Author Topic: Oil  (Read 35124 times)

0 Members and 1 Guest are viewing this topic.

Offline OCtoSV

  • Yearning for 949 / 714
  • **
  • Thanks
  • -Given: 89
  • -Received: 84
  • Posts: 449
Re: Oil
« Reply #255 on: June 22, 2022, 01:23:35 PM »
For some real comedy look up Cavuto today getting WH advisor Jared Bernstein to admit Biden wants to drill baby drill on Fox News

Offline irvinehomeowner

  • The Unicorn Hunter
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 2775
  • -Received: 4103
  • Posts: 23909
  • 3CWG
Re: Oil
« Reply #256 on: June 22, 2022, 03:58:50 PM »
Silly morekaos... Trix is for kids.

Do you think that even if we added 900,000 barrels that prices would go down?

Greed/Fear > Supply/Demand
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
member: Soylent Green Is People (loans/refis)

Offline morekaos

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 667
  • -Received: 599
  • Posts: 6315
Re: Oil
« Reply #257 on: June 22, 2022, 04:04:29 PM »
More than a three month tax hiatus…but I don’t want 900,000 barrels…I want 2 million or more…we can do that.  One of my clients runs a chunk of Prudoe Bay production. They are adding rigs now but they could do more if they felt more comfortable with this administration…until that changes they are unwilling to make the commitment….but change is coming in just 19 weeks.

Offline daedalus

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 285
  • -Received: 287
  • Posts: 1029
Re: Oil
« Reply #258 on: June 23, 2022, 03:26:02 AM »
A few weeks ago while we were out shopping, my 6 year old daughter stated a few times how she wished all the stuff in the store only cost a penny.  "Wouldn't that be great, Dada"? she asked.  At this prompting, I explained to her that it would be great, except if everything was a penny then everyone else woud buy everything in the store, and the store would run out, and we wouldn't actually be able to buy anything.  I saw the lights go on in her little eyes and she stopped wishing out loud for fantasy pricing tied conveniently to the contents of her piggy bank. 

I think my 6 year old daughter now understands basic economics better than a lot of politicians. 

The following member(s) thanked this post:


Offline irvinehomeowner

  • The Unicorn Hunter
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 2775
  • -Received: 4103
  • Posts: 23909
  • 3CWG
Re: Oil
« Reply #259 on: June 29, 2022, 11:36:07 PM »
Go where the work is:

US electric vehicle jobs exploded in 2021, clean energy jobs grew – and fossil fuel jobs shrunk

https://electrek.co/2022/06/28/us-electric-vehicle-jobs-2021/

Quote
The 2022 USEER report shows that the energy sector – with the exception of fossil fuels – experienced positive job growth. Overall, the sector rose by 4% from 2020 to 2021, outpacing overall US employment, which grew 2.8% in the same period. The energy sector added more than 300,000 jobs, increasing the total number of energy jobs from 7.5 million in 2020 to more than 7.8 million in 2021.

In addition to the huge job growth in the full battery electric vehicle sector mentioned above, other vehicle sectors saw notable job growth as well:

Hybrid electric vehicle jobs increased 19.7%, adding 23,577 new jobs.
Plug-in hybrid vehicle jobs increased 30.9%, adding 14,790 jobs.
Hydrogen fuel cell jobs increased 41.4%, adding 4,160 jobs.
Fossil fuel jobs accounted for most of the fuel jobs lost:

Petroleum – both onshore and offshore – led losses with a decrease of 6.4%, shedding 31,593 jobs.
Coal fuel jobs declined by the greatest percentage, at 11.8%, losing 7,125 jobs.
Fuel extraction jobs overall decreased by 12%.

But, biofuels, including renewable diesel fuels, biodiesel fuels, and waste fuels, grew by 6.7%, adding 1,180 jobs.

Unicorns and rainbows are coming.
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
member: Soylent Green Is People (loans/refis)

Offline morekaos

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 667
  • -Received: 599
  • Posts: 6315
Re: Oil
« Reply #260 on: July 07, 2022, 02:34:18 PM »
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/


Offline Ready2Downsize

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 15
  • -Received: 269
  • Posts: 1861
Re: Oil
« Reply #261 on: July 07, 2022, 02:49:34 PM »
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/

This explains exactly why Cali tax is what it is:

https://ktla.com/news/taxes-fees-make-up-1-18-per-gallon-of-gas-in-california/

Taxes:
Federal Excise Tax: 18 cents per gallon
State Excise Tax: 51 cents per gallon
Sales Tax (estimated): 10 cents per gallon
Fees:
Low Carbon Gas Programs: 22 cents per gallon
Greenhouse Gas Programs: 15 cents per gallon
Underground Tank Storage: 2 cents per gallon

That was before the gas tax went up July 1st. Gas was a buck a gallon less at the time the article was written, so add 10 cents at least for additional sales tax and state excise tax. Subtract the price AZ pays in state/federal tax and poof........... almost exactly the price diff at the pump between Tustin Costco and the Costco here.

