Re: [MBZ] Why diesel prices are plummeting

2015-07-30 Thread Curly McLain via Mercedes



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.  ...


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Re: [MBZ] Why diesel prices are plummeting

2015-07-30 Thread Rich Thomas via Mercedes
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.
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Re: [MBZ] Why diesel prices are plummeting

2015-07-30 Thread Rick Knoble via Mercedes
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.
  
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Re: [MBZ] Why diesel prices are plummeting

2015-07-30 Thread Curt Raymond via Mercedes
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.


                         
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Re: [MBZ] Why diesel prices are plummeting

2015-07-30 Thread Kaleb C. Striplin via Mercedes
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.
 
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 http://www.okiebenz.com
 
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 http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
 

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Re: [MBZ] Why diesel prices are plummeting

2015-07-30 Thread Andrew Strasfogel via Mercedes
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

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Re: [MBZ] Why diesel prices are plummeting

2015-07-30 Thread Andrew Strasfogel via Mercedes
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.  ...
 
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  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
 
 
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Re: [MBZ] Why diesel prices are plummeting

2015-07-30 Thread Curt Raymond via Mercedes
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

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Re: [MBZ] Why diesel prices are plummeting

2015-07-30 Thread Andrew Strasfogel via Mercedes
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.  ...
   
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Re: [MBZ] Why diesel prices are plummeting

2015-07-30 Thread G Mann via Mercedes
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
  
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   To Unsubscribe or change delivery options go to:
   http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
  
  
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