Oil & Fuel Dire fuel predictions

[RalphVa]

Here's the cause for it:

I just did an astonishing calculation.

Say 100 million SUVs getting an average of 18 mpg. This is probably an average between an Suburban & an Explorer.

Say the same 100 million number, but getting CAFE (corporate average fuel economy for cars) mileage of 27 mpg. This is an AVERAGE, not the tops.

Say both of these go 12,000 miles/yr. This is about an average miles/yr. for most vehicles.

The difference in fuel consumption is 1.45 MILLION Barrels/day. At 50% yield on crude, this is near 3 MILLION B/D of crude oil, about 1/5 of the US capacity and = to 6 of the largest US refineries (A barrel is 42 gallons, if you want to do the same calculation.)

Talk about demand. NOW, who is causing the price of crude to go up due to this demand?

Not me. All my vehicles get the CAFE average for cars. Ones even a truck. It should get its 27 mpg after its 120k mile tuneup.

 

[5030]

</font><font color="blue" class="small">( Shoot I might even lose some weight.. /forums/images/graemlins/grin.gif I have already stopped smoking, chewing, and drinking whiskey because of high prices. /forums/images/graemlins/frown.gif

Charlie )</font>

Where do you want me to deliver the coffin??

You might as well roll over and die /forums/images/graemlins/smirk.gif

 

[Lazy]

Hi
I hear that.. /forums/images/graemlins/smirk.gif

charlie

 

[5030]

Charlie:

By the way, the price of lumber is up. There will be a 25% surcharge on the delivered price, excluding the fuel surcharge that will be applied to reflect the increased fuel price.

In closing, the price quoted for the coffin will only be good for 24 hours due to market fluctuations.

Enough said..... /forums/images/graemlins/grin.gif


I just can't resist leading someone down the hallowed path and then smoking them like a cheap cigar!! I apologize in advance.

 

[5030]

JDGreen 227:

That Gulftane was high buck. I remember Sunoco 260 for 25.9 per gallon. 2 bucks got my 'vette to the drive in. 10 bucks was an expensive date, dinner included. The 'vette was really popular with the girls but real bad for having any "fun" in.

Today, you have regular, mid grade and premium. The premium is water compared to the Tetra-Ethyl lead laced brew of the '60's Now if you have a high compression motor you have to buy aviation gas or order your fuel from Summit in 55 gallon drums. Kids today missed the boat, or should I say, the boat sunk. /forums/images/graemlins/frown.gif

 

[OkeeDon]

</font><font color="blue" class="small">( ...and then smoking them like a cheap cigar!!)</font>

Newsflash! Cheap cigars have been banned, because the gov figured out that the kids were buying them, hollowing them out and using them as wrappers for funny tobacco. Also, the cost of almost-cheap cigars has risen because the taxes have been increased.

 

[zuiko]

I don't have a problem with gas prices and I drive 30k miles a year. Gas prices go up and down, nothing is going to change that. Oil prices crashed several years back in the late 90s, so a lot of marginal wells and businesses were closed, removing capacity from the system.

I don't see how a huge gas tax is the answer to high gas prices. I just don't see the logic there.

Or increased CAFE standards. If you don't like the price of gas, drive a gas/electric hybrid that gets 50mpg, but don't take choices away from other people.

Refining is not a business I would want to be in. With how capital intensive it is, environmental regulations, potential for accidents etc. Maybe that is why there is a shortage of capacity. Same reason CA doesnt have enough power plants to keep the lights on.

BTW, gas was over $2.80/g inflation adjusted in 1981.

 

[5030]

I always thought that inflation was part of the dairy business. Inflations are for use in the milking parlor. /forums/images/graemlins/confused.gif

 

[AndyM]

<font color="blue"> Oil prices crashed several years back in the late 90s, so a lot of marginal wells and businesses were closed, removing capacity from the system. </font>

I remember two adjoining years that had extreme lows and highs back to back. I recall paying $0.679 one year and $2.049 the very next year for unleaded regular. This was either 1998-1999 or 1999-2000.

I told my wife then that once you factored in the 40.5 cent (at the time) per gallon state and federal taxes, the gasoline was almost free except for what the government was getting.

I also remember paying $1.09 for diesel as recently as 2002.

What changed? /forums/images/graemlins/confused.gif

Is American oil companies' greed as much to blame as OPEC's supply reductions?

 

[jmc]

RalphVa,

That's the best way to look at the need for conservation- not your just your personal use but your personal use multiplied by the entire population that lives like you do. The amount of power to do some insignificant thing, like blow dry my hair in the morning, probably requires an entire coal train for the whole country's morning routine. Every morning.

John