So there ya have it. The difference is due to taxes and fees. You have to add in the additional fees to get to the bottom line.

AZ gets 60% of their gas from Cali but doesn't have those extra fees. No refineries in AZ makes it more than states like Texas. Cali has their own refineries but when one goes down, they don't have the ability to import gas from other states so they have less gallons available at the pump and prices go up whereas other states get more from other pipelines to fill the temporary void.

Always just thought gas stations had higher labor/leases but it's really all about the money going to the state. What was I thinking? LOL!
« Last Edit: July 07, 2022, 02:54:48 PM by Ready2Downsize »

Online USCTrojanCPA

  • Your CPA Realtor
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 2937
  • -Received: 2296
  • Posts: 11263
  • Gender: Male
Re: Oil
« Reply #262 on: July 07, 2022, 03:06:48 PM »
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/



So dumb...let them buy oil from their buddy Vlad.
Martin Mania, CPA
AgencyOne
CA DRE License # 01799007
CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!
Have license, will travel!

The following member(s) thanked this post:


Online USCTrojanCPA

  • Your CPA Realtor
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 2937
  • -Received: 2296
  • Posts: 11263
  • Gender: Male
Re: Oil
« Reply #263 on: July 07, 2022, 03:10:00 PM »
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/

This explains exactly why Cali tax is what it is:

https://ktla.com/news/taxes-fees-make-up-1-18-per-gallon-of-gas-in-california/

Taxes:
Federal Excise Tax: 18 cents per gallon
State Excise Tax: 51 cents per gallon
Sales Tax (estimated): 10 cents per gallon
Fees:
Low Carbon Gas Programs: 22 cents per gallon
Greenhouse Gas Programs: 15 cents per gallon
Underground Tank Storage: 2 cents per gallon

That was before the gas tax went up July 1st. Gas was a buck a gallon less at the time the article was written, so add 10 cents at least for additional sales tax and state excise tax. Subtract the price AZ pays in state/federal tax and poof........... almost exactly the price diff at the pump between Tustin Costco and the Costco here.

So there ya have it. The difference is due to taxes and fees. You have to add in the additional fees to get to the bottom line.

AZ gets 60% of their gas from Cali but doesn't have those extra fees. No refineries in AZ makes it more than states like Texas. Cali has their own refineries but when one goes down, they don't have the ability to import gas from other states so they have less gallons available at the pump and prices go up whereas other states get more from other pipelines to fill the temporary void.

Always just thought gas stations had higher labor/leases but it's really all about the money going to the state. What was I thinking? LOL!

What's interesting is that gas in Nevada should be close to what it is in Arizona but it's about $0.50 higher than AZ prices and $0.50 lower than CA prices.  I always thought that to be kind of strange.  Plus CA and NV don't get the good stuff for the premium gasoline (93 octane)
Martin Mania, CPA
AgencyOne
CA DRE License # 01799007
CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!
Have license, will travel!

Offline Ready2Downsize

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 15
  • -Received: 269
  • Posts: 1861
Re: Oil
« Reply #264 on: July 08, 2022, 04:07:23 PM »
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/

This explains exactly why Cali tax is what it is:

https://ktla.com/news/taxes-fees-make-up-1-18-per-gallon-of-gas-in-california/

Taxes:
Federal Excise Tax: 18 cents per gallon
State Excise Tax: 51 cents per gallon
Sales Tax (estimated): 10 cents per gallon
Fees:
Low Carbon Gas Programs: 22 cents per gallon
Greenhouse Gas Programs: 15 cents per gallon
Underground Tank Storage: 2 cents per gallon

That was before the gas tax went up July 1st. Gas was a buck a gallon less at the time the article was written, so add 10 cents at least for additional sales tax and state excise tax. Subtract the price AZ pays in state/federal tax and poof........... almost exactly the price diff at the pump between Tustin Costco and the Costco here.

So there ya have it. The difference is due to taxes and fees. You have to add in the additional fees to get to the bottom line.

AZ gets 60% of their gas from Cali but doesn't have those extra fees. No refineries in AZ makes it more than states like Texas. Cali has their own refineries but when one goes down, they don't have the ability to import gas from other states so they have less gallons available at the pump and prices go up whereas other states get more from other pipelines to fill the temporary void.

