ABG: Hey, enjoy that cheap gas while you can Thirst for oil outpaces supply, coal use up — and so is carbon output

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GRA

Well-known member
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East side of San Francisco Bay
https://www.autoblog.com/2018/06/14/bp-world-energy-report-oil-coal-renewables/

Also, via AAA:
CONSUMER GASOLINE DEMAND HITS ALL-TIME HIGH

June 14,2018

Registering at 9.88 million b/d for the week ending on June 8, the consumer gasoline demand rate is the highest weekly estimate on record since
the Energy Information Administration (EIA) began tracking it. The last time gas demand was estimated to be this high was in mid-April – when it hit 9.86 million b/d. The EIA’s latest reading is more than 900,000 b/d from the previous week’s estimate, signaling that motorists are embracing the summer driving season. If demand continues to trend higher, drivers may see prices spike at the pump.
https://gasprices.aaa.com/

The nationwide avg. for reg. is $2.905 as of today.
 
The title is too hyperbolic. While demand for gasoline may temporarily outpace the supply of gasoline, there is still a glut of crude oil. It may even get "worse" instead of "better", as several oil-producing nations are considering increasing production.
 
LeftieBiker said:
The title is too hyperbolic. While demand for gasoline may temporarily outpace the supply of gasoline, there is still a glut of crude oil. It may even get "worse" instead of "better", as several oil-producing nations are considering increasing production.

Glut of oil? With Iran getting shut out of the market by Trump, Venezuela collapsing?

Day's of supply in storage is the way to quantify "glut" or "shortage". Range is about 55 days to 68 days. If there is too little oil in storage, there will be spot shortages. If there is too much, wells will need to be curtailed as there isn't a place to put the oil.

Current level is 59 days. This is not close to a glut.

https://www.eia.gov/outlooks/steo/report/global_oil.php
 
GRA said:
LTLFTcomposite said:
Cancelling the war games with South Korea should save a bunch.
Some, but not that much. DoD is the largest single customer for petroleum in the world, at ~1% of the total, and maneuvers in the RoK would constitute a fairly small % of that. See: https://en.wikipedia.org/wiki/Energy_usage_of_the_United_States_military

Are you saying that because the DOD uses truly huge amounts of oil, and because the Korean/US war games use only a small fraction of that huge amount, that the oil used in them isn't "a bunch"...? Does this mean I can stop worrying about how much energy I use, because I'm lost in the statistical noise of US energy consumption? Can we all do that, too? This topic started with a silly premise and it's been going downhill ever since.
 
LeftieBiker said:
Are you saying that because the DOD uses truly huge amounts of oil, and because the Korean/US war games use only a small fraction of that huge amount, that the oil used in them isn't "a bunch"...? Does this mean I can stop worrying about how much energy I use, because I'm lost in the statistical noise of US energy consumption? Can we all do that, too?
No, you are still expected to do your part to conserve, that frees up resources for the beautiful people. :lol:
 
LeftieBiker said:
GRA said:
LTLFTcomposite said:
Cancelling the war games with South Korea should save a bunch.
Some, but not that much. DoD is the largest single customer for petroleum in the world, at ~1% of the total, and maneuvers in the RoK would constitute a fairly small % of that. See: https://en.wikipedia.org/wiki/Energy_usage_of_the_United_States_military

Are you saying that because the DOD uses truly huge amounts of oil, and because the Korean/US war games use only a small fraction of that huge amount, that the oil used in them isn't "a bunch"...? Does this mean I can stop worrying about how much energy I use, because I'm lost in the statistical noise of US energy consumption? Can we all do that, too? This topic started with a silly premise and it's been going downhill ever since.
Seeing as how I haul my recyclable cans and bottles the 2 miles to the recycling center by bike instead of car, do you really believe that I'm suggesting that? C'mon. I was pointing out that Korean maneuvers make up a small % of the total U.S. military's energy usage and will have minimal effect on the overall price or available quantity of oil, nothing more. Nowhere was it implied that we shouldn't continue to conserve/reduce our energy usage.
 
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