BMEWS
 
When Sarah Palin booked a flight to Europe, the French immediately surrendered.

calendar   Saturday - August 06, 2016

go green!

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meanwhile ...

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Posted by Drew458   United States  on 08/06/2016 at 09:49 AM   
Filed Under: • Oil, Alternative Energy, and Gas Prices •  
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calendar   Friday - November 06, 2015

screw you America

Obama Kills Keystone XL Pipeline

President Obama announced Friday that he has rejected Canadian energy giant TransCanada’s application to build the Keystone XL pipeline, saying that the pipeline was not in the U.S. national interest.

“The State Department has decided the Keystone XL pipeline would not serve the interests of the United States. I agree with that decision,” Obama said at a White House press conference.

The announcement caps a 7-year saga that has become one of the biggest environmental flashpoints of Obama’s presidency. It comes just days after the State Department refused to agree to TransCanada’s request to suspend the review process on the controversial project, which has seen enormous opposition from environmental groups.

Killing the pipeline allows Obama to claim aggressive action on the environment. That could strengthen his hand as world leaders prepare to finalize a major global climate pact next month in Paris that Obama hopes will be a crowning jewel for his legacy.

Alberta-based TransCanada first applied for Keystone permits in September 2008—shortly before Obama was elected. As envisioned, Keystone would snake from Canada’s tar sands through Montana, South Dakota and Nebraska, then connect with existing pipelines to carry more than 800,000 barrels of crude oil a day to specialized refineries along the Texas Gulf Coast.

Greenies, Bernie Sanders, and other anti-Americans had their knickers in a twist because the oil was so dirty. But golly, isn’t that what specialized refineries are all about? Tar sand sludge in, fuel, lubricants, and petrochemicals out.

Don’t worry about Canada though. The Red Chinese will only be too happy to buy up every drop if the Canucks can turn the pipeline to the right and run it to the Pacific coast.

Obama. BOHICA.  His environmental policy is just as daft as his foreign and economic policies. GYMFOOYA.

Republicans called the decision disappointing.

“President Obama’s rejection of the Keystone XL Pipeline is a huge mistake, and is the latest reminder that this administration continues to prioritize the demands of radical environmentalists over America’s energy security,” said. Sen. Marco Rubio, R-Fla.


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Posted by Drew458   United States  on 11/06/2015 at 06:22 PM   
Filed Under: • Oil, Alternative Energy, and Gas Prices •  
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calendar   Sunday - October 25, 2015

A Glowing Report

First New US Nuclear Reactor In Almost 20 Years Soon Coming Online

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[10/22/15] Federal regulators today approved an operating license for TVA’s Watts Bar Unit 2, allowing the first new American nuclear plant to begin operation in nearly two decades.

The U.S. Nuclear Regulatory Commission today approved an operating license for the second reactor at Watts Bar, nearly 43 years after the regulatory agency first granted a construction permit for work to begin on the nuclear plant near Spring City, Tenn. The license allows TVA to load nuclear fuel into the new unit and begin testing of the equipment and likely produce power by the end of the year.

NRC commissioners this spring authorized William Dean, director of the NRC’s Office of Nuclear Reactor Regulation, to grant the operating license once TVA met all of its regulatory requirements. The last nuclear unit to get an operating license in the United States was Watts Bar Unit 1 in February 1996.

“This achievement signifies more than a stage in construction for TVA,” President and CEO Bill Johnson said. “It demonstrates to the people of the Valley that we have taken every step possible to deliver low cost, carbon-free electricity safely and with the highest quality.”

Construction of both units at Watts Bar began in January 1973, but work was suspended in 1988 when TVA halted its entire nuclear program due to safety concerns. Watts Bar Unit 1 was finished and licensed in 1996, and work on Watts Bar Unit 2 was restarted in 2007.

Horry Clap. How on earth did Obama’s EPA let this one slip through the cracks??

Unit 2 (and the currently operational Unit 1) are both Gen II four-loop pressurized water reactors, built by Westinghouse. Generally, Gen II reactors are distinct from more modern Gen III reactors in that Gen III offers improved safety, increased efficiency, and simpler, more reliable designs. For example, four reactors based on the more modern Gen III design, known as AP1000, are currently being built in the U.S. Compared to a Westinghouse Gen II PWR, the AP1000 contains 50 percent fewer safety-related valves, 35 percent fewer pumps, 80 percent less safety-related piping, 85 percent less control cabling, and 45 percent less seismic building volume.

While some media sources try to subtly stoke your unease by implying that the new reactor is out of date and therefore unsafe, keep in mind two things. One, that the original design was approved more than 40 years ago. Shifting over to a new Gen III design would mean that the entire development, inspection, and permitting process would have to begin anew, which could take several decades. Two, the reactor next to it, Unit 1, is also a Gen II design and has been chugging away for decades. So has nearly every other nuclear generator in the nation.

And of course there are those who object to the utility company running a little side business with the government. No, not cooking up plutonium for bombs. Just tritium for gun sights. Because we can’t use all that terrible radium like we used to in the 50s and 60s ...

TVA’s production of a key nuclear weapons component at its Watts Bar Nuclear Plant is expected to boost tritium levels within the plant above its prescribed limits this year even before the utility decides whether to more than double its production of the radioactive material.
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In a letter sent to the Nuclear Regulatory Commission and released this week, TVA says it expects its production of a bomb material for the military will boost tritium levels within the reactor core above the authorized annual levels sometime later this year. But J.W. Shea, vice president of nuclear licensing for TVA, said the release will not exceed any allowable levels for releases outside of the plant or pose any threat to TVA employees.

