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Post by boxcar on Feb 1, 2013 17:06:22 GMT -5
>No, that is not good for the production flow, you simply keep it in your storage tanks or on the tanker floating on the high seas. Or some refineries have to close down for maintenance, or.... <
When they close down for “maintenance” as they are doing right now, it is to change the blend from winter formula to summer formula. In the interim they will live off of their reserve, which should carry them two to four weeks. The supply should then remain stable.
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Post by Deleted on Feb 1, 2013 18:15:30 GMT -5
Of course the prices for gas are going up. I'm leaving Quartzsite tomorrow to return home, 1135 miles in my motorhome. There is no better indicator for rising gas prices than me taking a trip. At 7 1/2 mpg, it does sting a little. But I guess I shouldn't whine too much when you compare our prices with those in Europe. How are they in Australia?
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Post by Sir John on Feb 1, 2013 18:27:40 GMT -5
OZ$1.50 a Litre.
OZ$5.70 a US gallon.
US$5.98 a US gallon.
SJ
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Post by boxcar on Feb 2, 2013 1:00:53 GMT -5
By Timothy Gardner
WASHINGTON, Jan 31 (Reuters) - The Obama administration's decision on the Keystone XL oil pipeline will not be made until at least June, a U.S. official said, which would delay the project for months and frustrate backers of Canada's oil sands.
"We're talking the beginning of summer at the earliest," said the source, who did not want to be identified due to the sensitive nature of the TransCanada Corp project, which has been pending for more than four and a half years. "It's not weeks until the final decision. It's months."
A series of steps still have to be taken by the State Department, where the decision will be made because the 830,000 barrels per day crude oil pipeline crosses the national border. The pipeline will link Alberta's oil sands and North Dakota's Bakken shale fields to refineries and ports in Texas.
The State Department did not comment for this story, but last week a spokeswoman said it did not anticipate making the decision before the end of March. Previously, the department had hinted the decision could come in the middle of the first quarter.
The administration may be delaying because the pipeline has become a symbol for both opponents and supporters of development of Canada's vast oil sands.
Environmentalists concerned about the carbon footprint of the oil sands have seen the decision as the most important President Barack Obama will make on climate change.
(pipelines leave a carbon foot print?)
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Post by mcnoch on Feb 2, 2013 3:20:13 GMT -5
How much does 3.8 litres (1 US Gallon) of petrol cost in Germany? As Germany recharges a large amount of the costs for it's traffic-infrastructure and other related costs (police, courts) via a tax on petrol, the prices are higher than in the USA. We think those using the roads a lot should pay more than those who don't. 1l Diesel is at ~ 1,50 € so about 5,7 € or 7,78 US$ per gallon 1l Super is at ~ 1,65 € so about 6,27 € or 8,55 US$ per gallon I don't know the prices in the USA, but from the past I remember that they were at about 50% of the prices in Germany.
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Post by bluejay77 on Feb 2, 2013 10:21:41 GMT -5
How much does 3.8 litres (1 US Gallon) of petrol cost in Germany? As Germany recharges a large amount of the costs for it's traffic-infrastructure and other related costs (police, courts) via a tax on petrol, the prices are higher than in the USA. We think those using the roads a lot should pay more than those who don't. 1l Diesel is at ~ 1,50 € so about 5,7 € or 7,78 US$ per gallon 1l Super is at ~ 1,65 € so about 6,27 € or 8,55 US$ per gallon I don't know the prices in the USA, but from the past I remember that they were at about 50% of the prices in Germany. In Finland the taxation on gasoline also is heavy. One liter of 95E (with 10% ethanol) costs about EUR 1.45 if I recall correctly. They import cheap crude oil from Russia and refine it here. They really should not do so..... Political friendship towards the Russkies is a little questionable for multiple reasons.... But many, many individuals in this world are slightly rotten in that kind of manner. Some of my American military acquaintances were not at all happy when they learned that this kind of game happens here.
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Post by jerryfmcompushaft on Feb 2, 2013 13:05:01 GMT -5
Oce we have demonstrated that we will pay $4.00+ per gallon of gasoline, don't ever expect to see it at $0.25 a gallon ever again....
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Post by boxcar on Feb 4, 2013 12:41:26 GMT -5
If our crude came from only old wells with a low production costs ($40/bbl), my calculations indicate gas would sell at $1.65/gal.
If production costs run $70/bbl, as they do with fractured or off-shore crude, the cost of gas at the pump would run $4.82/gal.
If we bought on spot prices, as with the Mercantile Exchange or the Borse, as is done in Europe, with a quoted price of $97/bbl, the consumer would pay 6.70/gal.
But our gas supply is a blend of the old, the new and spot prices.
If we can blend ½ of our gas from old wells, ¼ from off-shore or fracked crude, and ¼ from spot prices, the price at the pump will be $3.52.
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