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Thread: oil peakers deader than dead as US production soars

  1. #31
    Iridium
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    Re: oil peakers deader than dead as US production soars

    another bullet in the peaker corpse -- natgas production record

    https://seekingalpha.com/article/419...ssure-building

    Lower 48 Natural Gas Production Hits All-Time High - Bearish Pressure Building

    Aug. 14, 2018 8:28 PM ET

    ================================================== ==============

    still more...

    https://oilprice.com/Energy/Crude-Oi...-Of-Crude.html

    Gulf Coast Refineries Process Record Volume Of Crude

    By Irina Slav - Aug 16, 2018, 9:30 AM CDT

    Gulf Coast refineries processed a record-high amount of crude oil last week, at 9.649 million barrels daily, the Energy Information Administration said in its weekly petroleum status report. The national total was also very high, at 17.981 million bpd.

    This summer has been very productive for U.S. refineries. The average capacity utilization rate at Gulf Coast refineries also hit a record, at 99.7 percent last week. What’s more, the four-week average crude oil throughput for all U.S. refineries passed the 18-million-bpd mark for the first time in history.

    The data reflects strengthening demand for oil products both domestically and internationally, with an emphasis on gasoline and distillate, the EIA said, with domestic gasoline demand hitting an all-time high in early June and remaining robust through the next two months.

    Exports of gasoline are also on the rise, with the figure for the second week of August at a daily average of 935,000 bpd, versus 670,000 bpd a year ago.


    This year is seen as the second in a row when refineries will book record-high activity, which reflects the strengthening of the U.S. economy, with this driving season making a good case in point. There’s been a lot of driving this summer season, and that’s despite rising prices at the pump. These gained 31 percent between May 2017 and May 2018, but driving increased nevertheless, and it increased further during the summer months.

    The increase in driving, according to a CNN report, was directly linked with the increase in refining activity in the past few months, which kept the supply of fuels robust and put a lid on prices at the pump. And refineries are refining more because their profit margin on gasoline, the most popular fuel, has improved substantially over the past 12 months. Margins on diesel have also risen, adding more incentive for refiners to go at full throttle and break records.

  2. #32
    Potmetal Cebu_4_2's Avatar
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    Re: oil peakers deader than dead as US production soars

    Meanwhile gas and NG are almost all time highs for the working folks.
    Jackie did it and you know it!

  3. #33
    Unobtanium Dogman's Avatar
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    Still say one thang l sumthing (dam tablet)
    is going on , not seen yet?

    Metal's took an dump, still not recovered, etc, etc. !

    ?
    "My reading no matter how transient is a dagger in the heart of ignorance."

  4. #34
    Iridium
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    Re: oil peakers deader than dead as US production soars

    Quote Originally Posted by Cebu_4_2 View Post
    Meanwhile gas and NG are almost all time highs for the working folks.
    not even close. are you newbie?

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    Unobtanium Dogman's Avatar
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    Quote Originally Posted by cheka. View Post

    not even close. are you newbie?
    LMFAO! thanks
    "My reading no matter how transient is a dagger in the heart of ignorance."

  6. #36
    Potmetal Cebu_4_2's Avatar
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    Re: oil peakers deader than dead as US production soars

    Jackie did it and you know it!

  7. #37
    .999 Unobtanium Horn's Avatar
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    Re: oil peakers deader than dead as US production soars

    Yeah, unfortunately domestic oil is still subject to taxes/tariff.

  8. The Following User Says Thank You to Horn For This Useful Post:

    Cebu_4_2 (18th August 2018)

  9. #38
    Great Value Carrots
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    Re: oil peakers deader than dead as US production soars

    Quote Originally Posted by Horn View Post
    Yeah, unfortunately domestic oil is still subject to taxes/tariff.
    And in some areas feminist leadership.

    April 2018 Global News
    Shock at the pump for some Metro Vancouver drivers, as gas prices broke an all-time record Sunday.
    “The 1.619 represents the single largest price point ever paid at any gas station, or any regional gas station across North America in the history of fuel.”
    Jan 2018 CBC News
    North American oil prices are marching toward $65 US a barrel this month, giving the industry a boost after the market collapsed three years ago. The oil sector hasn't seen these prices since late 2014, but most companies in Alberta are receiving significantly less, just above $40 US a barrel.
    The Alberta oilpatch continues to increase oil production, but as pipelines fill up, companies are receiving less money for their oil compared to the rest of the continent.
    To be fair, one should not forget about the puppet neocons:
    after the market collapsed three years ago
    Forbes 2015: An Russian Crisis with no End in Sight Thanks To Low Oil Prices and Sanctions

    570News 2015: Harper battles back as opposition leaders attack in first televised debate
    “The objective in all of these things is to make sure we do maximum damage to Vladimir Putin and to the Russian economy while trying to minimize damages to our own,” Harper said.

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    Cebu_4_2 (19th August 2018)

  11. #39
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    Re: oil peakers deader than dead as US production soars

    short term chart that leaves out the highs?

  12. #40
    Dangerous Donald Neuro's Avatar
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    Re: oil peakers deader than dead as US production soars

    Quote Originally Posted by cheka. View Post
    short term chart that leaves out the highs?
    A bit like the hockey shtick charts of earth temperature, that starts after the medieval warm period. Gas prices were higher 7-8 years ago...
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

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