“There continues to be no significant radiological environmental effect associated with the Tritium Production Program,” Shea said in a letter to the NRC. “TVA has not, nor do they believe they will, exceed any regulatory limits for tritium release into the environment.”

But the notice of higher tritium releases within the plant’s containment system comes as TVA considers plans to more than double its production of tritium for the military. TVA is completing an environmental review of the impacts of producing more tritium for the military at Watts Bar.

Ok, they use tritium in H-bombs too. But it’s a second or third level catalyst or something like that. It ain’t the part that really goes boom.

So one new “old school” reactor coming soon, 4 new “modern” ones on the way. So five new nukes coming in the next decade? Awesome. That’s nearly 5% of the number we actually need.

Jenkinsville SC - Virgil C. Summer Nuclear Generating Station - 2 new units under construction, both Gen III designs, 1.1gW each, online before 2020
Waynesboro GA - Vogtle Electric Generating Plant - 2 new units under construction, both Gen III designs, 1.1gW each, construction began 2013

Click here for more on those projects.


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Posted by Drew458   United States  on 10/25/2015 at 01:14 PM   
Filed Under: • Oil, Alternative Energy, and Gas Prices •  
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calendar   Monday - August 03, 2015

Still Waiting

What Goes Up, Must Come Down. Unless It’s Gas Prices.

Hey, remember early this Spring, when the price of gas dropped like a rock for a few weeks, and you could actually get a tank or two of regular for $1.89/gallon? That was because the price of crude dropped below $50/bbl. Then the oil price rose again, and we heard about scheduled maintenance, and the usual seasonal BS about switching from winter blend to summer blend, even though the switch is actually done in mid-May, not early April.

Right. But crude for under $50, right? You mean, like right now?

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Ok. Gas prices have dropped a bit here, from around $2.69 to about $2.39 for a gallon of regular. But they’re not dropping anywhere near as fast nor as far as they did in the Spring, when crude actually cost a bit more.

Why? Who knows? Which crock of crap would you like to hear this time?

Follow this link for a whole basket full of well reasoned petro-bromides, none of which I believe for a second. The price of gas isn’t falling because they’ve got you by the shorties, and you’ll pay. Period. So take a spoonful of petro-bismol and shut up.

Oh, and have you noticed that it’s only Regular (which is the 87 octane crap they used to call Economy, but worse; at least old school Economy gave you 87 octane from gasoline. Today’s “87 octane” “Regular” derives at least 5 points from all the ethanol in it [damn you Booosh!!], so the gasoline part of it is utter piss) 87 octane gas that’s cheap? Step up a miniscule 2 points to 89 octane Plus and the price jumps 15¢. Yikes. It’s only half that to take the next step to 91 octane Super, and another nickel or so to reach lofty 93 octane Premium, which is going for around $2.75 at even the discount stations.

$1.49 for 87, $1.59 for 89, $1.79 for 91, and $1.94 for 93. With no ethanol in any of them.  That’s what gas ought to cost.

UPATE Looks like my crystal ball still works. Headline today at Drudge: Oil Falls Below $50

Oil sinks to six-month low amid weak data, slump in gasoline
Oil sank to six-month lows on Monday with Brent crude falling below $50 a barrel on sluggish U.S. and Chinese economic data and bets for weaker gasoline consumption in the United States after tearaway demand earlier in the summer.

Evidence of growing global oversupply and a stock market collapse in China, the world’s largest energy consumer, have weighed on oil for weeks, leading in July to U.S. crude futures’ largest monthly decline since the 2008 financial crisis.

On Monday, the rout deepened as U.S. gasoline fell its most in a day in 10 months.

Supply worries aside, traders pinned the latest losses on sluggish U.S. and Chinese data.

U.S. consumer spending advanced at its slowest pace in four months in June as demand for automobiles softened. Growth in Chinese manufacturing, meanwhile, unexpectedly stalled in July.

“Economic weakness has set the tone,” said Matt Smith, director of commodity research at ClipperData, a New York-based energy database.

“But the gasoline crack spread is also unraveling,” Smith said, referring to the difference between gasoline and U.S. crude prices, which sets the profit margin for refiners.

Brent , the global benchmark for crude, was down $2.35, or 4.5 percent, at $49.86 a barrel by 2:05 p.m. EDT. Brent’s session bottom of $49.52 was the lowest since Jan. 30.

U.S. crude was down $1.75, or 3.7 percent, $45.37.
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Gasoline fell about 5 percent, its most in a day since Sept. 2. The gasoline crack, or spread with U.S. crude , narrowed to below $26, its lowest in more than a week.

So now we can add “Chinese stock market crash” to the other floaters in the big crock of reasons.

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The market is still open so the daily graphs aren’t up yet. But the price is down. Time to start watching the pumps?


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Posted by Drew458   United States  on 08/03/2015 at 01:16 AM   
Filed Under: • Oil, Alternative Energy, and Gas Prices •  
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calendar   Tuesday - March 17, 2015

As Usual I Don’t Get It

Oil Continues Drop After Hitting Six-Year Low

Oil prices fell 2 percent on Monday, with U.S. crude hitting six-year lows, on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market.

A market data provider estimated a fresh build of more than 3 million barrels at the Cushing, Oklahoma delivery point for U.S. crude futures last week, traders said, adding to worries that stockpiles in the United States could hit record highs for a tenth straight week.

