Not A Joke Top Off With Gasoline or Diesel
Saudi Arabia just cut production to 50%. Rocket attacks against refineries and pipelines. You can bet your last dollar prices are going to double because of speculators. Crude has jumped on a weekend ...
Forum Discussion
Time will tell. But those of you who do not calculate the amount of shale crude produced are in for a surprise. Shale oil is some of the lightest sweetest oil on earth. Much of the shale oil yields 150% more gasoline per 42-gallon barrel than West Texas Intermediate a benchmark light oil.
The USA is a net EXPORTER of oil. By playing Three Card Monte USA oil companies reduce tax burdens. We do not need one DROP of Nigerian Oil, nor Indonesian, or Arabian Oil.
Congress has zero "control" over USA oil. Piss them off and suddenly "Refinery process unit Upsets" daisy-chain their way across the country creating fuel shortages.
In October 1971 I was taking inventory of Shell Oil's Blue Grease, a thirty dollar per pound lubricant for satellites. Then a gaggle of really BIG shots from Houston strolled by. This is VERBATIM what I heard...
"....they had no right to eliminate the oil depletion allowance"
"They need a lesson just how much oil affects their life -- what happens when there out of the blue oil is shown to be vital."
The group included JW Sheehan, Manager refineries, and AJ Woods, manager refineries West Coast.
I was hidden from them by red and yellow drums.
Then the oil shortage began and prices went nuts. Coincidence? Sure yeah right. That autumn I drove to Austin Texas to retrieve an old Hallicrafters radio. One with a WWII legacy. From Bougainville.
On the way back, I decided to take the southern route because of an early Canadian snowstorm. Texas NM, and Arizona had fewer problems with 'shortages' at gas stations.
East of Eagle Pass in flat country with clumps of mesquite, I passed by an oilfield with (?) numbers of cricket pumps unmoving. For the hell of it, I made a right turn onto a wide graded gravel road. A mile or so later I saw a prosperous-looking ranch on the left. I pulled in and a friendly looking man took a look at my Stetson and invited me on the porch for iced-tea. His main income as it turned out was from the sale of white face cattle not from the hundreds of wells on his (forgot how many acres and pumps) "They got me PINCHED WAY BACK" he explained. This damned near dropped me on my butt.
At the end of my vacation, I returned to the refinery. I drove out to the wharf out of curiosity, the wharf usually held one tanker pumping with a second tied up aft.
The berths were empty.
I had a friend, Richard Baily, who worked at a specialist grease plant in Richmond California which allowed for a superb view of San Pablo Bay. At anchor in the Bay was something like seven tankers low on the plimsol lines. All loaded with crude.
Finally, when I got a chance to talk to Walt, a Process Operator at the LOP light oil processing unit, he said they were running at 30% of capacity, for no reason) The crude unit and vacuum flasher shouted the truth. he so-called oil embargo was as phony as a three dollar bill.
In December, I quit Shell Oil so I could finish my last two semesters of college unimpeded. I was driving a 1959 Nash Rambler American to Palo Alto and the OIL EMBARGO was making it tortuous. I was asked to return my Shell Oil company-issued credit card. I had paid for fuel out of my own pocket with no discounts. The dorm thank god held students more interested in their curriculum than the Viet Nam war. My folks had taken a financial beating over my dorm costs thank god for Senator Miller who got me the scholarship.
I ended up at my father's; pumping gas in South Lake Tahoe for eight months. It was there I learned the hard truth that being a company junior engineer meant living in a chicken**** fiefdom.
But I became an expert ******** detector, because of my degrees.
Some of you really need to learn how to do research to get accurate and truthful facts. The Wall Street Journal is a good place to start. I listened to a top rated Soviet petro-engineer in the eighties who explained ckearly there was in excess of FOUR QUADRILLION BARRELS OF RECOVEABLE OIL. The naysayers were saying all the oil would be gone by the 1990's.
As Jim Varney used to quio
"Now, do I look like I have the word stupid written ALL over my face?"
Wait and watch. Oil cost is not the backbreaker -- it's the resultant rise in prices of everything else that does the damage.
'
The USA is a net EXPORTER of oil. By playing Three Card Monte USA oil companies reduce tax burdens. We do not need one DROP of Nigerian Oil, nor Indonesian, or Arabian Oil.
Congress has zero "control" over USA oil. Piss them off and suddenly "Refinery process unit Upsets" daisy-chain their way across the country creating fuel shortages.
In October 1971 I was taking inventory of Shell Oil's Blue Grease, a thirty dollar per pound lubricant for satellites. Then a gaggle of really BIG shots from Houston strolled by. This is VERBATIM what I heard...
"....they had no right to eliminate the oil depletion allowance"
"They need a lesson just how much oil affects their life -- what happens when there out of the blue oil is shown to be vital."
The group included JW Sheehan, Manager refineries, and AJ Woods, manager refineries West Coast.
I was hidden from them by red and yellow drums.
Then the oil shortage began and prices went nuts. Coincidence? Sure yeah right. That autumn I drove to Austin Texas to retrieve an old Hallicrafters radio. One with a WWII legacy. From Bougainville.
On the way back, I decided to take the southern route because of an early Canadian snowstorm. Texas NM, and Arizona had fewer problems with 'shortages' at gas stations.
East of Eagle Pass in flat country with clumps of mesquite, I passed by an oilfield with (?) numbers of cricket pumps unmoving. For the hell of it, I made a right turn onto a wide graded gravel road. A mile or so later I saw a prosperous-looking ranch on the left. I pulled in and a friendly looking man took a look at my Stetson and invited me on the porch for iced-tea. His main income as it turned out was from the sale of white face cattle not from the hundreds of wells on his (forgot how many acres and pumps) "They got me PINCHED WAY BACK" he explained. This damned near dropped me on my butt.
At the end of my vacation, I returned to the refinery. I drove out to the wharf out of curiosity, the wharf usually held one tanker pumping with a second tied up aft.
The berths were empty.
I had a friend, Richard Baily, who worked at a specialist grease plant in Richmond California which allowed for a superb view of San Pablo Bay. At anchor in the Bay was something like seven tankers low on the plimsol lines. All loaded with crude.
Finally, when I got a chance to talk to Walt, a Process Operator at the LOP light oil processing unit, he said they were running at 30% of capacity, for no reason) The crude unit and vacuum flasher shouted the truth. he so-called oil embargo was as phony as a three dollar bill.
In December, I quit Shell Oil so I could finish my last two semesters of college unimpeded. I was driving a 1959 Nash Rambler American to Palo Alto and the OIL EMBARGO was making it tortuous. I was asked to return my Shell Oil company-issued credit card. I had paid for fuel out of my own pocket with no discounts. The dorm thank god held students more interested in their curriculum than the Viet Nam war. My folks had taken a financial beating over my dorm costs thank god for Senator Miller who got me the scholarship.
I ended up at my father's; pumping gas in South Lake Tahoe for eight months. It was there I learned the hard truth that being a company junior engineer meant living in a chicken**** fiefdom.
But I became an expert ******** detector, because of my degrees.
Some of you really need to learn how to do research to get accurate and truthful facts. The Wall Street Journal is a good place to start. I listened to a top rated Soviet petro-engineer in the eighties who explained ckearly there was in excess of FOUR QUADRILLION BARRELS OF RECOVEABLE OIL. The naysayers were saying all the oil would be gone by the 1990's.
As Jim Varney used to quio
"Now, do I look like I have the word stupid written ALL over my face?"
Wait and watch. Oil cost is not the backbreaker -- it's the resultant rise in prices of everything else that does the damage.
'
