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Oil dropping along with gas----will Americans continue their "stupid amnesia"?
Me ^ | 8/4/2022 | Me

Posted on 08/04/2022 10:24:02 AM PDT by mikelets456

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To: mikelets456

Did you get suckered into buying an EV, Oh my


41 posted on 08/04/2022 11:53:57 AM PDT by butlerweave
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To: woodbutcher1963

We need to fill up one of our tanks and are carefully watching fuel oil prices.

When it looks like they have bottomed out, we’ll buy it, whatever it costs. We really have to as our driveway is long and steep enough that if it’s snowy or icy, no fuel truck will be coming up it.

With that in mind, we are currently actively working on our woodpile. We got some from a friend that needs to be split and stacked and seasoned, but at the moment, God provided us with more than enough wood for this winter.


42 posted on 08/04/2022 11:56:22 AM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith…)
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To: jmacusa

“We’re not all Lefties here in NJ, ok?”

LOL-—I lived in NJ (Marlton) for 30 years——I know they’re all not leftists. But many conservatives have fled the state. It’s sad-—we loved it there but it’s way too expensive even in South Jersey.

From PA, it’s customary to bust on NJ— :)


43 posted on 08/04/2022 12:07:30 PM PDT by mikelets456
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To: butlerweave

++++Did you get suckered into buying an EV, Oh my+++++

No, but last year I traded in my POS Hyundai SFS sport and got a RAV4 hybrid —only because it’s got “balls” compared to the ICE Rav4. Also, we saw this coming (gas prices) and prayerfully ended up with a hybrid. It was time to scale back and I got about about what I paid for my Hyundai, so it was a no brainer.
46 MPG on average is nice as well.


44 posted on 08/04/2022 12:12:03 PM PDT by mikelets456
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To: mikelets456

So it’s NOT the Putin tax hike or the war in Ukraine?

I’m so confused.


45 posted on 08/04/2022 12:14:57 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: mikelets456

I’m happy to see fuel prices drop- even if it means recession in the midterm. Folks’ votes matter. When the establishment convinces or connives to get the foolish policies we currently see into place, there ya go. Of course, the general uniformed public (democrat/republicrat/uniparticrat) all think it is up to govt to solve their problems.

I’ll RV as proves drop, tweak my spending/savings plan a bit to assure a return on investment, celebrate with my family- you see, the Lord God Almighty is my economist and provider. In Him I trust.

Everyone else pays cash! (or trade in kind).


46 posted on 08/04/2022 12:31:30 PM PDT by Manly Warrior (US ARMY (Ret), "No Free Lunches for the Dogs of War" )
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To: HereInTheHeartland

Drop in demand for oil is a LAGGING economic indicator.


47 posted on 08/04/2022 12:34:22 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: mikelets456

Don’t count them out just yet.

I must confess they put a smile on my face in 2016.

Of course electoral fraud may make it a moot point as in 2020.


48 posted on 08/04/2022 12:37:59 PM PDT by TheDon (Resist the usurpers)
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To: mikelets456

Was filling up the tank this morning at a local discount buyers club. Usually the pumps are 3-deep all the way across. I was one of 4 cars. Less than half the lanes were pumping. Gas prices are down a bit because demand seems to be slumping.


49 posted on 08/04/2022 12:43:42 PM PDT by Tallguy
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To: mikelets456
1 Train has 100 cars, 2 engines and weighs 27,240,000 LBS

1 Train carries 3,000,000 gallons of oil. 1 train uses 55.5 gallons of diesel per mile.

It takes 119,000 gallons of diesel to go 2150 miles from Hardidsy, AB to Freeport, TX.

Keystone pipeline was to deliver 34,860,000 gallons of oil per day.

It would take 12 trains and 1,428,000 gallons of diesel to deliver that amount. PER DAY!

521,220,000 gallons of diesel per year.

The oil will still go to market with or without the pipeline.

By stopping the pipeline billions of gallons of diesel will be wasted and pollute needlessly. Does that make you feel good?

Stop the Tar Sands all together? Then we must ship the oil from the overseas sandbox.

1 large oil tanker can haul 120,000,000 gallons of oil

1 boat takes 15 days to float across the Atlantic.

1 boat uses 63,000 gallons of fuel PER DAY, that is about 1 million gallons of the most polluting type fuel in the world PER TRIP. *(See below)

Or take 3.5 days of Keystone Pipeline to move the same amount of oil with a fraction of the pollution.

In international waters ship emissions remains one of the least regulated parts of our global transportation system. The fuel used in ships is waste oil, basically what is left over after the crude oil refining process. It is the same as asphalt and is so thick that when cold it can be walked upon. It's the cheapest and most polluting fuel available and the world's 90,000 ships chew through an astonishing 7.29 million barrels of it each day, or more than 84% of all exported oil production from Saudi Arabia.

