Libyan streets filled with blood

[Papa_Complex]

Originally Posted by goof2

This is why I don't understand the whole "Its the oil companies/speculators/whoevers manipulating the market" thing. Expensive gas shouldn't be coming as a surprise. Demand is far outpacing supply. The only reason oil dropped back down from its 2008 highs was because the global economy got wasted and the demand for oil declined. There hasn't been any significant increase in supply since then and now that demand has rebounded we are right back where we were. Blaming the "speculators" is fine and all but it fails to recognize that they are most likely speculating accurately.

Perhaps because they aren't building refineries, to meet the demand? It's an artificial restriction.

[goof2]

Originally Posted by Papa_Complex

Perhaps because they aren't building refineries, to meet the demand? It's an artificial restriction.

They claim it isn't by choice but due to over-regulation making building new refineries untenable. Its possible that is wrong but I tend to believe it. Add in that fluctuations in gas prices have pretty well mirrored the same in oil prices and I also tend to believe it is currently a raw material (oil) cost issue rather than production (refining) capacity issue anyway.

[Papa_Complex]

Originally Posted by goof2

They claim it isn't by choice but due to over-regulation making building new refineries untenable. Its possible that is wrong but I tend to believe it. Add in that fluctuations in gas prices have pretty well mirrored the same in oil prices and I also tend to believe it is currently a raw material (oil) cost issue rather than production (refining) capacity issue anyway.

In other words they don't want to build if they have to meet today's environmental regulations, when their old refineries were very likely grandfathered?

I don't know about down there, but up here the 'fluctuations' haven't exactly followed the per-barrel price of oil. They've gone up in pace with the rises. They haven't fallen as much as they should have. As a result over the last several years gas has gone from the high $0.7X per Litre range, to a current price in excess of $1.15 per Litre.

[pauldun170]

Originally Posted by EpyonXero

This was taken in Bahrain

http://www.youtube.com/watch?v=fwnUQ...ipcontrinter=1

Meh...saw a similar video from gaza and thats all just fake.
Do yous see anyone get shot?
No
All you really see is the guy in the white shirt do the happy dance.

This is obviously staged to put the government in a bad light....

ok I cant even keep a straight face pulling that one outta my ass.


but seriously man in white shirt has serious happy dance....specially at 32 sec mark

[tallywacker]

http://www.youtube.com/watch?v=wZ80pmigNYU

[pauldun170]

Originally Posted by tallywacker

http://www.youtube.com/watch?v=wZ80pmigNYU

bombs by casio!!!
Helicopters by south park!!

Can anyone name the fonts they used?

[goof2]

Originally Posted by Papa_Complex

In other words they don't want to build if they have to meet today's environmental regulations, when their old refineries were very likely grandfathered?

I don't know about down there, but up here the 'fluctuations' haven't exactly followed the per-barrel price of oil. They've gone up in pace with the rises. They haven't fallen as much as they should have. As a result over the last several years gas has gone from the high $0.7X per Litre range, to a current price in excess of $1.15 per Litre.

In other words they can't build them profitably, or even get any kind of assurance that they will be able to build them at all, under today's environmental regulations. The reasons there aren't any new nuclear power plants under construction are the same given for why there are no new refineries under construction.

Concerning fluctuations take a look at the chart. It is from a website called gasbuddy.com that purports to be for consumers. I can't speak to the veracity of their chart but the oil prices seem to track pretty accurately. If the consumer gas prices listed are accurate then the chart pretty well tracks with what I'm saying about prices.

[Papa_Complex]

Correction: Overnight, gas prices in Toronto went to $1.21/L. That's $4.59/US Gal. With our dollar essentially at parity with yours, someone would have a very difficult time explaining to me why we pay so much more than you do, especially given that you get a hell of a lot of our oil. Now add in that it takes roughly 3 months before the price at the wellhead effects the price at the pumps...

They're paying $4.78/US Gal in Montreal, right now.

[dReWpY]

We jumped 10 cents over night

[Papa_Complex]

We jumped more like $0.20 overnight.