It's now February 27th and the rack price continues to climb since President Obama spoke at the joint session of Congress. The rack price in Southwest Michigan has increased by 39 cents per gallon, the largest increase in quite some time now. This increase in the rack price is in direct contridiction to the crude oil price that has again decrease to less than $43 per barrel.
OPEC wants the crude price to go up and the majors want the crude price to go up but it seems that they just cannot put it together to keep the price up as of yet.
Keep in mind that the rack price is the price that your local suppliers purchase the fuels from the major oil companies. The majors have total control over the rack price and they move it sometimes in accordance with supply and demand and other times at their will.
The lack of President Obama's interest in new drilling is having a severe impact on prices. These increases will hit the street soon.
Friday, February 27, 2009
Thursday, February 26, 2009
Not just a coincedence
President Obama spoke again at a joint session of Congress. During his speech he spoke alot obout alternative fuels, alternative products and alternative energies. What President Obama did not mention was drilling off shore or in ANWR.
By ignoring the topic he is basically stating that he will not allow it. By telling the world that he will not allow it, has and will create the atmosphere for crude oil and gasoling to rise again.
When the former President Bush stated we will now drill and become energy sufficient, the gas rack prices fell by 20 cents over the next couple days, and Crude started falling also.
Now President Obama has ignored or inferred that he will not allow new drilling in sensitive areas, and within 2 days Crude has climbed by six dollars a barrel and the gas rack has jumped by twenty-six cents per gallon. Most are blamming it on increased demand but the rack price had already corrected for that theory.
This is not just a coincedence, for President Obama's alternative fuel programs to succeed gasoline must sell above $3.50 to $4.00 per gallon. For example; if you pull in to a gas station and diesel fuel is $2.009 and the alternative is $4.00 which will you buy?
Soy and corn are more expensive per gallon to grow and process, and they provide less energy. This is not rocket science!
I believe in climate change, the climate has always been changing, we've had the ice age, volcano's erupting, earth quakes, drouts, floods, frost in the south and record highs in the north.
Studies have proven that the earth's temperature has not increase in the last century or more; so why is former Vice President Gore and his cronies still touting the global warming theories. You will notice even the former Vice President Gore, winner of the noble prize for his work on global warming has now changed his pitch to climate change while continuing to declare an emergency and not admit to his mistakes. Oh ya, all this while he continues to rake in the millions and burn up petroleum.
America should do all it can to keep America clean, but we need to be sensible and not throw out the baby with the bath water. The good lord has provided all we need on this green earth to keep us warm and safe. To decide all of the sudden, that regardless of the scientific evidence, that we must rush to alternative fuels that are neither energy efficient nor cost effective is unlogical.
By ignoring the topic he is basically stating that he will not allow it. By telling the world that he will not allow it, has and will create the atmosphere for crude oil and gasoling to rise again.
When the former President Bush stated we will now drill and become energy sufficient, the gas rack prices fell by 20 cents over the next couple days, and Crude started falling also.
Now President Obama has ignored or inferred that he will not allow new drilling in sensitive areas, and within 2 days Crude has climbed by six dollars a barrel and the gas rack has jumped by twenty-six cents per gallon. Most are blamming it on increased demand but the rack price had already corrected for that theory.
This is not just a coincedence, for President Obama's alternative fuel programs to succeed gasoline must sell above $3.50 to $4.00 per gallon. For example; if you pull in to a gas station and diesel fuel is $2.009 and the alternative is $4.00 which will you buy?
Soy and corn are more expensive per gallon to grow and process, and they provide less energy. This is not rocket science!
I believe in climate change, the climate has always been changing, we've had the ice age, volcano's erupting, earth quakes, drouts, floods, frost in the south and record highs in the north.
Studies have proven that the earth's temperature has not increase in the last century or more; so why is former Vice President Gore and his cronies still touting the global warming theories. You will notice even the former Vice President Gore, winner of the noble prize for his work on global warming has now changed his pitch to climate change while continuing to declare an emergency and not admit to his mistakes. Oh ya, all this while he continues to rake in the millions and burn up petroleum.
America should do all it can to keep America clean, but we need to be sensible and not throw out the baby with the bath water. The good lord has provided all we need on this green earth to keep us warm and safe. To decide all of the sudden, that regardless of the scientific evidence, that we must rush to alternative fuels that are neither energy efficient nor cost effective is unlogical.
Monday, February 16, 2009
Here We Go Again
For some time now crude oil has been hanging between $35 and $45 per barrel, up and down back and forth, but staying mostly within that range. All kinds of theorys have been presented to demonstrate why the prices are staying there including supply and demand and the oil bearing nations just feel for our pain and they are trying to help the economy.
