Gas continues to rise.......

hebegb

Btw....if any of you deal with refineries.....splain how they are folding like a cheap hooker who got sucker punched by coldie in a bad neighborhood

CaptTater

Flash

tankard wrote: »

Yes.

I am right, and Mike Myers is the single most unfunny person on the planet.

You forgot Jim Carey and Will Ferrell.

CaptTater

Flash wrote: »

You forgot Jim Carey and Will Ferrell.

Myers and those 2 just don't really do it for me. Carey had some really funny moments but I can watch about any Mike Myers movies without so much as a smile. The exception would be making fun of HEAD in So I Married and Axe Murder but to sit through the "poetry" singing stuff it's not worth it.. HED... MOVE NOW!

Salty Gator

hebegb wrote: »

Btw....if any of you deal with refineries.....splain how they are folding like a cheap hooker who got sucker punched by coldie in a bad neighborhood

Has overall capacity nationwide actually changed? When the Cushing pipeline is open, I would expect more capacity to come on line.

Mister-Jr

CaptTater wrote: »

Yep, I'm an American and unlike the bottom 47% I paid the taxes that funded it. Nice that you try to turn it to that after repeatedly being shot down with your twisting of my comments. At least your buddies Bimini TruthTwister and FalsehoodContender knew to scurry off.

:rotflmao

nuclearfishn

CaptTater wrote: »

Myers and those 2 just don't really do it for me. Carey had some really funny moments but I can watch about any Mike Myers movies without so much as a smile. The exception would be making fun of HEAD in So I Married and Axe Murder but to sit through the "poetry" singing stuff it's not worth it.. HED... MOVE NOW!

You did not laugh at Will Ferrell in Land of the Lost? or even Tank in Old School?

Contender

CaptTater wrote: »

So much for that theory. Just because it's fixed pricing for us that way doesn't mean it has to be. China negotiates it's oil prices. So much for PRICED TO MARKET bull crap. I guess you fall into the 90%?

I'm not against a legislation to say oil from public lands stays in the US either. Same with other govt contracts. A US based supplier gets preference. I see it in local bids all the time where a local supplier gets extra consideration.

http://www.thechinatimes.com/online/2012/02/2189.html
Strong trade relations between China and Iran seem to have a crack. In recent months, Beijing has reduced almost half of the purchases of Iranian oil, but it’s not because of a tightening of economic sanctions against Tehran from the international community. Analysts believe that Beijing is trying to get more favorable terms of the contract from the supplier.

In recent weeks, China has reduced the imports of Iranian oil, placing its regional partner in a difficult position. Until recently, Beijing has imported about 20% of Iran’s oil, but since January the volume of purchases has greatly decreased – right on 285,000 barrels per day, according to Reuters.

Temporary alternative to the Iranian oil comes from Saudi Arabia, which since October last year increased its production 360,000 barrels daily. According to Reuters, everyday about 200 thousand barrels of the increased production go to China. According to many market participants, Chinese commodity broker Unipec (a subsidiary of Sinopec) was able to increase supplies from Saudi Arabia. The prices for Saudi oil continues to stay at a very comfortable level for the PRC.

Moreover, Beijing has the capacity of getting supply from different sources. It has got a few alternatives of Iranian oil. In particular, in March China should get the supply of Russian crude from ESPO total of 3.65 million barrels., As well as the supply with crude oil from Urals. Among other alternative energy sources of Iranian oil was gas condensate from the north-west shelf of Australia and the Timor Sea.

Experts believe that such actions of the PRC is trying to gain an advantage in discussing the new long-term contracts for the supply of oil. “Realizing that the number of buyers of Iranian oil is reduced, Beijing began to pressure on Tehran to provide a long-term contracts in lower price. Of course, the discount is unlikely to be very large, but given the volume of trade, China can save a lot.” said the analyst Samual Sizuk from IHS Energy.


Nevertheless, Tehran understands very well that Beijing will not totally abandon the Iranian oil. In practice, further increase in production in Saudi Arabia in the event of a crisis can lead to unpredictable consequences on the global energy market. “If Saudi Arabia is fully replace Iranian oil imports from the structure of China, there will be almost no free reserves, which can quickly enter the market in the event of war, natural disaster or other force majeure. This imbalance is very dangerous, Beijing is unlikely to take such risks, “- said Mr. Sizuk.


OR if you like other sources

http://www.bloomberg.com/news/2012-01-12/china-gets-cheaper-iran-oil-as-u-s-pays-tab-for-hormuz-patrols.html
China stands to be the biggest beneficiary of U.S. and European plans for sanctions on Iran’s oil sales in an effort to pressure the regime to abandon its nuclear program.

As European Union members negotiate an Iranian oil embargo and the U.S. begins work on imposing sanctions to complicate global payments for Iranian oil, Chinese refiners already may be taking advantage of the mounting pressure. China is demanding discounts and better terms on Iranian crude, oil analysts and sanctions advocates said in interviews.
Enlarge image China Gets Cheaper Iran Oil as U.S. Pays for Hormuz Patrols

A PetroChina Co. gas station attendant fills a customer's vehicle in Shanghai, China. Photographer: Kevin Lee/Bloomberg

“The sanctions against Iran strengthen the Chinese hand at the negotiating table,” Michael Wittner, head of oil-market research for Societe Generale SA in New York, said in a phone interview. While there are no confirmed numbers, Chinese refiners are likely to win discounts on Iranian crude contracts as buyers from other nations halt or reduce their purchases of Iranian oil to avoid being penalized under U.S. and European sanctions, he said.

Scurry off? While I know you're a smart man, but you'd rather come back with an argument about a country that fixes their own currency and doesn't play by international rules in numerous ways. Not to mention, they are negotiating because they are just taking advantage of an embargo to not only take advantage of us but the embargo itself because they don't care. Disingenuous at best. If you could get barrels of oil from your own back yard, what would it sell for? What market would it go to? Would the buyer ACTUALLY have to take delivery? Instead of attacking me, why not address the fact that we are exporting MORE THAN IS BEING USED and until there are laws that it stays domestic, it will not. Go ahead and get back to it Bill Nuy.

Ol Mucky

CaptTater wrote: »

An explosion has hit oil pipelines in the flashpoint Saudi Arabian city of Awamiyah in the kingdom’s oil-rich Eastern Province."

My guess is someone on here will come out and say it was Bush and his oil cronies that done it.

dstockwell

Contender wrote: »

Not to mention, they are negotiating because they are just taking advantage of an embargo to not only take advantage of us but the embargo itself because they don't care?

Why should they care, this our half baked idea of sanctions on a country who's bark is worse than their bite. http://reaganslist.us/2011/11/irans-bark-worse-than-bite/ And when it comes to technology they simply are not the brightest of the bunch. Science in the Muslim world is now in a sorry state. "It's dismal.

Mango Man

I noticed the corner store dropped it's price from 3.799 to 3.759...hopefully a sign of things to come.

MadScientist

Yesterday, being the start of a new month, futures prices jumped $0.25/g over night.. They are now ~$3.30/g and that translates to ~$4.05/g at the pump, so that's where we are headed, unless futures drop.

I started getting non-ethanol for my boat from a commercial account and the billing lays out the taxes, some of which vary by location, here they for Gainesville:

Federal Excise Tax $0.184/g
State Excise Tax $0.166/g
Minimum Local Option Tax $0.108/g
Alachua County Local Option Surcharge $0.081/g
Environmental Tax $0.0237/g

Local $0.189/g
Total $0.5627/g

I think the other $0.20/g is for delivery, overhead and profit. I've heard profit (to the station) is normally less than $0.03/g.