Re: [MBZ] Why diesel prices are plummeting
This indicates two things. 1. The European economy is slowing down. We export millions of gallons of diesel to Europe, 2. The US economy is slowing down. Less demand for product = Less OTR trucks = less diesel consumption, Enjoy the low prices, the economy is getting ready to collapse. Probably after the Fed raises rates in Sept. or Oct. Rick You heard it here first. But, but, but, our dear leader sez the economy is growing and life is so wonderful he could easily be re-elected! His fawning ministers of propaganda also say so. Surely he will dismiss congress and issue an executive order to re-elect himself so the good times will continue! gotta find that bummer-phone so i can call in for unemployment, then gotta buy some pop with the EBT card to sell on the corner fer cansh fer hash, then da ol lady gotta open the AFDC check an cash it so we can pay rent on the section 8 house. ... ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
[MBZ] Why diesel prices are plummeting
My local River Road Valero is at the lowest ever - $2.79/gal. This means the Rockville Gulf is probably at $2.50 US, East Coast ULSD stocks set record highs: EIA data Houston (Platts)--29Jul2015/403 pm EDT/2003 GMT US ULSD stocks rose to a record high for the fourth straight week, as East Coast stocks also hit a record for the fifth straight week, according to Energy Information Administration data released Wednesday. Total US stocks of ULSD rose about 2 million barrels in the week that ended Friday to 123.91 million barrels, the highest level since EIA began collecting the data in 2004. US stocks have risen to a record each of the last four weeks, with most of the stock builds concentrated in the East Coast. East Coast stocks of ULSD rose 2.32 million barrels to 41.02 million barrels, the highest ever. Stock builds in the East Coast also have set records in each of the last five weeks. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Why diesel prices are plummeting
There was an article in the WSJ a coupla days ago about gasoline and diesel inventories, and diesel is way high due to it being a byproduct of gasoline refining, and gasoline is being refined at a high rate, apparently due to some refineries having recently come on line in the Middle East. (It wasn't clear where all the gasoline was going, or if it was going, or the stuff was just being refined to keep up with the petroleum that is being pumped) The stuff seems to be building up everywhere and coupled with high inventories and weak demand prices are expected to remain quite low for some time. And now the Iranium supplies will be hitting the world market so expect further price declines. --R On 7/30/15 9:21 AM, Andrew Strasfogel via Mercedes wrote: My local River Road Valero is at the lowest ever - $2.79/gal. This means the Rockville Gulf is probably at $2.50 US, East Coast ULSD stocks set record highs: EIA data Houston (Platts)--29Jul2015/403 pm EDT/2003 GMT US ULSD stocks rose to a record high for the fourth straight week, as East Coast stocks also hit a record for the fifth straight week, according to Energy Information Administration data released Wednesday. Total US stocks of ULSD rose about 2 million barrels in the week that ended Friday to 123.91 million barrels, the highest level since EIA began collecting the data in 2004. US stocks have risen to a record each of the last four weeks, with most of the stock builds concentrated in the East Coast. East Coast stocks of ULSD rose 2.32 million barrels to 41.02 million barrels, the highest ever. Stock builds in the East Coast also have set records in each of the last five weeks. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Why diesel prices are plummeting
Andrew writes: US ULSD stocks rose to a record high for the fourth straight week, as East Coast stocks also hit a record for the fifth straight week, according to Energy Information Administration data released Wednesday. This indicates two things. 1. The European economy is slowing down. We export millions of gallons of diesel to Europe, 2. The US economy is slowing down. Less demand for product = Less OTR trucks = less diesel consumption, Enjoy the low prices, the economy is getting ready to collapse. Probably after the Fed raises rates in Sept. or Oct. Rick You heard it here first. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Why diesel prices are plummeting
