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He should of made that toilet flush with the hood.kc8yqq wrote: ↑Thu Jan 28, 2021 7:10 amI think Red Green can help here: https://www.youtube.com/watch?v=RLd6174bz2k
Here it is: https://www.youtube.com/watch?v=9-JhnIcZ6UQMike Oxlong wrote: ↑Thu Jan 28, 2021 10:33 amFind the Red Green episode where he connects two K-cars together. One of my favorites.
Not necessarily. If OPEC decides to curtail production in response and/or North American producers decide to curtail production in response, those decisions can potentially more than offset any reduction in consumer demand.Even the slightest reduction in gas consumption will make the price of gas fall.
See my prior remarks above.Everyone just doing the speed limit would make the price of gas fall.
Temporarily - yes, these things could happen. Ultimately, such circumstances would lead to a sharp reduction in the crude oil price (the "upstream" part of the supply chain), which would lead to temporary well shut-ins, which would lead to less crude oil making its way to the refinery. Over time, inventory levels would reset and prices would return to "normal."This person (don't know if it was a guy or a gal) says even a slight drop in consumption will cause a big backup in the supply chain. Freighters would be sitting full waiting to unload. Refineries would have nowhere to put the product because their tanks aren't getting emptied. Excess capacity would make the price drop.
And the flip side is demand is now beginning to outstrip supply and prices are going up... is that right?MWmetalhead wrote: ↑Fri Feb 19, 2021 7:24 pmNot necessarily. If OPEC decides to curtail production in response and/or North American producers decide to curtail production in response, those decisions can potentially more than offset any reduction in consumer demand.Even the slightest reduction in gas consumption will make the price of gas fall.
A key determinant in determining the price is petroleum inventories. Another key determinant is refinery capacity.
See my prior remarks above.Everyone just doing the speed limit would make the price of gas fall.
Temporarily - yes, these things could happen. Ultimately, such circumstances would lead to a sharp reduction in the crude oil price (the "upstream" part of the supply chain), which would lead to temporary well shut-ins, which would lead to less crude oil making its way to the refinery. Over time, inventory levels would reset and prices would return to "normal."This person (don't know if it was a guy or a gal) says even a slight drop in consumption will cause a big backup in the supply chain. Freighters would be sitting full waiting to unload. Refineries would have nowhere to put the product because their tanks aren't getting emptied. Excess capacity would make the price drop.
Remember, what we saw last March and April was a cataclysmic drop in demand: say a 30%+ reduction compared to just 60 days' earlier. That is what caused prices to crash. That type of demand destruction is unprecedented in modern history. That's why tankers in the Gulf and just about everywhere else were being filled to the brim with petroleum products as were rail cars. There were no buyers for that stuff.
When the WTI spot contract fell into negative territory for a time in April, that was the signal oil producers needed to send their rig crews home and to turn off a large number of well heads.
I will answer that it is correct.Rate This wrote: ↑Fri Feb 19, 2021 8:42 pmAnd the flip side is demand is now beginning to outstrip supply and prices are going up... is that right?MWmetalhead wrote: ↑Fri Feb 19, 2021 7:24 pmNot necessarily. If OPEC decides to curtail production in response and/or North American producers decide to curtail production in response, those decisions can potentially more than offset any reduction in consumer demand.Even the slightest reduction in gas consumption will make the price of gas fall.
A key determinant in determining the price is petroleum inventories. Another key determinant is refinery capacity.
See my prior remarks above.Everyone just doing the speed limit would make the price of gas fall.
Temporarily - yes, these things could happen. Ultimately, such circumstances would lead to a sharp reduction in the crude oil price (the "upstream" part of the supply chain), which would lead to temporary well shut-ins, which would lead to less crude oil making its way to the refinery. Over time, inventory levels would reset and prices would return to "normal."This person (don't know if it was a guy or a gal) says even a slight drop in consumption will cause a big backup in the supply chain. Freighters would be sitting full waiting to unload. Refineries would have nowhere to put the product because their tanks aren't getting emptied. Excess capacity would make the price drop.
Remember, what we saw last March and April was a cataclysmic drop in demand: say a 30%+ reduction compared to just 60 days' earlier. That is what caused prices to crash. That type of demand destruction is unprecedented in modern history. That's why tankers in the Gulf and just about everywhere else were being filled to the brim with petroleum products as were rail cars. There were no buyers for that stuff.
When the WTI spot contract fell into negative territory for a time in April, that was the signal oil producers needed to send their rig crews home and to turn off a large number of well heads.
It was just coincidence that fuel prices were low during the previous administration.If you're suggesting Trump is responsible for low gas prices, I [blah blah blah]
You don't think Biden's anti oil stance, policy changes, shutting down Keystone XL and restrictions on drilling on federal land have had any effect on oil prices?kager wrote: ↑Sun Feb 28, 2021 9:24 amIt was just coincidence that fuel prices were low during the previous administration.If you're suggesting Trump is responsible for low gas prices, I [blah blah blah]
It's just coincidence that fuel prices are way up and continue in that direction during Obiden's administration.
You cannot blame those who don't know what they're doing for predictable fluctuations in the price of fuel.
It's all just a coincidental pattern.