For several decades now America has been going through a time when it seems everything needs to have a sensitive reason, one that makes us feel good. Nearly all movements now must not only be accepted they must be embraced. Take the theory that oil fell do to the oil bearing nations were worried obout our economy and the world economy. All one needs to do is to take a good look at some of the eastern and southern oil bearing nations to dispose of this theory. After all why would our sworn enemies, nations whose religious beliefs call for our extinction, want to preserve us.
All through the past few years higher prices on oil was proclaimed to be due to the falling dollar,
oil was a world commodidity and must be priced as such, war, climate so many reasons. I just read a column on the Blume report that now states that it only make sence that gas prices are rising while oil is not.
It seems now that it is only the texas sweet crude that is low on price and most of what America buys is the lesser quality higher priced world crude from Canada and other places which they say sells for about $10 more per barrel. For years I have been stating that anyone can sell their oil at whatever price they desire, while the world said oooohh nooo this is a world comodity and oil must be sold that as one. This whole theory is being put forth to convince you that the rack price needs not to be tied to the crude oil price, to tell you that it is not the oil companies playing a new game it is just natural. To explain to you that all is well you can go about your business now.
On the here we go again; in the same report they are calling for a minimum of $2 to $2.50 per gallon oil soon when all evidence points to lower cost in the near future. Now the pundants will pick this up and start to spread the word. It's preconditioning all over again.
For several decades now America has been going through a time when it seems everything needs to have a sensitive reason, one that makes us feel good. Nearly all movements now must not only be accepted they must be embraced. Take the theory that oil fell do to the oil bearing nations were worried obout our economy and the world economy. All one needs to do is to take a good look at some of the eastern and southern oil bearing nations to dispose of this theory. After all why would our sworn enemies, nations whose religious beliefs call for our extinction, want to preserve us.
All through the past few years higher prices on oil was proclaimed to be due to the falling dollar,
oil was a world commodidity and must be priced as such, war, climate so many reasons. I just read a column on the Blume report that now states that it only make sence that gas prices are rising while oil is not.
It seems now that it is only the texas sweet crude that is low on price and most of what America buys is the lesser quality higher priced world crude from Canada and other places which they say sells for about $10 more per barrel. For years I have been stating that anyone can sell their oil at whatever price they desire, while the world said oooohh nooo this is a world comodity and oil must be sold that as one. This whole theory is being put forth to convince you that the rack price needs not to be tied to the crude oil price, to tell you that it is not the oil companies playing a new game it is just natural. To explain to you that all is well you can go about your business now.
On the here we go again; in the same report they are calling for a minimum of $2 to $2.50 per gallon oil soon when all evidence points to lower cost in the near future. Now the pundants will pick this up and start to spread the word. It's preconditioning all over again.
Wednesday, February 11, 2009
No pork in Obama's proposal?
Well if you can believe what Obama is saying about not one cent in the stimulation plan is pork, then you probably believe that crude oil is holding between $35 and $45 per barrel because oil bearing nations are worried about our economy and the world economy.
If you believe the news, oil bearing nations are kind and considerate, they worry about our well being, they worry about the poor and our economy. The fact is many of the oil bearing nations are not our friends, they are our sworn enemies! Iran, Venezuela, Russia and other eastern nations are not looking out for our welfare, the reason the oil price has not skyrocketed since Obama's election is the fact that oil consumption is going down creating vast overages during a time where there is little demand and they just can't pull all the nations together to agree on restricting the production of oil. Do not forget, OPEC voted to reduce production to drive the prices back above $100 per barrel. When prices are down, oil bearing nations need to pump all they can to make their budgets. When prices are low, their is no money for weapons, and war.
The Obama and Congress plans are full of pork; pork for Hollywood, pork for million dollar frisbee golf parks, millions for footpaths and bike paths, billions for health programs, much of the plan is a payback for the libs support!
You might ask how Obama can stand before us and state that there is no pork in the bill, when we all know there is; well the answer is not hard to find if you know your history. Liberals are masters at reidentifying or renaming things. Remember back a few years ago when the Republicans were fighting against abortions; today they fight against freedom of choice. Libs have now reidentified aborting babies as "freedom of choice for women".
Libs are for windmill fields but not in Senator Kennedy's back yard. Libs are for drilling but only far offshore where there is no oil. Sometimes they are the left, sometimes they are liberals. Liberals are for national security, they are for a greener world, they are for women's rights. Except when national security means drilling in sensitive areas. Liberals stand up for women and against abuse of women, except when the offender is Bill Clinton. The liberal Congress prosecutes pro ball players for lying about taking steroids, but not Bill Clinton for lying about sex in the white house. The liberal press loved Hillary Clinton, they protected her, they groomed her, they all loved her, until Obama came along then it was Hillary Who? Originally President Bush proposed to go back to Iraq after Iraq violated seventeen UN resolutions. When various countries of the world all stated that Iraq was stockpiling weapons of mass destruction all of Congress stood on the podium with the president proposing war. Don't forget Saddam stood before the world and declared war on the US, and it was Saddam that stated that Iraq had weapons of mass destruction and that he would release then on the Allied forces.
