Today, gas prices in Norway made a jump to its highest price ever in
history, and where the price currently is approx. NOK 12.50 per litre
that equal approx. $7.70 per US gallon.....

The reason for this jump in gas prices is the current situation in the
Mexico Gulf area that severely has affected oil prices world wide, and
the longer the situation in the area continues, gas prices is expected
to become even higher.....



Stig Arne Bye

E-mail ......:
Contact .....: AOL IM: VT480TFE / MSN Messenger:
Snail-Mail ..: P.O.Box 169, NO-9915 Kirkenes, Norway
Homepage ....: http://home.online.no/~stigbye/index.html
------------------------------------------------------------------------
Located just about 70°N 30°E - Almost at the top of the world!

"Stig Arne Bye" wrote in message
...
Today, gas prices in Norway made a jump to its highest price ever in
history, and where the price currently is approx. NOK 12.50 per litre
that equal approx. $7.70 per US gallon.....

The reason for this jump in gas prices is the current situation in the
Mexico Gulf area that severely has affected oil prices world wide, and
the longer the situation in the area continues, gas prices is expected
to become even higher.....



Stig Arne Bye

E-mail ......:
Contact .....: AOL IM: VT480TFE / MSN Messenger:
Snail-Mail ..: P.O.Box 169, NO-9915 Kirkenes, Norway
Homepage ....: http://home.online.no/~stigbye/index.html
------------------------------------------------------------------------
Located just about 70°N 30°E - Almost at the top of the world!

I would have thought that the price would drop for world oil but gas prices
here would increase.

Since we can't import oil to the port in Louisiana that should mean lower
demand for oil on the world market since we can't import oil for our demand.

"Stig Arne Bye" wrote in message
...
Today, gas prices in Norway made a jump to its highest price ever in
history, and where the price currently is approx. NOK 12.50 per litre
that equal approx. $7.70 per US gallon.....

The reason for this jump in gas prices is the current situation in the
Mexico Gulf area that severely has affected oil prices world wide, and
the longer the situation in the area continues, gas prices is expected
to become even higher.....



Stig Arne Bye

You can place the blame squarely on those in the US who fight tooth and nail
to prevent *any* new refineries to be built.
There is absolutely no shortage of oil, just the capacity for refining
crude.

Jeff Rigby wrote:

I would have thought that the price would drop for world oil but gas prices
here would increase.

Since we can't import oil to the port in Louisiana that should mean lower
demand for oil on the world market since we can't import oil for our demand.


I don't think it really matters. The big oil companies will use any
flimsy excuse to gouge us now. Here gas went up to $1.29 per
liter...and this is for gas still in the station underground tanks...
This would be for oil bought & refined months ago.
The gov't won't do anything.

"OlBlueEyes" wrote in message
...
"Jeff Rigby" wrote in
:

I would have thought that the price would drop for world oil but gas
prices here would increase.

Uh... lower supply means higher prices.

Since we can't import oil to the port in Louisiana that should mean
lower demand for oil on the world market since we can't import oil for
our demand.

This statement makes no sense at all.

Given that the demand for oil determines it's price. IF you take our
imports out of the equation there should be less demand on world oil and
it's price should drop.

Most of the oil for the US is imported thru New Orleans. If we can't import
it, we won't buy it and there should be less demand on world oil. IF this
is not the case we have been lied to and we are a net exporter of oil.

"OlBlueEyes" wrote in message
...
Harry Krause wrote in
:


Why do you think the oil market is a rational market?

The "oil market" is not a "market" at all. Insane extremists have
prevented the construction of a single refinery over the past 20 years;
they have prevented the exploration of alternative sources of oil offshore
and in the remote arctic tundra; they have demanded a patchwork of FORTY
DIFFERENT blends of vehicle fuel, straining those limited refining
capabilities to the breaking point.

The present energy crisis is 100% the work of insane extremists. And YOU
are one of them.

Why have these extremists prevented the building of new refineries? I need
details.

"OlBlueEyes" wrote in message
...
"Doug Kanter" wrote in
:


"OlBlueEyes" wrote in message
...
Harry Krause wrote in
:


Why do you think the oil market is a rational market?

