up .14 cents in one day

[kenimpzoom]

Re: up .14 cents in one day

They raise the prices of gasoline in anticipation of what they will have to pay for it when the next tanker pulls in to fill them up.<br /><br />The only people making a killing are the ones who drill to get the oil out of the ground. All others are just victims along the supply chain.<br /><br />Solution = buy a geo metro. <br /><br />Ken

 

[18rabbit]

Re: up .14 cents in one day

Originally posted by rodbolt:<br /> but have ya read anything of Brazil and how they went opec free. to bad it was their govt that forced out the oil companies .<br /> bad govt.<br />dont know how true it is but I keep reading they figguered it out.<br /> I will admit they have a bit better growth conditions for sugar cane but we really havent tried.

Brazil; home to the world’s largest hydro-electric power plant…built with a loan from the World Bank…required Brazil to implement an income tax scheme on her citizen to pay back the World Bank loan, something that will never be realized.

 

[kenimpzoom]

Re: up .14 cents in one day

Originally posted by heycods:<br /> LEE C MOORE 127 ft. triple derrick, 12 ft. Sub base, upper & lower dog houses. 500hp, EMSCO draw works, 150 ton shorty block & hook. 17 1/2" table catwalk & racks, mud system. 2 duplex pumps, $875000 total package. <br /> 2 DRILLING Rigs, 4000 ft & 7000 ft. capacity, complete Will sell for cash or lease by footage or monthly rate<br /><br /><br />Our problems are over, were draging out our 1950s and 1960s vintage drilling rigs and putting them back to work, Well be energy independent in no time at all.

At least those are "triple" derrik rigs. In the last boom they dragged out the "double" ones. But the duplex pumps are really old school. You would be suprised how much oil you can get at 4000-7000 ft. It doesnt come fast or plentiful, but at 70 bucks a barrel, there are many people digging for the black gold.<br /><br />Ken

 

[rwise]

Re: up .14 cents in one day

Originally posted by heycods:<br /> <br />Our problems are over, were draging out our 1950s and 1960s vintage drilling rigs and putting them back to work, Well be energy independent in no time at all.

cause we sold off all the newer stuff years ago, and the manufacturers closed there doors!

 

[rodbolt]

Re: up .14 cents in one day

nioce to see 18r reads so much and is bottle fed news by our alphabet sound bite system,<br /> I was refering to how much gaoline brizil now uses. most of there vehicles run on 24% ethanol and many on 100% with a govt mandate that all vehicles will run on ethanol soon, how soon remains to be seen but so far they have all but weaned themselves. but like I say their climate is more conducive to growing sugar cane and fruits which give better yeilds than corn.<br /> but if a third world govt can do it why cant our govt, git er done ?<br /> could it be the amount of folks in our govt that have ties to oil for profits ?<br />or could it just be a lack of careing ?