U.S. refineries working at 95% capacity. End of Paula's "theory".

greenspun.com : LUSENET : TB2K spinoff uncensored : One Thread

Seems Gordon can't even read the posts on GICC that don't agree with her "theory". Typical of the Doomzies and Propagandist who inundate the Web with their garbage "thinking" that Gordon "ignored" this thread on GICC while cross posting one that sort of agreed with her.

How "Intellectually Honest" is that?

Answer for Dimwits: NOT VERY.

THIS SORT OF ENDS "THE PAULA" 's "theory" about Y2k and embedded problems :

NOTE:

U.S. refineries are already working at close to 95 percent of capacity, "do we now expect that they can reach 100 percent without the normal mechanical breakdowns?" Flynn asked.

"The die has been cast," he said. "The summer driving season is here."

http://cbs.marketwatch.com/archive/20000526/news/current/gasoline.htx?source=blq/isynd&dist=isynd

Gas may hit $2 a gallon by summer's end Analyst: Richardson's pleas to refiners 'too little too late' By Myra P. Saefong, CBS MarketWatch Last Update: 9:13 PM ET May 26, 2000

With tight reformulated gas supplies, gasoline prices in major U.S. cities are already pushing $2 a gallon, said Phil Flynn, a senior energy analyst at Alaron.com.

He believes the nationwide average will jump this weekend, which marks the start of the summer driving season.

The AAA predicts that more than 28 million Americans will drive 100 miles or more this weekend even with retail prices at a national average of $1.53 a gallon.

The average will likely jump about 20 cents a gallon from where it is now within the next three weeks, Flynn said.

"It's a scary situation when it comes to gasoline prices," he said.

In the futures market Friday, June gasoline's intraday high of $1.026 a gallon took out the early March high of $1.025, Flynn said. See full story.

High stakes; low supplies

Political stakes will go up dramatically next week, Flynn said. U.S. Energy Secretary Bill Richardson will be pressuring oil producers to boost crude production, but even if OPEC members go for a boost, "it'll probably be viewed as too little too late."

The American Petroleum Institute and the Energy Department both confirmed drops in last week's supply of reformulated gasoline to total U.S. stocks just over 43 million barrels -- that's about 2 percent lower than the year-ago level, according to the Energy Department's data.

The API reported a 1.4 million barrel rise in last week's total U.S. gasoline stocks, but that's still more than 17 million barrels below last year's level.

There has also been concern over the last few days that the Environmental Protection Agency may decide to grant waivers on reformulated gasoline to cities that are low in supplies for the summer season. St. Louis has already received a temporary waiver.

U.S. refineries are already working at close to 95 percent of capacity, "do we now expect that they can reach 100 percent without the normal mechanical breakdowns?" Flynn asked.

"The die has been cast," he said. "The summer driving season is here."

http://cbs.marketwatch.com/archive/20000526/news/current/gasoline.htx?source=blq/isynd&dist=isynd

-- The Shadow (shadow@knows.org), May 28, 2000

Answers

Refinery problems (Cross-post from GICC)

http://hv.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=003Erv

-- What (upset@The.Shadow), May 28, 2000.


My Dear What..

Please do not confuse the Shadow with facts! You know it is not nice to fool with fools. The world will still be calm, peaceful, and rosey to this person. Even if gasoline should be rationed ( and at 5.00 per gallon)..After all, he/she (and their coharts) have been squaling for the past five months " I don't know what the matter is...But she ain't Y2K"!

