CHANGE: Gas prices to spike 60 cents by May. Tank up!

[busybody..]

 

[busybody..]

KEYSTONE FALLOUT: Canada’s Harper talks oil with China as U.S. faces $4 gas.

 

[phrodeau]

Michele Bachmann promised that if elected President, she would see that the price would be under $2 a gallon.

But since she's just a Congresswoman, she can only sit on her ass.

 

[busybody..]

 

[bumlicker]

thanks obama

thanks for are dependence on foreign oil who the hell needs the canadians oil anyways? id much rather pay the saudis for it and ship it here at an extravagent price then hire people in the us to build a pipeline and give us some cheap oil

 

[phrodeau]

thanks for are dependence on foreign oil who the hell needs the canadians oil anyways? id much rather pay the saudis for it and ship it here at an extravagent price then hire people in the us to build a pipeline and give us some cheap oil

You think the Keystone pipeline would make gas cheaper? Did any of the other pipelines manage to do that?

http://i.bnet.com/blogs/us-canada-pipeline-map.jpg

 

[bumlicker]

well actually

only using less oil makes it cheaper but seriously what the fuck is wrong with us americans? we keep voting for idiots like obama who want us dependent on everything.we need some nuclear plants and natural gas as well (which we have an abundance of) and a little less spending on stupid shit that doesnt work like wind and solar. if solar and wind made things cheaper theyd be people out there doing it but its a huge waste of money as things stand now. of course if your thuinking of starting a business solar is the way to go obamas will give you money to throw away as you see fit

 

[busybody..]

You think the Keystone pipeline would make gas cheaper? Did any of the other pipelines manage to do that?

http://i.bnet.com/blogs/us-canada-pipeline-map.jpg

Yes, it would!

 

[busybody..]

Yes, it would!

gas is up .20 since he said NO

consumption is down to 2001 levels

 

[breakwall]

You think the Keystone pipeline would make gas cheaper? Did any of the other pipelines manage to do that?

http://i.bnet.com/blogs/us-canada-pipeline-map.jpg

a lot of those are natural gas and multi-use lines. Plus the keystone line would link the new oil sands development to the pipeline network.

It's up to you whether you think this is a good or bad thing.

 

[busybody..]

Public Likes XL Pipeline and Birth-Control Requirements






Two other lopsided results in the latest Fox News poll:


By a 67-25 percent margin, voters support building the Keystone XL pipeline. That includes: 87 percent of Republicans, 69 percent of independents and 50 percent of Democrats say build it.

Fox News Poll

Should Keystone XL Pipeline Be Built?

Yes 67%

No 25%

February 6-9, 2012 Registered Voters ± 3%–

 

[koalabear]

Public Likes XL Pipeline and Birth-Control Requirements






Two other lopsided results in the latest Fox News poll:


By a 67-25 percent margin, voters support building the Keystone XL pipeline. That includes: 87 percent of Republicans, 69 percent of independents and 50 percent of Democrats say build it.

Fox News Poll

Should Keystone XL Pipeline Be Built?

Yes 67%

No 25%

February 6-9, 2012 Registered Voters ± 3%–

Oblamer just backed off the "pill" issue.

http://forum.literotica.com/showpost.php?p=39939131&postcount=17

 

[busybody..]

IF THE ECONOMY IS DOING SO WELL, why is gasoline consumption tanking?

and gas prices surging

something is WRONG!

 

[unregistered]

 

[garbage can]

KEYSTONE FALLOUT: Canada’s Harper talks oil with China as U.S. faces $4 gas.

Good for Harper, he's taking care of his own.

Obama hates gas...Deal with it.

 

[busybody..]

Worrisome

http://4.bp.blogspot.com/-ATpYXHVTRIE/TzTDr0CS4jI/AAAAAAAAOOQ/A6rHJeJjYdA/s400/Wallace%2BGasoline%2BUsage%2B3-Month%2BThru%2BJan%2B2012.pngPetroleum 3-Month Rolling Average Turns Sharply Lower; Negative Shipping Rates; Collapse in Global Trade


On February 6, I noted (with huge thanks to reader Tim Wallace) a Huge Plunge In Petroleum and Gasoline Usage.

