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Thread: Bachmann: I'll get gas under $2

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    Re: Bachmann: I'll get gas under $2

    In an earlier post I said gas was around $2.80 when Bush left office so gas going under 2 bucks was a reasonable thing to say. I was wrong, gas was $1.79 when Bush left office. Gas getting back under 2 bucks seems very reasonable indeed. gasbuddy.com

    Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58. The lowest average price in the continental United States is $3.31 in Tulsa Oklahoma, the highest is $4.14 in Santa Barbara, CA. Four-dollar-a-gallon gas has arrived on average throughout California, and a number of other states are headed in that direction.

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by Lord Tammerlain View Post
    Attachment 67115190

    Not really


    ftp://ftp.eia.doe.gov/pub/oil_gas/pe...crude_runs.htm






    Refinery capacity is increasing through expansion of exisiting facilities and unprofitable ones are being shut down. Due to the high costs of building refineries and low margins most companies are loath to invest in new ones. Heck even oil friendly Alberta which would have loved to have seen a new refinery and upgrader built in Edmonton was passed over to send crude to the US for processing at exisiting facilities. The oil companies did not want to invest in a new facility



    U.S. Crude Oil Refining Capacity Near 30-year High (Guest Post) | EconMatters
    I agree with most of your statement except that we do need more refineries, it is true that it is producing more fuel but our refineries still can not keep up with demand, and. Also with fifty different states with 50 different regulations for fuel also puts a extreme burden on our refineries to refine fuel in a timely manner for all states.

    Question for you, why do you think oil refineries are so expensive to build?

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by deltabtry View Post
    I agree with most of your statement except that we do need more refineries, it is true that it is producing more fuel but our refineries still can not keep up with demand, and. Also with fifty different states with 50 different regulations for fuel also puts a extreme burden on our refineries to refine fuel in a timely manner for all states.

    Question for you, why do you think oil refineries are so expensive to build?
    I am not saying we dont need new ones, more that oil companies do not want to build new ones. Refining is a low margin business, made even less profitable when excess capacity exists. New refineries means excess capacity and lower margins if not loss`s

    As for refineries. I cant comment on the US but in Alberta the very high cost of labour and equipment would be the answer. The engineering alone would be a high cost with the engineers making $100 000 per year just during the design phase, not to mention the construction phase. The labour to construct a refinery and upgrader ( upgrading would be required in Alberta) would be costing over $100 000 per year without much overtime for the skilled labour ( welders, millwrights etc). Environmental costs would be generally minor in comparison ( in Alberta at least), with most environmental costs being in the continous monitoring of emmissions and ground water.

    In 2001 skilled millwrights working at Albion Sands could earn $120 000 a year, millwrights with supervisor experience could earn $160 000 a year. the recruitment process would pay for the relocation and provide a large bonus
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by Lord Tammerlain View Post
    I am not saying we dont need new ones, more that oil companies do not want to build new ones. Refining is a low margin business, made even less profitable when excess capacity exists. New refineries means excess capacity and lower margins if not loss`s

    As for refineries. I cant comment on the US but in Alberta the very high cost of labour and equipment would be the answer. The engineering alone would be a high cost with the engineers making $100 000 per year just during the design phase, not to mention the construction phase. The labour to construct a refinery and upgrader ( upgrading would be required in Alberta) would be costing over $100 000 per year without much overtime for the skilled labour ( welders, millwrights etc). Environmental costs would be generally minor in comparison ( in Alberta at least), with most environmental costs being in the continous monitoring of emmissions and ground water.

    In 2001 skilled millwrights working at Albion Sands could earn $120 000 a year, millwrights with supervisor experience could earn $160 000 a year. the recruitment process would pay for the relocation and provide a large bonus
    Again I agree with your answer and with the exception of the speculators, regulations ,EPA, location and placement, lawsuits etc. all this will drive up the cost for any new build and in turn drive the cost up at the pump.. The bottom line is that we can bring the price down of we really wish to, but IMO it isn't going to happen.

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by sawyerloggingon View Post
    In an earlier post I said gas was around $2.80 when Bush left office so gas going under 2 bucks was a reasonable thing to say. I was wrong, gas was $1.79 when Bush left office. Gas getting back under 2 bucks seems very reasonable indeed. gasbuddy.com

    Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58. The lowest average price in the continental United States is $3.31 in Tulsa Oklahoma, the highest is $4.14 in Santa Barbara, CA. Four-dollar-a-gallon gas has arrived on average throughout California, and a number of other states are headed in that direction.
    That low price of $1.79 was a result of the near collapse of the banking industry. The economy entered a major downturn, demand for gas went down, therefore the price did. It's called "Supply and Demand." Just before that, the price was much higher.

    So unless her plan to have another collapse...

    What in her plan makes you think it's reasonable? I looked on her website, and it's full of the normal GOP rhetoric, but no specifics. Drilling is likely to cause OPEC to drop their production proportionately, because they like high oil prices. What else is in it?


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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by deltabtry View Post
    Again I agree with your answer and with the exception of the speculators, regulations ,EPA, location and placement, lawsuits etc. all this will drive up the cost for any new build and in turn drive the cost up at the pump.. The bottom line is that we can bring the price down of we really wish to, but IMO it isn't going to happen.
    I did mention that I can not comment on the US but was discussing Alberta in general. The Edmonton area has quite a few refineries already and many Albertans were hoping to see another one built or have one massively expanded to handle the oils sands crude. Instead of seeking to build on in Alberta the oil company decided to build a pipeline to ship raw crude to the southern US. Lawsuits, regulations and location costs would have been rather minor costs. We are talking about a province that allows rather large megaprojects that include strip mining of massive sections of land. Despite all that the oil company felt it was a better deal to ship the crude through a brandnew pipeline ( a few hundred million dollar if not billion dollar expense, as they ship diluent back to Alberta through an adjacent pipeline) then to build or massively expand an existing refinery
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by rocket88 View Post
    Let the crazy promises begin!!

    Bachmann: I'll get gas under $2 - Dan Berman and Molly Ball - POLITICO.com



    How do you think that'll happen. Isn't oil freely traded? I guess you could nationalize the oil industry and regulate gas prices. That would be nothing like socialism...
    And I don't doubt that she will find some crazy enough to believe her.
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by apdst View Post
    Removing them would definitely lower the price of fuel.
    You offering for the trucking industry to start picking the full tab for road construction and maintenance?
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    Re: Bachmann: I'll get gas under $2

    And Happy Birthday from Elvis Presley.
    Or did I get that backwards?
    "If you could kick the person in the pants most responsible for your troubles you wouldn't sit for a month"
    Theodore Roosevelt

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by rocket88 View Post
    That low price of $1.79 was a result of the near collapse of the banking industry. The economy entered a major downturn, demand for gas went down, therefore the price did. It's called "Supply and Demand." Just before that, the price was much higher.

    So unless her plan to have another collapse...

    What in her plan makes you think it's reasonable? I looked on her website, and it's full of the normal GOP rhetoric, but no specifics. Drilling is likely to cause OPEC to drop their production proportionately, because they like high oil prices. What else is in it?
    Congratulations you are the first lib I have seen in here that recognizes law of supply and demand but in case you haven’t noticed economy as of now sucks. If you are saying gas has doubled under Obama due to a booming economy….

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