Exploring Hydrocarbon Depletion
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ROCK MAN wrote:True AP. No guess from me how far the economy will be dragged down. Back to the same balance: demand destruction vs. production decline. I'm certain DD will rule for a period. Whether it's 6 months or 5 years I wouldn't offer a guess. But lower energy prices will be taken advantage of by all. How much and how quickly that offsets DD is the question with no clear answer at the moment.
But the economic downturn should kill any and all of the ideas which have been put forth to deal w/PO IMO. As nice as it would be to see the govt take advantage of this DD to start restructuring our energy consumption habits I see very little possibility of it happening.
ROCKMAN wrote:I get your point 48. But the real problem I see is the dependence of the populace upon the Federal gov't. There may have been a time when a populist solution was doable. But I don't see that possibility now: how much "retirement" $ (Soc Sec) is controlled by the gov't? How many in society are dependent upon the gov't for health care (Medicare etc)? How much of the work force (civil sevants) are tied to the gov't? How much of our infrastructure (Intersate highways for example) is dependent upon the gov't?
You and others here can populate this list for the rest of the day and not catch every finger the gov't has in our daily lives. IMO too much of the population has become too dependent upon the gov't for its survival. And the gov't lives off the surplus of the economy. No surplus...now all giving gov't.
ushoys wrote:Dantes Peak said:
"The DOE reports that all pipelines are back to normal, except the Centential - which runs from Texas to Illinois. [This report was issued before the Colonial was shut down last night due to an accident]."
I had not seen any reports of Colonial shutting down again. What is the status of this now?
CALGARY, Alberta, Oct 8 (Reuters) - Planned and unplanned refinery outages have combined to create a shortage of diesel fuel in Western Canada, leaving some truck stops with no supplies, industry officials said.
Among companies with units off line are Petro-Canada (PCA.TO: Quote, Profile, Research, Stock Buzz), whose Edmonton, Alberta, refinery has been in a major turnaround since this summer, and Suncor Energy Inc (SU.TO: Quote, Profile, Research, Stock Buzz), whose oil sands plant is currently pumping none of the fuel, officials with the refiners said.
The diesel shortages, which affect numerous industrial sectors, follow tight retail gasoline supplies in the region this summer, which led to some filling stations running out of fuel at the height of the summer driving season.
A processing unit at Suncor's oil sands upgrading plant in northern Alberta, which normally supplies diesel to the wholesale market, suffered an unscheduled outage in August.
mefistofeles wrote:I don't know what the situation is like in other parts of North America but diesel here in Southern California is still nearly a dollar more than premium unleaded. For some reason the figure 99 cents keeps on coming to mind.
Nonetheless even with the drop in unleaded gasoline prices the actual spread between diesel and unleaded gasoline still remains nearly constant.
In fact at these prices it doesn't even make sense to own a diesel automobile.
Alberta motorists continued to be plagued by a fuel shortage across the province over the weekend.
A major storm last month forced shutdowns at both Petro-Canada's refinery in Edmonton and Imperial Oil's facility in Strathcona County.
More than 50 Petro-Canada service stations throughout Alberta were out of gas altogether over the weekend.
Where is the problem?
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