Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Are we headed for a surplus...?

What's on your mind?
General interest discussions, not necessarily related to depletion.

Are we headed for a surplus...?

Unread postby frankthetank » Fri 09 Sep 2005, 01:30:48

What a load...is Bush/Cheney going to be standing on the dock...waving the ship in among loud cheers from the crowd???

$this->bbcode_second_pass_quote('', 'I')n an ironic twist to the calamity that struck the Gulf Coast energy industry, some analysts even predict the market might see a brief mini-glut as refiners unscathed by Hurricane Katrina push their units as hard as they can and tankers stream into U.S. ports brimming with gasoline.


$this->bbcode_second_pass_quote('', '"')Tanker rates right now from Europe to the U.S. are at an all-time high. Anyone that's got a boat that can carry gasoline is filling it up in Rotterdam to take it to New York," Williams said.

Williams said those cargoes will be hitting the East Coast market in two to three weeks, coinciding with a surge in deliveries through the giant 95 million-gallon-a-day Colonial pipeline from Houston to New York.

The Colonial line, shut by power outages during the storm, is again pumping near full capacity. It takes about 18 days to push a freshly refined gallon of gas through the system to New York harbor, where barges and tanker trucks wait to carry it to distribution centers throughout the Northeast.


18 days...wow...i never heard that before.

How are we paying Europe back?...i say we give them some worthless 10 year US GOV bonds... :lol: :lol: :lol:LINK
User avatar
frankthetank
Light Sweet Crude
Light Sweet Crude
 
Posts: 6202
Joined: Thu 16 Sep 2004, 03:00:00
Location: Southwest WI

Re: Are we headed for a surplus...?

Unread postby MicroHydro » Fri 09 Sep 2005, 01:36:00

This is BS. Even if the petrol were available, the excess tanker capacity is not.
"The world is changed... I feel it in the water... I feel it in the earth... I smell it in the air... Much that once was, is lost..." - Galadriel
User avatar
MicroHydro
Heavy Crude
Heavy Crude
 
Posts: 1242
Joined: Sun 10 Apr 2005, 03:00:00

Re: Are we headed for a surplus...?

Unread postby rogerhb » Fri 09 Sep 2005, 01:44:39

Perhaps it will be like the "Little Ships of Dunkirk" in reverse.
User avatar
rogerhb
Light Sweet Crude
Light Sweet Crude
 
Posts: 4727
Joined: Mon 06 Sep 2004, 03:00:00
Location: Smalltown New Zealand

Re: Are we headed for a surplus...?

Unread postby BabyPeanut » Fri 09 Sep 2005, 08:39:56

BRIMMING? :lol: :-x 8O
Image
BabyPeanut
Intermediate Crude
Intermediate Crude
 
Posts: 3275
Joined: Tue 17 Aug 2004, 03:00:00
Location: 39° 39' N 77° 77' W or thereabouts

Re: Are we headed for a surplus...?

Unread postby pip » Fri 09 Sep 2005, 18:26:37

The US refiners were pushing as hard as they could before this happened. You can see from the graph above the glut that caused.
The road goes on forever and the party never ends - REK
User avatar
pip
Coal
Coal
 
Posts: 480
Joined: Wed 21 Apr 2004, 03:00:00
Location: Republic of Texas

Re: Are we headed for a surplus...?

Unread postby shortonoil » Fri 09 Sep 2005, 18:44:41

This seems to fall into the same category as Ghawar’s 260 bbs of reserve. Creations of the Spin Doctors.
User avatar
shortonoil
False ETP Prophet
False ETP Prophet
 
Posts: 7132
Joined: Thu 02 Dec 2004, 04:00:00
Location: VA USA

From shortage to surplus: Where will energy innovation take

Unread postby AdamB » Sat 10 Feb 2018, 21:55:20

$this->bbcode_second_pass_quote('', '
')Forty-five years ago, I passed my driving test and giddily slipped my driver's license into my wallet, ready to enjoy the freedom that a dollar's worth of gas - then 28 cents a gallon at the local Hess station - could provide. Several months later, those prices had just about doubled. My mother was waking me up in the early morning before school and handing me the keys to her station wagon so I could wait in long lines to buy a few gallons of gasoline - usually no more than $3 at a time - as officials rationed limited supplies. The Arab oil embargo of 1973 reshaped the U.S. economy and changed the way Americans thought about energy, leading to more than three decades of obsession over how to use less oil, send less of our money to the Middle East .


From shortage to surplus: Where will energy innovation take us next?
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
User avatar
AdamB
Volunteer
Volunteer
 
Posts: 11018
Joined: Mon 28 Dec 2015, 17:10:26


Return to Open Topic Discussion

Who is online

Users browsing this forum: No registered users and 1 guest

cron