In Libya, output has risen to around 490,000 barrels per day (bpd), double that of a few weeks ago, an industry source said.

The United States and Iran, meanwhile, inched toward a landmark nuclear agreement that would result in the removal of sanctions against Tehran, although differences remained. Iran said it will boost oil exports once the sanctions are lifted.

Brent’s expiring front-month contract closed down $1.23 and went off the board at $53.44 a barrel, hitting a six-week low of $52.50 earlier.

U.S. crude futures settled down 96 cents at $43.88. It had tumbled nearly $2 earlier to a March 2009 low of $42.85. Technical analysts see the next low at $37.

The selloff in crude extended to refined products, with gasoline ending nearly 2 percent down and heating oil about 1 percent lower.

Really? Lowest price in 6 years, and going lower every day?

Then why on earth is the price of gas up 40¢ per gallon from where it was just 5 weeks ago?

Gas dropped below $2 for the first time in ages, then quickly fell to only $1.79 here; in one place local I saw it going for $1.69.  But after a week, it zipped right back up, and has been at $2.19 - $2.39 locally for at least the past 10 days.

And don’t give me that “seasonal changeover” malarky. Not only do the refineries know to the hour when their changeover will take place, the storage tanks are bulging at the seams all over the country. So there is plenty of gas to go around. And I get the feeling that in Spring and Fall, either seasonal blend will work just fine, regardless to what RVP it’s blended to. But far more importantly, the seasonal switch takes place in April to May. Not late February to early March, when Winter could be sticking around for several more weeks.

Whatever. So we get jacked with a price bump twice a year to pay the refineries to do the job they’re already in business to do. Ok, we got the bump early this year, but bump time is over. Now let’s see that gas price drop again. Only this time, with the “lowest prices in 6 years, and still falling” I want to see $1.49 gas.

And I want to see the Republican majority Legislative Branch end the gasahol ethanol “experiment”. We can do it if we need to, but we don’t need to and it artificially raised the price on everything, food included. So no more corn liquor gasoline. That ought to cut another 15¢ off the price. So we could be talking $1.35, but the corn-hole-ahol thing will take a year or two to clear out. But it was stupid, we don’t need it, and we don’t need the inflation that came with it. Time to kill this program stone fucking dead.

And I’d like to see a push back against local, state, and federal governments: On our jobs we swear, not even a fraction of a cent in additional fuel (or usage or mileage or registration or new vehicle) taxes, fines, fees, tolls, penalties, or executive directives for the next 8 years, to get the economy rolling again. Maybe make it 12 years. Even sponsoring such a bill gets you fired. Signing it gets you fired and costs you every cent of your pension, health insurance, and every other government goody out there.  They have no sacred honor, so make them pledge their wallets. All newly elected representatives required to sign or they vacate their position immediately. Oh, and issue a new “EPA mandate” setting more realistic MPG goals; the ones Osockspooge came up with are asinine greenie wet dreams. Time for a smack down.


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Posted by Drew458   United States  on 03/17/2015 at 01:34 AM   
Filed Under: • Oil, Alternative Energy, and Gas Prices •  
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calendar   Wednesday - January 14, 2015

Obama Slams EPA Brakes On Recovering Economy?

Cheap Gas? Obama: New Methane Limits For Fracking!!!

The Obama administration pushed new regulations Wednesday aimed at cutting methane emissions from the natural gas sector, calling the proposed rules a needed step to address global warming as industry groups warned the move would threaten “America’s energy renaissance.”

Relying once again on the Clean Air Act, the rules—the first of their kind—join a host of others that President Obama has ordered in an effort to slow global warming despite opposition in Congress that has only hardened since the midterm elections.

Although just a sliver of U.S. greenhouse gas emissions, methane is more powerful than carbon dioxide at trapping heat in the atmosphere.

The White House set a new target for the U.S. to cut methane emissions by 40 percent to 45 percent by 2025, compared with 2012 levels. To meet that goal, the Environmental Protection Agency will issue a proposal affecting oil and gas production, while the Interior Department will update its standards for drilling to reduce leakage from wells on public lands.

The American Petroleum Institute, which represents the oil and gas industry, decried the proposal—questioning why the government would seek new rules when methane emissions have fallen.

“Even with that knowledge, the White House has singled out oil and natural gas for regulation,” API President Jack Gerard said in a statement.

He predicted emissions would continue to fall without government intervention, but said, “another layer of burdensome requirements could actually slow down industry progress to reduce methane emissions.”

Further, he said new regulations “could threaten the shale energy revolution.”

“We need our government to implement sound policies, but this plan seems to be based on politics,” Gerard said.

Yeah, well, no kidding. Even when the economy had the audacity to start to heal, all based on the success of the petro industry DESPITE all this regime’s new rules and regulations and refusal to allow use of federal land, refusal to sign Keystone XL, and so on, now that gas is getting close to being affordable once again for the first time in ages and ages, now the leftist tree humper wants to throw another big speed bump in the way, to take away any hope we might finally have a bit of positive change? Because of Global Warming? As another polar vortex grips the nation for another winter, and snow falls in Saudi Arabia for the 3rd year in a row? That one? The one that doesn’t friggin’ exist?

How much is it going to take to throw this bum out?

Do I need to ask, whose side is this guy on?

The oil and gas industry has insisted such rules aren’t necessary because the industry is already working to reduce methane leakage. After all, methane is natural gas, so the less that leaks during production, the more of it that companies have left to sell.

