fact
1 - 8 of 8 Posts
Point being we are gonna get screwed even worse?
I have a tiny part in a petro well here at home. Amazing thing is the price we get for a barrel of crude oil has remained almost exactly the same for the last number of years and thats been between 32 and 38 a barrel basically. And I've seen gas and diesel go from 1.25 to over 3.00 a gallon..... ***???
Seems like a conspiracy to get rich somewhere.
Jeff
I have a tiny part in a petro well here at home. Amazing thing is the price we get for a barrel of crude oil has remained almost exactly the same for the last number of years and thats been between 32 and 38 a barrel basically. And I've seen gas and diesel go from 1.25 to over 3.00 a gallon..... ***???
Seems like a conspiracy to get rich somewhere.
Jeff
Joined
·
2,621 Posts
I have never bought a gallon of gas in Europe. My concern is limited to the Chevron down on the corner.
Joined
·
2,630 Posts
The high prices for crude are for light sweet (Paraffinaceous) crude. What kind of mixture is coming out of your well?rost495 said:
Paraffins are Hydrocarbons with 8 or less Carbon atoms in the molecule. Hydrocarbons with more than 8 Carbon atoms are refered to as asphaltic.
Crude that is more pariffinaceous is much easier to convert into Gasoline, Diesel, Heating oil, etc than more Asphaltic crude. Thus Asphaltic oil comands a much lower price on the Markets.
Not exactly sure what comes out of the well, what I'm saying is that the price of it has not varied much if any, which, to me, means there is no shortage, much like the late 70s. If there was a shortage even the worse crude would be more valuable and more used and in demand. Much like scrap metals at times.
Though I do understand that part of the issue is refineries-- but again I defer-- if there really is so much demand-- more would be built one way or another. And I don't know of anyone that has not cut way back on their usage, as much as they can, since these crazy prices. So where exactly do we sit in this issue, other than bent over?
Jeff
Though I do understand that part of the issue is refineries-- but again I defer-- if there really is so much demand-- more would be built one way or another. And I don't know of anyone that has not cut way back on their usage, as much as they can, since these crazy prices. So where exactly do we sit in this issue, other than bent over?
Jeff
1 - 8 of 8 Posts
