Exploring Hydrocarbon Depletion
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frankthetank wrote:JD- I bet we see more insuranceless drivers in the future. Once gas climbs they'll forgo insurance and use it to fuel up instead. When i was younger, i was spending a lot more on insurance monthly, then i was on gas. I know people with loans on cars that will have insurance to start with, but will stop paying it and wait for the bank to catch on (usually there is a good passage of time).
In MN if you are stopped, you better have proof or else you're getting a fat ticket. I think CO is also very strict.
Jack wrote:And people ask why I'm a doomer...
If oil goes up to, say, $80 per bbl this year...and higher next year...matters should get interesting.
The only question is, which to pack? 9mm or .40?
Sabibaby wrote:Filled up at a Shell station just north of Denver yesterday and every diesel pump had a yellow out of service bag over the pump. Three of the premium pumps were also “out of service”
In another post I mentioned that I hadn't seen any shortages. Well, now I see them.
9 NewsShortage in gas supply may cause prices in metro area to climb Last updated: 4/27/2007 9:44:14 PM:
DENVER - In and around the metro area, plastic bags can be found wrapped around gas pumps at several stations.
Analysts say problems at oil refineries in Texas and Oklahoma, which feed Colorado pumps, are causing supplies to go down and of course causing prices to shoot up.
"It's been a strange year for outages and problems at the refineries. It's classic supply and demand. That's what we're seeing. The refineries aren't sending what they used to in Denver and it's coming at a time when more drivers are demanding gas," said Eric Escudero of AAA Colorado.
Over the past week, I have noticed two or more out-of-gas pumps at every gas station I have hit here in Charlottesville, Virginia(which is quite a bit, as I am currently rotating my supply).
Anyone else noticing an increase in "sorry out of gas" bags over pump nozzles? Where?
Here along the banks of the Chesapeake, I too have noticed more “out gas of signs”, particularly on unleaded pumps. As I mentioned in a previous post, the further one is from the source, the greater the likely hood of shortages. In Virginia we are very near the end of the pipeline. I expect to see more of this as the stock numbers decline.
pup55 wrote:Dear US and Canadian PO.com viewers:
We have had some reports come in today on fuel shortages starting to show up in the US. Since we have a global network of observers literally at our fingertips, please use this thread to report any shortages of fuel in your area. We did this with great success awhile back for the Europeans. First person observations of conditions in your area are the best. Any news stories in your local area would also be good (follow guidelines for reporting news from outside sources). Please Help keep the PO.com community informed about this important topic.
DES MOINES, Iowa -- A shortage in the supply of unleaded gasoline has caused certain terminals in Iowa to run out of gas Tuesday, according to Bruce Heine of Magellan Midstream Partne
He said terminals in Iowa City and Fort Dodge had no unleaded gas Tuesday. Magellan has an 8,500-mile refined petroleum pipeline system, including 47 terminals, eight in Iowa.
When there's not as much product refined and consumption rates are historically high, outages are going to pop up especially in the outer reaches of the pipeline systems," said Randy Lusby of Maryland-based Oil Price Information Service
We're in big trouble," said Phil Flynn, an analyst at Alaron Trading Corp. in Chicago. He noted that inventories stand at 194.2 million barrels _ or slightly above the levels reported in the days after Hurricane Katrina struck the Gulf Coast in 2005 _ and he predicted that that the average prices this summer will surpass the 2005 record of $3.06 a gallon.
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