 | I've Been Encouraged Before... | The Oil Drum | Peak Oil Update - June 2007: Production Forecasts and EIA Oil Production Numbers |  |
162 comments on DrumBeat: June 14, 2007
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162 comments on DrumBeat: June 14, 2007
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GAIA Host Collective
Refinery Capacity Utilization down 5% from normal.
This is pure speculation, but it occurred to me that the easy to refine Nigerian crude has been in turmoil for about a month and a half now (the latest drop of 500,000 bpd) and refinery throughput is down from usual by a similar number.
I suspect when we look in the imports rear-view mirror, we're going to see plenty of heavy oil imports to keep storage numbers high but not enough of the easy light stuff to keep the capacity numbers up.
Anyone know where the most recent import origin numbers can be found? I'd like to add something useful to the site for a change.
Anyone else notice in this weeks TWIP (http://tonto.eia.doe.gov/oog/info/twip/twip_gasoline.html) that the anomalous gasoline stocks build smoothed itself out with this weeks number? If you were to draw a line between two weeks ago and this week, it would simply continue the trend set by the previous weeks...whereas last week's number is out in it's own little world.
Compressed Natural Gas Cars
In Argentina natural gas was 60% cheaper than gasoline (NBC).
http://www.gnc.org.ar/NBC_news.pdf
Argentina has their winter in June. A cold spell has caused power outages and long lines at CNG "gas stations".
http://www.freerepublic.com/focus/f-news/1843026/posts
Argentina has a million natural gas cars on the road.
http://www.energytribune.com/articles.cfm?aid=414
Brazilians had more than a million natural gas cars.
Iran began to use natural gas cars.
Pakistan was using natural gas cars.
Egypt used natural gas cars.
Australia was switching to LPG cars.
Natural gas prices varied from location to location.
CNG pressure gauge
They have significant shortages but the left leaning government imposed price controls. It follows that the juice goes somewhere else.
The price controls are so bad that the service stations have imposed separate transaction fees to be able to remain in business.
FYI
Our family uses two CNG vehicles here in CA; It's a medium-term strategy that will either be smart or foolish--only time will tell. We should have a home fueling device in by summer's end.
Maybe a vanity plate that reads "REDQUEEN" would be in order? Or "PEAKCNG", or "PKOILHG", or...
I suspect that few other CNG-driving folks here expect NatGas to both increase in price and become scarce in "short" time; again, it's all about the timing.