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6.95 for a gallon of regular in LA ?
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Replies: 37  

6.95 for a gallon of regular in LA ?

[2]
Mar 5, 2022, 10:29 PM
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F going green ! Drill baby, drill !!! I ain’t buying no Prius...

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Re: 6.95 for a gallon of regular in LA ?


Mar 5, 2022, 10:32 PM
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$4.25 nationwide will be here next week


Mar 5, 2022, 10:46 PM
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Refined gas closed up $0.30 on Friday. Already seeing up to $4.49 in Atlanta.

And we really haven’t seen summer demand start. $5.00 this summer everywhere.

Rumors are WH will ask for more remote working in the next week or two if this rise continues. We haven’t sanctioned Russian oil but no one is willing to buy it for fear of being cancelled.

Shell caved and bought at tanker at $28/barrel. That’s a $90 discount.

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Russian is sour


Mar 6, 2022, 9:55 AM
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Most recent priceI I see is $88/barrel. Still a good discount for RD.

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Re: Russian is sour


Mar 6, 2022, 1:30 PM
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I was using Brent as the benchmark so the delta probably wasn't as great. You're correct.

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Also went back and RBOB was up $0.85 last week...


Mar 6, 2022, 1:33 PM
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Pump prices are about to get crazy.

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Re: 6.95 for a gallon in LA ? Russia vs. Oil for Food


Mar 5, 2022, 11:11 PM
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Countries / Companies that continue to buy Russian oil will get a discount (and therefore an economic advantage) over their 'no buy from Russia' competitors.

This is a sequel of the corrupt-as-H_ _ _ former Oil for Food program.

EU countries / EU refiners got big discounts for laundered oil-for-food from Saddam Hussein's Iraq (between 1991 and 2003). This was a competitive advantage for them.

Guess which countries are among the world's largest consumer of petroleum products?

One of them is P.R.China. Either P.R.China itself, or other countries that will ignore (through their actions) any moratoriums on buying Russian oil will get a big leg up.

The countries / companies that either go along (or are forced to go along) with not buying Russian oil will pay more. The consumers / general public in those 'good guy' countries will be facing big time inflation ... not just at the gas pump, but also with plastics, packaging, tires, etc.

Hang on to your boots ... big time inflation has just gotten started.

BTW, Biden will undoubtedly release oil from the strategic petroleum reserve (SPR), but a lot of USA refineries are not set up to process the grades which are in the SPR. So that P.R. move by Biden won't make much of a difference ... except by friendly to the Biden Admin news outlets.

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You have it backwards


Mar 6, 2022, 11:52 AM
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Most US refineries can handle any grade. We have better desulfurization capabilities than refineries in many other countries. You just don’t need it with sweet grades.


Message was edited by: AustinPounders®


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Re: You have it backwards


Mar 6, 2022, 10:14 PM
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Dear AustinPounders®.

Thanks for your post. It got me off my a_ _ to check out your understanding of oil / oil refineries. A sincere 'thank you' for that.

(This post isn't intended to refute in its entirety your post, but rather to provide context.)


From the US EIA (Energy Information Administration): Attributes of crude oil at US Refineries vary by region.

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https://www.eia.gov/todayinenergy/detail.php?id=8130

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Refining capacity in the Gulf Coast has large secondary conversion capacity including hydrocrackers, cokers, and desulfurization units. These units enable the processing of heavy, high sulfur (sour) crude oils like Mexican Maya that typically sell at a discount to light, low sulfur (sweet) crudes like Brent and Louisiana Light Sweet. Many East Coast refineries have less secondary conversion capacity, and in general they process crude oil with lower sulfur content and a lighter density. This lighter, lower sulfur crude oil commands a premium price on world markets.

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Re: You have it backwards


Mar 7, 2022, 5:36 AM
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Some more context for you is the proportion of refining that is on the gulf coast. If you haven’t worked/visited or driven by the big ones in tx and la, they are bigger than you can imagine.

But there aren’t “many” east coast refineries. There are a few; capacity used to be about 15% of the total.

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Re: You have it backwards


Mar 7, 2022, 12:52 PM
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Thanks for the extra context. Good job.

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Re: 6.95 for a gallon of regular in LA ?


