[onlooker]

$this->bbcode_second_pass_quote('pstarr', 'D')amn, now I have to put Marmy on ignore. He joins vt, Cog, adamB, and Kub. What a crowd, huh? RM is about the only real skeptic left.

We the few who even know what peak oil is anymore? Man . . . oh man what a dumbed down place this has become omg lol

[vtsnowedin]

$this->bbcode_second_pass_quote('pstarr', 'R')M, those other products are not liquid fuel. They are feedstock, one of many that enter other industrial manufacturing operations (to produce plastic etc). But those other industrial operation must run on the liquid fuel output from the refinery. Only the liquid fuel output from the refinery powers the economy that ultimately pays the refinery costs.

[onlooker]

Did you not read or comprehend what P said. The other byproducts are feedstock. The liquid fuel that matters is mostly motor gasoline. It is what primarily runs the Economy. The blender grades are feedstock thus not included. Liquid fuel is the measurement that matters. On that basis when converted to the prices, the Refinery yield is becoming more unfavorable

[onlooker]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('onlooker', 'D')id you not read or comprehend what P said. The other byproducts are feedstock. The liquid fuel that matters is mostly motor gasoline. It is what primarily runs the Economy. The blender grades are feedstock thus not included. Liquid fuel is the measurement that matters. On that basis when converted to the prices, the Refinery yield is becoming more unfavorable

[AdamB]

$this->bbcode_second_pass_quote('ROCKMAN', 'L')ooker - " Divide that number into the latest $/barrel quote to get crude cost per barrel of finished product of output. Subtract from that the wholesale price of gasoline. The US refining industry is now spending more on the crude that they use than they are getting for the finished product.". Not sure but it seems you keep missing the critical point: all the numbers being used assume that refineries only sell the gasoline made from oil and throw away the rest of the products. IOW the cost of 100% of the crude input is being compared to the price of LESS THEN HALF THE VALUE of all the products being produced from that oil. So obviously the value of the output is less the the cost of the oil input.

[AdamB]

$this->bbcode_second_pass_quote('pstarr', '
')We the few who even know what peak oil is anymore?

[AdamB]

$this->bbcode_second_pass_quote('onlooker', ' ')Liquid fuel is the measurement that matters.

[onlooker]

Not yet P, they are still luring in the sucker money.
Undaunted by oil bust, financiers pour billions into U.S. shale
http://www.reuters.com/article/us-usa-s ... SKBN17J0BK

[Hawkcreek]

Crude oil enters the refinery.
Gasoline exits the refinery and is paid for by other parts of the economy.
All other components of the crude (ethylene, polypropylene, asphalt, etc) exit the refinery and are paid for by other parts of the economy. The total of these payments, by the economy,equals the cost of the crude, plus a profit to the refinery.
The economy is measured in money, currency, or whatever you call it.
If you say that the economy runs only on the part of the crude that takes soccer mom to Walmart, you are ignoring the majority of the economy.
I don't believe that refineries are operating at a loss.

[onlooker]

Yes and Gas runs internal combustion engines of which a Diesel Engine is one form. Diesel Engines run Diesel generators ( a very important source of backup power), and On the Road:
The vast majority of modern heavy road vehicles like trucks and buses, ships, long-distance trains, large-scale portable power generators, and most farm and mining vehicles have diesel engines.
Ergo what Pstarr us saying is accurate. http://www.dieselserviceandsupply.com/i ... usage.aspx

[Hawkcreek]

$this->bbcode_second_pass_quote('pstarr', '
')Yes, the economy runs the part of the crude that takes soccer mom to Walmart. It also runs on the part of the crude that mines iron ore, harvests timber, and drives ships, trains and trucks and turns feedstock into plastic parts. There needs to be enough oil to drive the entire economy. And drill for oil. Apparently there is not.

[vtsnowedin]

$this->bbcode_second_pass_quote('onlooker', 'D')id you not read or comprehend what P said. The other byproducts are feedstock. The liquid fuel that matters is mostly motor gasoline. It is what primarily runs the Economy. The blender grades are feedstock thus not included. Liquid fuel is the measurement that matters. On that basis when converted to the prices, the Refinery yield is becoming more unfavorable

[vtsnowedin]

$this->bbcode_second_pass_quote('onlooker', 'Y')es and Gas runs internal combustion engines of which a Diesel Engine is one form. Diesel Engines run Diesel generators ( a very important source of backup power), and On the Road:
The vast majority of modern heavy road vehicles like trucks and buses, ships, long-distance trains, large-scale portable power generators, and most farm and mining vehicles have diesel engines.
Ergo what Pstarr us saying is accurate. http://www.dieselserviceandsupply.com/i ... usage.aspx