Always just thought gas stations had higher labor/leases but it's really all about the money going to the state. What was I thinking? LOL!

What's interesting is that gas in Nevada should be close to what it is in Arizona but it's about $0.50 higher than AZ prices and $0.50 lower than CA prices.  I always thought that to be kind of strange.  Plus CA and NV don't get the good stuff for the premium gasoline (93 octane)
I only check costco prices because they are pretty steady so I can get an idea of trend and it's easier to remember.

Part of the reason we r lower here is there are quite a few near a sam's club and it seems they compete on price with Sam's usually winning by a penny. There is no costco near my one daughter in the Northern part of AZ and their prices are a little higher. First day they dropped the price, next day twice in one day and then again the next day. LOL!

Sometimes there are other stations lower, but I only look at Costco so I can remember what it's been.

Maybe NV has less stations so less competition and how far are u willing to drive to save 10-20 cents? U burn all the difference getting there.

On Monday it will be four weeks since I've been here. Both cars are still on the gas we bought at the border on the way here. I probably will fill my tank Sunday since I'm going to see my daughter up north.

Offline CalBears96

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 39
  • -Received: 144
  • Posts: 1287
Re: Oil
« Reply #265 on: July 08, 2022, 07:55:31 PM »
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/



So dumb...let them buy oil from their buddy Vlad.

That is mind boggling. Don't expert to China. Let China get oil from Vlad. That way, Vlad can't threaten to cut 5M barrels a day.

Offline morekaos

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 667
  • -Received: 599
  • Posts: 6315
Re: Oil
« Reply #266 on: July 15, 2022, 09:14:49 AM »
Idiot!!

MORE OIL, PRETTY PLEASE?

It's the handshake that the White House doesn't want to talk about.

For weeks, the question of whether President Joe Biden will shake Saudi Crown Prince Mohammed bin Salman's hand when he visits Saudi Arabia this week has hounded officials reluctant for the president to be seen warming up to the man the U.S. believes is responsible for a journalist's murder.

They have jumped linguistic hurdles to avoid saying whether the two leaders would clasp hands, and at first took pains to not even utter Prince Mohammed's name – saying instead Biden would meet with "King Salman and his leadership team."

https://abcnews.go.com/Politics/question-handshake-symbolizes-bidens-awkward-approach-saudi-arabia/story?id=86816412


Offline Ready2Downsize

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 15
  • -Received: 269
  • Posts: 1861
Re: Oil
« Reply #267 on: July 15, 2022, 10:23:09 AM »
Idiot!!

MORE OIL, PRETTY PLEASE?

It's the handshake that the White House doesn't want to talk about.

For weeks, the question of whether President Joe Biden will shake Saudi Crown Prince Mohammed bin Salman's hand when he visits Saudi Arabia this week has hounded officials reluctant for the president to be seen warming up to the man the U.S. believes is responsible for a journalist's murder.

They have jumped linguistic hurdles to avoid saying whether the two leaders would clasp hands, and at first took pains to not even utter Prince Mohammed's name – saying instead Biden would meet with "King Salman and his leadership team."

https://abcnews.go.com/Politics/question-handshake-symbolizes-bidens-awkward-approach-saudi-arabia/story?id=86816412

Even in Tustin, the price of gas is down 10%

Offline morekaos

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 667
  • -Received: 599
  • Posts: 6315
Re: Oil
« Reply #268 on: July 15, 2022, 10:55:27 AM »
To what? $5.50?…that helps. ;D ;D >:D

Online USCTrojanCPA

  • Your CPA Realtor
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 2937
  • -Received: 2296
  • Posts: 11263
  • Gender: Male
Re: Oil
« Reply #269 on: July 15, 2022, 02:07:37 PM »
To what? $5.50?…that helps. ;D ;D >:D

Yeah down from $6.19 to $5.59 at the Tustin Ranch Costco.
Martin Mania, CPA
AgencyOne
CA DRE License # 01799007
CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!
Have license, will travel!

 

Talk Irvine Links

[Recent Posts]
[FAQ / Rules]

Site Supporters


Recent Posts

Re: Tesla Solar Panels Price Cut by daedalus
[Today at 02:10:38 AM]


Re: Serrano Summit | Lake Forest by Sysko
[Today at 12:31:24 AM]


Re: New communities in Portola Springs by mellorooster
[Today at 12:04:03 AM]


Re: Great Park - Solis Park by sleepy5136
[Today at 12:03:05 AM]


Re: Tesla Solar Panels Price Cut by marmott
[Yesterday at 11:08:29 PM]

SimplePortal 2.3.7 © 2008-2022, SimplePortal