Mar 5, 2022, 11:35 PM
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you are not going to have much of a choice, virtually all new car sales in ten years will be fully electric, even sooner for some brands like Jaguar. And yes, you can tow a boat with them, except the gas for the boat will cost too much. They also go 0-60 in under 3 seconds.

We will also need electric boats.




Message was edited by: Tigerbalm1®

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If that is the case we will also need to increase our


Mar 6, 2022, 8:48 AM
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Electric production 30 to 40 percent. So how? Coal fired? ### a pristine river? Build a nuke plant? 10 million more acres of solar panels? Windmills everywhere?

Energy is a zero sum game.

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Tough times create strong men.
Strong men create easy times.
Easy times create weak men.
Weak men create tough times.


Re: If that is the case we will also need to increase our


Mar 6, 2022, 8:54 AM
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it is what the car manufactures are saying. Jaguar will be fully electric in its entire model line-up by 2025, Toyota 2031, GM 2035, etc..

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End of line electricity is only 3-5% efficient...


Mar 6, 2022, 9:04 AM
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That means for every 100 watts generated at the power plant, your home get 3 to 5 watts usable.

We could easily double efficiency, but due to the thousands of utility providers, it will be a tough task.

This will likely be required by west coast utilities first then work its way east. And not because they will be better, but because they are out of power and the east has plenty.

Heck, most utility companies here give you free or extremely discounted charging overnight.

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Re: End of line electricity is only 3-5% efficient...


Mar 6, 2022, 9:40 AM
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That doesn’t sound correct unless you are including the thermal efficiency of the power generation in that number. I thought transmission losses are just a few percent.

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Re: End of line electricity is only 3-5% efficient...


Mar 6, 2022, 1:31 PM
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I think it takes in to account everything. A few years back I went to an energy conference in DC about the grid and efficiencies in the grid that could be used to help.

The bottom line was the grid is pretty inefficient and having umpteen thousand providers make any worthwhile upgrade nearly impossible unless the Feds pay for it.

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Re: End of line electricity is only 3-5% efficient...


Mar 6, 2022, 1:58 PM
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You start off losing about 50% of the energy in the heat/work conversion and then a few percent in transformers and transmission lines. I can see how you get down to 35-40%, but not 3-5%.

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Re: End of line electricity is only 3-5% efficient...


Mar 6, 2022, 2:43 PM
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So really we don't need to generate any more power. Just get a little more efficiency out of line transmission and we got it made. You just backed up the argument for green energy.

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Re: End of line electricity is only 3-5% efficient...


Mar 6, 2022, 2:46 PM
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What makes it green? Coal power uses transmission lines as well.

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Re: End of line electricity is only 3-5% efficient...


Mar 6, 2022, 6:15 PM
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There's thousands of ways to generate electricity. You are using the narrative that there will not be technological advances in batteries and electrical generation/transmission.

But according to ZJ, we can double our energy capacity just by increasing efficiency from 5 to 10%. Imagine if we increased efficiency to 50-75%. LOL

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10 million acres of solar panels

[2]
Mar 6, 2022, 12:13 PM
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China makes em cheep

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Re: 6.95 for a gallon of regular in LA ?

[1]
Mar 6, 2022, 9:00 AM
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Follow the science dude. Carbon footprint is not less for the life-cycle of an EV. Your echo chamber won't let you know that, however.

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Re: 6.95 for a gallon of regular in LA ?


Mar 6, 2022, 11:06 AM
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I did the science, as did every person who does not power their homes 24/7 with a gas powered generator. I'll let you think good an hard on that.

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Re: 6.95 for a gallon of regular in LA ?

[1]
Mar 6, 2022, 12:17 PM
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Yea, N.C. homes use lithium ion batteries. Duh.

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Why are you not powering you home with Gasoline?


Mar 6, 2022, 1:04 PM
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it is obviously the best fuel source. If it is true in cars, it must be true with your home too. Why aren't you off the grid with a gas generator?

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Re: Why are you not powering you home with Gasoline?


Mar 6, 2022, 2:29 PM
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Re: Why are you not powering you home with Gasoline?


Mar 6, 2022, 2:45 PM
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So, you are powering your home with lithium batteries?

When electricity becomes the best way to power cars. Govt subsidies will not be needed.

