We don't have enough refining capacity in the US to provide the liquid fuel needs so we have to import both crude and refined fuels.Herm said:Yet the market is glutted with both oil and gasoline, almost no storage space remain empty.. meanwhile we see announcements in the US about new cars that get 40 mpg or better.
Speculators may drive up the cost again, unless market regulators put a stop to it this time.
Absolutely - except when the products are priced in dollars (as most are).AndyH said:The shrinking dollar is a 'hidden inflation.'
Oil isn't trading only in dollars any longer. The hidden inflation kills those of us with our retirement funds in USD...evnow said:Absolutely - except when the products are priced in dollars (as most are).AndyH said:The shrinking dollar is a 'hidden inflation.'
AndyH said:We don't have enough refining capacity in the US to provide the liquid fuel needs so we have to import both crude and refined fuels.
Really? Other posts suggest you have a right of center leaning - you think we need regulation? And especially want to blame the price of oil on speculators?
Careful, Herm - ain' no hatin' goin' on here. Just trying to figure out where you're standing when you're describing the elephant.Herm said:Yet Valero closed a refinery in the US last year.. we do import a lot of gasoline probably because its cheaper to do so.. I do know that we trade excess diesel product with Europe and they export their excess gasoline to us. The fact remains that there is a glut of oil in the market right now, perhaps it wont last.
Dont be a hater, conservatives do not necessarily rule out some market regulation, and can be for less energy dependence on imports, and support local corn based ethanol... Same way that conservatives can be green and still not believe in AGW.
What I mean is - a lot of the exporters to US set their prices in USD. So they take a ht when they export to US (like Nissan with Leaf). All the contracts that Walmarts and Targets draw up with Chinese exporters is in USD.AndyH said:And if any of those products with a final USD price are made from bits sourced from places outside the US...
The spare capacity isn't any higher now. This is just normal mainstream talk (the same ones who think SA doesn't exaggerate their reserves).Herm said:The second reason Drollas mentioned was that spare capacity was higher than it was in 2008, when it was under 4 per cent of world oil demand. Currently, the outlook is being boosted especially by the prospect of much higher production from Iraq.
Oh yes - with plenty of subsidy, fossil fuel inputs, degradation of top soil, immense waste of water resources, terrible price the poor all over the world pay for it and nearly zero return on energy "local" ethanol is indeed to be supported :evil:Herm said:and support local corn based ethanol...
Appaently only things conservatives have suddenly become "expert scientists" and don't "beleive" in is AGW and evolution. How rational.Same way that conservatives can be green and still not believe in AGW.
evnow said:Oh yes - with plenty of subsidy, fossil fuel inputs, degradation of top soil, immense waste of water resources, terrible price the poor all over the world pay for it and nearly zero return on energy "local" ethanol is indeed to be supported :evil:Herm said:and support local corn based ethanol...
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