“We’re doing a good job,” said Howard Feldman, the regulatory director at the American Petroleum Institute. He noted that existing pollution rules on smog-forming pollutants have had the added benefit of cutting methane. “We don’t think it’s necessary to go after methane in any way, shape or form.”

Well duh. Like business is going to just piss away income that they have the ability to collect? So they need new rules to stop them? What kind of commie thinking is that?


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Posted by Drew458   United States  on 01/14/2015 at 08:02 PM   
Filed Under: • EconomicsObama, The OneOil, Alternative Energy, and Gas Prices •  
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calendar   Tuesday - January 13, 2015

wrong, baby, wrong

Obama, Dems, Bass-Ackwards As Usual



Back when gas topped $4 a gallon, Republicans chanted “drill, baby, drill” at rallies across the country—arguing more domestic drilling would increase supplies, reduce dependence on foreign oil and boost the U.S. economy.

Democrats, almost universally, mocked the GOP plan. In 2012, President Obama called it “a slogan, a gimmick, and a bumper sticker ... not a strategy.”

“They were waving their three-point plans for $2-a-gallon gas,” Obama told a laughing audience during an energy speech in Washington. “You remember that? Drill, baby, drill. We were going through all that. And none of it was really going to do anything to solve the problem.”

“‘Drill, baby, drill’ won’t lower gas prices today or tomorrow,” Rep. Janice Hahn, D-Calif., echoed on the floor of Congress in 2012. “But it will fuel our addiction to fossil fuel.”

Today, Democrats are singing a different tune, as increased domestic drilling has led to a record supply of domestic crude, put some $100 billion into the pockets of U.S. consumers and sent world oil prices tumbling.

The price of a gallon of regular gasoline on Monday was $2.13 nationwide, and below $2 in 18 states.

“Of course [Obama] was wrong. We’ve seen oil prices fall internationally now by half since last June,” said American Enterprise Institute economist Ben Zycher. “The U.S. is now the biggest oil and gas producer in the world, or almost that, and the effect has been to drive prices down as we’ve seen.”

Most of the domestic increase is due to “fracking” for tight oil in shale deposits across the U.S., as well as advances in directional drilling, where numerous pipelines diverge from a single platform in numerous directions, for a large cost savings.

But the gains, according to oil experts, come off private, not federal, lands.

Oil production on federal lands—those under the president’s control—fell 6 percent since 2009, according to the federal Energy Information Administration, while production on private lands increased 61 percent.

Democrats. Wrong on foreign policy. Wrong on domestic policy. Wrong on big government. Wrong on taxation. Wrong on damn near everything. As usual.

Oh, and BTW ... gas prices are dropping like a rock in the UK too. Petrol has hit 99P ... which is something like a buck fifty PER LITER, which works out to $5.70 US dollars per American gallon. And they think that’s cheap.

A new petrol price war erupted yesterday on the back of falling oil prices and the first 99p per litre forecourt in Britain for more than five years.

Asda sparked a 2p per litre price cut as the three other ‘Big Four’ supermarkets - Morrisons, Sainsbury’s and Tesco – swiftly followed suit.

Price cuts will ‘ripple’ through the nation’s forecourts by putting pressure on other retailers to match them or lose business.

But it also led to calls for the Chancellor to cut fuel tax which now accounts for more than 70p in every pound spent at the pumps – the highest proportion for six years.

Obviously too many Democrats and other thud-brained leftists over there as well.

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Posted by Drew458   United States  on 01/13/2015 at 03:10 PM   
Filed Under: • Democrats-Liberals-Moonbat LeftistsObama, The OneOil, Alternative Energy, and Gas Prices •  
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calendar   Thursday - January 08, 2015

frozen in place, all fracked up

Crivens, it’s COLD. Brrrr.

Must get going anyway. Things to do. Places to be. Shopping. Food. Bank. Gas. Stuff.




Gasoline has gone down in price here again, and is now hovering just over $2/gallon locally. I LOVE IT. I was actually expecting it to break $2 by the end of 2014, but no big deal if I’m off a week or three.

On that note - cheap gas - here’s the next FACE OF FEAR: fracking causes earthquakes.  We. Are. All. Gonna. Die!!! 

That’s right, the technology that’s literally opened up an entire world of recoverable energy is going to destroy the planet. Odd how the last 50 years of fracking haven’t done a thing, or how the mid-American plate area has had some amazing earthquakes in the past - fer instance, the New Madrid quakes of 1811/12 where more than 14,000 tremors rocked the land for months - but hey, no matter, why should we let facts get in the way?

And now it’s literally the end of the world, with a massive bottomless pit opening up in YouCan’tGetHereSki Russia, caused by Satan’s Double Whammy Combination of fracking and global warming. Seriously, I can’t make this stuff up.

http://grist.org/news/fracking-is-definitely-causing-earthquakes-another-study-confirms/
http://earthquake.usgs.gov/earthquakes/eventpage/usc000tcfw#summary

As is the case elsewhere in the world, there is evidence that some central and eastern North America earthquakes have been triggered or caused by human activities that have altered the stress conditions in earth’s crust sufficiently to induce faulting. Activities that have induced felt earthquakes in some geologic environments have included impoundment of water behind dams, injection of fluid into the earth’s crust, extraction of fluid or gas, and removal of rock in mining or quarrying operations. In much of eastern and central North America, the number of earthquakes suspected of having been induced is much smaller than the number of natural earthquakes, but in some regions, such as the south-central states of the U.S., a significant majority of recent earthquakes are thought by many seismologists to have been human-induced.

