Katrina just what repubs ordered: now they have excuse for higher gas

[CAG]

prices.

Their typing away their talking points as we speak; This is just simply supply and demand, we need more drilling, we need more refineries, its all Clintons fault, keep driving your patriotic yellow-ribbon-magneted SUV's.

[Cha]

1. And here comes Mighty Prez

to save the day..Hugo Chavez!

[NVMojo]

2. Let the cannabilization of Americans and their wallets begin!!

[Imagevision]

16. Hawaii's Governor has orderd price caps on oil companies starting thursday

California keeping a close watch on this as they may be the second state to do price caps...something this president should have done over a year ago.

[nadinbrzezinski]

3. Hmm they may be in for a surprsise

many are at the ropes end (read truckers) we already had one action in Florida and another one may be coming my way (Cailiornia) and as they beomoe more and more frequent you will see clearly we have passed the 70% in the missery index. We are now at the actionable stage.

[Name removed]

4. Deleted message

Message removed by moderator. Click here to review the message board rules.

[rman]

5. So you think no drilling platforms have been affected by the storm?

And N.O. harbor/oil terminal has not been affected?

And the same refineries used to process sweet crude can be used to process heavy crude?

Got any sources for those assertions?

======

OPEC: "sweet crude production has peaked"

The problem with refineries is that there is not enough refining capacity for the heavier crude that oil corporations are switching to.


Refinery expansions efforts needed to match evolving crude supply - Report
Vienna, 17/8/05
http://www.opec.org/home/Special%20Features/2005/Fea082005.htm

Refinery capacity expansion plans are needed in the major consuming regions to reflect the evolving quality of global crudes if efforts to moderate crude prices and reduce oil market volatility are to be effective, according to the OPEC Monthly Oil Market Report for August. The report highlights the fact that recent production trends have resulted in a global crude slate that is heavier and sourer. At the same time, the refining sector has been slow to not only expand to meet the increasing demand but also to adapt to the changes in crude quality. The resulting constraints in the downstream sector have become a major source of upward pressure on prices.

“The recent rise in crude oil prices to new record highs — triggered by a series of refinery outages that have aggravated downstream constraints along with increased geopolitical tensions — only highlights the pressing need to enact concrete measures that would encourage rapid and sizeable investments in the refining sector,” the report said. The report noted that it will take several years to deliver the projects needed to ease current bottlenecks and prepare the appropriate refining capacity to meet expected demand. “Any delays will only continue the current mismatch between the installed refinery capacity and crude type, and undermine OPEC efforts, and those of other producers, on the upstream side to reduce volatility in the oil market,” it added.
<more>

OPEC Monthly Oil Market Report Aug.05
http://www.opec.org/home/Monthly%20Oil%20Market%20Reports/2005/MR082005.htm


Also mentioned in the report:
"Brazilian oil supply is now expected to average 1.99 mb/d, a growth of 190,000 b/d versus 2004. The performance in the second quarter of 2005 was better than expected, with the two new deepwater fields (Barracuda and Caratinga) now reported to have reached peak production."

[OneTwentyoNine]

8. I'm betting there were some and a HELL of alot of others that weren't...

The others east and west could have EASILY taken the 50 mph winds that buffeted them,I'd bet their up and running today. The ones directly in the path probably sustained damage and will be down for a few days.

So fucking what,that creates yet another "raise the price twenty cents crisis"? Bullshit,but...its a better excuse than a SA sheik dying though...

[rman]

11. ok.. and what about the oil terminal and the refinery issue?

[rman]

12. Oh how wrong you are - region's capacity down to 8%

Oil edges up on storm damage fear
Traders await the latest details on production in the Gulf
By MarketWatch
Aug. 30, 2005
http://www.marketwatch.com/news/story.asp?column=Futures+Movers&siteid=wsj&dist=

<snip>

Katrina forced the evacuation of 711 oil and natural-gas rigs and platforms in the Gulf of Mexico, according to the Minerals Management Service.

The evacuations halted the movement of more than 1.3 million barrels a day of oil production, or 92% of the region's regular output.

Daily natural-gas production dropped by 8.3 billion cubic feet of gas, or 83% of production in the Gulf

[CAG]

18. Where did you come up with those assertions from what I wrote???

Of course the events are going to affect prices. The question is how much of an effect should it have. 25 cents a gallon, 45 cents? Whatever the appropriate market response should be, just bet its going to be more than appropriate. How else does one explain $1.50 prices a year ago and 2.50 last week? One only has to look at how the energy associated stocks have done over the last 4 years compared to the stagnant dow and nasdaq to know someones making a WHOLE lot of money, and its not me.

