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LTLFTcomposite
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What's the real story with US oil/gasoline supply security

Thu Jun 20, 2019 7:23 am

With Iran ratcheting up tensions in the Strait of Hormuz it seems like a good time to reexamine this question. One of the hater arguments against EVs has always been "I can fill up in two minutes and go another 300 miles". Most people now are too young to remember the 1974 oil embargo when filling up wasn't two minutes, it was more like sitting in line for three hours with an 8 gallon limit.

I've always thought a good old fashioned supply panic on gasoline would change the calculus on EVs in buyers' minds. My understanding is with fracking we are close to being a net zero importer of crude, but it seems like a disruption in world supply would at least trigger some regional shortages. Plus considering fungibility if someone else's supply gets disrupted, market forces will raise prices in the unaffected areas as supply shifts from unaffected areas to affected areas.
LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
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WetEV
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Re: What's the real story with US oil/gasoline supply security

Thu Jun 20, 2019 7:41 am

LTLFTcomposite wrote:With Iran ratcheting up tensions in the Strait of Hormuz
https://www.nytimes.com/2019/06/20/opin ... trump.html
WetEV
#49
Most everything around here is wet during the rainy season. And the rainy season is long.
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User avatar
LTLFTcomposite
Posts: 4780
Joined: Fri Apr 23, 2010 6:06 pm
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Re: What's the real story with US oil/gasoline supply security

Thu Jun 20, 2019 8:26 am

WetEV wrote:
LTLFTcomposite wrote:With Iran ratcheting up tensions in the Strait of Hormuz
https://www.nytimes.com/2019/06/20/opin ... trump.html
Orange man bad!
LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
[35 months] [35K miles] [9 Bars]
2013 Volt replaced after 36 months/30k miles with ICE Rogue
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mwalsh
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Re: What's the real story with US oil/gasoline supply security

Thu Jun 20, 2019 9:35 am

You know what's funny/suspicious - the day before the tankers were mined, I read a report that gasoline was going to go down to a $2 per gallon average. Guess what's NOT going to happen now?

Edit: Here you go, the original report from was from 6/12 and then I guess they updated it on 6/14, after the tanker incident.

https://www.cnn.com/2019/06/12/economy/ ... index.html

And why blow holes in tankers above the water line? Are Iranians so worried about the environment all of a sudden?

Now off to buy tinfoil - I need a new hat. :mrgreen:
Last edited by mwalsh on Thu Jun 20, 2019 10:12 am, edited 1 time in total.
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Re: What's the real story with US oil/gasoline supply security

Thu Jun 20, 2019 9:44 am

LTLFTcomposite wrote:
WetEV wrote:
LTLFTcomposite wrote:With Iran ratcheting up tensions in the Strait of Hormuz
https://www.nytimes.com/2019/06/20/opin ... trump.html
Orange man bad!
And Bush and the not found WMD.
WetEV
#49
Most everything around here is wet during the rainy season. And the rainy season is long.
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mwalsh
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Re: What's the real story with US oil/gasoline supply security

Thu Jun 20, 2019 9:58 am

LTLFTcomposite wrote:Most people now are too young to remember the 1974 oil embargo when filling up wasn't two minutes, it was more like sitting in line for three hours with an 8 gallon limit.
I don't remember it being that early in the UK. One of my college jobs during 1976-1977 was pumping gas, so my tank (and those of my chums) was always full. It was the only damn thing that made the job worthwhile. Hated it otherwise, and the absolute worst part was telling regular customers that we were out.
2011 Blue Ocean SL with 86,000 miles
2015 pack on 12/30/15
Tinted windows
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Ecopia 422+ tires
L1 EVSE upgrade
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LED shifter
Heated seats
GT-R map lamp lenses
Altima illuminated door switches

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LTLFTcomposite
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Re: What's the real story with US oil/gasoline supply security

Thu Jun 20, 2019 3:31 pm

WetEV wrote: And Bush and the not found WMD.
because that was the thread topic
LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
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Re: What's the real story with US oil/gasoline supply security

Thu Jun 20, 2019 4:18 pm

LTLFTcomposite wrote:With Iran ratcheting up tensions in the Strait of Hormuz
Who ended the nuclear agreement with Iran? And want to sell nuclear technology to Saudi Arabia?
(Not Iran)
WetEV
#49
Most everything around here is wet during the rainy season. And the rainy season is long.
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LTLFTcomposite
Posts: 4780
Joined: Fri Apr 23, 2010 6:06 pm
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Re: What's the real story with US oil/gasoline supply security

Thu Jun 20, 2019 5:58 pm

WetEV wrote:
LTLFTcomposite wrote:With Iran ratcheting up tensions in the Strait of Hormuz
Who ended the nuclear agreement with Iran? And want to sell nuclear technology to Saudi Arabia?
(Not Iran)
Are you referring to the agreement to enable proliferation instead of deter it and fund Hezbollah?

Not that it matters. The topic was not US foreign policy but rather the security of the US petroleum supply in the face of adverse geopolitical events and the possibility a supply disruption or price spike could cause a marked increase in demand for EVs. Did you have anything to contribute to that other than orange man bad?
LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
[35 months] [35K miles] [9 Bars]
2013 Volt replaced after 36 months/30k miles with ICE Rogue
2016 SV-adjacent May 2016 lost 4th bar March 2018

WetEV
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Re: What's the real story with US oil/gasoline supply security

Thu Jun 20, 2019 6:39 pm

LTLFTcomposite wrote:Are you referring to the agreement to enable proliferation instead of deter it and fund Hezbollah?
“Do you think the right question will get you the truth?” Anatoly Dyatlov (played by Paul Ritter), the engineer who oversaw the safety test that led to the disaster and later became the regime’s designated fall guy, says to a scientist trying to find out what happened the night of the accident. “There is no truth. Ask the bosses whatever you want and you will get the lie. And I will get the bullet.”

In fact, Dyatlov got 10 years (and served three). But the line captures the essence of a system in which every official lie is a noble one and truth is whatever happens to serve the party at a particular moment in time. And it works — until it doesn’t.
https://www.nytimes.com/2019/06/20/opin ... trump.html

Selling nuclear technology to the Saudis isn't proliferation?

https://wallstreetwindow.com/2019/04/if ... 4-01-2019/

LTLFTcomposite wrote:Not that it matters. The topic was not US foreign policy but rather the security of the US petroleum supply in the face of adverse geopolitical events and the possibility a supply disruption or price spike could cause a marked increase in demand for EVs. Did you have anything to contribute to that other than orange man bad?
When you start out pounding the war drums on behalf of Trump and Fox News, don't expect much slack.

If you don't want a US foreign policy topic, don't start with US foreign policy.
WetEV
#49
Most everything around here is wet during the rainy season. And the rainy season is long.
2012 Leaf SL Red (Totaled)
2014 Leaf SL Red
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