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When all the green subsidies add up to


Mar 6, 2022, 4:00 PM
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10% of the oil/gas subsidies we’ve funded, I’ll be long gone. What do you think the trillions we spent on wars in the middle east were about?

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So where's all that oil when we need it? It was more about


Mar 6, 2022, 4:37 PM
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the MIC making money and about destabilization for the sake of Israel than anything else.

Why haven't the Saudis filled the void?

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At these prices, they are ramping production up as fast


Mar 6, 2022, 7:06 PM
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as they can. There's always a lag - prices and demand were very low in 2020, so domestic production decreased. It's ramping back up now. There's no magic switch like so many seem to think.

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You aren’t wrong, but the price of crude isn’t just a


Mar 6, 2022, 10:12 PM
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Purely real-time market condition number. As a commodity it absolutely is traded based on lead indicators like future production ramps, and any substantial positive motion in the production outlook will affect the price of a barrel today, regardless whether the outcome may not be immediately felt. There are multiple variables.

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I think what I am saying,


Mar 6, 2022, 4:31 PM
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is that if NC Tiger claims it is NOT more carbon friendly to drive an electric and charge it at home, than say drive a gas vehicle, I am saying that it would also be true of home gas powered generators. He should just plug his house into his car's cigarettes' lighter, leave his engine running in the driveway, and power his house that way, because he obviously knows something the rest of us don't.

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Re: 6.95 for a gallon of regular in LA ?

[3]
Mar 6, 2022, 10:04 PM
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A belated "ha ha" Mr. Tigerbalm1®.

Homes that are powered (relatively speaking) natural gas heaters or oil heaters, which are scaled to a size that makes them more efficient to heating of a home, are the true basis of comparison vs. homes which are heated with electricity.

Energy efficient vehicles which are powered by natural gas or fuel should be compared to the energy efficient EV vehicles in this thread's 'comprehensive energy consumption' argument.

But of course you know that.

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Re: 6.95 for a gallon of regular in LA ?


Mar 7, 2022, 2:35 PM
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It kinda proves my point, that charging an electric car from your home is far more efficient than a gas powered, or even hybrid. I read constantly on this board that the power has to come from somewhere, so it works out the same from a carbon standpoint. But even the dirtiest of coal plants, based on the amount of power it supplies, is far cleaner and cheaper than a car engine. Even a miodest understabnding of phsyics will tell you an electric motor is far nore efficent that a combustion engine. It is like comparing a flashlight to a flaming oil wrapped torch.

Point being, most of us will be driving electrics in a decade, despite all of the belly aching an ignorant "follow the science posts. Tiggity made the only good argument, but we got ten years to figure that one out.

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Re: 6.95 for a gallon of regular in LA ?


Mar 7, 2022, 9:51 PM
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It's a bit old (from 2019), but a J.P.Morgan paper on the challenges of Germany's green energy initiative (Energiewende) and the implications from EVs role in taxing the electricity grid. You may find this interesting, despite the age of the paper.

The most glaringly obsolete aspect of the paper (as far as this thread is concerned) is JPM's prediction of elevated risk to the German electrical grid's capacity when EVs reached 30% of overall vehicles.

For 2021, EVs had risen to slightly more than 30% of Germany's cars.

(For various reasons, Germany has been close to the brink this winter as far as their electrical capacity, but widespread brown-outs [to my admittedly limited understanding] had not happened yet.)

Here's the link if you so choose to burn away another 30 minutes of your life.

https://privatebank.jpmorgan.com/content/###/jpm-wm-aem/global/pb/en/insights/eye-on-the-market/germany-and-energiewende-a-dispassionate-assessment.pdf

Not that we give too much of a rodent's behind to what happens in Germany, but with Green Energy becoming more and more of a fashionable political movement in the USA, as Chris Rock used to say ... ya nevah know.

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Don't forget about fuel cells


Mar 8, 2022, 9:51 PM
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EVs won't always be charged from the electric grid. In a few years, you will be able to add hydrogen to a fuel cell using urea and a rhenium catalyst.

That's correct - a car powered by urine.

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Re: 6.95 for a gallon of regular in LA ?


Mar 6, 2022, 10:24 PM
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Just filled up the Caddy here in MB for $3.69/gal. at Coastal Saver.

These are the days, my friend...

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