Dude, you know I love you, but don't give Stumbler fuel. Lots of the crap we're dealing with now happened under Bush. For instance, the EPA does not have to give consideration to an industry's technological and economical abilities to meet its mandates (which is why all the refineries and coal plants are closing, yet the EPA doesn't care). George W did that to us. Not Obama.

The problem I have with Obama is that W is not in charge anymore. Obama is. And All Obama can do is blame the other guy. Obama is not a leader. He's a snake oil salesman who can't seem to stop meddling in local police actions and can't learn to shut his fucking trap in front of live mics.

 

I never said that Bush didn't do some of this,,because he had his hands in the cookie jar too,,I saying,,Obama doubled down on it,,that can not be denied.

.........AND......dont tell me you love me,,unless you mean it

 

Absolutely. His Green ideology is wasting billions and weakening us. Crap. Krauthammer said it better than I ever could. I posted the article way up on this thread, and everyone ignored it. Believe me, I am not giving Obama a pass here. I just want it FIXED, and I don't see Obama as part of the solution.

I guess what I am saying is, how much do you really expect the moron to do about it? He's completely useless.


P.S. I do mean it. Honestly. That doesn't mean I'll post tits. If Stumbler doesn't see'em, neither do you.

 

Clarise

The ethanol subsidies and mandating a mix for driving is a nightmare and have driven fuel + food costs up and the mix gets less miles per gallon along with the fact 85% of the modern engines are not built to handle it.
The damn stuff does damage to the engines.

Three refineries in the northeast have shut down because low profit margins. Two in the Gulf are down for maintenance but we have a stockpile of gasoline build up and backing up right now. 1.3 billion barrels of gasoline added this week. We are running out of space to put the shit and the XL Pipe line from Cushing Ok is being built now to the Gulf to ship this stuff off because of the back log.

Valeo is a piece of shit management team. Almost the end of the quarter lets see what the majors report for earnings but I bet they are record returns. Lets start with ExonMobil when we check.

The price is being fueled by speculators playing on mid-east fears plain and simple.

 

I understand,, there is not 1 pic of me on the web,,ooh,,there is one,,my wife put it on facebook,,her account,I dont have an account,,if I want social interaction,,I come here....

Keep the anonymity,,it suits you,,your tits,,if you have a couple,,are the size that I make them

 

Yep I queued up for nearly an hour yesterday to get fuel, it's a bloody joke!

All this fuss by the people over the pond on $4 a gallon, I wish.
Wait until they have to pay £1.46 a litre for fuel I can hear the kick offs from here!

 

April 28, 2011

Oct. 27, 2011

Jan. 31,2011

XOM stock price




It is nice to own XOM stock and I wonder what this qtr report will say?

 

Published: Tuesday, 7 Feb 2012 |​

BP Profit Jumps; Company Boosts Dividend

The energy giant posted fourth-quarter replacement cost profit of $7.61 billion, up from $4.61 billion during the same period last year.​

The oil company increased its dividend by 14 percent, to 8 cents per share.


Stripping out one-offs, the company's profit was was $4.99 billion, in line with an I/B/E/S consensus forecast of $4.89 billion,

although one analyst said the result was benefited from a lower than expected tax rate.​

http://www.cnbc.com/id/46287263/BP_Profit_Jumps_Company_Boosts_Dividend​

​

 

Royal Dutch Shell​

Thursday 29 March 2012​

Shell profits jump 54pc despite tough fourth quarter​

Royal Dutch Shell's reported a 54pc jump in full-year profits to $28.6bn (£18.1bn) last year, despite a tough fourth quarter in which the oil giant reported a loss in its "downstream" refining and marketing division.​

High crude oil prices helped to compensate for tough refining margins and lower North American natural gas prices. ​

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9056153/Shell-profits-jump-54pc-despite-tough-fourth-quarter.html​

 

US Petroleum Inventories Jump, Imports Rise Sharply

Posted: March 28, 2012 at 10:43 am​

The US Energy Information Administration (EIA)
released its weekly petroleum status report this morning. US commercial crude inventories jumped by 7.1 million barrels last week, bringing the total US commercial crude inventory to 353.4 million barrels, around the upper limit of the five-year range for this time of the year.​

A Platts survey provided a consensus estimate for a weekly inventory gain of 2.75 million barrels, while the American Petroleum Institute had noted an inventory gain of 3.6 million barrels. ​

The unexpectedly large increase in inventories, coupled with the rumors of a co-ordinated release of crude from national strategic reserves (our story here) are pushing crude prices down sharply this morning.​

