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re: Oil Executives: Fuel Crisis is here
Posted on 9/14/26 at 8:11 pm to Powerman
Posted on 9/14/26 at 8:11 pm to Powerman
Correct. EVs make a lot of sense for a lot of people.
I am poking at the fact that most people only care about what they directly pay for (gas at the pump) and have zero understanding of liquid energy's role in the global economy.
I am poking at the fact that most people only care about what they directly pay for (gas at the pump) and have zero understanding of liquid energy's role in the global economy.
Posted on 9/14/26 at 8:27 pm to NashvilleTider
quote:
Drive a Tesla don’t care
And you get downvoted for being able to "fill" your car in your garage with a plug. Fools they are!
Posted on 9/14/26 at 8:38 pm to Stat M Repairman
quote:
Will also note that the SPR was intentionally drawn down when it wasn't even an emergency.
This has almost nothing to do with any of our current issues. Yes it was stupid, but the SPR and how much it's holding doesn't really matter all that much.
Posted on 9/14/26 at 8:40 pm to DownshiftAndFloorIt
quote:
A true fuel crisis is going to have much more significant impacts on most people than their personal transportation fuel costs.
I agree we aren't at a true crises level, but watch the prices keep climbing for almost everything we buy if these diesel prices don't start dropping.
Posted on 9/14/26 at 8:45 pm to ragincajun03
quote:
There’s a Shell station amongst River Oaks in Houston that has been 75 cents to a buck per gallon more than others just several blocks down for as long as I can remember.
Keeps all those Dodge Chargers, Altimas, and their drivers away from the station with that extra buck. River Oaks neighborhood preferred location for a fill up.
Posted on 9/14/26 at 8:52 pm to ragincajun03
quote:
There’s a Shell station amongst River Oaks in Houston that has been 75 cents to a buck per gallon more than others just several blocks down for as long as I can remember.
I wonder how much is profit taking by some convenience stores that sell name brand gas with apps that offer up to a dollar off if you use the App to pay or sign up for a fuel branded credit card where you get 25-50 cents off the first 5 fill ups.
Posted on 9/14/26 at 8:55 pm to DownshiftAndFloorIt
quote:
Correct. EVs make a lot of sense for a lot of people.
I am poking at the fact that most people only care about what they directly pay for (gas at the pump) and have zero understanding of liquid energy's role in the global economy.
Understandable. At least there is a mix on the grid though. It's somewhat of a diversified asset.
Posted on 9/14/26 at 9:06 pm to Tigerfan1274
This would not be nearly as bad had the greedy refiners not decided to artificially limit their capacity. fricking assholes. Same with the lumber mills
Posted on 9/14/26 at 9:10 pm to NashvilleTider
quote:
Drive a Tesla don’t care
Honestly one of the best purchases I've ever made was buying a Tesla. The only time I'm impacted now if when I fill up my boat or my airplane then it gets expensive.
Posted on 9/14/26 at 9:12 pm to ragincajun03
Chevron does actually see prices at the pump…they are fully integrated from the reservoir to the refining to the pump.
Posted on 9/14/26 at 9:13 pm to TigerDeBaiter
quote:
This would not be nearly as bad had the greedy refiners not decided to artificially limit their capacity. fricking assholes. Same with the lumber mills
Seriously ?
You might be a Trumpanican
Posted on 9/14/26 at 9:17 pm to ragincajun03
That’s because it’s in River Oaks you tard.
The retailer (gas station owner) generally has a fuel-supply agreement requiring Chevron-branded motor fuel purchases.
The retailer (gas station owner) generally has a fuel-supply agreement requiring Chevron-branded motor fuel purchases.
Posted on 9/14/26 at 9:17 pm to RobertFootball
Most oil in the world is owned by national oil companies. Chevron and Exxon are little boys now.
Posted on 9/14/26 at 9:50 pm to Tigerfan1274
There is no fuel crisis. It's just diesel and it's in short supply and will remain high for a while. Especially with Europe willing to pay a premium. We weren't refining as much diesel as we could because it wasn't as profitable as it is now. The crack spread wasn't there until last summer.
Plus...Ukraine striking Russia's refineries was a deliberate midterm election move. The GOPe doesn't want to win.
Plus...Ukraine striking Russia's refineries was a deliberate midterm election move. The GOPe doesn't want to win.
This post was edited on 9/14/26 at 9:52 pm
Posted on 9/14/26 at 10:03 pm to Tigerfan1274
Shocked oil executives would cause the world to panic over oil supplies.
Posted on 9/14/26 at 10:11 pm to ragincajun03
quote:
Chevron and other companies that drill and produce oil don’t set prices as the pump.
Yes they do, and you know they do
What will happen to pump prices now that this executive has proclaimed a crisis? If your answer is record profits, then your answer is also that they can effect pump prices
Posted on 9/14/26 at 10:34 pm to Tigerfan1274
We are awash with Oil, we just can not refine it fast enough.
Because we have not built a new refinery in a long time.
Because we have not built a new refinery in a long time.
Posted on 9/14/26 at 11:03 pm to loogaroo
quote:This will impact every facet of American life.
There is no fuel crisis. It's just diesel and it's in short supply and will remain high for a while.
Posted on 9/14/26 at 11:09 pm to CastleBravo
quote:
We are awash with Oil, we just can not refine it fast enough.
Because we have not built a new refinery in a long time.
And to a large etxent we export the oil we produce and refine the oil we import
That's not a switch we can flip overnight but a problem we should have been looking to solve decades ago
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