Joined: May 18, 2006 Posts: 3961 Location: Minneapolis, MN
Posted: Sat Apr 28, 2007 7:07 pm Post subject: Re: North American Fuel Shortage Reports
Lifted from another thread.
Quote:
Over the past week, I have noticed two or more out-of-gas pumps at every gas station I have hit here in Charlottesville, Virginia(which is quite a bit, as I am currently rotating my supply).
Anyone else noticing an increase in "sorry out of gas" bags over pump nozzles? Where?
Quote:
Here along the banks of the Chesapeake, I too have noticed more “out gas of signs”, particularly on unleaded pumps. As I mentioned in a previous post, the further one is from the source, the greater the likely hood of shortages. In Virginia we are very near the end of the pipeline. I expect to see more of this as the stock numbers decline.
Posted: Sun Apr 29, 2007 7:43 pm Post subject: Re: North American Fuel Shortage Reports
pup55 wrote:
Dear US and Canadian PO.com viewers:
We have had some reports come in today on fuel shortages starting to show up in the US.
Since we have a global network of observers literally at our fingertips, please use this thread to report any shortages of fuel in your area. We did this with great success awhile back for the Europeans.
First person observations of conditions in your area are the best. Any news stories in your local area would also be good (follow guidelines for reporting news from outside sources).
Please Help keep the PO.com community informed about this important topic.
Thanks
pup55
the remedy for peak oil is to load up on the oil stocks, esp the canadian oil stocks like SU.
So I don't care if it goes up, I'll still buy oil from the station that
I bought some stocks in.
Posted: Tue May 01, 2007 6:39 pm Post subject: Re: North American Fuel Shortage Reports
KCCI Website
Posted by Seldom_seen in the open forum:
Quote:
DES MOINES, Iowa -- A shortage in the supply of unleaded gasoline has caused certain terminals in Iowa to run out of gas Tuesday, according to Bruce Heine of Magellan Midstream Partne
He said terminals in Iowa City and Fort Dodge had no unleaded gas Tuesday. Magellan has an 8,500-mile refined petroleum pipeline system, including 47 terminals, eight in Iowa.
When there's not as much product refined and consumption rates are historically high, outages are going to pop up especially in the outer reaches of the pipeline systems," said Randy Lusby of Maryland-based Oil Price Information Service
Quote:
We're in big trouble," said Phil Flynn, an analyst at Alaron Trading Corp. in Chicago. He noted that inventories stand at 194.2 million barrels _ or slightly above the levels reported in the days after Hurricane Katrina struck the Gulf Coast in 2005 _ and he predicted that that the average prices this summer will surpass the 2005 record of $3.06 a gallon.
Posted: Wed May 02, 2007 1:54 pm Post subject: Re: North American Fuel Shortage Reports
If this is the beginning of the end (which would fit into many peoples predictions of a 2007 supply/demand shortfall) I wonder how much longer the aviation industry will hold out?
Posted: Thu May 03, 2007 7:48 pm Post subject: Re: North American Fuel Shortage Reports
Toploader said:
Quote:
I wonder how much longer the aviation industry will hold out?
The aviation industry is the epitome of modern civilization, not only is it essential to our modern way of life, it is the epithet of that civilization. It will be propped far passed the point that logical justification will be able to support. When it fails, it will be the ultimate admission that our present technologically based why of life will have also come to its conclusion.
Joined: Apr 05, 2005 Posts: 2405 Location: South of Atlanta
Posted: Fri May 04, 2007 12:50 am Post subject: Re: North American Fuel Shortage Reports
I tend to agree with short on this one. The system will get propped up as best as possible before companies start going out of business. I think the government gets involved at some point to keep airlines going. How long that lasts is anyones guess, but the aviation network in this country is seen as essential to the economy.
Once the government steps in I think thats when to get worried. Its one of those little signposts I will start looking for which means its time to pull out of traditional investments and retirement plans and use the money for some things which might be essential down the road.
Nov. 4 (Bloomberg) -- This must be the dumbest American industry ever. For the past 58 years, or ever since their profit-and-loss records have been kept, U.S. airlines have rung up a cumulative net loss of $14 billion. A loser for all time.
