corn does NOT belong in gasoline
Posted on 04/29/2019 4:02:29 PM PDT by bananaman22
Albert Einstein once wrote that “the definition of insanity is doing the same thing over and over again and expecting different results.” Were he alive today, he would be repeating the line to anyone who would listen, especially the reporters on cable news channels such as CNBC. He might add that the world’s policymakers always approach oil market disruptions in the same way: predicting there will be no impact on prices.
Einstein would then point out that the policymakers are consistently wrong. A hefty price boost has followed every disruption.
The world has experienced nineteen oil market disruptions over the last forty years. In a paper published in March 2018, I chronicled these events and noted that the maximum price increase was predictable. Last Monday, Secretary of State Mike Pompeo initiated the twentieth disruption. The consequences are projected here.
(Excerpt) Read more at oilprice.com ...
The horror!
That oil didn't float to the surface on its own.
Go to work in the patch at 20 below. Or 105 above, if you prefer.
Put your money on the line and try to profit off the hard work, not to mention the foreign markets, the leftist politicians, judges and AOC-type "socialists" who believe oil to be the scourge of the earth.
Likely you have no idea of the boom and bust realities in the oil fields, affecting everyone from wildcatters to food, auto, construction and other workers, right on up to the bosses of Exxon.
Out of curiosity, what is that you would gladly sell below market prices?
The death toll from all opioids in 2018 - legal and illegal - was about 48,000.
48,000 is less than one tenth of one percent of the USA adult population - that is not an epidemic.
Also, almost 50% of opioid prescriptions are billed to Medicaid, the federal health program for low income persons and families.
Many of those prescriptions end up being sold, pill by pill, on the street.
Finally, 65% of emergency room visits for opioid overdose are billed to Medicaid.
Media efforts to portray this issue as a middle and upper middle class “epidemic” are completely false.
Oil’s about $13 below it’s 12 month high. (Brent’s about $14 off it’s 12 month high). Gasoline is $.25 a gallon off it’s 12 month high. And Natural gas is pretty close to it’s 12 month low.
Never hear of a seep?
LOL!
Re: Post #23
I wasn’t wearing my reading glasses when I scanned the headline.
I thought “oil” was “opioid.”
Wow! What an incredible goof!
There is no peak oil in terms of extraction. As to refining capacity, yes.
He did not.
It’s interesting reading that the quote is found in an alcohol anonymous book.
“No disruption to speak of...it is already crawling back down ....a brief hiccup nothing more.”
WHAT !!!!!!! Where the hell are you seeing that!!!!
Gas is up to $2.85/gal ($.10 in the last week) here in NH and it seems to keep climbing a few cents every 3 - 4 days.
Even diesel is going up (and the heating season is coming to an end) ... what is up with that!!
Why do I think the gas/diesel prices will continue to creep up for at least ... oh say 18 months to around $4.50 / $5 a gallon to make sure that Trump get the blame and voted out.
I've been wondering that, too.
I was reading all of your information on your article page. Awesome job!
I especially like your 0.04 percent comment on how much carbon dioxide is in the atmosphere and how many polar bears remain after All Gore was born. Lol.
Should be just about in time for the introduction of the Hydrino-based energy system.
News: https://brilliantlightpower.com/news/
Demo of reactor operating:
https://brilliantlightpower.com/wp-content/uploads/video/Sept5-400.mp4
Turn arounds...
corn does NOT belong in gasoline
Peak oil!
I don’t think we’ve reached peak opioid yet. But you never know.
I’m not going to look. Sounds like a weird trick to me!
Government mandate to move to more expensive summer blend that is more environmentally friendly, combined with most plants doing maintenance in the warmer summer months that traditionally have better weather.
The findings from the model indicate that the current disruption will likely cause prices to increase sixty-six percent at their peak. Roughly speaking, Brent will rise to between $114 and $126 per barrel.
x x x x x
That statement from the article above was written a month ago. Today Brent is 64.49 https://www.bloomberg.com/quote/CO1:COM and WTI 53.50 https://www.bloomberg.com/quote/CL1:COM this shows the risk of betting on oil prices.
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