Oil's energy contribution has declined by about 12% since 1999. The world's economies have also declined by about 12%. (Using conventional metrics, which are time delayed determinations, this will only be seen in hind sight). The massive destruction of asset values now occurring testifies to it happening.
Peak is well behind us, world economies have peaked and will continue to decline.
Posted: Fri Sep 26, 2008 9:29 am Post subject: Re: North American Fuel Shortage Reports
Quote:
A petroleum executive suggested Thursday that Gov. Sonny Perdue should cancel Saturday's football game between Georgia and Alabama.
Tex Pitfield, president and CEO of Saraguay Petroleum in Atlanta, said in a radio interview there might not be enough gas in the Athens area for all of the football fans driving to the game.
"That gas needs to be used for people to go to work, and for people to take care of their families," Pitfield told WGAU in Athens.
The governor's office quickly rejected the idea.
"The governor is not going to consider a ridiculous idea like this,” Perdue spokesman Bert Brantley said late Thursday. “We’re also not going to stop living our lives. People understand there are common-sense things they can do.”
skip
Quote:
"I’m amazed that the governor of Georgia, who for all intents and purposes, is the president and CEO of a multi-billion-dollar corporation — and the corporation is on its knees. It’s been given the death blow," said Pitfield. "And here he is, he’s jetting off to Europe on Saturday with complete abandon."
Joined: Jun 13, 2007 Posts: 3911 Location: Minniesotuh
Posted: Fri Sep 26, 2008 11:45 am Post subject: Re: North American Fuel Shortage Reports
UncoveringTruths wrote:
Quote:
"That gas needs to be used for people to go to work, and for people to take care of their families," Pitfield told WGAU in Athens.
So... Think Pitfield reads PeakOil.com? Let's keep track of those in authority who actually have a clue what is going on. _________________ "RRrrruuuunnnn!!!" ~Apocalypto
Last edited by Ferretlover on Fri Sep 26, 2008 8:09 pm; edited 1 time in total
(sorry don't know how to shorten linkys)
edited to add second link _________________ "With man gone will there be hope for gorilla? With gorilla gone will there be hope for man?" --Ishmael by D. Quinn
Last edited by biofuel13 on Fri Sep 26, 2008 1:12 pm; edited 1 time in total
Posted: Fri Sep 26, 2008 12:48 pm Post subject: Re: North American Fuel Shortage Reports
Just went mainstream.
Quote:
NEW YORK (Fortune) -- While Congress and Bush administration officials have been working to complete a bailout plan and stem the financial contagion on Wall Street, a different kind of economic crisis emerged across the South this week: A severe, hurricane-related gasoline shortage has curtailed trucking from Atlanta to Asheville, N.C., and created a wave of panic buying among motorists.
The return of gas lines has largely flown under the radar of politicians who are usually keenly attuned, because their constituents are, to what's going on at the pump. But more of the Capitol gang should be paying attention to this.
That's because nationwide our gasoline inventory is shockingly low. Liquidity must be restored soon to this market, or we could be facing a crippling run on the gasoline bank. And if you think Americans are outraged about Wall Street, wait until their Main Street grocery store doesn't get the bread and milk delivery for a week or two.
Joined: Sep 08, 2005 Posts: 792 Location: Atlanta, GA
Posted: Fri Sep 26, 2008 2:00 pm Post subject: Re: North American Fuel Shortage Reports
Report from the field:
I took Marta today to run a few errands - bookstore, lunch at Subway, and two banks (yes, one of them is WaMu...LOL.) For the first time, I saw lines at gas stations - the 20% or so that were open. The rest of them I passed were either 100% bagged, or they had diesel only. There seemed to be no shortage of diesel, but most stations that were open had regular grade only. Prices ranged from $3.97 (a QT, very long times...gnarly-looking) to $4.29. Riding along, I would see 3-4 more blank stations, then another one with long lines.
On the final stretch home on the bus, after the QT, I passed six dry gas stations in a row, and then I came to my stop, where the Chevron is. Closed yesterday, they have regular today for $4.09, same as before. And yes, there were long lines. The thing that makes it interesting is that it's an actual *service station / garage* a la 1969. It's one of the few service stations in this city that offer full service, for about .55 cents more per gallon. This small, humble-looking establishment doesn't have a large forecourt at all - just two rows, 2 sets of pumps for the self and one set for the full, so that's 6 hoses going at once. The were smart enough to cone off the entrance off the main throughfare, and allowed entry only on the rear side. When I walked past there, it looked like a Gordian knot of cars, encircling the garage itself. I mean, almost every square inch of pavement of that place was occupied by a car, with driver, waiting for gas. A real sight to behold.
This is when it's time for me to say "no thank you" and leave my car parked. It's very, very clear there isn't nearly enough gas to meet the demand, and there's no way of knowing when it's going to get better. And my Breeze card has suddenly become one of my most precious possessions.
Could a state-wide holiday be in store for us next week?
Stay tuned.... _________________ Nowhere to run, nowhere to hide...
...and the meek shall inherit the Earth!
Posted: Fri Sep 26, 2008 6:42 pm Post subject: Re: North American Fuel Shortage Reports
Uber-doomer Matt Simmons is at again with this Fortune article on gasoline shortages:
Quote:
As he told me the other day: "If we end up having gasoline shortages, the odds are about 90% that Americans will do what we always do: We'll top up our tanks. And in topping up our tanks, within three or four days we'll drain the pool dry and then within seven days we'll run out of food."
That sounds awfully dire. And it probably won't happen. But, then again, a couple of months ago hardly anybody would have predicted that AIG would collapse, Congress would be mulling a Wall Street bailout, and '70s-era gas lines would be back.
Joined: Sep 16, 2004 Posts: 4936 Location: Southwest WI
Posted: Sat Sep 27, 2008 7:24 pm Post subject: Re: North American Fuel Shortage Reports
If it came to that around here i'd get on my bicycle and save what gas i have. No reason to go wait in those lines and waste hours just getting all stressed out. Just shows how addicted people are... For the amount of time they'll spend in that line, they could have walked everywhere they needed to go and gotten exercise and fresh air...
Keep the pictures going...i like! _________________ Clothing should be optional.
Posted: Sat Sep 27, 2008 9:52 pm Post subject: Re: North American Fuel Shortage Reports
i am on the VA-NC border, on the coast, and i don't see any shortages or problems at all. nothing. zip. zilch. nada. in fact prices dropped some at the end of the week.
any idea why i am not seeing anything and yet a few hours away there are problems?
Joined: May 30, 2008 Posts: 297 Location: On the highway, or the water somewhere!
Posted: Sat Sep 27, 2008 10:05 pm Post subject: Re: North American Fuel Shortage Reports
nobodypanic wrote:
i am on the VA-NC border, on the coast, and i don't see any shortages or problems at all. nothing. zip. zilch. nada. in fact prices dropped some at the end of the week.
any idea why i am not seeing anything and yet a few hours away there are problems?
two possibilities come to mind. One was a report in another thread of 32 tankers coming from Europe with 1/2 of them UNSOLD and NY unloading facilities booked up, Maybe there is a rack in Norfolk or Charleston ans some ability to unload finished product from tankers?
The other possibility is that your area is serviced out of Richmond rack which also services Washington DC. Ruther Glen truck stops are showing critically low on Diesel even so... They are just below Washington... _________________ Courtesy and Courage, Sincerity and Self-control, Honor and Loyalty...a Code to Live By!
Where is my wooden pitchfork and torch anyway? I may need them for a visit to the castle soon!
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