The Oil Drum

162 comments on DrumBeat: June 14, 2007

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jteehan on June 14, 2007 - 8:31am

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.

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Substrate on June 14, 2007 - 10:09am

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.

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rainsong on June 14, 2007 - 10:46am

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

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musashi on June 14, 2007 - 2:06pm

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.

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KingPing on June 15, 2007 - 2:20am

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.