News Flash.......The so-called idiot made another cool 1.5 BILLION Bucks in profit last year......ohh, to be that stupid! Incidentally, crude is currently at $66.40/barrel, and Iran has not even done anything more than rattle its saber a bit. Just wait.

Here is a little clip from Yahoo news
"CARACAS, Venezuela - Venezuela had a blunt message this week for Exxon Mobil, one of the world's most powerful oil companies: Get off my crude-rich turf................" In context they want to get rich quick and are driving the stakes up in opposition to the dang Opec. However, they US technology to refine the tar like oil they have ( low quality crap)

later in the article it says:
"Experts say, however, that fears that Chavez, a close ally of Cuba's Fidel Castro, is seeking to drive out private investment are exaggerated because Venezuela needs the technological expertise of Western oil majors to develop its vast deposits in the Orinoco belt.

Few state oil companies have the expertise to upgrade the extra-heavy oil and tar-like bitumen found in the Orinoco into lighter, marketable oils.

Notably, Exxon Mobil continues to hold a 41.7 percent stake in the 120,000-barrel-day Cerro Negro heavy oil upgrading project in the Orinoco along with partners British Petroleum PLC and PDVSA. "

So Venezuela thinks they are hot crap... just wait untill we get pushed too far and we start making bio-diesel with our soy sauce and corn and finish off with the ethanol and then along comes the hybred diesel-electric and ethanol-electric to say nothing of the fuel cell which is just around the corner. Hope they can figure out how to make a meal out of coal tar [rant]

In the next few years we are going to see some changes to diesel and gas cars and trucks but it is stuff like this that is driving it. The day is coming when we can tell them to shove it. I just hope we have a strong enough gov't to say the words.

[rant]
[coffee]

great googley moogley [eyecrazy] :o $2.759 here now.....That was a 19 cent jump in 3 days.....87 must gotten too close again [verymad]

Around here diesel is cheaper than regular unleaded now. $.05 or so.

MikeyB

As long as POTUS keeps mucking around in the Mideast the supply will keep dwindling and the price will continue to rise. It doesn't help that the Chinese are using more oil every day. The currency is also being devalued tremendously and will soon cease to be the worlds reserve currency. We'll then need to convert our dollars to something else before we can buy oil with it. Probably Euro's but maybe gold.

The screwing we give will become the screwing we get.

BOHICA!

Edwin

04/05/06 at about 0800, deisel at $2.54........04/05/06 at 2330, same station now at $2.72...........YIKES!

In the last couple of days unleaded gasoline has skyrocketed upward due to the required 10% ethanol blend. Diesel is now around $0.20 cheaper than gas.

MikeyB

They have been selling E10 around here for a couple years now, its about 10 cents a gallon cheaper than straight dino...

Now that the Gasser-Drivers are having to pay the same prices for fuel that we have been paying for the past two years,.......get ready for the "Price Gouging" whines to start. :rolleyes:

E10 is new requirement for us. In fact Valero in the Dallas area is having problems getting the new blend. Reporting spot shortages in the area. Regular unleaded is now $2.70 in my area. Diesel is $2.50 or less.

MikeyB

I stopped at the neighborhood Exxon to fill up my Acura 3.2TL-S this morning. They were out of 87 octane regular ($2.629). I needed 93 octane premium anyway, but this ethanol changeover looks like it may cause some supply (and, thus, price) disruptions.

Rusty

round here gas is going for the same or more than #2

anywhere from $2.89- $3.11 here in gold country. maybe thats why so much, luckily the fuel card is paid by someone else

Finally! These gasser drivers are paying about as much for 87 & 89 as I am for fuel. :) I honestly dont care what they raise it to, AS LONG as they keep both in the same ballpark. It burns me when I see fuel- the very thing that literally runs this country .30-.40 higher than gasoline, and the average gasser driver dosent even realize that they too, are paying for the high cost of diesel, how many groceries, cars, shoes, furniture, yada yada yada get delivered in gas vehicles? Thank you politicians!

Good thing we can run WMO & WVO to cut down on the cost!! [whistle]

Well I do know there is a Cat unit down in NJ right now (a cat unit in a refinery makes gas) and in the Caribbean the on St. Croix(which is the biggest refinery in the western hemisphere) it was shut down for a couple of days due to a blown transformer. And they still haven’t even got any of there cat units up and running. But you don’t hear about that on tv. You hear about them blowing up and not the real problems. Like when a unit in Karnes city in Texas blew up and gas prices shot up, it is funny tho because all the other units where still running and the one that blew up didn’t even make gas………..my 2 cents……………Jamie