Are you one of those who insisted that $5 a gallon gas was an inevitability by summer? Wish I remember who all told me that one. I love calling out people when they were the were so sure they used words like inevitable. -CurtOptimism is easier. From: Rick Knoble via Mercedes mercedes@okiebenz.com To: Mercedes Discussion List mercedes@okiebenz.com Cc: Rick Knoble rickkno...@hotmail.com Sent: Thursday, July 30, 2015 9:40 AM Subject: Re: [MBZ] Why diesel prices are plummeting Andrew writes: US ULSD stocks rose to a record high for the fourth straight week, as East Coast stocks also hit a record for the fifth straight week, according to Energy Information Administration data released Wednesday. This indicates two things. 1. The European economy is slowing down. We export millions of gallons of diesel to Europe, 2. The US economy is slowing down. Less demand for product = Less OTR trucks = less diesel consumption, Enjoy the low prices, the economy is getting ready to collapse. Probably after the Fed raises rates in Sept. or Oct. Rick You heard it here first. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Why diesel prices are plummeting
Yep Sent from my iPhone On Jul 30, 2015, at 8:40 AM, Rick Knoble via Mercedes mercedes@okiebenz.com wrote: Andrew writes: US ULSD stocks rose to a record high for the fourth straight week, as East Coast stocks also hit a record for the fifth straight week, according to Energy Information Administration data released Wednesday. This indicates two things. 1. The European economy is slowing down. We export millions of gallons of diesel to Europe, 2. The US economy is slowing down. Less demand for product = Less OTR trucks = less diesel consumption, Enjoy the low prices, the economy is getting ready to collapse. Probably after the Fed raises rates in Sept. or Oct. Rick You heard it here first. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Why diesel prices are plummeting
What no one has mentioned is that diesel and fuel oil comprise demand for the same product. In summer there is no demand to heat homes so diesel pirces MUST fall, in addition to everything else. On Thu, Jul 30, 2015 at 10:01 AM, Curly McLain via Mercedes mercedes@okiebenz.com wrote: This indicates two things. 1. The European economy is slowing down. We export millions of gallons of diesel to Europe, 2. The US economy is slowing down. Less demand for product = Less OTR trucks = less diesel consumption, Enjoy the low prices, the economy is getting ready to collapse. Probably after the Fed raises rates in Sept. or Oct. Rick You heard it here first. But, but, but, our dear leader sez the economy is growing and life is so wonderful he could easily be re-elected! His fawning ministers of propaganda also say so. Surely he will dismiss congress and issue an executive order to re-elect himself so the good times will continue! gotta find that bummer-phone so i can call in for unemployment, then gotta buy some pop with the EBT card to sell on the corner fer cansh fer hash, then da ol lady gotta open the AFDC check an cash it so we can pay rent on the section 8 house. ... ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Why diesel prices are plummeting
If I were an oil producer right now I would be on a steady diet of Sonesta. On Thu, Jul 30, 2015 at 11:06 AM, Curt Raymond via Mercedes mercedes@okiebenz.com wrote: Also the price of oil has been way down for a long time. What is the time horizon for that cheap oil to actually get to refineries? 6 mos? A middle east refinery coming on line would probably see Europe getting some of its oil from there since it'd be closer and easier to ship across the Med than the Atlantic... -Curt From: Andrew Strasfogel via Mercedes mercedes@okiebenz.com To: Mercedes Discussion List mercedes@okiebenz.com Cc: Andrew Strasfogel astrasfo...@gmail.com Sent: Thursday, July 30, 2015 11:02 AM Subject: Re: [MBZ] Why diesel prices are plummeting What no one has mentioned is that diesel and fuel oil comprise demand for the same product. In summer there is no demand to heat homes so diesel pirces MUST fall, in addition to everything else. On Thu, Jul 30, 2015 at 10:01 AM, Curly McLain via Mercedes mercedes@okiebenz.com wrote: This indicates two things. 