The "oil market" is not a "market" at all. Insane extremists have
prevented the construction of a single refinery over the past 20
years; they have prevented the exploration of alternative sources of
oil offshore and in the remote arctic tundra; they have demanded a
patchwork of FORTY DIFFERENT blends of vehicle fuel, straining those
limited refining capabilities to the breaking point.

The present energy crisis is 100% the work of insane extremists. And
YOU are one of them.

Why have these extremists prevented the building of new refineries? I
need details.

Harry, you need to answer to Doug on this one.

"Doug Kanter" wrote in message
...

"OlBlueEyes" wrote in message
...
Harry Krause wrote in
:


Why do you think the oil market is a rational market?

The "oil market" is not a "market" at all. Insane extremists have
prevented the construction of a single refinery over the past 20 years;
they have prevented the exploration of alternative sources of oil
offshore
and in the remote arctic tundra; they have demanded a patchwork of FORTY
DIFFERENT blends of vehicle fuel, straining those limited refining
capabilities to the breaking point.

The present energy crisis is 100% the work of insane extremists. And YOU
are one of them.

Why have these extremists prevented the building of new refineries? I need
details.


I wonder if I'm one of the insane extremists. You see, I live in
California. I've surfed and sailed and played on the coast, the beaches,
the waters of California for more than 30 years now. When the republican
presidents propose drilling off the California coast, I always say no thank
you. I like my California coastal areas just the way they are and I
believe, right or wrong, that drilling off the coast will ruin the beauty of
the coast for me (actually, all of us, but I don't want to speak for
others). So, maybe I'm one of the extremists. Sorry, insane extremists.
Or maybe the reference is to someone else. I'm never quite sure where I fit
because on some environmental issues I'm pro, others con, and I've voted for
both republican and democratic presidential candidates. I even voted for an
independent once! Shhh.

"OlBlueEyes" wrote in message
...
"Jeff Rigby" wrote in
news

"OlBlueEyes" wrote in message
...
"Jeff Rigby" wrote in
:

I would have thought that the price would drop for world oil but gas
prices here would increase.

Uh... lower supply means higher prices.

Since we can't import oil to the port in Louisiana that should mean
lower demand for oil on the world market since we can't import oil
for our demand.

This statement makes no sense at all.

Given that the demand for oil determines it's price. IF you take our
imports out of the equation there should be less demand on world oil
and it's price should drop.

Most of the oil for the US is imported thru New Orleans.

A great argument for eliminating the "single point of failure" by building
more refineries and pursuing more avenues of exploration.

If we can't
import it, we won't buy it and there should be less demand on world
oil.

Demand is determined at the end user level. For oil the end user is
not the refinery, but the commuter filling his car, the lawn service owner
filling his commercial mowers, etc. The refinery is just one link in the
chain from the raw material (crude oil coming out of the ground/ocean) to
the end user. Taking refineries offline does not decrease demand. To the
contrary, any break in the chain of delivery puts additional stresses on a
market. Those stresses are both real (refinery capacity has been
decreased) and perceived (consumers fear a coming shortage and make a run
on gas).

As another illustration, say longshoremen who unload widgets at a dock go
on strike. Demand at the end user level hasn't changed. Supply (the
number of widgets being manufactured at the offshore factory) hasn't
changed. But the price of widgets will go up because the delivery chain
has been broken.

This is why prices are behaving as they are, and why prices ALWAYS rise in
any "crisis" situation. People who complain about $500 generators selling
for $3,000 or $5 plywood boards selling for $25 don't understand basic
economics. There aren't enough generators or plywood boards for everyone,
so prices self-regulate.

Isn't the poster you are responding to saying that we can't import oil
through New Orleans. It seems your response is addressing refineries when
he is addressing an inability to import. I think an interesting question
would be how much refined oil do we export from New Orleans in which case
the shut down would effect world supply.

"Harry Krause" wrote in message
...
OlBlueEyes wrote:

This is why prices are behaving as they are, and why prices ALWAYS rise
in any "crisis" situation. People who complain about $500 generators
selling for $3,000 or $5 plywood boards selling for $25 don't understand
basic economics. There aren't enough generators or plywood boards for
everyone, so prices self-regulate.

Sometimes, but more likely, the sellers are taking advantage and gouging.

The stations in my immediate area raised their prices nearly $1.00
overnight. There's no shortage, there's no lines, and it's unlikely all
the stations just received thousands of gallons of higher priced gas.

It's gouging.