Meanwhile, what have the neocons done for us? They further destabilized an already destabilized middle east with their inability to finish the appropriate job in Afghanistan while establishing an islamic theocracy in Iraq, they have totally blown our relations with the major oil producer in the western hemisphere just because the democratically elected venezualian president wouldn't let WTO, rich elite countrymen, and the US halliburton's raid his countries natural resources, they've done nothing but give polite lip service to alternative energy, they continue to peddle the rosy scenario notion that some oil may be under Alaska, even though most estimates consider that it will amount to a drop in the bucket, and they laugh in our faces anytime anyone suggests that gas-guzzlers making 10 mpg means more money eventually gets funneled back to Saudi's who then buy some more weapons for their pal Osama.

[radfringe]

6. bush*'s only solution

is ANWAR drilling... of course this won't be of any help for many years

if people are yowling now over the gas prices - wait till heating season sets in

[obreaslan]

7. What I don't understand is....

We have had hurricanes hit the gulf before. Why didn't gas prices jump 30 cents a gallon then? Something just seems fishy. :wtf:

[OneTwentyoNine]

10. Yeah,and it didn't hit every damn platform in the gulf....

Of course its all bullshit,but.. the latest mem to get out to Whore TV is that Oil production in the Gulf is brutally crippled. And...being out there a few miles I doubt that most can run out and take a look for themselves to see if production is going on or not.

This is a dream come true for Oil companies.

[OneTwentyoNine]

9. Hey,don't do anything Bush,lets see those numbers keep tanking...

All that "Tell my SA friends to open the spigots" bullshit from 2000 will never come to pass,his corporate Oil buddies have made sure to that.

Thats fine,just let the prices keep on going with Bush silent on the matter. People are really pissed off--that includes Repukes. Being from Kansas I talk to them everyday. They KNOW their being fucked over,they know they voted for two Oil men and their royally pissed off over gas prices.

[17th and B]

13. You cant blame Bush for everything

There are plenty of things to blame him for that are his doing...

Claiming that the GOP are happy b/c a hurricane might hurt oil production and drive prices higher is a bit silly.

Oil prices go up - everyone pays a higher price. Not just SUV drivers, and no one really benefits. Sure Bush will make more on his stock in oil companies - but maybe not, they have higher costs now. His expenses will be higher too... every piece of clothing he has and every loaf of bread he buys will be higher, just like the rest of us. Perhaps he can absorb the cost of this more easily than everyone else, but at the end of the day he'll still have less money.


These high gas prices are a problem for everyone.

[CAG]

20. I'm not saying their happy a hurricane hit, I'm saying that they now

can simply keep making excuses for high prices that somehow ignore their own culpability.

Your paragraph that starts with "Oil prices go up...": your point seems to be that everyone pays higher prices, and that the rich like bush will be able to absorb this better.... yeah, duh... not sure this refutes anything.

Supply and demand... my gas prices for my 24 mpg nissan DO go up because of gas guzzlers. Millions upon millions of needless 12 mpg SUV's on the highways drive up demand needlessly, draining supplies and which increase prices.

[Happy Friday.]

14. I know it's not "correct" to speak of such things so soon . . .

. . . but the aftermath of that nightmare on the Gulf
of Mexico has got me thinking. For those of you who
think the Federal Government continues to be the
source of all solutions, rather than all troubles,
consider: This disaster hit three states with
overwhelming GOP voting records. Also three states
that give far less than they receive to the Federal
government. In fact, Louisiana, Mississippi & Alabama
are 14th, 3rd & 6th in this regard, respectively:
http://www.taxfoundation.org/research/show/266.html.

Let's see just how much money the Federal government
gives to these states. New York, by comparison,
according to the U.S. Genaral Accounting Offices
Report in summer, 2003, has reveived approx. $20B.
New York, as you might guess, gives more than its
"expected share" in taxes.

Additionally, much of the money that could have gone
to NY went to prop up the already foundering airline
industry. What I want to keep my eyes peeled for is
the reaction of the insurance industry, one of Capitol
Hill's best patrons. It, of course, has quite a bill
coming after this storm. Let's see how long it takes
for it to head to Washinton, crying poverty, with hat
in hand.

[Kazak]

15. But, I thought we should put aside all partisanship...

and have a great big group hug!?!

:puke:

[Johnny_GRMI]

17. Politicalization

The Rupugs have arlready started blaming the Hurricane on Bill Clinton's Penis.

[sunnystarr]

22. Just be glad it didn't hit the M's for Monica ...

Thar she blows ... we'd never hear the end of it.

[DrGonzoLives]

19. Mark my words

There will be riots. Big ones. This is going to be the final straw.

No way, NO FUCKING WAY oil prices should be affected this early bt the hurricane.

I tell you what, I see people taking gas at gunpoint, I may be joining them. I've had it with this shit. We need the old Church law that says people can riot if vendors are charging too much for goods people need.

[CAG]

21. Thats totally irresponsible...

the vendors (assuming you mean your local 7-eleven or conoco station) aren't making any more money on this; its the big energy corporations that are raking in the dough.