So here we go again. Hey, what if we sacrificed eggs, salt, gluten, trans-fat, and the term “epic” to the earthquake goddess? Would that save us?


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Posted by Drew458   United States  on 01/08/2015 at 04:10 PM   
Filed Under: • Oil, Alternative Energy, and Gas Prices •  
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calendar   Thursday - December 11, 2014

A Moderate Muslim Speaks

A Crusade By Any Other Name

no no no, call it a “War On Theocrats”

but don’t mention that islamist theocracy is the only theocracy that needs fighting against



better than silence, I guess


Daniel Pipes: An Arab prince denounces Islamism

[ Sort of. Mostly. ]

In a remarkable but thus-far unnoticed address on Dec. 5, Salman bin Hamad Al-Khalifa, the crown prince of Bahrain (an island kingdom in the Persian Gulf and home to the U.S. Navy’s Fifth Fleet), candidly analyzed the Islamist enemy and suggested important ways to fight it.

Prince Salman, 45 and widely acknowledged to be the Bahraini royal family’s principal reformer, opens his remarks by addressing the inaccuracy of the phrase, “War on Terror.” The time has come, he says “for us to get rid of” a term that dates back to 9/11. “It is a bit misleading, it is not the entirety and the totality of our conflict” but merely a “tool” and a tactic.

He goes on in flawless English [ Pipes, you RAYCIS bastard! ] to place the current conflict in historical context: “If I think back in the last century, we faced a very different foe. We faced communism and we faced it together. But when we faced communism we understood it as an ideology. Terrorism is not an ideology.”

He notes that “we are not only fighting terrorists, we are fighting theocrats.” As Salman uses this term, theocrats are men “placed at the top of a religious ideology who [have] the power by religious edict to strip someone … of their hereafter – and use [religious power] for political gains.” They are also tyrants, isolationists, and misogynists who will need to be fought “for a very long time.” He scorns them for being “very much like the seventeenth century” and having “no place in our modern twenty-first” century.

He urges us “to discard the term ‘War on Terror’ and focus instead on the real threat, which is the rise of these evil theocracies”; to this end, he proposes to replace “War on Terror” with his formulation: a “War on Theocrats.” This concept, he hopes, will make it possible to “start to put together the military, social, and political – and maybe even economic – policies in a holistic manner to counter this, as we did with communism.” In perhaps the outstanding line of the speech, he states that “it is the ideology itself that must be combatted. It must be named, it must be shamed, it must be contained, and eventually it must be defeated.”

Read the rest to see how he dithers and avoids “saying the ‘I word’ “, and also the interesting news that the UAE (United Arab Emirates, a country over there) has just placed CAIR (the American group Council on American-Islamic Relations) on it’s list of terrorist organizations. Dig that. A group of Arabs is calling a spade a spade, and labeling an American PAC a terrorist group. Damn straight, Skippy!

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Meanwhile, perhaps coincidentally, the khanjars are out, as the OPEC states continue their backstabbing game of “Et tu, Achmed”:

Oil prices plummet worldwide as OPEC infighting intensifies
Open sniping between leading members of OPEC put new downward pressure on oil prices, with the price of benchmark U.S. crude falling another 5 percent, or $3.07, to $60.75 a barrel in trading Wednesday. Oil prices, which topped $107 this summer, have now fallen more than 40 percent since June.
...
In a clear dig at global leader Saudi Arabia, Iranian President Hassan Rouhani Wednesday angrily denounced what he called a “conspiracy against the Muslim world” in the cartel’s failure to cut back production even as prices have plunged. With far lower production costs, Saudi Arabia and other Gulf producers can still turn a healthy profit even at today’s current depressed prices, while higher-priced producers such as Iran, Venezuela and Russia cannot.

Many in Iran, a Shiite-dominated regime, see the oil price fall as an extension of the battle for influence in the region with Saudi Arabia and its Sunni allies in the region.

“The fall in crude price is not merely an economic issue,” Mr. Rouhani told reporters in Tehran. “Iran and people of the region will not forget such conspiracies — or, in other words, treachery — against the interests of the Muslim world.”

A top Iranian oil official on Tuesday warned an industry conference in Dubai that unless leading producers can find common ground, the world could be looking at prices as low as $40 a barrel in the coming months.

Works for me. Both parts. It IS a crusade, and the price of oil can’t drop fast enough or far enough in my opinion. Winter is upon us, and people need fuel oil at a good price. Plus, cheap gasoline and diesel will get the economy rolling again. Literally. Gas is now $2.49 or less around here, at just about every gas station in 3 counties. Good. That makes it only $1/g more expensive than it should be. Get the price down to $20/bbl so that only the Saudis are pumping, then suck them dry.


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Posted by Drew458   United States  on 12/11/2014 at 03:03 PM   
Filed Under: • Oil, Alternative Energy, and Gas PricesRoPMAWar On Terror •  
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calendar   Thursday - December 04, 2014

Cheaper By The Day

$1.99 Gas !!!



And I thought things were really looking up when the price at our local station dropped to $2.53 yesterday.

A gas station in Oklahoma City has won the race to $2 gas.

GasBuddy.com said Wednesday an OnCue Express in Oklahoma City dropped its price 12 cents to $1.99 a gallon, becoming the first U.S. station to charge less than $2 a gallon since July 2010.

In a post on GasBuddy’s website, senior petroleum analyst Patrick DeHaan said drivers in Texas, South Carolina and Missouri may soon see $2 gas as well. Areas near Houston, Spartanburg and St. Louis are currently the lone metro areas within 20 cents of reaching the milestone.

