DING DING DING we have a winner, plus winter is gonna be here real soon. Production is going to shift a little more to bias heating fuels rather than motor fuels.
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It won't have much of an effect on gas prices. They might spike by a couple pennies for a week or so as a result. Besides, the shipping line's insurance company will probably cover the loss--not to mention the oil will most likely be recovered for a price marginal to its real value.Leave a comment:
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yeah, it's all a big conspiracy :roll:
or could it be the falling dollar pushing commodity prices up.. nahhh.Leave a comment:
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Gas did go up while I have been gone the last 7 days. Went from 2.65 to 2.74 for premium in my area. Big jump why? Artifically created lack of supply....Leave a comment:
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Weather? For starters weather impacts more than one ship. It also impacts the production of refined petrol directly by shutting down pipelines and refineries.
One ship isnt going to do shit unless you think a .3% uptick is a "spike." Crude is in surplus at the moment and most of it comes via pipelines from our own continent, this is a drop in the bucket.Leave a comment:
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oh shit you got me there. Ill tell you what though, I sleep better at night not following this kind of stuff. I just close my eyes and go for the ride.Leave a comment:
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lol.. you beleive what you read on a fox news article? They could tell me the grass is green, i still wouldnt trust it.Leave a comment:
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shit with returns like that, I might as well pull all my money outta Oil and Gas and put it into Piracy.Leave a comment:
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"'Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 "maritime companies" and now we are hosting 72. Ten of them have so far been successful at hijacking,' Mohammed [a wealthy former pirate who took a Reuters reporter to the facility] said. ... Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others waiting for her cut of a ransom pay-out after one of the gangs freed a Spanish tuna fishing vessel. 'I am waiting for my share after I contributed a rocket-propelled grenade for the operation,' she said, adding that she got the weapon from her ex-husband in alimony. 'I am really happy and lucky. I have made $75,000 in only 38 days since I joined the "company."Leave a comment:
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yep, none. it actually crashed because of the dubai crisis, the only reason it's up today is because it looks like they may be able to work something out with their creditors. the pirates might make up a penny of todays price but it's dwarfed by other market forces.
ignorance is bliss I guess?Leave a comment:
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It will have 'no effect'? Are you joking?
Gas prices spike because of the weather once the weather is predicted and nothing has happened. Sometimes as far as a week in advance. Anything related to crude oil or fuel in the news causes this to happen.Leave a comment:
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