Posted on 05/05/2006 5:37:05 AM PDT by SJackson
Hess, too, is not an importer I believe.
I DO NOT go to CITGO stations, as they are controlled by Communist Hugo Chavez.
Citgo= Venezuelan. Right you are.
The yearly dividends paid to the parent Co., of US GITCO dividends, in 2005, was Approx. One Billion dollars. All to Hugo Chavez, to wage war against the US and disrupt So. America.
Why would anyone buy CITGO?
Bump.
There is a rolling inventory that is not being put to good use. We are inveted in our gas tanks and not earning interest on our investments.
This grammer is something up with which I will not put.
Hugo Chavez may die at any time. My car will still need fuel. If it's cheap, I'll buy it.
Any language which spells fone as phone, tells us to park in a driveway and drive in a parkway, etc. deserves to be mangled and in the grand scheme of things who cares what we place at the end of a sentence other than ?!.
The sole purpose of language is to convey our thoughts and with or without a post sentence preposition the thought is conveyed. Awkward sounding yes, but that is about it.
14 gallons * $3/gallon * 4.5% = $1.89 / year cost keeping my tank full all the time as opposed to running it dry and buying just enough to get to work in the morning and just enough again to get home in the evening.
After 9/11 I bought a few gas cans (22 gallons total) that I keep filled in my garage for my "tactical petroleum reserve" just in case gas becomes hard to buy for a short time for some reason. After hurricane Katrina I learned my lesson to never let my tank get below half so I can drive about 200 miles without worrying about where I'll get gas if I have to leave town right now.
(And don't tell me about stale gas in my extra cans. I fill my car with them and refill the cans with fresh gas regularly.)
Correct. In fact you have most likely increased demand since you burn some amount of gas just driving into the station
This has become a issue of national security. the strategic oil reserves would run the domestic military for only a short period of time. If they would start now a pipeline would come on line 5- 7 hears from now -- it is not something that could be whipped together since our state has a pipe line and is working on a gas pipeline I will drop you guys a few tidbits. The gas pipeline pipe is of a different size and guage of metal than anything thta is made -- the steel industry hast to custome make the pipe --- the equipment as discussed here locally to assemble this pipeline does not exist caterpilar or whoever has to make the yeavely equipment to work with said pipe the digging and prep for the pipe has to be done through permafrost ground that becomes unstable every spring and the weight of the oil or gasline is emmense. they have to build heating and monitoring stations and the have something called a pig that is sent though the il line to clean and inspect it. so to build such a thing involives a lot of cormpanies involving equipment and technology that is does not exist. congress and the senate are dealing with destroying this nation by blocking the nation getting its energy needs in order towards that day.
Done baby!
See greasecar.com
Boom and bust is the name of the game in commodities.
Everyone keeps saying that has changed because of the demand from China and India but I am not so sure.
Oil can still go higher just because it is priced in falling US dollars which China (and Japan) hold a lot of.
People can invest in Canadian oil & gas company stock through owning NA energy and resource mutual funds.
Suncor, Encana, Enbridge and of course, Exxon and Shell, are all in the Alberta fields.
But in the market, pigs get slaughtered and these mutual funds are way up and to make a profit one has to take a profit, i.e., sell.
On the other hand, IMO, there is always one really good reason to invest in NA energy funds and that is, energy independence from the ME and OPEC would be a bargain at almost any price.
Like every other part of this discussion, it seems like chicken feed until you multiply it by 100 million or more drivers. I see no need for me to hoard gas. I do think many people respond by panicking and hoarding and topping off. That does produce inactive reserves and boosts demand and prices some. It is a factor. That's all. Everyone has to respond according to his own situation.
Figures!
You're carping at the wrong guy. Tell all of the enviro-nuts and knuckle-dragging union apes we need abundant supplies of reasonably priced domestic oil. It's available, but mostly, these guys are in the way.
bttt
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