Rising gasoline prices as refineries shut down
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Heads up!
The use of gas in US is dropping like a rock in 2012 with nothing like it in the history. There is something very wrong here. I hope it's not economy falling from a cliff again?
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=wgfupus2&f=4
The use of gas in US is dropping like a rock in 2012 with nothing like it in the history. There is something very wrong here. I hope it's not economy falling from a cliff again?
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=wgfupus2&f=4
No, the oil industry will use any excuse or reason they can think of to keep prices and profits high. They will surely use the most recent report of the "improving jobs market" and "unemployment is down" reports like this one here:
http://finance.yahoo.com/news/stocks-jump-strong-jobs-report-january-163530530.html
Unemployment only looks like it is down because many people have exhausted their unemployment benefits. They are still out of a job but they don't show up on the "current" unemployment records. We are a very long way from a real improvement in outr jobs market.
It does not matter though, the oil industry has plenty more tricks up its sleeve to keep prices where they want them. Prices will only drop when the oil industry says they can drop.
http://finance.yahoo.com/news/stocks-jump-strong-jobs-report-january-163530530.html
Unemployment only looks like it is down because many people have exhausted their unemployment benefits. They are still out of a job but they don't show up on the "current" unemployment records. We are a very long way from a real improvement in outr jobs market.
It does not matter though, the oil industry has plenty more tricks up its sleeve to keep prices where they want them. Prices will only drop when the oil industry says they can drop.
Actually, I think this chart reflects the three major refineries that are currently offline.
Originally Posted By: friendly_jacek
Heads up!
The use of gas in US is dropping like a rock in 2012 with nothing like it in the history. There is something very wrong here. I hope it's not economy falling from a cliff again?
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=wgfupus2&f=4
Take a look at the Baltic Dry Index, you should be very scared right now.
Yes, the world economy is slowing rapidly.
Heads up!
The use of gas in US is dropping like a rock in 2012 with nothing like it in the history. There is something very wrong here. I hope it's not economy falling from a cliff again?
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=wgfupus2&f=4
Take a look at the Baltic Dry Index, you should be very scared right now.
Yes, the world economy is slowing rapidly.
The oil industry cares very little, if not at all about the economy. The only thing they care about is profit. When you take a good look at the info the oil industry and those people associated with it will actually allow you to see, you will find that they really care very little about "renewable energy" and they do not care how much of the environment or how many lives they ruin in their pursuit of profit. Prices will remain at the levels determined by the oil industry and their cronies on Wall Street and other cities and business markets around the world.
Originally Posted By: Jimmy9190
No, the oil industry will use any excuse or reason they can think of to keep prices and profits high. They will surely use the most recent report of the "improving jobs market" and "unemployment is down" reports like this one here:
http://finance.yahoo.com/news/stocks-jump-strong-jobs-report-january-163530530.html
Unemployment only looks like it is down because many people have exhausted their unemployment benefits. They are still out of a job but they don't show up on the "current" unemployment records. We are a very long way from a real improvement in outr jobs market.
Exactly! The official UE number that the gov't DoL puts out is a farce (U2).
The TRUTHFUL, accurate number is actually U6 and this is close to 20% if not more.
Quote:
It does not matter though, the oil industry has plenty more tricks up its sleeve to keep prices where they want them. Prices will only drop when the oil industry says they can drop.
Agreed, they always game the market. They claim that the Asian economy is still hot, well it is NOT that hot, and China's economy is faltering badly now so with few exceptions oil consumption is DOWN....WAAAAAY DOWN! There are still plenty of oil tankers sitting out in the oceans not off loading because it would increase the GLUT of oil. Gas consumption is also WAAAAAY DOWN in the US and Canada, even if they slow refineries it doesn't add up to a tighter supply it only would keep it where it was before the price increases this past year. The oil companies are counting on a paid off legislature and gulliable consumers being told over and over again about how..."there is nothing we can do about gas prices"..what a crock.
No, the oil industry will use any excuse or reason they can think of to keep prices and profits high. They will surely use the most recent report of the "improving jobs market" and "unemployment is down" reports like this one here:
http://finance.yahoo.com/news/stocks-jump-strong-jobs-report-january-163530530.html
Unemployment only looks like it is down because many people have exhausted their unemployment benefits. They are still out of a job but they don't show up on the "current" unemployment records. We are a very long way from a real improvement in outr jobs market.
Exactly! The official UE number that the gov't DoL puts out is a farce (U2).
The TRUTHFUL, accurate number is actually U6 and this is close to 20% if not more.
Quote:
It does not matter though, the oil industry has plenty more tricks up its sleeve to keep prices where they want them. Prices will only drop when the oil industry says they can drop.
Agreed, they always game the market. They claim that the Asian economy is still hot, well it is NOT that hot, and China's economy is faltering badly now so with few exceptions oil consumption is DOWN....WAAAAAY DOWN! There are still plenty of oil tankers sitting out in the oceans not off loading because it would increase the GLUT of oil. Gas consumption is also WAAAAAY DOWN in the US and Canada, even if they slow refineries it doesn't add up to a tighter supply it only would keep it where it was before the price increases this past year. The oil companies are counting on a paid off legislature and gulliable consumers being told over and over again about how..."there is nothing we can do about gas prices"..what a crock.
Last edited:
Originally Posted By: friendly_jacek
Heads up!
The use of gas in US is dropping like a rock in 2012 with nothing like it in the history. There is something very wrong here. I hope it's not economy falling from a cliff again?
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=wgfupus2&f=4
Good stuff, thanks for posting the graph. This is hard data and doesn't lie. Can't argue with it! Not looking good for the economy right now or the near future. Sorry to say.
Whether things are going up or down there are always opportunities to make money.
Heads up!
The use of gas in US is dropping like a rock in 2012 with nothing like it in the history. There is something very wrong here. I hope it's not economy falling from a cliff again?
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=wgfupus2&f=4
Good stuff, thanks for posting the graph. This is hard data and doesn't lie. Can't argue with it! Not looking good for the economy right now or the near future. Sorry to say.
Whether things are going up or down there are always opportunities to make money.
Hmmmm, this one doesn't seem as bad....also I don't think these stats include the massive increase of E10 ethanol use over the past few years
4-Week Avg U.S. Refiner and Blender Adjusted Net Production of Finished Motor Gasoline
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGFRPUS2&f=4
4-Week Avg U.S. Refiner and Blender Adjusted Net Production of Finished Motor Gasoline
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGFRPUS2&f=4
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