Date: Sat, 5 Mar 2005 10:01:56 -0600
Reply-To: Richard Green <rlgreen@INDUSTRYINET.COM>
Sender: Vanagon Mailing List <vanagon@gerry.vanagon.com>
From: Richard Green <rlgreen@INDUSTRYINET.COM>
Subject: Re: gas prices going up.....more...John
In-Reply-To: <4228DB7D.1000009@charter.net>
Content-Type: text/plain; charset=ISO-8859-1; format=flowed
I get several small oil checks from royalties that I inherited and
they have not gone up... I don't know where the $50 up stuff is coming
from but I can say it is not from the older wells. My stuff is in Texas
and I have seen producing wells not pumping. Some of them only pump the
minimum to keep the company from looseing the well back to the land
owners. Their are a few smaller guys going around and leasing capped
wells and opening them up and producing oil from them. But I must say
that yhe big guys are not playing that game....
Richard.
PS, several are only a few cents a year.. I am a rich guy, only not in
money.. 8>)
John Rodgers wrote:
> Now you know someone who limits driving because of the price of gas.
>
> I have a fixed income, and the gas thing is making me take a hit. I saw
> this coming some time ago, and rearranged my life because of it. I no
> longer make the long commute drive to work every day. I get up, walk 50
> feet to my home shop - from which I make my living, and work there all
> day. If I leave the premises more than twice a week I have had a busy
> week. This is now my "normal" routine. I may make a trip once in a
> while, and that increases my cost, but just for daily living, I'm very
> cognizant of this fuel price stuff.
>
> I think the oil shortage is hoakum - partly the consequence of extremely
> poor planning on the part of our government, partly because of
> contrived conditions on the part of industry, and partly because of
> stupidity of the public. We have allowed ourselves to get snared into
> this relation with foreign oil interests, haven't developed our own
> resources, haven't developed more fuel efficient technology, haven't
> developed conservative habits. We burn fuels like there is no tomorrow.
> There is plenty of oil. It has just been easier to purchase from the
> middle east than to develop our own resources, even when purchasing at a
> higher price. There is plenty of oil!! But our infrastructure won't
> handle the processing of more. Our refineries are limited. in their
> capacity to the point they can't meet production demands. So, marginal
> availability is the result, which drives up prices. Has every one
> running scared. Part of the oil scare right now is to try and drive
> through the development of ANWAR in Alaska. It is stupid! Alaska
> politicians are looking for another boondoggle circa 1970's. If you
> look around, the gulf of Mexico off the coast of Alabama has oil rig
> after oil rig after oil rig sitting out there with capped wells. They
> are simply not pumping. Same is true for Louisiana, Texas, Oklahoma, and
> parts of New Mexico, and I don't know where else. And then there are the
> shale oil fields that are in the western states, just waiting to be
> tapped. This oil thing is crazy. Add to that the fact that Alabama, and
> other Gulf coast states, as well as Alaska, have an absolutely untold
> amount of natural gas that could be tapped, liquified, and distributed,
> giving us a relatively contaminant free byproduct of combustion.
>
> The fuel thing is manipulated to get the most money out of all of us. I
> believe that. If you had a refinery sitting in an oil field, why would
> the gasoline produced there cost (sell) for as much as gas produced
> anywhere else. Fuel costs increase the further they are distributed from
> the cracking plant. But get this......Alaskans pay the same prices for
> gasoline as those in the Lower 48 States. And they have the Cook Inlet
> Oil Fields in their backyard, and a Tesoro Cracking Plant right there.
> The plant takes the oil from the oil field - the oil platforms being
> with in eyesight of the refinery , cracks it, sends it 100 miles through
> a pipeline to Anchorage where it is delivered to various Distribution
> companies,- Shell, Texaco, Mapco, to name a few - and it is all the
> same gasoline from one plant. And Alaskans are charged the same price as
> if they were "Outside" buying gas in California or some where. Why??
> Because of "Rules" that allow the manipulation of the prices.
>
> We Americans really can be stupid about things, sometimes.
>
> OK, Rant over, and the soap box is put away.
>
> Regards,
>
> John Rodgers
> 88 GL DRiver
>
>
>
> Jonathan Farrugia wrote:
>
>> everyone likes to whine about the price of gas but i don't know anyone
>> that drives any less than they used to, at least not over the price of
>> gas. nor do people seem to be getting rid of their suv in favor of
>> something that make more sense.
>>
>> jonathan
>>
>> On Fri, 4 Mar 2005 JordanVw@AOL.COM wrote:
>>
>>
>>
>>> and you thought it was bad enough..
>>> last night i put $40 of gas in my car.. its just insane..
>>> chris
>>> -----
>>> from USA today:
>>> (March 4) Gasoline prices could rocket 24 cents a gallon the next
>>> few days,
>>> as stations across the USA scramble to keep up with big jumps in the
>>> prices of
>>> oil and wholesale gas, a veteran energy-price analyst forecast
>>> Thursday.
>>>
>>> "It's going to be brutal, horrendous," says Peter Beutel, president of
>>> energy-price tracker Cameron Hanover. He has followed energy markets
>>> for nearly
>>> three decades.
>>>
>>> Thursday, light, sweet crude oil for April delivery traded as high
>>> as $55.20
>>> a barrel in New York before closing at $53.57.
>>>
>>> A 24-cent jump in the price of gas would bump unleaded regular to a
>>> nationwide average of about $2.16 a gallon, blowing through last
>>> May's record of about
>>> $2.06. It could go higher as increased warm-weather driving in
>>> another two
>>> months pushes up demand, and therefore prices, forecasters say.
>>>
>>> Adjusted for inflation, gas would have to hit about $2.95 for a record.
>>>
>>> The price increase translates to "$90 million a day, every day that it
>>> remains in effect," which could be several months, Beutel says.
>>>
>>>
>>>
>>>
>>>
>>
>>
>>
>>
>
>
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