Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!
Buenos Aires, Jul 2 (Prensa Latina) The Argentine government announced a multi-million dollar penalty on transnational Shell Oil on Monday for shortage of fuel supplies, and may bring company executives to court.
After days of acute fuel shortage, the Kathmandu valley was Tuesday hit with its worst crisis in history as the state-owned petroleum importer and distributor reached the lowest level of fuel stocks and stopped supplies to gas stations.
'Kathmandu valley now has just 300 kilolitres of petroleum,' said Bishwanath Goyal, managing director of Nepal Oil Corporation (NOC). 'This is the minimum mandatory stock we have to keep. We can't sell any of it.'
Interesting to see the different reactions in each of the countries to the problem:
Zambia: "We don't know what happened and we don't know when it will get better"
Iran: "Riots and looting at the gas stations"
Nepal: "Scuffles at the gas pumps"
Argentina: "Find the facists in charge and fine them"
Last edited by pup55 on Tue Jul 03, 2007 9:28 am; edited 1 time in total
Posted: Tue Jul 03, 2007 6:29 am Post subject: Re: global fuel shortage reports
Interesting reports!
Dare I say it sounds like supply is insufficient to meet demand?
But the cornies (a short, derisive term for cornucopians) close their eyes and say they see no evidence of peak oil. I wonder if they will remain blind when the riots come to their neighborhood. _________________ Dieoff. Fun to watch. Better with hot buttered popcorn!
Joined: Nov 07, 2005 Posts: 553 Location: London, UK
Posted: Tue Jul 03, 2007 8:16 am Post subject: Re: global fuel shortage reports
Jack wrote:
Interesting reports!
Dare I say it sounds like supply is insufficient to meet demand?
But the cornies (a short, derisive term for cornucopians) close their eyes and say they see no evidence of peak oil. I wonder if they will remain blind when the riots come to their neighborhood.
You have to wonder when we start seeing reports like those coming in from First World countries. _________________ THE FUTURE IS HISTORY!
Posted: Tue Jul 03, 2007 4:36 pm Post subject: Re: Global Fuel Shortage Reports
it's quite interesting to google "fuel shortage" on the news search. A lot of developing nations there... and these are those we hear aboat. All the really primitive places that we do not hear from may be considered now reverted to woodfires for cooking/heating and animals or people for goods transport and agriculture labour.
Joined: Oct 23, 2004 Posts: 5410 Location: New Jersey
Posted: Wed Jul 04, 2007 9:09 am Post subject: Re: Global Fuel Shortage Reports
It looks like Nigeria is heading from 15% refinery utiliization to 0% - in the middle of already severe diesel and gasoline shortages:
Quote:
Nigeria: Fire Guts Warri Refinery, Oil Vessels Torched
This Day (Lagos)
4 July 2007
Posted to the web 4 July 2007
Chika Amanze-Nwachuku And Segun James
Yenagoa
A massive explosion, caused by crude spillage from one of the tanks at the Warri Refinery yesterday resulted in an inferno that gutted part of the ailing refinery yesterday.
Although no life was lost, vessels on the Ubeki Creek, including badges and boats and other valuables, were said to have been torched as the ravaging fire spread over to the Warri River , where the oil vessels were berthing.
THISDAY checks revealed that the spillage of crude from the tank which spread towards the river resulted in the massive explosions which reportedly razed some property belonging to the communities.
Spokesman of the corporation, Dr. Levi Ajuonuma, who confirmed this in a telephone interview with THISDAY last night, explained that the cause of the fire can only be known after the investigation which he said, has commenced immediately.
Efforts to put the refineries in operation were truncated by the youths in the area that prevented engineers from carrying out repairs on the facilities.
The damaged pipeline transports crude to both the Warri and Kaduna refineries, forcing the two refineries to stop operations in the last one year.
Posted: Wed Jul 04, 2007 9:29 am Post subject: Re: Global Fuel Shortage Reports
most of these problems are beacause of above ground factors,not geological one.
p.s. i'm not a cornucopian _________________ If everybody became a vegan, peak oil will not be a problem,nor will global warming,deforestation,water shortages,expensive food,famine etc.
Posted: Fri Jul 06, 2007 5:58 am Post subject: Re: Global Fuel Shortage Reports
Quote:
most of these problems are beacause of above ground factors,not geological one.
You're right. But then, there have always been "above-ground" factors.
The question is: When an "above-ground factor" disrupts a supply, why don't we just get it from somewhere else?
Answer: Because there IS NO SOMEWHERE ELSE.
That's "geology" for you. "Geology" says, "You've tapped all your most productive sources. So if there's a problem, you're on your own." _________________ "By the time individuals discover that remaining resources will not be adequate for the next generation, the next generation has already been born. " David Price
With an energy deficit hovering between 20-30% of the nation's demand, embattled power-distribution company Union Fenosa in mid-June began again implementing rolling blackouts across the country, shutting down whole cities for 6-10 hours at a time.
Some offices in Managua, faced with morning blackouts that make production impossible, changed their nine-to-five work schedules to 2-8 p.m.
_________________ "The problems of today will not be solved by the same thinking that produced the problems in the first place." - Albert Einstein
Posted: Fri Jul 06, 2007 10:44 am Post subject: Re: Global Fuel Shortage Reports
sirrom wrote:
most of these problems are beacause of above ground factors,not geological one.
p.s. i'm not a cornucopian
Yes. Shortages in these impoverished countries results from one specific "above ground factor," money.
But it is false to assume the two are not related. Poor people are being priced out of the market because a geologic factor, dwindling supply has jacked up the price. _________________ ree rah rip ram. sunofabitch godamn. hidey didey christ almighty. rah rah crap
Last edited by pstarr on Sat Jul 07, 2007 2:26 pm; edited 1 time in total
Iraq to increase gas prices _________________ "The problems of today will not be solved by the same thinking that produced the problems in the first place." - Albert Einstein
Joined: Oct 15, 2005 Posts: 1459 Location: Portland, Oregon
Posted: Sat Jul 07, 2007 11:37 am Post subject: Re: Global Fuel Shortage Reports
This is from the energy Bulletin- cribbed from Solaris...
Below is a list of countries with reported energy shortages occurring within the past few months.
Asia and Middle East
Nepal-- Gasoline and diesel
Pakistan-- Natural gas and electricity
Iraq-- Gasoline
Iran-- Gasoline
Bangladesh-- Electricity
Sri Lanka-- Gasoline
Philipines-- Electricity
China-- Electricity
India-- Electricity
Viet Nam-- Electricity
Africa
Uganda-- Electricity
Zimbabwe-- Gasoline and diesel
Ghana-- Electricity
Nigeria-- Gasoline
Senegal-- Electricity
Liberia-- Electricity
Kenya-- Gasoline and diesel
Gambia-- Gasoline and diesel
Americas
Argentina-- Natural gas and electricity Diesel
Nicaragua-- Electricity
Chile-- Natural gas and electricity
Costa Rica-- Electricity
Dominican Republic-- Electricity
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ree rah rip ram. sunofabitch godamn. hidey didey christ almighty. rah rah crap 
