Gas Prices Are Insane!!!!!

[DiscoBiscuit]

Lol, I guess a Moon index is out of the question.

 

[SpasticGramps]

If 18 wheelers would convert over to NatGas that would really drop demand for crude. With NatGas being so cheap right now I would think some trucking companies would be looking at converting. I'm starting to see more and more NatGas pumping stations pop up.

Infrastructure usually takes a decade or two to really develop, but once more stations are available the move to NatGas will be viable.

I think the recent divergence between crude and NatGas is here to stay and will act as a catalyst for this.

 

[VirginHarvester]

Newt is too busy drawing up plans to colonize space to learn how markets work.

Newt's the least of my worries. We need a guy in office who really gets it and isn't full of BS during campaign season.
[YOUTUBEIF] http://www.youtube.com/watch?v=3CMy2M32g4k&feature=youtu.be[/YOUTUBEIF]

http://www.youtube.com/watch?v=3CMy2M32g4k&feature=youtu.be


I can't believe it's come down to which a$$hole you can live with.

 

[VirginHarvester]

dupe

 

[northstate]

If you think natural gas is going to be the answer for our future energy needs i really,really encourage you to watch "Gasland" its a very informative homemade doc. about fracking and the crazy amounts of water and energy required to get the natural gas out. Not to mention all of the crazy chemicals that are put directly into the water table on a huge scale. Tap water that lights on fire? Halliburton, KBR and the big boys would love to see it happen though.NS

 

[krunchbubble]

If 18 wheelers would convert over to NatGas that would really drop demand for crude. With NatGas being so cheap right now I would think some trucking companies would be looking at converting. I'm starting to see more and more NatGas pumping stations pop up.

Infrastructure usually takes a decade or two to really develop, but once more stations are available the move to NatGas will be viable.

I think the recent divergence between crude and NatGas is here to stay and will act as a catalyst for this.

alot of bigrigs are required to convert over, here in the bay...

Port Of Oakland is strict as shit....

all the buses, fedex and ups around here are natgas....

most of the bigrigs around here are hybrids as well....

 

[HempKat]

That's what I thought.

What, you actually thought that it remains to be proven that you can think for yourself? Well then why don't you get on with proving it then rather then repeating talking points from Fox?

 

[HempKat]

you guys wanna thank yaselves you dont reside in the UK!!!!! you pay fk all compard to us! lmao!" or cmao should i say!

Yes but generally speaking we drive alot further then you guys do.

 

[DiscoBiscuit]

We pay it, just a different plan.

 

[SpasticGramps]

Good article that explains the negative feedback loop between printing money and rising commodity prices, especially oil.

What central banks provide, oil markets take away
Commentary: Quantitative easing merely flowing into oil markets

LONDON (MarketWatch) — When William McChesney Martin was chairman of the Federal Reserve all through the 1950s and 1960s, he famously described the job as “taking away the punch bowl while the party was still going.” Central bankers don’t think like that anymore — they are more likely to be cheerfully pouring more vodka into the mix, and asking if anyone knows the name of a good dealer in tobacco-based products.

Still, we still have someone who is prepared to act as the anxious parent to the global economy.

Except these days, it is the oil market.

Central banks keep furiously pumping more money into the economy — right now in Europe, and mostly by stealth. But as soon as they do so, the price of oil goes up and that promptly takes money out again. Like hamsters on a wheel, they are running more and more furiously all the time — and getting precisely nowhere.

The oil price has taken off again in the last few weeks, hitting new highs. Brent crude is now up to $125. That is still below the $145 it touched briefly in 2008. But measured in sterling or euros — that is, in the prices that actually matter to consumers who are not Americans, oil is now at its highest-ever price. A barrel of Brent crude now costs 93 euros, or 79 pounds, record levels for both currencies. That is translating into high prices at the pumps. In the U.K., a liter of diesel now costs £1.43.

There are lots of reasons for oil prices to be going up, of course. Demand is rising in the emerging markets, where growth is still strong. There has been a cold snap across Europe, increasing demand for heating oil. There is tension with Iran, and a revolt in Syria that may soon turn into a civil war. Russia has a tense presidential election this weekend: turmoil there might hit what is now the world’s largest producer of oil, if not yet the largest exporter.

But the main reason is one that is rarely mentioned. The world is being flooded with printed money. In reality, oil is not expensive. It is money that is cheap.

Most of the standard explanations for rising oil prices don’t make much sense. Demand rises gradually from emerging markets all the time — just as it goes down in more energy-efficient developed markets. It’s often chilly in Europe at this time of year — it’s called winter. No one in Russia is going to turn off the oil wells unless they want to freeze and starve. And if you can remember a time when there wasn’t rising tension in the Middle East, then you have a longer memory than I do.

There is no very good reason why those factors should be pushing oil prices to record highs this year — as opposed to last year, or the year before.

The real reason is there is a lot of fresh money and it has to go somewhere.

Although it has not been widely discussed, Europe is now in the money-printing business big time. The Bank of England has embarked on a fresh round of quantitative easing. It is creating an extra £50 billion, taking the total to £325 billion since the program started in 2009. The latest minutes from the bank show that two members of its Monetary Policy Committee voted for even more last month.

More significantly, Mario Draghi, the new president of the European Central Bank, has started minting new euros on vast scale. So as to not offend the neighbors in his Frankfurt headquarters — where they start sobbing into their sauerkraut at the mere mention of quantitative easing — it isn’t called that. Instead it is called LTRO — or the long-term refinancing operation — and it involves handing over lots of very cheap money to the banks. But whether you start spraying cash around by the front door or the back door does not in the end make much difference. It is still money, and it ends up somewhere.