Total gasoline inventories fell by 3.5 million barrels last week and remain in the upper limit of the five-year average range.​

Over the last four weeks, gasoline supplied has declined by -6.1% compared to the same period last year. Total motor gasoline supplied averaged 8.4 million barrels/day for the four weeks.​

For the past week, crude imports averaged 9.3 million barrels/day, up by 1 million barrels/day from the previous week. ​

Refineries were running at 84.5% of capacity, with daily input of nearly 14.5 million barrels/day, up by 88,000 barrels/day from the previous week.​

The rise in imports and in refinery utilization and inputs indicates that more refined products are being exported as US drivers

continue to drive less.​

Read more: US Petroleum Inventories Jump, Imports Rise Sharply - 24/7 Wall St.http://247wallst.com/2012/03/28/us-petroleum-inventories-jump-imports-rise-sharply/#ixzz1qWFPtgiR​

 

Then it sure begs the question if oil company profits are up, and if the amount of gasoline is increasing how come the price of gasoline keeps going up even as oil prices continue to fall?

http://www.bloomberg.com/energy/

 

FORBES

3/28/2012 @ 4:41PM ​

http://www.forbes.com/sites/thestreet/2012/03/28/another-sign-oil-prices-dont-reflect-reality/​

Another Sign Oil Prices Don't Reflect Reality​

Why are crude oil futures for delivery three years from now $30 cheaper, or almost $1 a gallon less, than current oil prices?​

That just doesn’t seem possible, unless the oil trade is totally overrun with speculators andFed-inspired cheap-money investors.

On CNBC on Friday, I got into a discussion with an executive at one of the larger derivative brokerages about the amount of speculation and investor interest in the oil markets today.​

For any company, there is one primary instrument to trade: its common shares. But with oil futures, you have a multitude of monthly deliveries — and you can trade any of them at any time.​

In other words, futures don’t need to be forward-looking. They are in fact real forwards — with an expiration date attached to every investment or hedge you choose.​

If you want to bet that an event will happen that will affect oil prices three months from now or three years from now, you need not buy physical “oil” or today’s closest month to delivery. You can buy or sell oil that delivers exactly when you think that event will occur.​

Most investors probably don’t even know this.​

​

But it is more than telling that futures for delivery in December 2015 Brent crude oil traded at the IntercontinentalExchange (ICE) are almost $30 lower than the current spot price.


One of three things is going on here.

Either all of the oil analysts who are talking about increasing emerging-market demand and dropping marginal supplies and continual long-tail geopolitical risks over the next several months and years are all wet.​

​

Or much of that $30 premium is composed of investment and fund speculation, driven by commodity indices, exchange-traded funds and hedge funds. This speculation is hiking prices and punishing consumers at the gas pumps.​

​

 

Wow that is a very good question.

And the other thing I'd like to know is who much oil are we trading here? During the previous record of $140 per barrel they were trading 20% more oil than actually existed.

 

I have said it before but I feel the current break even for all oil, deep water and land is around 55 bucks.....break even out here in west Texas is around 30 bucks..

70 to 80 bucks is a fine profit and should be the real price of oil which would lead to about 2.80 gallon gas...

A lot of the oil we are importing right now is being refined and exported to world markets mainly because we are so efficient at refining.

Americans have done their part by higher milage cars and driving less but they continue to do right and get the shaft !!

 

I've watched since the 1970's and the phony oil embargo and energy crisis.

I'd watch the news clips of lines of cars stretching for a mile waiting to get gasoline and then we'd drive out to the rig and see crude oil overflowing storage tanks and them digging earth pits to catch the over flow.

 

LOL...we stopped putting together Limited Partnerships for oil drilling in 1982...WHY...because there was so much damn oil the price was 10 bucks a barrel....

The main reason break even is 55 bucks up from the 10 dollar back then is because the US Dollar is so fucking weak....we just continue to deflate the dollar by printing money.

I still can't help to remember the stories my Grandad would talk about when oil was at a DIME a Barrel....1929...

Here is where he got his start in 1923


More on Speculators

 

Damn those are standard derricks in that photo, back when the rigs were wood and the men were iron.

And the more daylight and information we can shed on the speculators and the oil futures market the better off we are because they are now more powerful than the world oil monoply and OPEC combined.

That was self evident when they took off with oil prices back in 2008 and not even OPEC could stop them by trying to flood the market with increased production.

 

Thanks, Randy...that's good knowledge.