But as always Congress reidentified the purpose of the war as to eliminate the weapons of mass destruction, instead of the truth that Iraq violated the terms of their surrender of the first gulf war, or the other seventeen resolutions declared by the UN. Senator Reed declared the war was lost but yet the war has accomplished so many of the goals, and now Iraq is holding democratic elections. Iraq is now a free nation again.
To liberals, compromise and bipartisan means that Republicans must abandoned proven
economic principals and agree with them. Liberals want to remove any mention of Christ and faith from our history and from our country. They want all mention of public prayer removed from schools, they want manger scenes removed from governmental properties at Christmas time; yet we all watched our president place his hand on the bible while being sworn into office, we all watch Congress start each session with a prayer.
My columns are typically not so political, but I want all of you to understand the the oil industry is political. Many decisions in this world, greatly affects the price of oil.
Obama's energy plan will not provide much energy for ten to twenty years. President Obama states in his speeches that he is looking for an impact of ten to 20 percent within 20 years. Obama's proposals call for replacing $1.65 gasoline with $4 to 5 dollar alternative fuels. Can you not see the problem with that logic? Obama needs to drill now and slowly eliminate oil for various uses as affordable technologies are discovered. That is logical and a good compromise.
Well if you can believe what Obama is saying about not one cent in the stimulation plan is pork, then you probably believe that crude oil is holding between $35 and $45 per barrel because oil bearing nations are worried about our economy and the world economy.
If you believe the news, oil bearing nations are kind and considerate, they worry about our well being, they worry about the poor and our economy. The fact is many of the oil bearing nations are not our friends, they are our sworn enemies! Iran, Venezuela, Russia and other eastern nations are not looking out for our welfare, the reason the oil price has not skyrocketed since Obama's election is the fact that oil consumption is going down creating vast overages during a time where there is little demand and they just can't pull all the nations together to agree on restricting the production of oil. Do not forget, OPEC voted to reduce production to drive the prices back above $100 per barrel. When prices are down, oil bearing nations need to pump all they can to make their budgets. When prices are low, their is no money for weapons, and war.
The Obama and Congress plans are full of pork; pork for Hollywood, pork for million dollar frisbee golf parks, millions for footpaths and bike paths, billions for health programs, much of the plan is a payback for the libs support!
You might ask how Obama can stand before us and state that there is no pork in the bill, when we all know there is; well the answer is not hard to find if you know your history. Liberals are masters at reidentifying or renaming things. Remember back a few years ago when the Republicans were fighting against abortions; today they fight against freedom of choice. Libs have now reidentified aborting babies as "freedom of choice for women".
Libs are for windmill fields but not in Senator Kennedy's back yard. Libs are for drilling but only far offshore where there is no oil. Sometimes they are the left, sometimes they are liberals. Liberals are for national security, they are for a greener world, they are for women's rights. Except when national security means drilling in sensitive areas. Liberals stand up for women and against abuse of women, except when the offender is Bill Clinton. The liberal Congress prosecutes pro ball players for lying about taking steroids, but not Bill Clinton for lying about sex in the white house. The liberal press loved Hillary Clinton, they protected her, they groomed her, they all loved her, until Obama came along then it was Hillary Who? Originally President Bush proposed to go back to Iraq after Iraq violated seventeen UN resolutions. When various countries of the world all stated that Iraq was stockpiling weapons of mass destruction all of Congress stood on the podium with the president proposing war. Don't forget Saddam stood before the world and declared war on the US, and it was Saddam that stated that Iraq had weapons of mass destruction and that he would release then on the Allied forces.
But as always Congress reidentified the purpose of the war as to eliminate the weapons of mass destruction, instead of the truth that Iraq violated the terms of their surrender of the first gulf war, or the other seventeen resolutions declared by the UN. Senator Reed declared the war was lost but yet the war has accomplished so many of the goals, and now Iraq is holding democratic elections. Iraq is now a free nation again.
To liberals, compromise and bipartisan means that Republicans must abandoned proven
economic principals and agree with them. Liberals want to remove any mention of Christ and faith from our history and from our country. They want all mention of public prayer removed from schools, they want manger scenes removed from governmental properties at Christmas time; yet we all watched our president place his hand on the bible while being sworn into office, we all watch Congress start each session with a prayer.
My columns are typically not so political, but I want all of you to understand the the oil industry is political. Many decisions in this world, greatly affects the price of oil.
Obama's energy plan will not provide much energy for ten to twenty years. President Obama states in his speeches that he is looking for an impact of ten to 20 percent within 20 years. Obama's proposals call for replacing $1.65 gasoline with $4 to 5 dollar alternative fuels. Can you not see the problem with that logic? Obama needs to drill now and slowly eliminate oil for various uses as affordable technologies are discovered. That is logical and a good compromise.
Subscribe to:
Posts (Atom)