So far, Draghi’s LTRO operations have released 489 billion euros into the economy in the first round and more than 500 billion euros in the second.

That may well have been necessary to stop the euro from falling apart, and to keep the European banking system alive. But you can’t release that kind of money into the system without it having some impact. For a comparison, the Federal Reserve’s first round of QE was $1.25 trillion, and the second round was $600 billion. In dollar terms, Draghi has chucked $1.3 trillion into the pot, and the U.K.’s Sir Mervyn King another $507 billion. Europe has already matched the Federal Reserve’s QE. So this is serious cash, even by central banking standards.

The results have been much the same as when the Fed printed money. Asset prices are starting to rocket. Equity markets are buoyant again. But most significantly commodity prices, particularly when measured in weaker euros or pounds, are starting to climb. Oil and gold — which always move together in the medium-term — are already racing up in price. Other commodities will follow.

Central banks are fast getting locked into a destructive cycle. They print money to try and pump up demand. Commodity prices rise, which then takes demand out of the economy again.

 

[longearedfriend]

venezuela has gas at 0.05$ per litre

I dunno much about it

my dad says that it has something to do with the us not liking them, is there some kind of embargo ?

 

[MadBuddhaAbuser]

If you think natural gas is going to be the answer for our future energy needs i really,really encourage you to watch "Gasland" its a very informative homemade doc. about fracking and the crazy amounts of water and energy required to get the natural gas out. Not to mention all of the crazy chemicals that are put directly into the water table on a huge scale. Tap water that lights on fire? Halliburton, KBR and the big boys would love to see it happen though.NS

: yeahthats

Speaking as a resident of a gasland.

Halliburton doesn't have to release what chemicals are in the fracking "sludge". Dont sell out your water for cheaper gas promises.

Come on guys. No renewable biofuels? No hemp? Am I still on a weed site?

 

[SpasticGramps]

my dad says that it has something to do with the us not liking them, is there some kind of embargo ?

Chavez subsidizes the price of gasoline to were it costs almost nothing. It fuels consumption and he's basically giving oil away to his cronies.

The government issues debt to pay for it all. He'll bankrupt Venezuela soon if he keeps it up.

More central planning gone wild.

 

[MadBuddhaAbuser]

venezuela has gas at 0.05$ per litre

I dunno much about it

my dad says that it has something to do with the us not liking them, is there some kind of embargo ?

OPEC?

 

[toketronix]

Most of the standard explanations for rising oil prices don’t make much sense. Demand rises gradually from emerging markets all the time — just as it goes down in more energy-efficient developed markets. It’s often chilly in Europe at this time of year — it’s called winter. No one in Russia is going to turn off the oil wells unless they want to freeze and starve. And if you can remember a time when there wasn’t rising tension in the Middle East, then you have a longer memory than I do.

wow! a whole sentence to remove multiple wars from the equation

trying to gloss over the last 13 yrs in the middle east like it's normal, while in that time at least 3 countries have been invaded; approx. 1.5m people killed, Iran being continually threatend and presured, yemen being bombed and manipulated

in reality the scale of the situation in the middle east is unprecedented, not normal as he suggests

this sounds like another propaganda piece to insulate previous government and US foriegn policy from any blame

some people don't seem to realise without QE, the dollar would have devalued anyway, but more quickly causing panic ..it buys you some time in a sticky spot...nothing more

QE is really only a stability buffer to maintain the facade, slow down devaluation and limit panic

 

[SpasticGramps]

trying to gloss over the last 13 yrs in the middle east like it's normal, while in that time at least 3 countries have been invaded; approx. 1.5m people killed, Iran being continually threatend and presured, yemen being bombed and manipulated

in reality the the scale of the situation in the middle east is unprecedented, not normal as he suggests

I agree that the Middle East meltdown is unprecedented and plays a major role in the price of oil going up. I don't agree with the author in how he dismisses it as "normal."

I do agree with him that dollar debasement plays a larger role than people admit though.

 

[SpasticGramps]

Here is the price of gas (US) in gold since 2007.

 

[BlackOpsJesus]

Chavez subsidizes the price of gasoline to were it costs almost nothing. It fuels consumption and he's basically giving oil away to his cronies.

The government issues debt to pay for it all. He'll bankrupt Venezuela soon if he keeps it up.

More central planning gone wild.

The trade off for cheap gas is that you still have to live in fucking Venezuela

 

[BlackOpsJesus]

wow! a whole sentence to remove multiple wars from the equation

trying to gloss over the last 13 yrs in the middle east like it's normal, while in that time at least 3 countries have been invaded; approx. 1.5m people killed, Iran being continually threatend and presured, yemen being bombed and manipulated

in reality the the scale of the situation in the middle east is unprecedented, not normal as he suggests

this sounds like another propaganda piece to insulate previous government and US foriegn policy from any blame

some people don't seem to realise without QE, the dollar would have devalued anyway, but more quickly causing panic ..it buys you some time in a sticky spot...nothing more

QE is really only a stability buffer to maintain the facade, slow down devaluation and limit panic

Because lord knows those people would have just evolved from the stone age they live in had the big bad US just left them alone. :sarcasm off:

He went thatway

 

[toketronix]

Because lord knows those people would have just evolved from the stone age they live in had the big bad US just left them alone. :sarcasm off:

pretty sure the invasion of iraq/afghanistan/etc was not a humanitarian mission... their infrastructure and utilities are worse now than they have ever been ...although all that depleted uranium might effect their evolution some :sarcasm was never on: