Oil prices could fall to $10?

Better the tax than the rebar poking through on the Expressway.

 

^^^Said the politician. Lol.

And it looks like septa is getting most of it....

 

I'm old enough to remember when the Interstates were paved with concrete. The surface was worn down far enough for the rebar to poke through. Catch the broken piece sticking up with a tire and enjoy the thrill ride. Commuters knew which lanes to stay out of or which side of the lane to hug but the traffic reports always reported someone on the shoulder changing a flat tire.

 

Around here, numerous sections still are.

No rebar sticking through, but occasionally some lanes have blockages for emergency repairs of popped expansion joints.

 

I haven't ran across any poking through rebar yet around these here parts but I have definitely whacked a few monster potholes and have cracked at least 2 rims / messed up alignment thus far in the last 10 years.

 

the potholes this year are on a par with the weather.

 

Dang I could do a whole road trip on $5 of gas, c'mon summer...

 

The PKL is going to get built.

The President vetoed it for the same reason that the Legislature is doinking around with the DHS budget.

It's just the usual DC fecal fight.

 

Sure it does.

Canada isn't going to pretend that the tar sands aren't there, and (currently) low oil prices are going to dictate that the oil is refined as cheaply as possible - which means that you have to get it to the refineries and distribution points as cheaply as possible.

I personally believe that pipes are also safer and more carbon neutral than ULCC or rail transport, which is also a good thing.
Labor is probably cheaper in the US, and environmental regulations are probably about the same, so unless you load the crude into a ULCC for refinement in a labor-surplus and much more environmentally friendly (to corporations) nation, I don't see anything ELSE that makes sense.
Sorry Mr. Buffet.
Your trains will get less work when the KPL is done.
Actually?
If the current administration wanted to be a little more truthful with numbers? (fat chance!)
They could say that in 2-3 decades that the loss in freight rail revenue would make for a net loss in jobs as a result of the pipe after the construction jobs wind down.

Canada doesn't care what the spot price for oil is right now. They care about what it's going to be years from now, and unless the Saudis plan to flood the market for years (or decades) to come with <$40 oil, then finishing an already started pipe makes all the sense in the world.

Besides.....material can flow both ways in the pipe. Oil to the gulf, or gasoline to Canada?

 

Ouch! Gas prices soar in California as supply shrinks - Yahoo Finance

 

"Darn it!, well the HMMVEE was fun while it lasted these last 6 months"


Lol.

 

Haven't you noticed that for the most part, the more affluent the area a gas station is in the prices are higher. That's how it is around here.

If they can get away with charging more and people keep filling up there then that's a business model that's working for them.

 

Integrated oil companies are a dying breed. Most have split their oil exploration and production activities from their marketing and retail operations. The Marathon that finds and refines the oil to make gasoline is not the Marathon one sees at the retail location. That gas station may be company owned or it may be a franchise.

Anything is worth what someone is willing to pay for it. The USA is too big and diverse for one formulation to work well everywhere. Would you rather have all the refineries in the US only produce CARBOB gasoline?

Why can some banks pay depositors 0.05% interest when others pay 0.25%, 0.50%, and 1.0%?

Anyone who believes an industry or a company charges "too much" for their product should be investing in that industry or company.

 

I have noticed for as long as I can remember that gasoline prices are consistently higher in poor neighborhoods in Chicago than anywhere else. What the logic is for that is something I do not understand.

 

Yeah that sure is weird.

Gas is def. More expensive in the affluent areas here. Doesn't matter the brand. Well BP is higher everywhere.