Gas prices have rapidly declined in recent months, following in the footsteps of a selloff in oil. On Wednesday, West Texas Intermediate crude oil futures recovered 50 cents to settle at $67.38 a barrel, but New York Harbor gasoline dropped to a five-year low of roughly $1.80 a gallon.

As of Wednesday afternoon, Americans are paying an average of $2.74 per gallon, 51 cents cheaper than a year earlier.


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Posted by Drew458   United States  on 12/04/2014 at 02:07 PM   
Filed Under: • Oil, Alternative Energy, and Gas Prices •  
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calendar   Saturday - November 01, 2014

Middle of the Night posts: Gas is Cheap

Man oh man, you know we’ve been living with over the top prices for too long, when the price of gas finally drops to merely only a dollar a gallon more than what it ought to cost, and the news articles are asking “What does this mean?” Well, to be short, and crude, it means the trickle down has gone down your leg and is forming a puddle on the floor. In terms of world economics.

Around our end of Hunterdon County, and up into Warren County, regular gas, cash price, around $2.69/gal now. That’s down $0.06 since last week, but a month ago it was over $3, and hadn’t been below that since ... forever? Since Bush? Seems like.

Gas to be under $3 for 1st time in 4 years: Why, what it means, and how it compares to milk

( I don’t know about you, but my car runs like crap on milk. )

NEW YORK – The sight is so surprising that Americans are sharing photos of it, along with all those cute Halloween costumes, sweeping vistas and special meals: The gas station sign, with a price of $2-something a gallon. [ really? Those New Yorkers must be visiting New Jersey. NY’s 75¢/gal tax will keep their gas way over $3 for a long time to come. What cracks me up is that if the price really bottoms, and the rest of us are paying $1.50, NY gas will still be >$2, and the people just might realize for once how seriously their state is sticking it to them at the pump; at that price, the state tax is a solid third of the pump price. Add in the fed tax, and we’re looking at just about half. Sucks, huh? ]

“It’s stunning what’s happening here,” says Tom Kloza, chief oil analyst at the Oil Price Information Service. “I’m a little bit shocked.”

The national average price of gasoline has fallen 33 cents in October, landing Friday at $3.00, according to AAA. Kloza said the average will fall under $3 by early Saturday morning for the first time in four years.

When the national average crossed above $3 a gallon in December of 2010, drivers weren’t sure they’d ever see $2.99 again. Global demand for oil and gasoline was rising as people in developing countries bought cars by the tens of millions and turmoil was brewing in the oil-rich Middle East.

Now demand isn’t rising as fast as expected, drillers have learned to tap vast new sources of oil, particularly in the U.S., and crude continues to flow out of the Middle East.

Seasonal swings and other factors will likely send gas back over $3 sooner than drivers would like, but the U.S. is on track for the lowest annual average since 2010 — and the 2015 average is expected to be lower even still.

Here are a few things to know about cheap gas:

— Crude prices came off the boil. Oil fell from $107 a barrel in June to near $81 because there’s a lot of supply and weak demand. U.S. output has increased 70 percent since 2008, and supplies from Iraq and Canada have also increased. At the same time, demand is weaker than expected because of a sluggish global economy.

— In the past, a stronger economy in the U.S., the world’s biggest consumer of oil and gasoline, typically meant rising fuel demand. No longer. Americans are driving more efficient vehicles and our driving habits are changing. Michael Sivak of the University of Michigan Transportation Research Institute calculates that the number of miles traveled per household and gallons of fuel consumed per household peaked in 2004.

The article goes on further, but those first two points cover it:

* Despite all of Obola’s efforts to stop drilling and fracking, US oil companies are tapping into massive quantities of new hydrocarbons. And while this is great, and where the energy stimulus money OUGHT to have gone (new refineries, Keystone XL, etc) to make America stronger, right now Obamanomics (tax and spend, borrow and waste, steal and bloat) is helping flatline the whole world.

* While some of us do have newer, more fuel efficient vehicles, a huge number of us no longer have jobs, or the Big Career job that was worth the Big Commute. The Walmart is right here on the other side of town, within bicycle distance if the weather isn’t too bad. Did you want paper or plastic?

Oh, and milk? Beats me. It’s 4 in the morning. Go read the article. Milk prices suck, having tripled in teh past 5 years I think. She-it, a friggin’ quart here costs $1.99 I think. If I don’t think about it, my brain wants to tell me that milk costs $2.49/gal. And I know that’s a few years out of date.

Gasoline is cheaper than milk again. In September the national average price of milk was $3.73 per gallon. The annual average for milk is on track to be more expensive than the annual average for gasoline for the first time since 2011.

Fine. What-evs. I can remember milk at 79¢/gal, but that’s ancient. I know that $15 used to fill up my 1997 Saturn’s 12 gallon tank at some point, and that was with real gasoline, not this wimped out ethanol added crap. But I’ll get on board here: let’s get gas down to $1.29/gal. And milk back to $1.49. Because honestly, only cheap food, cheap fuel, and lower taxes are going to get the economic fires burning again.


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Posted by Drew458   United States  on 11/01/2014 at 06:53 AM   
Filed Under: • EconomicsInflation and High PricesOil, Alternative Energy, and Gas Prices •  
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calendar   Saturday - October 18, 2014

cheap gas

I was going to post and say how gas here in NJ, up in Warren County, seems to be more than a dime cheaper, averaging about $2.84 (regular, cash price) with a low of $2.81.

