greggy said:I thought it was saudis upping production....
And you mean buck fifty a gallon.....try gas or diesel here...it is buck fifty a litre !!!
jltrent said:Russia is flooding the market to drive the price down. Trying to drive the shale producers here out of business.
greggy said:The US should save all it's oil for when it is needed, which may be quite soon.... our govt has about 4 weeks or so on hand & closed all the refineries long ago, we have the most stupid unprepared system of everyone... we have the opposite of what Trump spruiks, this virus may wake a few up, but I doubt it.
And we pay around 5 bucks a gallon, and was around that level when our dollar was on parity with US..
We wont get cheap fuel, someone will pocket most of any difference.
greggy said:VS our capacity of not even a barrel......nothing to worry about here.....lol
greggy said:The US should save all it's oil for when it is needed, which may be quite soon.... our govt has about 4 weeks or so on hand & closed all the refineries long ago, we have the most stupid unprepared system of everyone... we have the opposite of what Trump spruiks, this virus may wake a few up, but I doubt it.
And we pay around 5 bucks a gallon, and was around that level when our dollar was on parity with US..
We wont get cheap fuel, someone will pocket most of any difference.
ga.prime said:greggy said:The US should save all it's oil for when it is needed, which may be quite soon.... our govt has about 4 weeks or so on hand & closed all the refineries long ago, we have the most stupid unprepared system of everyone... we have the opposite of what Trump spruiks, this virus may wake a few up, but I doubt it.
And we pay around 5 bucks a gallon, and was around that level when our dollar was on parity with US..
We wont get cheap fuel, someone will pocket most of any difference.
So it's like Mad Max there?
greggy said:I have worked in a lot of things, my main background is electrical.
I remember some time back, when the world was going to run out of fuel & everyone relied on mid east, I think the US had a holy sheez moment, and took steps to fix that, while we did the exact opposite, but expanded our reliance into Asia as well, we make nearly nothing now, we used to make everything...
We have academics that get on TV and say we do not need to make stuff, we can just be a service economy, all well and good in theory, till you have a health crisis, a fuel crisis, or a war....maybe the academics can negotiate our way out of these sort of difficulties ?
greggy said:VS our capacity of not even a barrel......nothing to worry about here.....lol
Redgully said:greggy said:VS our capacity of not even a barrel......nothing to worry about here.....lol
Steady on, there is a refinery 45 minutes from me that refines 140,000 barrels a day. Australia could quickly become self sufficient in emergency. But i do agree, we've stuffed up big time here. Pretty much the only country in the world that could be truely self sufficient and imports nearly everything that is manufactured.
Redgully said:greggy said:VS our capacity of not even a barrel......nothing to worry about here.....lol
Steady on, there is a refinery 45 minutes from me that refines 140,000 barrels a day. Australia could quickly become self sufficient in emergency. But i do agree, we've stuffed up big time here. Pretty much the only country in the world that could be truely self sufficient and imports nearly everything that is manufactured.