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(Hurricane) Harvey throws a wrench into U.S. energy engine
Reuters ^
| August 27, 2017
| Ernest Scheyder and Erwin Seba
Posted on 08/28/2017 8:30:34 AM PDT by Perseverando
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Time to fill up the POVs as we watch gas prices rise.
To: Perseverando
We have sooooo many sources now. Let’s see if it’s about “supply and demand”...or gouging.
To: Perseverando
SPR should be filled to the brim at this point in time.
To: Perseverando
This is just a chance for the oil companies to gouge the consumer. This is an easy fix. Streamline the EPA regulations and have ONE blend of gas for the entire country. This dozens of different blends is asinine and simply creates problems. Most of the other refineries in the country could pick up the slack if they where allowed to produce a single blend nationally
4
posted on
08/28/2017 8:36:21 AM PDT
by
Jim from C-Town
(The government is rarely benevolent, often malevolent and never benign!)
To: Sacajaweau
All of a sudden I’m feeling very selfish for being concerned about a few cents per gallon when so many are suffering the loss of so much in Texas, Louisiana, etc.
Thoughts and prayers for all affected by this incredible devastation.
5
posted on
08/28/2017 8:36:40 AM PDT
by
Perseverando
(For Progressives, Islamonazis & other Totalitarians: It's all about PEOPLE CONTROL!)
To: Sacajaweau
Every natural disaster produces mean little people who will try to gouge their customers.
Take a picture with the price of gas or whatever, even bottled water....post it along with the name of the store or filling station on FB or local newpaper.
6
posted on
08/28/2017 8:38:01 AM PDT
by
yoe
To: Perseverando
“Gasoline futures jumped as much as 7 percent to their highest level in more than two years in early Monday trading in Asia as traders took stock of the storms impact. “
AND THAT is why the price will raise significantly. It’s not the disasters that add to the price of gasoline, it’s the SPECULATORS who need to buy another yacht.
7
posted on
08/28/2017 8:39:18 AM PDT
by
UCANSEE2
(Lost my tagline on Flight MH370. Sorry for the inconvenience.)
To: Perseverando
Gas prices haven’t budged at all here in East TN over the past few days.
8
posted on
08/28/2017 8:40:19 AM PDT
by
who knows what evil?
(Yehovah saved more animals than people on the ark...www.siameserescue.com)
To: Perseverando
The only problem is that with fracking opening a lot of new oil and gas fields, a major hurricane hurting supply is less of an issue than before (remember, in 2005 most of the oil and gas production was heavily concentrated in Texas, Oklahoma and Louisiana).
9
posted on
08/28/2017 8:42:04 AM PDT
by
RayChuang88
(FairTax: America's EconOomic Cure)
To: Jim from C-Town
Streamline the EPA regulations and have ONE blend of gas for the entire country. Considering how fuel efficient most vehicles are today, there is no longer a need for multiple blends. I totally agree with you. ALSO, they need to get the ETHANOL out of our gasoline.
10
posted on
08/28/2017 8:42:31 AM PDT
by
UCANSEE2
(Lost my tagline on Flight MH370. Sorry for the inconvenience.)
To: Sacajaweau
Lets see if its about supply and demand...or gouging.
American CEO's need to learn that the only thing price gouging accomplishes in the long run is electing Democrats (who are increasingly Communists).
To: Perseverando
So far, the federal government has not announced if it will release barrels of oil or refined products from the nations Strategic Petroleum Reserve (SPR), which holds nearly 680 million barrels of oil. So what good would releasing oil from the Strategic Petroleum Reserve to if the problem is that the refineries are all under water?
To: Sacajaweau
What makes this one special is all the rain.
I didn’t know rain was that big of a deal to oil rigs and refineries.
To: who knows what evil?
Immediately up 15 to 20 cents per gallon in my area. The price jumped on Friday before any actual damage even occurred.
14
posted on
08/28/2017 8:51:11 AM PDT
by
Obadiah
To: Obadiah
The price jumped on Friday before any actual damage even occurred. That is exactly what I was expecting, but not happening...yet. Maybe this afternoon. :-)
15
posted on
08/28/2017 8:53:36 AM PDT
by
who knows what evil?
(Yehovah saved more animals than people on the ark...www.siameserescue.com)
To: Obadiah
I’m in northwestern North Carolina and went to fill up yesterday under the impression that retail price was going up, but no change. Still $2.14 a gallon. The eastern part of NC is apparently another matter, though. Different pipeline? Don’t know. We’re served by Colonial Pipeline here, large “tank farm” just south of the airport.
To: UCANSEE2
ALSO, they need to get the ETHANOL out of our gasoline. Why? Don't you like engine knocks? /s/
17
posted on
08/28/2017 8:55:27 AM PDT
by
Jim from C-Town
(The government is rarely benevolent, often malevolent and never benign!)
To: DoodleDawg
It would relieve some of the supply pressure due to refineries being down, thereby easing the cost burden on US citizens. Do you view this as a bad thing?
To: RegulatorCountry
It would relieve some of the supply pressure due to refineries being down, thereby easing the cost burden on US citizens. Do you view this as a bad thing? You're missing my point. The oil in the petroleum reserve is unrefined. If the refineries are down then we could empty the reserve completely and there would be no place to process it, therefore no relief to the supply pressure.
To: Obadiah
They would have bumped it up about 10 cents anyway just because Labor Day weekend.
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