But a quick look online and it seems my cheap corner of low fuel tax NJ isn’t cheap by any means; snooty little Westwood up in Bergen County near the NY line has gas for $2.49, 35¢ less. Wow. And that’s almost nothing: several states now have gas selling in the $2.30s bracket.

Guess that greedy Gulf station out by the highway trying to get $3.95 is in for a rude awakening.  And it’s about time.

Gas prices across the U.S. are dropping fast, with the national average nearing a four-year low.

“The national average is down ten cents week-on-week. That’s a huge movement in the national average,” GasBuddy analyst Patrick DeHaan said, adding that in his five years watching gas prices, they generally move only by half of a penny or a penny a day.

...

The price drop is due to a combination of seasonal and geopolitical factors. While gas prices generally drop in the fall, as demand slows down and Americans switch over to cheaper winter gasoline, DeHaan said added to the current drop is an OPEC-fueled price war. 

Lower gas prices generally encourage consumers to get out of their houses and do some fall shopping. Compared to last year, American drivers are saving $75 million each day, due to lower prices at the pump. But DeHaan said that worries over Ebola could eventually keep some shoppers home, causing gas prices to drop even further.

...

6 U.S. States with the Lowest Gas Prices

1. Missouri: $2.83/gallon

2. South Carolina: $2.93/gallon

3. Tennessee: $2.94/gallon

4. Oklahoma: $2.94/gallon

5. Minnesota: $2.95/gallon

6. Mississippi: $2.95/gallon

I have no idea why Humboldt TN, halfway between Nashville and Memphis, should have the lowest prices in the country, averaging $2.32. Tennessee state fuel tax is 39.8¢; 7¢ higher than the NJ tax. Which implies NJ gas could be selling for $2.25 if they can get the same source prices as TN. And I can’t see why not, as NJ pumps 10 times as much gas I’m sure.

Still, until I can run my old Saturn down to fumes before filling up, and then fill up the nearly 12 gallon tank for $20, then gas costs too much. That’s about $1.75/gal, a decent price under Booosh. And I want that to be all gasoline too. Let’s shitcan the idiot ethanol thing already.


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Posted by Drew458   United States  on 10/18/2014 at 02:52 PM   
Filed Under: • Oil, Alternative Energy, and Gas Prices •  
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calendar   Friday - September 26, 2014

Excitement At The Pumps

Good grief.

Gasoline is selling for $2.99.9 at the no-brand station down the road here. It’s been that price for about 3 days now, and today my $20 bought me 6 2/3 gallons. Half a tank. So in my mind, gas is only twice as expensive as it ought to be.

I haven’t seen gas at this price in ages. Last Fall, just before Thanksgiving? And IIRC, it was only there for about a week, then went up again.

And I hear it might be heading your way eventually; NJ has just about the least state taxes added on to a gallon of gas, so we’re the low price leader almost always. Some states, like NY, tack on 79¢ or more. Greedy bastiges.

[ September 24, 2014 ] The price of a gallon of gasoline may soon start with a “2’’ across much the country.

Gasoline prices typically decline in autumn, and this year they are being pulled even lower by falling global oil prices. By the end of the year, up to 30 states could have an average gasoline price of less than $3 a gallon.

The average in Springfield, Missouri, is already below $3, according to Tom Kloza, chief oil analyst at the Oil Price Information Service and GasBuddy.com. Several other cities are on the brink.

“And there will be more, many more,” Kloza said. Cities in high-priced states such as California and New York will not be among them, though, which will probably keep the national average above $3.

At the current national average of $3.35 a gallon, gas is a dime cheaper than a year ago at this time. The gap is 20 cents or more in seven states, including California, Kansas, South Dakota and Connecticut, according to AAA.
...
Last year, the national average fell 28 cents per gallon between Sept. 1 and Dec. 31. This year, gasoline had a head start. It entered September at its lowest level for the beginning of the month in four years - and the price of crude oil was rapidly heading lower.

The drop in global crude oil prices is a surprise. Despite increasing violence and turmoil in the Middle East, the world’s most important oil-producing region, the global price of oil has fallen to $97 a barrel, close to its lowest level in more than two years.

That’s partly because new technology has allowed U.S. drillers to consistently increase production from fields in North Dakota and Texas, adding to global supplies. At the same time, world demand is not growing as much as anticipated because of slower economic growth in China and Europe.

Yeeehaa for competition and capitalism!! Woo hoo!! In your face, camel lips!!

[ November 2013 ] The last time New Jersey saw the average gas price below $3 was on Jan. 13, 2011. After that, the foundering economy, coupled with unrest overseas, helped create an especially volatile oil market. Gas prices began a seesaw pattern that steadily ticked up. It wasn’t until September that prices began a near daily drop, and that has continued ever since.

Around the country, Arkansas, Missouri, Oklahoma and Texas already have average gas prices below $3.

But even with the lower prices, volatility is a problem and analysts say the fuel system is increasingly vulnerable to short-term shocks because refiners try to keep stocks of gasoline low to save money.

So my bit of NJ has had a price dip below $3/gal starting in September 2014, one that ran a week or two in mid-November 2013, and another short relief in mid-January 2011. For the most part, plain old 87 octane “Regular” (87 used to be called “Economy") has been over $3/gallon for almost all of the Obama Regime.



But hey, remember back in 2007, when we had that summer spike, and $3/gallon gas was the end of the world? How little we knew; hardly a year later we’d do it all over again, only much harder.

