OMFG!!! Regular gas $3.07

[Whiskey]

The E-85 is town is still under $2 today. i'm shocked. It was $1.95. I wonder what it will take to convert my dodge to it

Whiskey

 

[Whiskey]

Oh yeah, several of my friends have been getting their gas or diesel from other friends that are farmers. I just might have to as well. it isn't taxed

Whiskey

 

[gotmilk]

now they cant ship enough of it.

There are about 138 ships in the world that can handle crude oil. They average about 2.5 Million barrels per ship. There are seven ships that can handle 7 million barrels per cargo. There are more on the way and some that are close to being ready to go back into use.

Put it this way. I just sold 20 million barrels a month for 60 months. My buyer needs 8 ships alone to handle their allocation. Now throw in all the other buyers in the entire world. The problem lies in shipping. Just because refinaries are working at full capacity does not mean they have enough crude to process. They can't get enough crude oil to begin with because of the lack of shipping.

proven reserves are still over a billion bbls probably.

Closer to a couple of trillion. The Saudi's still have an estimated 220 billion, the Canadian tarbox area has close to 250 billion, Wolverine Gas and Oil found close to 1 Billion in Utah alone. My friends control 300 Million off of Nigeria/Ghana in multiple fields. I think you see my point. There are trillions of barrels of oil available throughout the world and even larger natural gas pockets.

where i work there is a day trader on site. his sole job is to buy and sell crude.

Ask him if he can find REBCO at $4/$3 CIF. JP54 jet fuel and D2 specifically from a Europe location for CIF Italy. If he can...I'll hook you up with fat profits.

 

[Razorguns]

Ask him if he can find REBCO at $4/$3 CIF. JP54 jet fuel and D2 specifically from a Europe location for CIF Italy. If he can...I'll hook you up with fat profits.

Is this a lucrative field? Lots of people are making money off of oil in this industry, and i've love to stick myself in there somewhere.

 

[gotmilk]

Is this a lucrative field? Lots of people are making money off of oil in this industry, and i've love to stick myself in there somewhere.

It's lucrative but hard. For every 50 offers I get, I find only one or two are legit. I have a friend who is in charge of purchasing for a large petroleum company. She buys whatever i can find. Most of the time I receive offers from people who can never provide proof of product. I get a bunch of Russian shitheads emailing me claiming the have crude only to see them try to weasel money in advance.

You learn who is legit real quickly.

Jet Fuel is the one in demand right now. JP54 to be exact. I can't find enough of it. Major airports, military depots, and general air freight companies can't buy enough at this time. Logan Airport in Boston is talking about cutting flights because they almost ran out recently and could not get filled fast enough.

 

[spongebob]

There are about 138 ships in the world that can handle crude oil. They average about 2.5 Million barrels per ship. There are seven ships that can handle 7 million barrels per cargo. There are more on the way and some that are close to being ready to go back into use.

Put it this way. I just sold 20 million barrels a month for 60 months. My buyer needs 8 ships alone to handle their allocation. Now throw in all the other buyers in the entire world. The problem lies in shipping. Just because refinaries are working at full capacity does not mean they have enough crude to process. They can't get enough crude oil to begin with because of the lack of shipping.


Closer to a couple of trillion. The Saudi's still have an estimated 220 billion, the Canadian tarbox area has close to 250 billion, Wolverine Gas and Oil found close to 1 Billion in Utah alone. My friends control 300 Million off of Nigeria/Ghana in multiple fields. I think you see my point. There are trillions of barrels of oil available throughout the world and even larger natural gas pockets.
.

if they cant get enough crude why are they at near full capacity. your contradicting yourself. the allocations have done been negotiated at that point. the fact that you cant line up a ship doesnt change the price does it?

if the refineries are at full capacity ship all the oil you want, it aint gonna change gasoline supplies.

i have never heard of a refinery NOT getting enough crude. it just doesnt happen. if refineries are working at near maximum capacity then that tells me they are not having a problem getting crude. this is not a driving factor in the cost of your gasoline at the pump. i have never read of this problem. the problems i outlined about production and refining limits as well as the fact that its all traded as futures is everything you read about. remember the strike in venezuela? remember the ruptered pipeline in arizona? remember when terrorist hit irags refineries and pipelines? remember when the explosion happened at the 3rd largest refinery in the country?

now can you remember what happened after these events, prices went up. we just had another explosion here recently. the markets responded accordingly.

your right i typed in the wrong number. reserves are over a trillion.

Ask him if he can find REBCO at $4/$3 CIF. JP54 jet fuel and D2 specifically from a Europe location for CIF Italy. If he can...I'll hook you up with fat profits.

lol hell ya lets make some money. i will keep that in mind. to be honest im just an average joe worker at the plant. but i will keep it in mind.

whats funny is there is a new hire from nigeria. he to is just a worker and the other day he wanted to line up some crude for the plant. it just sounds funny for someone in his position to be able to do that.

although it sounds like your part of the problem. jk.

 

[spongebob]

It's lucrative but hard. For every 50 offers I get, I find only one or two are legit. I have a friend who is in charge of purchasing for a large petroleum company. She buys whatever i can find. Most of the time I receive offers from people who can never provide proof of product. I get a bunch of Russian shitheads emailing me claiming the have crude only to see them try to weasel money in advance.

You learn who is legit real quickly.

.

thats surprising, and interesting. and how often are the one or two legit offers?

 

[gotmilk]

if they cant get enough crude why are they at near full capacity

That's a myth. Most refinaries are not at max production but say they are so they can justify the increase in oil prices.

If they were maxed out, they wouldn't be seeking additional allocations because their stock piles would just become larger. They wouldn't be able to process additional inventory fast enough.

Some of the smaller refinaries are maxed out. Most of the larger one's can't find enough REBCO to refine into jet fuel and gasoline. The larger one's are accepting small allocations as little as 1 MT per month because they'll take anything they can get their hands on.


It reminds me of how the Russian vendors claim they are only producing 9 Million barrels a day. The truth is they are filling hundreds of millions of barrels monthly. The Russian gov't takes 84 cents of every 1 dollar in reported REBCO sales. So, the sellers don't report the actual allocations and ship it via the Port of Novorossijsk, where they can get away with filling without reporting because the Port is so crooked.


I've heard the stories about refineries being maxed at production. Not all are.

 

[wutangnomo]

I like the higher prices. It keeps many bad drivers and their piece of shit cars off the roads. It actually makes driving more enjoyable.

This makes no sense. You're extrapolating that higher gas prices results in fewer bad drivers? Ummm how? So you're saying that bad drivers can't afford to pay at the pump? Plenty of bad drivers that have money.

 

[spongebob]

That's a myth. Most refinaries are not at max production but say they are so they can justify the increase in oil prices.

If they were maxed out, they wouldn't be seeking additional allocations because their stock piles would just become larger. They wouldn't be able to process additional inventory fast enough.

sorry i just dont buy it. i work at one of the largest and my brother works at another very large one. we work in the units, we know the capabilities. you cant just pump as much as you want thru the units. trust me, at the profit margins there getting right now on gasoline you bet they are refining AS MUCH AS POSSIBLE. no doubt about it.

Some of the smaller refinaries are maxed out. Most of the larger one's can't find enough REBCO to refine into jet fuel and gasoline. The larger one's are accepting small allocations as little as 1 MT per month because they'll take anything they can get their hands on.

if they'll take anything they can get thier hands on, it sounds like a shortage, like ive said.

and what is rebco?