tag:blogger.com,1999:blog-6666208467022745303.post762143133548293333..comments2024-03-13T02:17:39.644-07:00Comments on Restating the Obvious: Peak oilHarry Eagarhttp://www.blogger.com/profile/04196202758858876402noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6666208467022745303.post-54204634839519395502013-05-07T14:32:40.600-07:002013-05-07T14:32:40.600-07:00Although, if you look at the report, refineries ar...Although, if you look at the report, refineries are running about 85% capacity. A year or two ago, they were at 99.9% or thereabouts and not able to meet demand.<br /><br />The refiners believed, silly them, that they could shut down "excess" capacity because it was, well, excess, and they would never need it again.<br /><br />But, oh, joy, the retail price of gas went up, but when the refinery crunch went down, the retail price did not, at least not nearly as much.<br /><br />I am enjoying ownership of several petroleum-related stocks, one of which went up 70% today.Harry Eagarhttps://www.blogger.com/profile/04196202758858876402noreply@blogger.comtag:blogger.com,1999:blog-6666208467022745303.post-49126360727413791532013-05-07T14:26:29.479-07:002013-05-07T14:26:29.479-07:00Too true. And, added bonus, other places don't...Too true. And, added bonus, other places don't give a damn about the environment, so cheap!Harry Eagarhttps://www.blogger.com/profile/04196202758858876402noreply@blogger.comtag:blogger.com,1999:blog-6666208467022745303.post-6942331216157006012013-05-07T13:28:08.953-07:002013-05-07T13:28:08.953-07:00However, although demand is way down, and producti...<i>However, although demand is way down, and production is way up, "Imports [of gasoline] jumped ... 8 percent..."</i><br /><br />We pump more and more crude but don't build refineries so we'll have to eventually export the oil to places with refineries and then import the gasoline and other refined products.Brethttps://www.blogger.com/profile/15063508651955739056noreply@blogger.com