More diesel news; when it rains............

[Turtle_n_Peeps]

More diesels bound for US market.

This sucks. Diesel is about 10 cents higher then regular around here. 🙂 If every soccer mom in the US gets a diesel it will drive #2 up, up, up and out of sight. :M

[gmcsmoke]

but that's not going to reduce the price

[The_Mad_Norsky]

JamesBr wrote:
Fracking is used to extract natural gas, not crude oil distillates.

Wrong. 1,000's of wells being drilled into the Bakken formation in North Dakota and Montana. Most all are being fracked. An almost 99% success rate on each well drilled with fracking.

Folks, the real exciting news with oil is currently the Bakken formation, mentioned earlier.

BUT, there is an even larger shale oil formation just recently found underneath the Bakken called the Three Forks formation.

In other words, given enough time, North Dakota will produce more oil than ANYWHERE ELSE on the planet.

Local officials and oil company papers are stating there are at least another 1,000 wells to be drilled in just the NW area of North Dakota alone.

Folks, that is going to be a lot of oil, and perhaps our end to foreign imports. And that would be very good news.

[TECMike]

aarond76 wrote:
Soccer moms driving diesel minivans are not going to adversely affect the price of diesel fuel. The world runs on diesel fuel. OTR trucks, cargo ships, construction equipment, heating oil, trains, etc... Passenger vehicles are a very small percentage of diesel fuel use in the grand scheme of things.

Also our farmers and ranchers who plant and harvest our food using diesel equipment.

[W_E_BGood]

JamesBr wrote:
Fracking is used to extract natural gas, not crude oil distillates.

Are you thinking of "cracking"? Hydraulic fracturing or "fracking" is used to recover gases and oil(petroleum), as well as uranium.

[JamesBr]

Fracking is used to extract natural gas, not crude oil distillates.

[goducks10]

So much for fracking.

[JamesBr]

US refiners make more then enough diesel to go around, the issue is they are profiting more by exporting it.

Export reports

So they are exporting 20k barrels of diesel a day, with 1 barrel of diesel equal to 42 gallons or 159L. That means the US is currently exporting at least 840k gallons a day of diesel as of June. Lower in the winter months otherwise I think they corperations would get hung out to dry by even congress if they artifically bumped local costs through exports during heating months.

Reports in the past month say that is even higher. So since the US will bear 3.70 a gallon (due to no other choice) exports are up to profit on the output that would push prices lower.

ABC news link on exponential fuel export growth.

[Turtle_n_Peeps]

john&bet wrote:

Turtle n Peeps wrote:
More diesels bound for US market.

This sucks. Diesel is about 10 cents higher then regular around here. 🙂 If every soccer mom in the US gets a diesel it will drive #2 up, up, up and out of sight. :M

You don't have to buy them.

My business runs on diesel. The higher diesel goes the more we all lose.

[Turtle_n_Peeps]

aarond76 wrote:
Soccer moms driving diesel minivans are not going to adversely affect the price of diesel fuel. The world runs on diesel fuel. OTR trucks, cargo ships, construction equipment, heating oil, trains, etc... Passenger vehicles are a very small percentage of diesel fuel use in the grand scheme of things.

I know what you're saying but:

#1. U.S. refineries are set up to make gasoline, not diesel fuel.

#2. U.S. refineries are maxed out.

#3. If a lot more vehicles in the US went to diesel it would strain the maxed out supply even more.

Less of anything is not good for prices. Gas used to be more expensive by 100%. Then Cummins put a diesel in a Dodge truck. Next thing I knew diesel was more expensive and there were 100's of thousands of diesel pickups running around using millions of gallons of diesel.

[nevadanick]

Cargo ships dont burn the same fuel we do.

[john_bet]

Turtle n Peeps wrote:
More diesels bound for US market.

This sucks. Diesel is about 10 cents higher then regular around here. 🙂 If every soccer mom in the US gets a diesel it will drive #2 up, up, up and out of sight. :M

You don't have to buy them.

[aarond76]

Soccer moms driving diesel minivans are not going to adversely affect the price of diesel fuel. The world runs on diesel fuel. OTR trucks, cargo ships, construction equipment, heating oil, trains, etc... Passenger vehicles are a very small percentage of diesel fuel use in the grand scheme of things.

[W_E_BGood]

elkhornsun..."The real cost of motor fuel is the $3 trillion wars we are fighting for the international oil companies so they can exploit the energy resources of Afghanistan and Iraq. And there will be the cost in future years of treating millions of vets with cancers caused by our military's use of radioactive ammunition."

Oh good grief:S...for starters, Afghanistan doesn't even have oil to export. And the depleted uranium ammo rounds affecting millions of vets with cancer? Let's stay with a modicum of facts and truths here.

[skyhammer]

Tango, AE7UI wrote:
elkhornsun,
What are you paying in federal and state fuel taxes on diesel?
Utah is 48.6 cents for diesel.

In California we pay 74.9 cents/gallon Fed and State tax combined. Plus we have to pay sales tax that depending upon where you live is another 8-10%/dollar, which adds another 32-40 cents/gallon at $4/gallon price.So we are paying about 1 dollar/gallon in tax.

[Tango__AE7UI]

elkhornsun,
What are you paying in federal and state fuel taxes on diesel?
Utah is 48.6 cents for diesel.