* (this is the below mentioned above)

Shipping is by far the biggest transport polluter in the world. There are 760 million cars in the world today emitting approx 78,599 tons of Sulfur Oxides (SOx) ANNUALLY. The world's 90,000 vessels burn approx 370 million tons of fuel per year emitting 20 million tons of Sulfur Oxides. That equates to 260 times MORE Sulfur Oxides being emitted by ships than the WORLDS ENTIRE CAR FLEET. One large ship alone can generate approx. 5,200 tons of sulfur oxide pollution in a year, meaning that 15 of the largest ships now emit as much SOx as the worlds 760 million cars

Eliminate all gas consuming cars and diesel vehicles?

Worldwide car gas consumption is 403,583,712,000 gallons a year. That's Billion.

Worldwide oil consumption is 1,500,000,000,000 gallons a year. That's Trillion.

It takes 2.15 gallons of oil to make 1 gallon of gasoline/petrol, and 0.6 gal of diesel.

So it takes 867,704,980,800 gallons of oil to run the worlds cars, most diesel vehicles for a year and some ships

That leaves 632,295,019,200 gallons of oil for other uses.

Passenger vehicles are only a very small percentage of the problem. If emissions are the problem why not just capture them at the exhaust? Create an industry to clean exhaust instead of crushing an entire industry and building a complete untested, replacement industry?

So, are we willing to dramatically increase mining to get all the minerals necessary to make all these batteries and electric motors? Mining is far worse for the environment than oil extraction.

Killing Keystone was glibly decided by EMOTIONAL IDIOTS WITHOUT FACTS OR BRAINS! DESTRUCTIVE idiots who are fooling America to boost their standing with foreign paymasters.

SOURCE

50 posted on 08/04/2022 12:48:55 PM PDT by Robert DeLong
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To: metmom

You don’t even need to crack eggs to tell if they’re good or not. Just put them in a bowl of water.

Egg sinks = It is good to use.

Egg stands on its point = Use soon.

Egg floats = It’s bad. Toss.


51 posted on 08/04/2022 12:49:43 PM PDT by FormerFRLurker
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To: FormerFRLurker

So simple, even a liberal can do it.


52 posted on 08/04/2022 12:55:13 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith…)
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To: 1Old Pro

It’s already $3.69 in Wisconsin Dells, a bit North of Madison. $3.89 further North. Price may drop further after summer vacation ends.

There is more oil in the system, as Russia trades with 1/2 the world and that supply is fungible. We had to wait a few weeks ago for a huge, empty coal train to pass after delivering to a nearby power plant. Our prices are up for electricity via a surcharge, but it isn’t yet disastrous.

Was there a trucker strike outside California? Or did the threatened rail strike materialize?

Lots of doom-mongering and head fakes around.

OTOH, IIRC, deflation can often precede collapse. Demand destruction?


53 posted on 08/04/2022 12:59:17 PM PDT by reformedliberal (Make yourself less available.)
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To: reformedliberal
US Retail Gas Price is at a current level of 4.304, down from 4.44 last week and up from 3.232 one year ago.

3.69 is what they call an outlier.

54 posted on 08/04/2022 1:01:55 PM PDT by 1Old Pro
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To: 1Old Pro

Cenex stations around here are often .10-.20 lower than the Kwik Trips.


55 posted on 08/04/2022 1:07:55 PM PDT by reformedliberal (Make yourself less available.)
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To: Robert DeLong

This is great info-—thanks


56 posted on 08/04/2022 1:47:21 PM PDT by mikelets456
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To: mikelets456

We were very upset about the price of gas rising to $3.25 - now it may seem “low” by comparison. Yes, unfortunately, some people will be “satisfied” with this price of gas even though they were outraged by it not too long ago.


57 posted on 08/04/2022 1:51:04 PM PDT by Republican Wildcat
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To: mikelets456

I thought it was. I got it in an email, and said to myself, this would fit in nicely with your post. So, I shared it. 🙂


58 posted on 08/04/2022 1:51:26 PM PDT by Robert DeLong
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To: mikelets456

I grew up in “Pavement Narrows’’ NJ :-)


59 posted on 08/04/2022 9:45:53 PM PDT by jmacusa (Liberals. Too stupid to be idiots. )
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To: mikelets456

South Carolina. Most of what we need is also available, most of the time. But I’m old enough to remember when all of the groceries we needed or just wanted were always available. Every once in a while a favorite product was unavailable, but that didn’t happen very often. And if it did, there was usually a similar product that would do in a pinch, and the favorite product was back on the shelf the next week. It wasn’t a constant battle to figure out how to substitute and do without. As long as we can survive on what’s available I guess we should be satisfied, but I’m not.


60 posted on 08/04/2022 10:47:10 PM PDT by BykrBayb (Lung cancer free since 11/9/07. Colon cancer free since 7/7/15. PTL ~ Þ)
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