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.
Joined: Mar 26, 2005 Posts: 3904 Location: over here
Posted: Thu Sep 25, 2008 11:39 am Post subject: U.S. gasoline inventories lowest since 1967
Quote:
WASHINGTON (Reuters) - U.S. gasoline inventories shrunk to the lowest level since 1967 after Hurricanes Gustav and Ike shut Gulf Coast oil refineries, but the Bush administration said there is still no need to ask for emergency fuel supplies from European allies.
read more here @ Reuters _________________ "The best thing about the future is that it comes only one day at a time."
Posted: Thu Sep 25, 2008 12:33 pm Post subject: Re: U.S. gasoline inventories lowest since 1967
I guess there's going to need to be a few deaths at gas stations before we implement rationing.
I can't wait to hear the rationing proposals.
I'm sure that some nit wit will try to impose a rationing scheme based on the MPG of your vehicle. _________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
Posted: Thu Sep 25, 2008 2:23 pm Post subject: Re: U.S. gasoline inventories lowest since 1967
Also in NC here. In a town near here, only one station has gas, regular only, and it is the one closest to the fire station. Families are allowed to purchase 7 gallons. In this small town, people know if you cheat and bring more than one car through for your family, too. I drove there today for deliveries and saw evidence that this is true.
In my town, about 40 miles from this one, we are starting to see stations run out. But still have about 3/4 of the stations with gas. So far, no panic here. I imagine though, in this small town, another couple empty stations will make people fearful, though.
And about 40 more miles east, in Charlotte, there were reports last night of fighting and police protection needed at the stations who had gas. I heard this on a music station as callers were calling in to say which station had gas, how long the lines were, and how much you could purchase. I'm not in Charlotte, but I assume this is all true since it was coming from multiple callers.
So my town is in the middle of two areas of severe shortage. Can't help but think in a couple of days it'll be us...
Posted: Fri Sep 26, 2008 1:58 am Post subject: Re: U.S. gasoline inventories lowest since 1967
Bas wrote:
Quote:
WASHINGTON (Reuters) - U.S. gasoline inventories shrunk to the lowest level since 1967 after Hurricanes Gustav and Ike shut Gulf Coast oil refineries, but the Bush administration said there is still no need to ask for emergency fuel supplies from European allies.
Posted: Fri Sep 26, 2008 2:19 am Post subject: Re: U.S. gasoline inventories lowest since 1967
jbrovont wrote:
That's like 2-3 gallons. It seems strange they're doing it by cost instead of volume.
Price fixing now too?
madpaddler wrote:
In NC this week we were told only $10.00 per car at one station...took me 40 minutes to find a station with regular and get gas today.
I'd guess they figure, well, let's make it about 3 gallons per person, so that's 10 bucks. Make it 10 even to make the math easy. _________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
Joined: Mar 26, 2005 Posts: 3904 Location: over here
Posted: Fri Sep 26, 2008 5:59 am Post subject: Re: U.S. gasoline inventories lowest since 1967
Cashmere wrote:
I guess there's going to need to be a few deaths at gas stations before we implement rationing.
I can't wait to hear the rationing proposals.
I'm sure that some nit wit will try to impose a rationing scheme based on the MPG of your vehicle.
Indeed rationing seems the sensible thing to do and I can't understand why government hasn't made it so. Just waiting and praying for things to be alright seems like a recipe for disaster to me and I'm actually surprised things haven't gotten much more out of control so far. It looks like that for the coming week or so things will remain very tight so that's still plenty of time for panicbuying to occur on a large scale, especially now that more and more people have become aware of the precarious situation. If hoarding on a large scale doesn't happen, things should start to ease in a week, maybe two as the (partly still completely offline) refineries on the gulf coast ramp up production. _________________ "The best thing about the future is that it comes only one day at a time."
Joined: May 18, 2006 Posts: 4867 Location: Minneapolis, MN
Posted: Fri Sep 26, 2008 8:08 am Post subject: U.S. Gasoline Inventories Lowest Since 1967
U.S. Gasoline Inventories Lowest Since 1967
Quote:
The drop in fuel stocks has caused long lines at service stations in southern cities. Retail outlets, including those in Atlanta and Memphis and as far away as Ohio, have run out of fuel.
