11–20 of 32 posts
Earlier quoted context omitted.
> There needs to be a certain level maintained Isn't that the "180mn to 200mn barrels"?
From what I understand, below 300 you start having issues, there's also a minimum national security level at 250 (not legally binding).
Source?
The fun part of this is the crack spread doesn't care about the relatively low price that crude is selling for. Refined petroleum is going for eye-watering prices, and will continue to do so for a very long time, even if peace breaks out tomorrow. Also seems pretty doubtful that oil prices would drop even if the war ended, given that everyone is going to be scrambling to refill their reserves for a very long time. On…
The fun part of this is the crack spread doesn't care about the relatively low price that crude is selling for. Refined petroleum is going for eye-watering prices, and will continue to do so for a very long time, even if peace breaks out tomorrow. Also seems pretty doubtful that oil prices would drop even if the war ended, given that everyone is going to be scrambling to refill their reserves for a very long time. On…
LOL, I sold my car and bought an e-bike.
The fun part of this is the crack spread doesn't care about the relatively low price that crude is selling for. Refined petroleum is going for eye-watering prices, and will continue to do so for a very long time, even if peace breaks out tomorrow. Also seems pretty doubtful that oil prices would drop even if the war ended, given that everyone is going to be scrambling to refill their reserves for a very long time. On…
My gas car was filled in November and has half a tank. EV's are such a better experience and so much cheaper to operate[^1] that most owners don't want to go back to gas.
[1] - dependent on one's access to inexpensive electricity. In the U.S. using DC fast chargers is often more expensive than gasoline.
Earlier quoted context omitted.
No, less than a year, much less. There needs to be a certain level maintained in order to keep pressure and lot of the bottom stuff is unusable because of contaminants - it's like sludge.
> There needs to be a certain level maintained Isn't that the "180mn to 200mn barrels"?
The fun part of this is the crack spread doesn't care about the relatively low price that crude is selling for. Refined petroleum is going for eye-watering prices, and will continue to do so for a very long time, even if peace breaks out tomorrow. Also seems pretty doubtful that oil prices would drop even if the war ended, given that everyone is going to be scrambling to refill their reserves for a very long time. On…
Modern fuel blends are usually 10-15% ethanol. Ethanol is an alcohol, and thus is able to absorb ambient water from the air into the gasoline solution. Gasoline stored for a long time will generally increase in water content (if I am not mistaken lol), thus it maybe for future reference, try to avoid ethanol based fuels if possible if you're not gonna be using your ICE car. It's like how people who store their motorcycles or fancy performance cars during the winter leave it without fuel, or add a fuel stabilizer.
The fun part of this is the crack spread doesn't care about the relatively low price that crude is selling for. Refined petroleum is going for eye-watering prices, and will continue to do so for a very long time, even if peace breaks out tomorrow. Also seems pretty doubtful that oil prices would drop even if the war ended, given that everyone is going to be scrambling to refill their reserves for a very long time. On…
Will the tradespeople (contractor) crowd turn up in this thread and cheer on the oil companies for making good money, damn any effect on the rest of the economy? ;)
Huh?