"As for me...I shall finish the Game"!

~~~~~~~~~~~~~~~~~~~~~~~Shakey~~~~~~~~~~~~~~~

-- Shakey (in_a_bunker@forty.feet), May 28, 2000.


Shadow,

If the refineries are working at 95% of capacity then how come the average price per gallon has gone up about 20-30% in the last couple months?

-- Hawk (flyin@high.again), May 28, 2000.


Supply And Demand!!!

http://quote.bloomberg.com/fgcgi.cgi?ptitle=All%20Energy% 20News&touch=1&T=energy_news_story.ht&s=AOS6xHRZTUmFsbHlp

-- er (a@w.l), May 28, 2000.


To: NITWITS "Shakey Facts" and "Hawk the Bullshit" :

The prices are up because the feed stock : CRUDE is up.

Got it?

OPEC wanted more money for its crude and that is all there is to it.

They are getting it.

And in case you don't remember, a gallon of gas is cheaper than a gallon of MILK.

Doesn't that mean that some embedded problem in COWS causes that by YOUR "logic"??

-- The Shadow (shadow@knows.org), May 28, 2000.



http://www.futuresource.com/ce/www/htdocs/fswrap.shtml? s=fs2&c=33&aid=22853

-- hy (Thephantom@theoilfields.com), May 28, 2000.

"Scrotum-Sucking Shadow"

"OPEC wanted more money for its crude and that is all there is to it."

Oh really, you've been to the OPEC Nations and have full knowledge of the status of their production facilities? Venezuela, Iraq, and several other nations have still not remediated all of their facilities for Y2K problems. The reason OPEC raised their prices on crude is because they are not able to supply as much between them as they used to.

Come back in a couple months when it is over $2.00 a gallon and people are waiting in lines, then maybe you'll have a better perspective, NITWIT!!

-- Hawk (flyin@hi.again), May 28, 2000.


Maybe even 100% just doesn't keep up these days...

<:)=

-- Sysman (y2kboard@yahoo.com), May 28, 2000.


Even at 100%.It's still cheaper then canada and england!!!! It's not our oil!!!

-- h (a@d.b), May 28, 2000.

Premium is already over $2.00 a gallon in Silicon Valley.

-- Flash (flash@cheaper.in.az), May 29, 2000.


Jeez, doesn't anyone remember that OPEC sharply cut their output about five months ago?

And that oil then went from $12/bbl to $32/bbl?

If OPEC allowed producion at their full real capacity, we'd be in oil up to our armpits, oil would be $6/bbl, and gas would be 80 cents a gallon.

To say it's Y2K related is idiotic. And nitwitty.

-- (short@memoriesR.us), May 29, 2000.


"Jeez, doesn't anyone remember that OPEC sharply cut their output about five months ago?"

Hmmm, let's see, 5 months ago... you mean like around January 1, 2000?

Oh yeah, I'm sure it's just a coincidence right NITWIT?

Duuuuuuh!

-- (shadow@the.nitwit), May 29, 2000.


My Dear Shadow and Short,

It is rather unsusal..But about five moths ago (i.e. The 1st of the year). I was asked, and I believe it was on the old TB2000 forum (and another closed one). How to ground off over seas containers filled with electronic parts, and scattered all over the Arbian desert..It seems that the containers held highly sensitive embedded chips, mother boards etc. And they ( the questioner) was really concerned about CME from the sun spots.

I futher checked, after I adviced them on how to turn the container(s) into faraday cages. And found that indeed there where such containers over there, strung out all over the Saudi oil feild, Kuwait oil feilds etc. (Weather it was for a "just in case" or what I do not know) I do know that shortly after ward a major chip manufactor anounced that they where withholding a month's production from the "public" commercial use.

And coming from them, that is a LOT of chips.

So no, I am not surprised at the cut back in oil production! I would be rather surprised if there had not been a cut back! And I am not surprse that gasoline is headed back up either..

But at what point is the social "fuse" lighted? At two dollars a gallon? Three? Four? What you have apparently not vectored into your estimates of social cohesiveness is that a majority of people of this country do not make above, say 9.00 per hour. At what price on gasoline, do you put them "out of business"? Or rather, at what point do they do a "LA" number on a national scale?

If "Joe Six Pack" goes "ape" over a foot ball game! What will he/she do, when he/she cannot buy gasoline to go to work? Simply hecause he/she can no longer afford it?

"As for me...I shall finish the Game"!

~~~~~~~~~~~~~~~~~~~~~~Shakey~~~~~~~~~~~~~~~

-- Shakey (in_a_bunker@forty.feet), May 29, 2000.


Between the unprecedented major oil pipeline spills in January/February, and the refinery unplanned outages during that time, capacity then was no more than 84% for a while. Every new news about a major refinery going offline unexpected boosted wholesale gasoline and/or heating oil prices (depending on the refinery). The flurry of activity to try to make up the distillate oil deficit led to a backlog in demand for gasoline refinement. It was clear at the time that it would be some time before gasoline inventory could stabilize and prices come back down. At the time, Richardson was calling for 99% capacity. We still don't have that, so prices haven't moved much.

-- Brooks (brooksbie@hotmail.com), May 29, 2000.

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