

 

[BlazeES]

Oil heading down to the 30 dollar per barrel range ... and fast.

Albeit delayed, I think you called it Lee

 

[laatsch55]

30 is the bottom Tony. That's all the Saudi's will allow it to go. They can produce 10.00 oil all day 365, but their economy can't stand that so they'll start supporting at 30.00. IF it goes below 30 for any length of time the Saudi's have lost control...

 

[Web Police]

Not oil, but Gas is on the upward climb around here. About .50 per gallon because of refinery issues. (Covering Lee's ears) If the US government cared more about the people then the oil companies they would allow and force more refining capacity.

I know if I was a in a terrorist group I' d disable the power grid and bunch of refineries that would throw the economy into a tizzy.