Replies: 17
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All-In [47844]
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Posts: 21111
Joined: 12/22/98
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Bend over and lube up, fellas
Feb 21, 2021, 8:46 PM
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Price of gas is about to go through the roof. Brother works for a large chemical corporation that has many facilities in Texas. His expertise is in fiberglass, but his company deals in petroleum and refineries. When the storm hit Texas, all of the refineries had gone to hot standby instead of full shutdown. So basically, everything froze with valves open, chemicals in the lines. The whole situation is a clusterfuck and every single refinery is down. And due to the storm, they were not even able to get into the facilities to assess the damage until this weekend. It will take weeks for them to get up and running. He is predicting the price of gas to hit $3.50-$4.00 per gallon or more. If you need gas, go get it NOW! It's going to be bad for a while.
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All-In [30833]
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They'll tap the reserve Trump built up if that's the case.
Feb 21, 2021, 9:15 PM
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One of the moves I was all for when Trump did it even though the left thought it was a bad move. Never understood why it's bad to buy low when you know you'll need it eventually. I didn't think he'd need it in a year, but whatever..
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All-In [42902]
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Posts: 10446
Joined: 3/1/18
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Isn't the reserve oil, not refined gas?***
Feb 22, 2021, 11:13 AM
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CU Medallion [73569]
TigerPulse: 100%
Posts: 78044
Joined: 11/30/98
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Thanks Kamalalala***
Feb 21, 2021, 9:20 PM
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Heisman Winner [119729]
TigerPulse: 100%
Posts: 54488
Joined: 6/24/09
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Fill up your tanks, buy toilet paper
Feb 21, 2021, 9:22 PM
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Milk, eggs, & alcohol...
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All-In [47844]
TigerPulse: 100%
Posts: 21111
Joined: 12/22/98
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Other brother just signed a contract to get his
Feb 21, 2021, 9:27 PM
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master bathroom remodeled. He is gonna get screwed when prices of materials skyrocket.
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Legend [16865]
TigerPulse: 100%
Posts: 9374
Joined: 11/1/14
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So, the refineries are stupid?
Feb 21, 2021, 9:51 PM
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Why would the refinery prep be any different than for that of a hurricane? I get 'standby', but...isn't that also done for 'canes? While some supply drop is expected due to lack of refining last week, the math doesn't make a lot of sense...other than motivation to jack prices. If an entire industry lacks a sensible response to a temp drop...well...
What am I missing?
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Lot o points [155944]
TigerPulse: 100%
Posts: 65832
Joined: 5/6/13
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You're not missing anything.
Feb 21, 2021, 9:52 PM
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You're just Salty.
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Oculus Spirit [97732]
TigerPulse: 100%
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Joined: 7/13/02
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Heisman Winner [135950]
TigerPulse: 100%
Posts: 41649
Joined: 8/26/07
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And people laughed at me when I said
Feb 21, 2021, 9:49 PM
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Elon Musk had invented a weather machine to disrupt the oil supply and drive up the price of oil to make his cars more affordable.
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All-TigerNet [11963]
TigerPulse: 100%
Posts: 12224
Joined: 11/9/04
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that sounds like something outta General Hospital
Feb 21, 2021, 9:55 PM
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No, really....it does
"In 1981, Mikkos made his only on screen appearances on General Hospital when he was the mastermind behind a plot to obtain world domination by holding the world at ransom through the use of a weather machine that could create a severe snowstorm. He claimed it was for a utopia, a perfect world. He never allowed anyone to see his experiments."
https://general-hospital.fandom.com/wiki/Mikkos_Cassadine_(John_Colicos)
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Heisman Winner [135616]
TigerPulse: 100%
Posts: 91642
Joined: 12/6/98
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Our whole hall in Johnstone was hooked on GH during the
Feb 22, 2021, 8:56 AM
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Luke & Laura Save The World era, LOL.
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Oculus Spirit [78892]
TigerPulse: 100%
Posts: 26424
Joined: 12/6/98
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Lol GH, Y&R was way better***
Feb 22, 2021, 9:58 AM
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All-TigerNet [11640]
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Posts: 9796
Joined: 5/17/02
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Doubtful....
Feb 21, 2021, 10:21 PM
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Futures are $1.80 per gallon (add your taxes and profit to get pump price). In GA we're about 75 cents over wholesale which aligns perfectly since we've gone from $2.19 to $2.55 in the last two weeks.
Biden has done more for oil prices than the Texas storm. He's starting a trade war with Canada.
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Hall of Famer [22332]
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Posts: 7576
Joined: 3/3/99
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General Hospital? LMAO. Stefano and the DiMera family had
Feb 21, 2021, 10:35 PM
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the oil market cornered long ago in Days of Our Lives. Just go to Doug's Place and have a drink...
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Oculus Spirit [75723]
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Joined: 10/26/03
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Thanks for the waring but also people should really never
Feb 22, 2021, 9:05 AM
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say stuff like this on a large scale, no matter how true.
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Legend [17294]
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Posts: 14239
Joined: 12/14/98
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Starting to wonder about those Aggie engineers. Seriously_
Feb 22, 2021, 1:25 PM
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if this is a major issue, I’m putting my money on China.
Cold weather resilience through tried & true technology and operational practices is is a #### low hurdle.
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All-In [38514]
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Joined: 10/28/02
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Great news!!!
Feb 22, 2021, 1:38 PM
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My employer will make bank off the refinery outages!!!
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