1. The European economy is slowing down. We export millions of gallons of diesel to Europe, 2. The US economy is slowing down. Less demand for product = Less OTR trucks = less diesel consumption, Enjoy the low prices, the economy is getting ready to collapse. Probably after the Fed raises rates in Sept. or Oct. Rick You heard it here first. But, but, but, our dear leader sez the economy is growing and life is so wonderful he could easily be re-elected! His fawning ministers of propaganda also say so. Surely he will dismiss congress and issue an executive order to re-elect himself so the good times will continue! gotta find that bummer-phone so i can call in for unemployment, then gotta buy some pop with the EBT card to sell on the corner fer cansh fer hash, then da ol lady gotta open the AFDC check an cash it so we can pay rent on the section 8 house. ... ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Why diesel prices are plummeting
Also the price of oil has been way down for a long time. What is the time horizon for that cheap oil to actually get to refineries? 6 mos? A middle east refinery coming on line would probably see Europe getting some of its oil from there since it'd be closer and easier to ship across the Med than the Atlantic... -Curt From: Andrew Strasfogel via Mercedes mercedes@okiebenz.com To: Mercedes Discussion List mercedes@okiebenz.com Cc: Andrew Strasfogel astrasfo...@gmail.com Sent: Thursday, July 30, 2015 11:02 AM Subject: Re: [MBZ] Why diesel prices are plummeting What no one has mentioned is that diesel and fuel oil comprise demand for the same product. In summer there is no demand to heat homes so diesel pirces MUST fall, in addition to everything else. On Thu, Jul 30, 2015 at 10:01 AM, Curly McLain via Mercedes mercedes@okiebenz.com wrote: This indicates two things. 1. The European economy is slowing down. We export millions of gallons of diesel to Europe, 2. The US economy is slowing down. Less demand for product = Less OTR trucks = less diesel consumption, Enjoy the low prices, the economy is getting ready to collapse. Probably after the Fed raises rates in Sept. or Oct. Rick You heard it here first. But, but, but, our dear leader sez the economy is growing and life is so wonderful he could easily be re-elected! His fawning ministers of propaganda also say so. Surely he will dismiss congress and issue an executive order to re-elect himself so the good times will continue! gotta find that bummer-phone so i can call in for unemployment, then gotta buy some pop with the EBT card to sell on the corner fer cansh fer hash, then da ol lady gotta open the AFDC check an cash it so we can pay rent on the section 8 house. ... ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Why diesel prices are plummeting
Why enjoy anything that has been accomplished under Obama? You just KNOW it can't last long. On Thu, Jul 30, 2015 at 2:04 PM, G Mann via Mercedes mercedes@okiebenz.com wrote: Couple of points: Crude supply is now in oversupply. The Shale Oil beds in USA are producing at record rates. So much, that purchase of Saudi Crude is now to record lows. Saudis have their man dresses in a twist because sales are down so much and to counter, they have upped production and sales of OPEC crude. Price per barrel is at a record low, presently. The USA Dollar against other world currency, has gained slightly, thus has more buying power, as the World Reserve Currency [presently]. BRIC has not worked to date, although it's still pressing on to become the world reserve currency. At the present moment.. all the BRIC countries are experiencing financial collapse on a scale never imagined... China for example just lost record value on it's stock market. Russia is broke, and oil sales revenues are in the toilet due to the crash of per barrel prices. etc.. Relax, it's temporary.. soon we in America will feel the induced pain, as planned. The trickle up poverty plan of our exalted self anointed leader is set to finally work. On Thu, Jul 30, 2015 at 8:07 AM, Andrew Strasfogel via Mercedes mercedes@okiebenz.com wrote: If I were an oil producer right now I would be on a steady diet of Sonesta. On Thu, Jul 30, 2015 at 11:06 AM, Curt Raymond via Mercedes mercedes@okiebenz.com wrote: Also the price of oil has been way down for a long time. What is the time horizon for that cheap oil to actually get to refineries? 6 mos? A middle east refinery coming on line would probably see Europe getting some of its oil from there since it'd be closer and easier to ship across the Med than the Atlantic... -Curt From: Andrew Strasfogel via Mercedes mercedes@okiebenz.com To: Mercedes Discussion List mercedes@okiebenz.com Cc: Andrew Strasfogel astrasfo...