[ May 2007 ] Prices break record for 10th day in a row, topping $3.20 a gallon; New Jersey only state left with an average price under $3

Gasoline prices broke a record Tuesday for the 10th day in a row as every state except for New Jersey now has an average price above the $3 a gallon mark in AAA’s daily survey.

The latest reading from the motorist group Tuesday showed the nationwide average for a gallon of regular unleaded hit $3.209 a gallon, up from $3.196 on Monday. The group’s survey of 85,000 gas stations, by far the broadest sampling of gas prices, has been showing a series of record high prices starting May 13.
...
Before this recent run of record-high gas prices, the highest price ever recorded in current dollars was $3.057 in the AAA survey, which was set Sept. 4 and Sept. 5, 2005, in the wake of Hurricane Katrina. That storm disrupted refinery operations and pipelines and caused a temporary spike, sending prices above the $3 mark for eight days.

The only other time that the AAA national average has topped the $3 mark was in August 2006, after Israel invaded Lebanon and oil futures shot higher. Gas prices then reached as high as $3.036 during that 19-day spike


Yep. Then there was the nasty Spring and Summer of 2008. The speculators went wild, crude hit $145/bbl, gas prices topped out at what, $4.11?  About 35¢ more per gallon than what we’ve lived with now for years. And it was the End Of The World. Because Bush was President you know, so this was the never ending catastrophe that the talking head commies in the MSM prattled on about 24 hours a day. And then, somehow, around early August the price of crude dropped. Like a bomb. And went from over $140 to about $100 per bbl in a month. And by the time of the 2008 elections, gas was selling at or below $2/gallon here in NJ. And when the Big O took power, gas was something like $1.79. And it’s never been so inexpensive since.

Remember, the price of gas is NOT news. Because. Obama. You racist.


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Posted by Drew458   United States  on 09/26/2014 at 05:43 PM   
Filed Under: • Oil, Alternative Energy, and Gas Prices •  
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calendar   Thursday - August 21, 2014

And The End Approaches, Now Even Faster

ISIS Earns >$1 Million Per Day

Selling Crude Oil At A Discount Under The Table

Bloody marvelous.  And it’s been going on for months now.

Islamic State’s thirst for blood has the world on edge, but its equally insatiable yearning for oil could prove a “catastrophe” for the global economy if the terror organization isn’t stopped, experts say.

The jihadist group, formerly known as ISIS, now controls seven oil fields and two small refineries in northern Iraq, bringing in as much as $2 million per day by selling up to 40,000 barrels via middlemen in illicit deals. The black market oil sells for roughly $25 to $60 per barrel, compared to the current market rate of $102, according to Luay al-Khatteeb, founder and executive director of the Iraq Energy Institute. And while this is a veritable drop in the global bucket of oil production, the crude spigot will continue translating into terror funds for Islamic State militants if unchecked, al-Khatteeb and other experts told FoxNews.com.

“Unless we choke this organization’s revenues, and the areas it’s able to access revenues, it’s going to keep growing,” said Denise Natali, a senior research fellow for the Institute for National Strategic Studies. “The Iraqi government has announced it now, but this has been going on for months.”

A source close to the matter told London-based newspaper Asharq Al-Awsat that Islamic State is selling Iraqi oil to Kurdish traders in regions bordering Iraq, Iran and Syria before being shipped to Pakistan, where it’s being sold for less than half of market rates.

While production within those oil fields is globally insignificant, it does directly power the extremist group, offering the militants a degree of fiscal autonomy, according to al-Khatteeb.

“They’ve become very much self-sufficient,” he told FoxNews.com. “They control about 60 percent of Syria’s producing fields in its oil-rich eastern region. In Iraq, they control about seven oil-producing fields and two small refineries with a potential output of 80,000 barrels. And the black market is expanding into Turkey, which is becoming the main beneficiary of that market.”

Wait, so the very same Kurds that ISIS is busy shooting and beheading are the people buying up the illicit oil? Or are these Turkish Kurds, who - in a gesture of complete tribal solidarity - couldn’t give a rat’s ass about what happens to Iraqi Kurds on the other side of the mountain? But hey, all the oil - and the money - stays within the islamic world, so no harm, no foul. Right?

Funny thing ... back before Gulf War One, the hippie-dippy left was running around protesting “No blood for oil” when it came time to free Kuwait from occupation and enslavement. What will they say now, or next month, when the West will have to go in and destroy ISIS one goat humper at a time, and take back those oil fields in the process? Because if they don’t, the world will have an ever increasing, insane, psychopathic murder machine on it’s hands, funding themselves to the tune of half a billion or more per year.

Kind of makes me wonder ... do the muzzies really want to stop ISIS? Or is that just lip service to keep the stupid West sending in more aid, more supplies, and more weaponry. And they just sit back and let somebody else do the dirty jihad work for awhile. If the Caliphate wins, they win. (assuming that ISIS stops killing the locals and starts focusing on the West, as they seem to be starting to do?)

What if the entire civilized world went on a crash course to convert to natural gas, and from then on in only used petroleum to make plastics and synthetic rubber?

“Haha Infidels, the Caliphate controls all the oil in the Middle East! You will pay dearly now!!”
“Um, no thanks, sorry, we don’t want any of that stuff any more.”

Because I’m pretty sure there isn’t a single LNG plant anywhere over there. Not one. And the US, Canada, and the Soviet re-Union have oceans of the stuff. Maybe Brazil and Venezuela do too?


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Posted by Drew458   United States  on 08/21/2014 at 07:51 PM   
Filed Under: • Oil, Alternative Energy, and Gas PricesWar On Terror •  
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