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- DelCamperExplorerLindsay
Fracking is here to stay. It may be more regulated but there is an axiom in the energy industry, "No low cost energy source goes unused".
Fracking is worldwide with Poland poised to be a major player. - SRTExplorerTo keep on topic here. More local stations are dropping their gasoline and diesel. Gasoline is $3.25 to $3.29. Diesel is $4.01 to $4.03. This according to Gas Buddy.
There was a letter to the editor in the paper the other day wondering why the gasoline prices are always higher than the nearby cities. I've noticed that Two Harbors (about 20miles north) is around 5¢ a gallon cheaper than Duluth. Same with Cloquet 15 miles west. You would think that more stations would mean more competition. We've even found cheaper gas 60 miles north in Virginia. - LindsayRichardsExplorer
Natural Gas is presently and by indication going to be the cheapest cost per BTU.
If fracking is banned or made too expensive to continue, then the cost advantage will shift back towards coal. Whoops, that is being over regulated and made too expensive too. Looks like costs are going to skyrocket as promised. - DelCamperExplorerThe reward that has any meaning is the marketplace. Is it more cost effective or not?
The reduction in oil use is not from switching to green but rather a declining economy. The standard of living is directly proportionate to energy use. You could call it an ECG indicator. The patient is not doing well.
Natural Gas is presently and by indication going to be the cheapest cost per BTU. - cekkkExplorerT58, you said "and with the continued (and it will continue) efforts of this government we will see even more green efforts rewarded."
We've had enough green efforts rewarded the past four years. It's high time government demanded some degree of success come from the "rewards." Of course, we won't, as the people have sold their voice. - tomman58Explorer
DelCamper wrote:
Oh, the "recession" is not ending it's only just begun. Actually it's not a recession at all but rather a global realignment of economic power. Our standard of living must drop to equalize the cost in the international labor market post "Free Trade" in order for manufacturing to return.
The genie is out of the bottle and you can't put it back in.
Sad but true.
Ah but is ending and the changes for America are already felt by the middle class. When Mr. K (I won't try to spell it) was head of the communists in Russia he said the only thing he would want from the US was the middle class. That was because our middle class has always been huge.
As for gas refineries, our need for gas is falling already and our needs will fall very fast in the next couple of years, again high time. Oil is only one form of energy and with the continued (and it will continue) efforts of this government we will see even more green efforts rewarded. - DelCamperExplorerOh, the "recession" is not ending it's only just begun. Actually it's not a recession at all but rather a global realignment of economic power. Our standard of living must drop to equalize the cost in the international labor market post "Free Trade" in order for manufacturing to return.
The genie is out of the bottle and you can't put it back in.
Sad but true. - DelCamperExplorerNo argument from me. I put 26+ years in an oil refinery power plant.
- LindsayRichardsExplorerRefineries are a manufacturing process. We still import oil and we turn some of it into higher value gasoline and provide thousands of jobs as well as improve our nation's imbalance of trade. America need our exports desperately. Oil refining does not only provide gasoline, but also chemicals and plastics. Refineries are a valuable business for our country. One of the main reasons for the reduction of gasoline usage is the recession and when that is finally over, usage will go back up.
- DelCamperExplorerLindsay Richards
There is no need for new oil refineries. US crude oil demand dropped by 3 million barrels / day since 2008. Even after closure refinery margins (delta between crude oil price and finished product) went negative at several times. In order to keep what refineries the US had they started exporting gasoline and fuel oil.
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