@gmail.com Sent: Thursday, July 30, 2015 11:02 AM Subject: Re: [MBZ] Why diesel prices are plummeting What no one has mentioned is that diesel and fuel oil comprise demand for the same product. In summer there is no demand to heat homes so diesel pirces MUST fall, in addition to everything else. On Thu, Jul 30, 2015 at 10:01 AM, Curly McLain via Mercedes mercedes@okiebenz.com wrote: This indicates two things. 1. The European economy is slowing down. We export millions of gallons of diesel to Europe, 2. The US economy is slowing down. Less demand for product = Less OTR trucks = less diesel consumption, Enjoy the low prices, the economy is getting ready to collapse. Probably after the Fed raises rates in Sept. or Oct. Rick You heard it here first. But, but, but, our dear leader sez the economy is growing and life is so wonderful he could easily be re-elected! His fawning ministers of propaganda also say so. Surely he will dismiss congress and issue an executive order to re-elect himself so the good times will continue! gotta find that bummer-phone so i can call in for unemployment, then gotta buy some pop with the EBT card to sell on the corner fer cansh fer hash, then da ol lady gotta open the AFDC check an cash it so we can pay rent on the section 8 house. ... ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Why diesel prices are plummeting
Couple of points: Crude supply is now in oversupply. The Shale Oil beds in USA are producing at record rates. So much, that purchase of Saudi Crude is now to record lows. Saudis have their man dresses in a twist because sales are down so much and to counter, they have upped production and sales of OPEC crude. Price per barrel is at a record low, presently. The USA Dollar against other world currency, has gained slightly, thus has more buying power, as the World Reserve Currency [presently]. BRIC has not worked to date, although it's still pressing on to become the world reserve currency. At the present moment.. all the BRIC countries are experiencing financial collapse on a scale never imagined... China for example just lost record value on it's stock market. Russia is broke, and oil sales revenues are in the toilet due to the crash of per barrel prices. etc.. Relax, it's temporary.. soon we in America will feel the induced pain, as planned. The trickle up poverty plan of our exalted self anointed leader is set to finally work. On Thu, Jul 30, 2015 at 8:07 AM, Andrew Strasfogel via Mercedes mercedes@okiebenz.com wrote: If I were an oil producer right now I would be on a steady diet of Sonesta. On Thu, Jul 30, 2015 at 11:06 AM, Curt Raymond via Mercedes mercedes@okiebenz.com wrote: Also the price of oil has been way down for a long time. What is the time horizon for that cheap oil to actually get to refineries? 6 mos? A middle east refinery coming on line would probably see Europe getting some of its oil from there since it'd be closer and easier to ship across the Med than the Atlantic... -Curt From: Andrew Strasfogel via Mercedes mercedes@okiebenz.com To: Mercedes Discussion List mercedes@okiebenz.com Cc: Andrew Strasfogel astrasfo...@gmail.com Sent: Thursday, July 30, 2015 11:02 AM Subject: Re: [MBZ] Why diesel prices are plummeting What no one has mentioned is that diesel and fuel oil comprise demand for the same product. In summer there is no demand to heat homes so diesel pirces MUST fall, in addition to everything else. On Thu, Jul 30, 2015 at 10:01 AM, Curly McLain via Mercedes mercedes@okiebenz.com wrote: This indicates two things. 1. The European economy is slowing down. We export millions of gallons of diesel to Europe, 2. The US economy is slowing down. Less demand for product = Less OTR trucks = less diesel consumption, Enjoy the low prices, the economy is getting ready to collapse. Probably after the Fed raises rates in Sept. or Oct. Rick You heard it here first. But, but, but, our dear leader sez the economy is growing and life is so wonderful he could easily be re-elected! His fawning ministers of propaganda also say so. Surely he will dismiss congress and issue an executive order to re-elect himself so the good times will continue! gotta find that bummer-phone so i can call in for unemployment, then gotta buy some pop with the EBT card to sell on the corner fer cansh fer hash, then da ol lady gotta open the AFDC check an cash it so we can pay rent on the section 8 house. ... ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
