Posted on 12/06/2014 12:16:40 PM PST by Kaslin
Saudi has not been producing or exporting any significant increase of crude oil. It is essentially only North America that has had real production increases, mostly in the US.
The price drop from the Market Panic came from OPEC (basically Saudi) did not decide to reduce their production to drive back up the price of oil. Too many were betting this was going to happen and the market price reflects that surprise.
“democrats live in an alternate universe”
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I think that would make a good title for a book and I believe I could probably write it if I were to get serious. It would probably be a rather thick one if you included a lot of examples to illustrate the meaning.
It absolutely lowers MPG, when you had a choice between pure gasoline and ten percent ethanol and the price differential was fairly small I ran careful mileage trials and my MPG with ten percent ethanol was eight percent lower than with straight gasoline. This means that if you could have taken the ten percent ethanol out of a gallon you could have gone almost as far on the 9/10ths of a gallon of pure gasoline that was left as you could go on the full gallon of the ten percent ethanol blend. This combined with other things means that putting ethanol in gasoline is one of the stupidest things ever done on the planet. It has caused the waste of billions upon billions, maybe trillions by now of dollars.
Every penny not paid to an Arab for oil, is a penny less they have to pay the Jihadists.
It's made from the same stuff!
So does my wife.
She claims the gas I produce could fuel the lawnmower!
Diesel used to be a lot cheaper than regular gas, now its double
Thank the EPA and ultra low sulfur diesel requirements.
But it will change in the near future. EPA is bring the price increase to gasoline with ultra low sulfur requirements for it as well.
Here in Central Indiana, diesel is 90¢ more than gas.
Before the drop, it was within 20-25 cents.
Agreed it has not dropped as much. I searched for a decent discussion of the difference last night without finding one. I was guessing the timing of heating fuel may play a part but the difference seems larger than that.
Since 2008, we've increased our domestic supply of oil by 50 percent. Thanks to technological breakthroughs such as hydraulic fracturing ("fracking") and horizontal drilling, we're able to find and extract far more oil than we possibly could have years ago.States which block fracking or allow municipalities to block it, should be subject to an additional federal excise tax, or better yet, shouldn't be able to vend hydrocarbon fuels, period.
Quite right — the world economic slowdown led to stagnation in the growth of demand for petroleum, and the Saudis want to restore their former level of influence over OPEC, while cratering the NeoSoviet empire’s finances. Saudi Arabia, unlike the Iranian mullahcracy, has some common interests with the US.
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