Gas Prices outcry gets Justice involved

Discussion in 'Energy' started by JimH52, Apr 21, 2011.

  1. JimH52
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    JimH52 Gold Member

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  2. Mr. H.
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    Mr. H. Diamond Member

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    A start towards what end?
    And what's this- the 6th or 7th "investigation" over the last 20 years?

    Oofah.
     
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  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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  4. JimH52
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    JimH52 Gold Member

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    OPEC has been jerking us around since the 70s. I also think that anyone who bids on crude should be able to take delivery. A very small percentage of the people that are bidding up the price are actually able to take delivery.
     
  5. Quantum Windbag
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    Quantum Windbag Gold Member

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  6. Quantum Windbag
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    Quantum Windbag Gold Member

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    If OPEC was responsible for this, which is highly debatable, there would be nothing the DOJ could do about it.
     
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  7. Intense
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    Intense Senior Member

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    Are Federal and State Taxes by Volume or the Dollar? Just curious.

    PETROLEUM FACTS AT A GLANCE – March 2011
    1. U.S. petroleum imports (crude & products) in February 2011: 10,565,000 barrels per
    day (February 2010: 11,148,000 b/d). [API]
    2. Total imports in February 2011 as a percentage of total domestic petroleum
    deliveries: 53.6 percent (February 2010: 59.1 percent). [API]
    3. Persian Gulf petroleum imports in December 2010 as a percentage of total imports:
    14.1 percent (December 2010: 16.2 percent). [DOE]
    4. Average price for a barrel of OPEC crude oil for the week ending March 4, 2011:
    $104.42 [DOE]
    5. Average U.S. refiner acquisition cost in December 2010 for a barrel of crude oil:
    $85.65. [DOE]
    6. U.S. crude oil production in February 2011: 5,428,000 b/d (of which 645,000 b/d was
    Alaskan) (February 2010: 5,514,000 b/d). U.S. production of natural gas liquids in
    February 2011: 2,063,000 b/d (February 2010: 1,979,000 b/d). [API]
    7. U.S. marketed natural gas production in December 2010: 63.8 billion cubic feet per
    day (December 2009: 58.1 billion cf/d). [DOE]
    8. U.S. deliveries from primary storage of motor gasoline in February 2011: 9,014,000
    b/d (February 2010: 8,651,000 b/d). [API]
    9. U.S. deliveries from primary storage of distillate fuel oil (home heating and diesel) in
    February 2011: 4,015,000 b/d (February 2010: 3,866,000 b/d). [API]
    10. Total petroleum products delivered to the domestic market in February 2011:
    19,691,000 b/d (February 2010: 18,860,000 b/d). [API]
    11. Average active rotary drilling rigs in the U.S. as of March 7, 2011: 1,718 (all-time
    high of 4,530 announced 12/28/81; record low of 488 announced 4/23/99). (2010
    average: 1,541) [Baker Hughes Inc., Houston]

    http://www.api.org/Newsroom/upload/March_11_Petroleum_Facts_at_Glance.pdf
     
  8. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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  9. The T
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    The T George S. Patton Party Supporting Member

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    Exactly. It's a Distraction. Obama is still in campaign mode.
     
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  10. The T
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    The T George S. Patton Party Supporting Member

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