Tim used weekly numbers, which show, much week-to-week volatility. Instead, I proposed using rolling three-month averages, compared to the same three months in prior years.

Today I received some updated charts that are much easier to see precisely what is happening


An economy that is "getting" better

Should NOT show this

 

[busybody..]

Wallace writes "Gasoline and petroleum demand recently has plunged more than at any time in the recession. When you see petroleum usage back to numbers in the 1990's, you know there is serious economic trouble no matter what the talking heads say."

Wallace willing, each month I will post the "Petroleum Rolling Three-Month Average Index". Hopefully we can get a derivative of that first chart, "Percent Change From a Year Ago".

At the end of February the comparison will be December - January - February vs. the same three months in prior years.

Negative Shipping Rents

Amazingly, shipping rates have dropped so low, shippers will pay you to ship, just to get the cargo vessels to better locations.

Bloomberg reports Charter Rates Go Negative


Glencore International Plc paid nothing to hire a dry-bulk ship with the vessel’s operator paying $2,000 a day of the trader’s fuel costs after freight rates plunged to all-time lows.

The vessel will haul a cargo of grains to Europe, putting the carrier in a better position for its next shipment, he said.

“Our other option was to stay in the Pacific and earn poor revenues or ballast to the Atlantic and pay the fuel ourselves,” Rodley said. Ballasting refers to sailing without a cargo. Charles Watenphul, a spokesman for Glencore, declined to comment in an e-mailed response to questions.

Charters for the so-called backhaul routes that reposition ships to the Atlantic Ocean region from the Pacific are falling to the lowest since indexes started, exchange data show. Rents for Capesize ships that haul ore and grain on backhaul routes were at minus $7,342 a day, the lowest since that index began in 1999, exchange data show.

D/S Norden A/S, Europe’s biggest publicly trading commodity shipping company, said Feb. 3 it hired a Supramax vessel at no cost other than fuel charges, its first such transaction in a quarter century.




The Baltic Dry shipping index (a measure of shipping costs) was down 32 days in a row before turning up on Tuesday.

The Harper-Peterson Shipping Index is also in dismal shape.



Many ships came online in the last couple years but a plunge this deep cannot be blamed entirely on new ships added.

Rather, the huge dropoff in gasoline and petroleum usage in the US, coupled with falling shipping rates, a drop in Japanese Exports Three Consecutive Months, and a European Recession poised to get much worse, makes a strong case that a collapse in global trade is underway.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

 

[phrodeau]

http://4.bp.blogspot.com/-ATpYXHVTRIE/TzTDr0CS4jI/AAAAAAAAOOQ/A6rHJeJjYdA/s400/Wallace%2BGasoline%2BUsage%2B3-Month%2BThru%2BJan%2B2012.pngPetroleum 3-Month Rolling Average Turns Sharply Lower; Negative Shipping Rates; Collapse in Global Trade


On February 6, I noted (with huge thanks to reader Tim Wallace) a Huge Plunge In Petroleum and Gasoline Usage.

Tim used weekly numbers, which show, much week-to-week volatility. Instead, I proposed using rolling three-month averages, compared to the same three months in prior years.

Today I received some updated charts that are much easier to see precisely what is happening


An economy that is "getting" better

Should NOT show this

It's because they're using those pipelines instead of the tanker trucks.

 

[koalabear]

I converted my car to run on lit posts. lots of free methane.

 

[busybody..]

It's because they're using those pipelines instead of the tanker trucks.

STFU, CLOWN

 

[busybody..]

 

[4est_4est_Gump]

"You can avoid reality, but you cannot avoid the consequences of avoiding reality."
Ayn Rand

 

[busybody..]

RACIST

WHITE

and

DEAD

who cares what she said

WE LIKE OBAMA!

 

[4est_4est_Gump]

RACIST

WHITE

and

DEAD

who cares what she said

WE LIKE OBAMA!

Me and Sam love him too!

 

[busybody..]

CHANGE: Average Gasoline Price Jumps To Highest In 5 Months.