There will be another loss of as much as $10 billion in 2005, the carriers' trade group estimates. Three of the five biggest U.S. airlines are hiding from creditors in Chapter 11 bankruptcy proceedings. And these are good times for the U.S. economy.
Warren Buffet once said (after his disastrous investment in U.S. Airways):
"If I'd been at Kitty Hawk in 1903 when Orville Wright took off, I would have been farsighted enough, and public-spirited enough -- I owed this to future capitalists -- to shoot him down." _________________ Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
"Gasoline futures edged up .05 cent to $2.2050 a gallon."
Tar Sulfurous oil builds up in inventories and doesn't help the gas fuel picture.
"In other Nymex trading, heating oil futures fell 2.1 cents to $1.8086 a gallon"
Thicker tarry oil may help the heating oil picture and winter is over.
"natural gas prices rose 6.1 cents to $7.698 per 1,000 cubic feet."
Even though winter is over there's still not enough natural gas!
"The hotter it is the more air conditioners we run the more power we need." - strider3700
Last edited by steam_cannon on Wed May 09, 2007 4:41 pm; edited 2 times in total
Joined: Apr 17, 2005 Posts: 2680 Location: Vancouver Island
Posted: Wed May 09, 2007 2:52 pm Post subject: Re: North American Fuel Shortage Reports
steam_cannon wrote:
"natural gas prices rose 6.1 cents to $7.698 per 1,000 cubic feet."
Even though winter is over there's still not enough natural gas!
Natural gas is used heavily in the summer to power peaker electric plants. The hotter it is the more air conditioners we run the more power we need. Winters we freeze, summers we cook. Can't convince anyone to build a modern house that would work well with little aircon or heating though. _________________ shame on us, doomed from the start
god have mercy on our dirty little hearts
Joined: Oct 23, 2004 Posts: 5499 Location: New Jersey
Posted: Wed May 09, 2007 3:14 pm Post subject: Re: North American Fuel Shortage Reports
strider3700 wrote:
steam_cannon wrote:
"natural gas prices rose 6.1 cents to $7.698 per 1,000 cubic feet."
Even though winter is over there's still not enough natural gas!
Natural gas is used heavily in the summer to power peaker electric plants. The hotter it is the more air conditioners we run the more power we need. Winters we freeze, summers we cook. Can't convince anyone to build a modern house that would work well with little aircon or heating though.
In addition, it has been widely concluded in the NG industry that the marginal cost of bringing on new NG production is almost $8. Since there is a lot of NG drilling going on right now, the market price must be at least the cost of production to keep up production.
There have even been some recent reports that some fields have revenues less than the cost of production.
Joined: Oct 23, 2004 Posts: 5499 Location: New Jersey
Posted: Fri May 18, 2007 5:08 pm Post subject: Re: North American Fuel Shortage Reports
Prices at the pump rose 10 cents a gallon on average in the state of Oklahoma just today alone. There have been informal reports of wholesalers running out of supplies.
Anybody in OK or adjacent states seeing any stations with no gasoline?
Quote:
Gas prices hit record high
Last Update: May 18, 2007 3:45 PM
(TULSA, Okla.) May 18 - Filling up your tank of gas this weekend will cost you more than the rest of the country!
Oklahoma usually pays less, but not now. According to the AAA, the nationwide average for regular gas is $3.12. In Tulsa, it’s $3.19.
Filling up the tank has become less of an everyday errand for some drivers. It's now become a painful experience watching the pump roll on and on.
Some drivers say they have to fill up two to three times a week, costing them several hundred dollars a month.
Posted: Fri May 18, 2007 5:27 pm Post subject: Re: North American Fuel Shortage Reports
DantesPeak said:
Quote:
Anybody in OK or adjacent states seeing any stations with no gasoline?
Gas prices here in VA have jumped 13 cents in 3 days, but no shortages yet from what I’ve seen. I’ll be surprised if my prediction of $3.60+ by the end of the month doesn’t come true.
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