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Big Oil likes their profits. It's the last hurrah before the fossil fuel party ends. Don't ask me when the party ends, people keep predicting that the party is over, but it seems that oil execs are not investing money in new oil production or new exploration.
Paid $5.19 for 87 in Bend this week. Diesel is at about $5.69-$6.09 depending on what part of town you are in.
Difference is where the money goes. Carbon tax goes to the government, and most carbon tax proposals also included tax rebates to offset that additional cost. If you cut your fuel consumption you could end up ahead financially, if you didn’t cut then you’d be behind.Quote:
Originally Posted by RoooR
With higher market prices, every consumer just ends up behind financially.
Truckee CA almost at $8 for regular.
https://www.epa.gov/renewable-fuel-s...-fuel-standard
Anybody ever hear about this? Apparently a jump in RIN prices is contributing to this energy crisis.
Also, on the same topic. The US is going to blend more ethanol (corn) fuel to help stabilize gas prices. Every 2nd news article talks about the upcoming worldwide famine. So we are going to put more bullshit corn gas in our cars, and not use said corn to help feed the world? Am i missing something?
At Truckee River RV Park off 80 on Hirschdale is only $6.29Quote:
Originally Posted by heckacali
Hadn’t heard about RIN before, but it appears D6 RIN is ethanol used in gas, and here’s the price chart:Quote:
Originally Posted by Percy Rideout
Attachment 418439
https://www.epa.gov/fuels-registrati...ce-information
So if I’m interpreting correctly, even at the high of $1.50/gallon, it’s only adding $0.15 to a gallon of gas blended with 10% ethanol.
Regarding using corn for ethanol, I asked the same question in the Ukraine thread. Don’t remember the details exactly, but I believe it wasn’t the problem I thought it was, because of the way farm subsidies work; that there’s unused land that could be used to grow food or fuel corn if need be.
RIN looks to be a nice little racket, just like TDR's in Aspen.Quote:
Originally Posted by J. Barron DeJong
Also, crazy idea idea here. How about we reform farm subsidies in the US (even short term?) to make sure this farmland produces on its land (even just this summer?) instead of the field remaining fallow and paid to NOT farm it in the face of a global famine...
If you had an oil rig, it would probably be under contract to a drilling company, who would contract others, like mud loggers and engineers, electricians, mechanics, cementing specialists, drill pipe and drill bit leasing companies, fishing and other downhole services, physical chemists, geologists...Quote:
Originally Posted by Toadman
Meanwhile, the drilling company that pays you is under contract to the lease holder, or to an oil company that has the trucking/shipping/pipeline wherewithal get large quantities of oil from the hole in the ground or sea floor that your rig made...to storage or refinery or other processing facility.
Lots of moving parts. Lots of capital investment. Lots of people have to be in place for it to happen. You can make $$ out the ass, but you don't get to call your own shots.
Add to this you got burnt in 2020, the bottom fell out of the oil market and half of your clients went bankrupt and didn't pay you, and you got behind and paid slow... Now the banks don't want to loan you $$ to build more rigs...
Yeah. Not an easy business, nor one that can turn on a dime. That's why the US Rig Count looks like a ramp, and not a kicker.
Yup, just reporting the absurdity of the near-town prices.Quote:
Originally Posted by J. Barron DeJong
I'm in Reno weekly for ice hockey and lacrosse so I bring down 6x 5 gallon moto jugs to fill to use to fill the other cars and toys. I haven't bought Truckee gas except a few gallons in a pinch in a long time.
Still havent quite cracked $50 for a premium fill up yet in my new car yet. Have fun with your Ferd Efteenhundreds, America!
So long as trucks and SUVs still keep flying off of dealer lots, there's still plenty of room for gas to increase more.
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Fuck gas, just snort cocaine and run everywhere!!!!!
https://www.newsweek.com/john-kenned...lation-1713912
Gas Prices So High It's 'Cheaper to Buy Cocaine,' Senator John Kennedy Says
Ya, it's all Bidens fault...
https://www.offshore-energy.biz/oil-...2-rystad-says/
Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says
Not Biden's fault at all. Greedy Oil companies....I mean Biden ran on the promise that he would embrace fossil fuels and try to make American energy independent....Quote:
Originally Posted by k2skier112
So, you're already doing the cocaine thing?
it's more of a global demand thing but hey, if that works for you... and yes gas is going to get higher because the domestic drillers that didn't make shit since 2008 need to make some money and aren't in hurry to make new wellsQuote:
Originally Posted by MontuckyFried
You're correct in that it's global. You're wrong in that domestic drillers are in no hurry. They are scrambling to drill as fast as possible. Private lease efforts are skyrocketing. Drillers I know are doing everything they can to get after it. Was talking to a plug guy I know who's out in the oilfield right now. Was telling me that his companymen are stressing out because big bosses are telling them to drill and have spud dates to meet, BUT numerous rigs are sitting in the yards because they don't have the manpower any more. After we all got let go at the beginning of 2020, most of us in O&G had to find alternative lines of work, with a giant portion leaving the industry altogether. I know many who got into trucking. No intent of going back to the field unless the pay goes up significantly to deal with the usual bs of working in the field.Quote:
Originally Posted by DBdude
But yeah. They do have to make up for lost time these last couple years. These prices are actually saving one of my old clients who damn near didn't survive 20-21. He's hauling ass to get new wells drilled and re-explore existing ones, going deeper. Prices are high so they WANT to produce while things are up. Trust me. These Texas boys ain't holding back. That's OPEC's game.
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I don’t think there’s going to be a “global famine”. Things are going to get worse for sure but it doesn’t have anything to do with the current increase in fuel prices. Stop fear mongeringQuote:
Originally Posted by Percy Rideout
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Go Biden Go!!!!
thanx for putting me straightQuote:
Originally Posted by MontuckyFried
Nah...I plan to buy one of those solar run cars....Quote:
Originally Posted by k2skier112
FIFYQuote:
Originally Posted by supermodel159
“ And yet, according to David Beasley, the former Republican governor of South Carolina who now leads the U.N. World Food Program, that is what they imply: the possibility that, as a result of an ongoing food crisis exacerbated by the war in Ukraine, climate change and the continuing effects of the coronavirus pandemic, 323 million people are “marching toward starvation” as we speak, with 49 million “literally at famine’s door.””Quote:
Originally Posted by MagnificentUnicorn
https://www.nytimes.com/2022/06/07/o...raine-war.html
Do you live under a rock?Quote:
Originally Posted by MagnificentUnicorn
Forget fuel prices, a pint of cream at my local grocery is $7.99. Granted, it is organic cream. The conventional is only $5.49.
And yet i still see everybody speeding and using a heavy foot while driving.
I remember it was clarified at the start of this thread that no one was complaining about fuel prices....just complaining about those complaining about fuel prices....seems we've crossed that bridge and are now actually complaining about fuel prices and pointing fingers....no?Quote:
Originally Posted by californiagrown