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2004-05-07 Home Front: Tech

CHART / Crude Oil Prices May 1st, 2003, through May 5th, 2004

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Posted by Mark Espinola 2004-05-07 12:00:00 AM|| || Front Page|| [3 views since 2007-05-07] Top

#1 I just don't understand this. Everything I read tells me there is more "known" oil than there has ever been. Somthing is just not right here!!

Posted by Long Hair Republican 2004-05-07 12:17:14 AM|| 2004-05-07 12:17:14 AM|| Front Page Top

#2 What's not right is that the US has not buiilt any refineries in decades. California, at a minimum, has a custom designed gasoline produced at a handful of refineries. Further, China's demand for fuel is skyrocketing. We can expect this situation to continue and get worse until the production pipeline including refining responds to higher prices.

Posted by Mr. Davis 2004-05-07 9:30:10 AM|| 2004-05-07 9:30:10 AM|| Front Page Top

#3 We can expect this situation to continue and get worse until the production pipeline including refining responds to higher prices.

In a normal situation, the response would be to increase capacity, as in build more refineries. Here in CA, that is not likely to happen. The enviro-weenies have too firm a hold on a lot of the population and their politicians, and combined with the typical NIMBY attitude of a lot of CA residents, a reasonable solution can't be expected anytime soon, if ever.

Posted by Bomb-a-rama 2004-05-07 10:25:03 AM|| 2004-05-07 10:25:03 AM|| Front Page Top

#4 Mr.Davis - you are spot on..the US is setting herself by letting the left - eco terrorists dictate energy policy. if we loose a few of these to terrorists attack we are in doodo..

and that customer formulated gas in california is helping the price stay in 2.15-2.45 range - man it is a killer.

plus our enemies want the price of oil to rise before the elections...

Posted by Dan 2004-05-07 12:22:43 PM|| 2004-05-07 12:22:43 PM|| Front Page Top

#5 Do they use MTBE as an additive in California? They're banning it here in Pennsylvania.

Posted by Jonathan 2004-05-07 1:31:18 PM|| [www.workaround.blogspot.com] 2004-05-07 1:31:18 PM|| Front Page Top

#6 Mr. Davis? Is your first name perchance Gray?

Posted by Random thoughts 2004-05-07 1:41:57 PM|| 2004-05-07 1:41:57 PM|| Front Page Top

#7 Do they use MTBE as an additive in California?

They did. Then it was discovered that MTBE was contaminating groundwater, so it is being phased out.....

Posted by Bomb-a-rama 2004-05-07 2:41:15 PM|| 2004-05-07 2:41:15 PM|| Front Page Top

#8 We have regular gas now at 1.96/gal in Anchorage, Alaska. Oil demand is outpacing supply, plus some manipulation by OPEC. Oil is fungible, but it would be prudent to open alot of areas up to make up for Saudi output cutoff, which is going to happen sooner rather than later. Saudi imports of crude to the US amount to 17% of all imports. We better have a plan to make up for the loss.

Posted by Alaska Paul 2004-05-07 7:42:51 PM|| 2004-05-07 7:42:51 PM|| Front Page Top

#9 All I know is I paid $2.19 this AM. Geez

Posted by BigEd 2004-05-07 7:44:20 PM|| 2004-05-07 7:44:20 PM|| Front Page Top

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