Author Topic: Hurricane Harvey  (Read 10855 times)

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Offline jmt18325

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Re: Hurricane Harvey
« Reply #50 on: September 03, 2017, 15:26:16 »
Please inform us all knowledgeable one.

The reality is, the world market, and the North American market in particular is integrated for products like this.  We also live in a world of just in time inventory management.  On top of that, you're dealing with a product that doesn't have a long shelf life.  Any disruption is going to cause a spike.  This is a big disruption, with some uncertainty built in.

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Re: Hurricane Harvey
« Reply #51 on: September 03, 2017, 15:34:17 »
The reality is, the world market, and the North American market in particular is integrated for products like this.  We also live in a world of just in time inventory management.  On top of that, you're dealing with a product that doesn't have a long shelf life.  Any disruption is going to cause a spike.  This is a big disruption, with some uncertainty built in.

JMT is correct.

Offline George Wallace

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Re: Hurricane Harvey
« Reply #52 on: September 03, 2017, 16:00:56 »
JMT is correct.

At the same time, there are enough Reserves and refineries around North America, that they could easily ramp up production to cover that lost 20% in Texas. 
How much of Canadian oil products actually come from across the border?
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Offline kratz

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Re: Hurricane Harvey
« Reply #53 on: September 03, 2017, 16:17:53 »
Using yesterday's average rates, the spike in Canadian markets is more than 25% higher than rates in the USA.

CPL $1.27 CAD * 3.78541 = $3.87 CAD per US Gallon * 1.24 currency conversion = $3.11 CPG USD = 25% more in Canada
CPG $2.34 USD / 3.78541 = $0.618153 USD per Litre / 1.24 currency conversion = $0.77 CPL CAD

1 L = 3.78541 US Gallon
$1 CAD = $1.24 USD
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Offline Blackadder1916

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Re: Hurricane Harvey
« Reply #54 on: September 03, 2017, 16:33:39 »
Using yesterday's average rates, the spike in Canadian markets is more than 25% higher than rates in the USA.


With only a cursory glance at your calculation (math makes my head hurt) it seems that your analysis points to a difference in average price at one point in time, not what the percentage of increase was.  I've always gone with the guesstimation that Canadian gas will always be about 30% higher priced than in the USA, so if the difference is now only 25%, then we are coming out ahead.
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Offline jmt18325

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Re: Hurricane Harvey
« Reply #55 on: September 03, 2017, 16:55:24 »

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Re: Hurricane Harvey
« Reply #56 on: September 03, 2017, 17:18:58 »
At the same time, there are enough Reserves and refineries around North America, that they could easily ramp up production to cover that lost 20% in Texas. 
How much of Canadian oil products actually come from across the border?

There is very little spare refining capacity in North America anymore. No new refineries have been built in years and many have been closed.

That said, apparently European and Middle Eastern refineries are ramping up to meet demand (and make some money).

Offline Scott

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Re: Hurricane Harvey
« Reply #57 on: September 03, 2017, 17:21:43 »
Here is a bit dated info on imports vs exports.

http://www.nrcan.gc.ca/energy/oil-sands/18086
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Offline Larry Strong

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Re: Hurricane Harvey
« Reply #58 on: September 03, 2017, 18:32:03 »
This one might be opening at an opportune time......The Sturgeon refinery only will produce only low-sulfur diesel fuel, and not gasoline though......

https://www.bloomberg.com/news/articles/2017-05-30/canada-to-open-first-refinery-in-decades-in-glutted-fuel-market
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Offline mariomike

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Re: Hurricane Harvey
« Reply #59 on: September 03, 2017, 20:25:23 »
As President Obama used to say "dont let a crisis go to waste" 

Former Obama Chief of Staff Rahm Emanuel said that.

I found no source of President Obama himself saying it.

Winston Churchill supposedly coined it. Machiavelli may have been the originator.

Saw this on Twitter,

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« Last Edit: September 03, 2017, 23:11:14 by mariomike »

Offline Jarnhamar

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Re: Hurricane Harvey
« Reply #60 on: September 07, 2017, 13:53:45 »
Found this interesting.

It's now a $20'000 fine if you're caught price gouging in Flordia.

http://www.floridatoday.com/story/news/2017/09/05/price-gouging-hotline-effect-florida-because-irma/632280001/

Even a hotline set up to call and report people.
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Offline dapaterson

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Re: Hurricane Harvey
« Reply #61 on: September 07, 2017, 14:00:13 »
Guess I need to raise prices to cover the fine...
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Offline Jarnhamar

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Re: Hurricane Harvey
« Reply #62 on: September 07, 2017, 14:07:46 »
Now if they could only stop the price gouging going on with gas up here.
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Offline ModlrMike

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Re: Hurricane Harvey
« Reply #63 on: September 07, 2017, 17:34:02 »
This could go in a number of forums, but I'll put it here for now:



I'd like to believe that there's not this much stupid in the world, but every day someone proves me wrong.
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Offline kratz

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Re: Hurricane Harvey
« Reply #64 on: September 07, 2017, 18:11:35 »
Sadly,

With the introduction of the internet, it's become far too easy to find "stupid" these days.  ::)
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Offline George Wallace

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Re: Hurricane Harvey
« Reply #65 on: September 07, 2017, 19:15:49 »
This could go in a number of forums, but I'll put it here for now:
I'd like to believe that there's not this much stupid in the world, but every day someone proves me wrong.

PMedMoe actually posted her website.  She really is that stupid.



Now this guy gets to see how KARMA works:

« Last Edit: September 07, 2017, 19:26:35 by George Wallace »
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Offline Loachman

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Re: Hurricane Harvey
« Reply #66 on: September 07, 2017, 23:27:55 »
What was the mark, and in what medium, did Israelites apply to their doors to protect themselves during the night preceding their liberation from Egyptian slavery?[/not a Biblical scholar]

Perhaps something similar would help that last idiot.

Couldn't hurt...

Offline Fishbone Jones

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Re: Hurricane Harvey
« Reply #67 on: September 08, 2017, 12:34:40 »
Can we leave the idiots behind and put the thread back on track? This crap is ALL OVER the internet. If you want to hunt stupidity, go there, to a target rich environment.
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