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    U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    U.S. gasoline slowdown spurs untimely output cuts | U.S. | Reuters

    I am the only one who gets angered about things like this? They are going to CURB production because of slower than expected demand? Helllooooo, isn't this only going to further inflate gas prices???

    I thought this deserved it's own thread, instead of adding it to today's current oil price thread. How do others feel about this, or am I just missing something here??



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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    Quote Originally Posted by cstrunk View Post
    U.S. gasoline slowdown spurs untimely output cuts | U.S. | Reuters

    I am the only one who gets angered about things like this? They are going to CURB production because of slower than expected demand? Helllooooo, isn't this only going to further inflate gas prices???
    The sober, ugly bottom line is that we are hosed until we develop viable alternative energy sources to petroleum, or, until we develop motor vehicles that run on fuels other than petroleum. Until those things happen, we will be at the complete mercy of the petro producers and refiners.

    Hec, they power submarines by nuclear energy, why can't I get that for my car???


    Last edited by jbhtexas; 07-11-2008 at 12:58 PM.
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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    Quote Originally Posted by cstrunk View Post
    U.S. gasoline slowdown spurs untimely output cuts | U.S. | Reuters

    I am the only one who gets angered about things like this? They are going to CURB production because of slower than expected demand? Helllooooo, isn't this only going to further inflate gas prices???

    Another reason why I favor funding research rather than drilling into our natural reserves... while I'd support getting infastructure in place and taping into it some, ultimately drilling in Alaska is not a solution, and allowing people to drill there will only stall research to permenant solutions


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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    AC/DC said it best:

    "Got your shorts, got your curlys, got ya ............... By the balls"


    ISU Grad 1997.
    ISU Fan for Life.

    Not in CO anymore but I'm not changing my name :)

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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts



    Need this


    Kyle S. Flander

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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    You should go to Deace's podcast page and listen to his Tuesday interview with a money guy...it was phenomenal.

    I agreed with his guest; right now, old school supply and demand aspects are not driving oil right now.

    The weak dollar is a huge component of higher crude values, and higher commodity values across the board. The geopolitical climate has an oil premium, too. Way too many speculators in there, hedge funds, etc, on oil as well.


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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    Also, his guest talked about drilling...why are companies going to drill when all that would do would be to lower the profit they are making? They are touting their alternative energy work, which is dipping a toe in the water.

    When they will really start drilling is when it looks like the easy pickings oil they are extracting starts to disappear...then they will start drilling for the harder stuff, and other areas they believe to have oil.


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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    Quote Originally Posted by JonDMiller View Post
    I agreed with his guest; right now, old school supply and demand aspects are not driving oil right now.
    That metallic clicking sound you hear is a few CF posters "locking and loading", so to speak...


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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    Quote Originally Posted by jbhtexas View Post
    The sober, ugly bottom line is that we are hosed until we develop viable alternative energy sources to petroleum, or, until we develop motor vehicles that run on fuels other than petroleum. Until those things happen, we will be at the complete mercy of the petro producers and refiners.

    Hec, they power submarines by nuclear energy, why can't I get that for my car???
    What makes you think the alternative energy people are not going to be as greedy as the oil companies?

    What if the oil companies buy the alternative energy companies and either bury them or gouge us as bad or worse.

    I hate to say it, but the market will not fix itself on this one, congress needs to step in and tell these oil companies to back off. They are breaking the middle class backs and they won't be happy until we are completely broken and the middle class is destroyed.

    They got us hooked and now they are jerking our chains.


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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    Quote Originally Posted by TxCycloneFan View Post
    What makes you think the alternative energy people are not going to be as greedy as the oil companies?

    What if the oil companies buy the alternative energy companies and either bury them or gouge us as bad or worse.

    I hate to say it, but the market will not fix itself on this one, congress needs to step in and tell these oil companies to back off. They are breaking the middle class backs and they won't be happy until we are completely broken and the middle class is destroyed.

    They got us hooked and now they are jerking our chains.
    Why would any company want their primary target market broken and destroyed? That makes no sense.


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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    Quote Originally Posted by CloneAggie View Post
    Why would any company want their primary target market broken and destroyed? That makes no sense.
    China will be the primary market, not the US middle class.


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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    Quote Originally Posted by TxCycloneFan View Post
    What makes you think the alternative energy people are not going to be as greedy as the oil companies?

    What if the oil companies buy the alternative energy companies and either bury them or gouge us as bad or worse.

    I hate to say it, but the market will not fix itself on this one, congress needs to step in and tell these oil companies to back off. They are breaking the middle class backs and they won't be happy until we are completely broken and the middle class is destroyed.

    They got us hooked and now they are jerking our chains.
    I agree with a lot of this. When/If we find an alternative energy source, we will NEED government regulations on prices, etc for the sake of the economy. Call me a socialist, but if we had mandated back in the 70's and 80's that automakers could not produce personal vehicles that got under 30 mpgs, we wouldn't be in this mess. Unfortunately Johnny Urban Cowboy couldn't drive his .5mpg V-10 Excursion in order to compensate for something (he says its because he likes to "sit up high when I drive"), but we wouldn't have $4 gas either. When we get electric/hydrogen/nuclear/whatever powered vehicles, we're going to need the government to step in and cap prices to prevent uncontrolled corporate greed.


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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    Quote Originally Posted by cstrunk View Post
    U.S. gasoline slowdown spurs untimely output cuts | U.S. | Reuters

    I am the only one who gets angered about things like this? They are going to CURB production because of slower than expected demand? Helllooooo, isn't this only going to further inflate gas prices???

    I thought this deserved it's own thread, instead of adding it to today's current oil price thread. How do others feel about this, or am I just missing something here??
    This is a good thing actually. Less gas being refined means less crude being used, which will lead to demand for crude being reduced.



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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    Quote Originally Posted by TxCycloneFan View Post
    What makes you think the alternative energy people are not going to be as greedy as the oil companies?

    What if the oil companies buy the alternative energy companies and either bury them or gouge us as bad or worse.
    If there are enough different competing technologies, greed should held in check. I think government regulation also has a part to play as well.

    Our country has anti-trust, anti-monopoly, and price fixing laws. We need to elect officials with the courage to enforce them, and who won't cower under and sign off evertime a mega energy company wants to merge with another one.


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    Re: U.S. Gasoline Slowdown Spurs Untimely Output Cuts

    Quote Originally Posted by TxCycloneFan View Post
    China will be the primary market, not the US middle class.
    This is projected to be decades away. In 2030, the US is projected to consume 27.6 million barrels per day. China and India combined only 19.5 million barrels per day.


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