Five U.S. oil refineries with a total production capacity of 1.231 million barrels a day have remained shut since Ike idled 14 plants, or a quarter of the nation's refined fuel production, nearly two weeks ago, according to the department.
Link _________________ Believe those who are seeking the truth. Doubt those who find it.
Posted: Fri Sep 26, 2008 11:07 pm Post subject: Re: U.S. gasoline inventories lowest since 1967
I am sorry about your fuel shortage you folks are having in the Southeast,, fuel seems ok here in Vegas and the West, I wonder why there was no order from the White House to send some of our excess fuel over to the Southeast.
Posted: Fri Sep 26, 2008 11:48 pm Post subject: Re: U.S. gasoline inventories lowest since 1967
timmac wrote:
I am sorry about your fuel shortage you folks are having in the Southeast,, fuel seems ok here in Vegas and the West, I wonder why there was no order from the White House to send some of our excess fuel over to the Southeast.
Or do we have any excess over here in the West.
How exactly would you move it from west to east? There is no pipe line for fuel/oil from the west. Trucks can only move a single truck load per week per truck. With very few extra trucks and a huge cost to ship that way it won't help much.
The west is isolated from the rest of the country as far as fuel and oil goes. _________________ www.ChrisGeigerPhoto.com
Joined: Apr 06, 2006 Posts: 3626 Location: 3 miles NW of Champoeg, Republic of Cascadia
Posted: Fri Sep 26, 2008 11:56 pm Post subject: Re: U.S. gasoline inventories lowest since 1967
The Yellowstone pipeline leads from Billings through the PNW down to UT. You could curb supplies through it and redirect the gasoline east, perhaps. Finished product line running through the SW as well. Blue lines are finished product:
Ah, 1967, 11.3 mb/d consumption, no SPR, lousy mileage cars. Far out, man. _________________ Cogito, ergo non satis bibivi
C'mon man, who're you gonna believe?
Posted: Sun Sep 28, 2008 11:34 am Post subject: Re: U.S. gasoline inventories lowest since 1967
Rabbit Wrote :
How exactly would you move it from west to east? There is no pipe line for fuel/oil from the west. Trucks can only move a single truck load per week per truck. With very few extra trucks and a huge cost to ship that way it won't help much.
My Reply :
Why not spend the extra $$ in shipping,, Fuel tankers only got to travel I-10 east from say Arizona/Cali area,, 200+ tankers full of petro would help with the problem, I would rather pay a higher price than no fuel at all.
If our goverment is going to spend Billions for bailout of the crooked bankers, why not spend some of that money on the shipping cost and get the job done,, we ship all kinds of stuff all over this country, even bottle water, why not fuel.
Joined: Oct 23, 2004 Posts: 5928 Location: New Jersey
Posted: Sun Sep 28, 2008 11:50 am Post subject: Re: U.S. gasoline inventories lowest since 1967
timmac wrote:
Rabbit Wrote :
How exactly would you move it from west to east? There is no pipe line for fuel/oil from the west. Trucks can only move a single truck load per week per truck. With very few extra trucks and a huge cost to ship that way it won't help much.
My Reply :
Why not spend the extra $$ in shipping,, Fuel tankers only got to travel I-10 east from say Arizona/Cali area,, 200+ tankers full of petro would help with the problem, I would rather pay a higher price than no fuel at all.
If our goverment is going to spend Billions for bailout of the crooked bankers, why not spend some of that money on the shipping cost and get the job done,, we ship all kinds of stuff all over this country, even bottle water, why not fuel.
My WAG is that for whatever reason, people would rather sit through shortages than pay more than $4 gallon for gas. There appears to be the concept of some god-given right to cheap gas in the minds of many americans, an idea that is not disputed by our leaders. The only thing we have heard from the President and Secretary of Energy is that supplies are low because of hurricanes but no emergency exists, and state governments persistently talk about the threat of price gouging.
The national elections hanging over head seem to hold back any thought of a national debate on energy.
So while they wouldn't be able to eliminate shortages due to extremely low inventories, there could be a national policy of distribtuing supplies more equally - if those in the areas of low supplies would be willing to pay about $1 more, to pay for special shipping. _________________ It's already over, now it's just a matter of adjusting.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum