2014 Gasoline Price Forecast

[Londo_Jowo]

I have worked in a refinery for over nine years now. I am in a Union. Guess which one.

I have experienced the safety topics you brought up first hand. I would rather have an employee I know that has been through all the safety training where I work than some random person off the street. I am well aware of what I go through for Unit training and Safety training. A lot of contractors we get in here, outside of the few nested contractors, do not have enough safety knowledge.

The refinery I work at implemented a fatigue policy for turnarounds about two years ago. The policy does not apply to regular working shifts.

I work for a company that manufactures industrial compressors and steam turbines that are used in the refineries. We have instituted specialized training to meet the refineries/chemical plant requirements. As well as participating the Area Safety Counsel training/site specific safety training (as are all contractors that work in the refineries/chemical plants). When we work in plants on the west coast union millwrights must be used, other states we have a our core millwrights (foreman/senior hands)and then supplement additional millwrights from local temp services.

The work crew supervision works in conjunction with the plant operator/safety personnel to secure the proper safe work permits/lock out-tag out (LOTO) for the equipment and perform safety spot checks. At all times there are knowledgeable personnel in charge and ensure the personnel are working safely.

Most refinery maintenance workers in the Gulf Southeast work 4 x 10 hours days per week so fatigue is not an issue. During turnarounds and maintenance they work 7 x 12 hour days and get a fatigue day after 13 days and another after 7 more days, if they take two fatigue days thy can work 13 days vs 7 days. The company I work for follows the respective plants fatigue policy.

 

[dmcowen674]

I just had to post this to laugh at.

Apparently Jowo, Indy and the rest of the lair loser oil thug coward club have invaded Bloomberg.

2-7-2015

http://finance.yahoo.com/news/experts-know-exactly-where-oil-233453776.html

These Experts Know Exactly Where Oil Prices Are Headed



The outlook on oil prices is clear: Oil will crash. The situation is volatile, and forecasts are all over the place — from $30 a barrel predicted by the president of Goldman Sachs to as high as $200 a barrel seen by the head of OPEC.


So what’s going to happen next? Here’s a sampling of predictions from the last two weeks:

• Oil could fall as low as $30 because supply surpluses won’t disappear overnight, said Barclays analyst Miswin Mahesh.
• Oil has the potential climb to $200 per barrel from a lack of investment in new supply, warned OPEC’s Secretary General Abdell El-Badri. “If you don’t invest in oil and gas, you will see more than $200,” he said, without giving a time frame.
• Shale oil will soon be needed to make up for production declines around the world, pushing U.S. prices to as high as $65 a barrel, the head of Astenbeck Capital Management wrote in a Feb. 2 letter obtained by Bloomberg News.
• In a Bloomberg News survey of analysts and traders, 12 of 32 respondents predicted futures will decline through Feb. 13, while 10 forecast an increase.
• “We don’t think we’ve seen the bottom yet,” said Giovanni Staunovo, a commodities analyst at UBS in Zurich.
• “We are establishing a bottom,” said Bill O’Grady, chief market strategist at Confluence Investment Management in St. Louis, which oversees $2.4 billion. “In the long run, probably $60 is going to be your pivot point.”
• Oil will probably continue to decline and could reach as low as $30 a barrel, said Gary Cohn, president of Goldman Sachs Group Inc. “We’re probably in the lower, longer view,” said Cohn, a former oil trader.
• “The fundamental supply and demand does remind me of 1986 a bit, where we could go into a period in this decade of lower oil prices,” said BP CEO Bob Dudley. Prices may stay below $60 for as long as three years, he said. “It will be a long time before we see $100 again.”
• Oil could fall to the $30 a barrel range, said Fumiya Kokubu, CEO of Tokyo-based Marubeni Corp. He said he doesn’t see much of a price rebound in the next two or three years.

What’s an investor to think? In 2015, the average price is likely to be anywhere from $35 to $80, according to a Bloomberg Intelligence survey of 86 investment specialists. That’s a pretty big range.


Q: What Will Be the Average Price of Crude in 2015?



The only thing that’s certain is more uncertainty. Probably.

 

[Londo_Jowo]

I always hear that the contractors are the ones that are unsafe, all the incidents I've been in the near vicinity (adjacent facility) were caused by the plants operations either starting a plant after maintenance or restarting after a power loss.

Equilon refinery, Anacortes Wa 2003 (I was orking at March Point Cogen at the time)

http://articles.latimes.com/1998/nov/26/news/mn-48076

ANACORTES, Wash. — An explosion shook an oil refinery Wednesday afternoon, killing at least five people and sending a plume of black smoke into the sky, authorities said. One person was missing.
The blast occurred about 1:30 p.m. at the Equilon Puget Sound Refining Co., said Lee Reagin, a spokesman for the company. The cause was under investigation.
"At the time of the incident, the refinery was recovering from a total electrical power failure as a result of the recent windstorms," Reagin said.

BP Texas City, TX 2005 (I was working at South Houston Green Power)

http://www.csb.gov/bp-america-refinery-explosion/

Accident Description
At approximately 1:20 p.m. on March 23, 2005, a series of explosions occurred at the BP Texas City refinery during the restarting of a hydrocarbon isomerization unit. Fifteen workers were killed and 180 others were injured. Many of the victims were in or around work trailers located near an atmospheric vent stack. The explosions occurred when a distillation tower flooded with hydrocarbons and was overpressurized, causing a geyser-like release from the vent stack.

 

[Londo_Jowo]

I just had to post this to laugh at.

Most of us laugh at you because you're (Nostadumas McOwned) the only one making predictions in here.......................99.9% of them wrong no less.

 

[IndyColtsFan]

Most of us laugh at you because you're (Nostadumas McOwned) the only one making predictions in here.......................99.9% of them wrong no less.

Do you even think Dave realizes he is the forum laughingstock? I mean, even all the thousands and thousands of lurkers out there realize he is a dismal, pathetic, lying failure.

 

[Londo_Jowo]

Do you even think Dave realizes he is the forum laughingstock? I mean, even all the thousands and thousands of lurkers out there realize he is a dismal, pathetic, lying failure.

He reminds me of a kid that does anything (good or bad) for attention (positive or negative) just for the sake of getting attention. Though the sad thing is he's not the only one in this forum that acts/posts like this just for the sake of stirring up crap/getting attention.

 

[dmcowen674]

Going up

2-9-2015

http://finance.yahoo.com/video/u-gas-prices-jump-due-155340221.html

U.S. Gas Prices Jump Due to Rise in Crude Oil



The recent move up in oil prices is translating to higher prices at the gas pump. The average price of a regular gallon of gas jumped $0.13 in the past two weeks to $2.20. Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump.


San Francisco continued to have the highest-priced gas in the Lower 48 states at $2.59 a gallon. The low average was in Tucson, Arizona, at $1.82

 

[Meghan54]

they should be forced to lower the price

So, again Dave, how do you force private companies to lower the price of their goods? Or are you just having more diarrhea of the brain?

 

[Londo_Jowo]

As always you find something to piss and moan about. Sure gas prices are going up yet the average gas price is $1.265/gas less than it was a year ago.

http://newsroom.aaa.com/2014/02/aaa-monthly-gas-price-report-february-2014-trends-and-march-outlook/

Washington, February 28, 2014
Today’s national average price of gas is $3.45 per gallon.

Vs

http://fuelgaugereport.aaa.com/todays-gas-prices/

National Average Prices 2.185/gal

 

[allisolm]

Going up

2-9-2015

http://finance.yahoo.com/video/u-gas-prices-jump-due-155340221.html

U.S. Gas Prices Jump Due to Rise in Crude Oil

The recent move up in oil prices is translating to higher prices at the gas pump. The average price of a regular gallon of gas jumped $0.13 in the past two weeks to $2.20. Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump.

Going down.

2-9-15

http://www.bloomberg.com/news/artic...unge-to-20-and-this-might-be-the-end-of-opec-

Citi: Oil Could Plunge to $20, and This Might Be 'the End of OPEC'

"The recent surge in oil prices is just a "head-fake," and oil as cheap as $20 a barrel may soon be on the way, Citigroup said in a report on Monday as it lowered its forecast for crude."

 

[Londo_Jowo]

Oh snap!!!

http://money.cnn.com/2015/02/09/news/economy/oil-prices-iea-forecast/index.html

Waiting for oil prices to go back up to $100 per barrel? Don't waste your time. It ain't gonna happen any time soon, according to a new report.

 

[allisolm]

Oh snap!!!

http://money.cnn.com/2015/02/09/news/economy/oil-prices-iea-forecast/index.html

LOL
Dave's article says going up, mine says down, and yours is for staying the same. Glad to see the experts are all in agreement!

 

[realibrad]

http://www.forbes.com/sites/timwors...p-oils-heading-to-20-and-opecs-days-are-over/

Oil thugs are going to push oil down to $20 a barrel. When is the US going to stop these Thugs. The Thug cartel are thug the thugging and we cannot undo the thug of thug by thugs. Thugs.

 

[Londo_Jowo]

LOL
Dave's article says going up, mine says down, and yours is for staying the same. Glad to see the experts are all in agreement!

Actually Dave's article is talking about current trends and even then it doesn't call for any major rise in oil prices. I suspect oil prices will drop further and then stabilize at prices close to what they are currently. Should oil prices get to the $75/barrel price the wells that have been recently shutdown will be placed back online and should halt any increase above that point.

 

[dmcowen674]

LOL
Dave's article says going up, mine says down, and yours is for staying the same. Glad to see the experts are all in agreement!

Do you believe the article that says the end of OPEC?

 

[allisolm]

Actually Dave's article is talking about current trends and even then it doesn't call for any major rise in oil prices.

You, sir, are correct. :thumbsup:

 

[werepossum]

http://www.forbes.com/sites/timwors...p-oils-heading-to-20-and-opecs-days-are-over/

oil thugs are going to push oil down to $20 a barrel. When is the us going to stop these thugs. The thug cartel are thug the thugging and we cannot undo the thug of thug by thugs. Thugs.

lmao! +1

 

[dmcowen674]

Originally Posted by Londo_Jowo
Actually Dave's article is talking about current trends and even then it doesn't call for any major rise in oil prices.

You, sir, are correct. :thumbsup:

You didn't answer the question and a couple more for you.

Do you actually believe the article where it says the end of OPEC?

You actually believe Oil will not go back to $100 and beyond?

Do you want to buy a bridge in Brooklyn New York?

 

[realibrad]

Do you actually believe the article where it says the end of OPEC?

If the price of oil stays low, and there is competition from other resources, it would be too expensive to maintain the current cartel. So, in that type of situation, OPEC as we know it would be ended. That does not mean that collusion and what not will stop, but OPEC as we know it would end.

You actually believe Oil will not go back to $100 and beyond?

It can, but unless there is something that drives demand up, its not likely. Its possible something could happen to drive up demand, like a new invention or something like that. But, its also true that something new could come along to make oil demand go even lower.

Do you want to buy a bridge in Brooklyn New York?

If I could get a good return on it, sure.

 

[dmcowen674]

Quote:
Originally Posted by dmcowen674


Do you actually believe the article where it says the end of OPEC?

If the price of oil stays low, and there is competition from other resources, it would be too expensive to maintain the current cartel. So, in that type of situation, OPEC as we know it would be ended. That does not mean that collusion and what not will stop, but OPEC as we know it would end.


Quote:
Originally Posted by dmcowen674
You actually believe Oil will not go back to $100 and beyond?

It can, but unless there is something that drives demand up, its not likely. Its possible something could happen to drive up demand, like a new invention or something like that. But, its also true that something new could come along to make oil demand go even lower.

Quote:
Originally Posted by dmcowen674
Do you want to buy a bridge in Brooklyn New York?

If I could get a good return on it, sure.
==================================================

Wow. have to give you credit for openly posting to the world how much of a fool you are.

 

[dmcowen674]

Some Oil Thug girl named Keisha spewing nonsense for the corrupt Oil Industry:

2-10-2015

http://finance.yahoo.com/news/why-refinery-maintenance-isn-t-180647268.html


Why refinery maintenance isn’t the best thing for crude prices



By Keisha Bandz


Refineries are the main source of crude demand. Refinery input levels affect inventory draws and builds. So, refining throughputs affect inventory levels not only for crude oil, but also for refined products—like gasoline and distillates.



We’ll discuss inventory levels for these products in the next parts of this series.

 

[Londo_Jowo]

Oh noes!!! Say it ain't so Joe!!!!

http://finance.yahoo.com/news/brent-crude-rally-ends-iea-025540525.html

Oil rebound falters as IEA hints at record-high stocks

 

[AznAnarchy99]

http://www.businessinsider.com/oil-price-february-10-2015-2

Oil getting smoked.

Down 5.1% as of right now.

http://www.wsj.com/articles/oil-falls-on-investor-caution-over-recent-rally-1423551524

Fucking thugs.

 

[realibrad]

Quote:
Originally Posted by dmcowen674


Do you actually believe the article where it says the end of OPEC?

If the price of oil stays low, and there is competition from other resources, it would be too expensive to maintain the current cartel. So, in that type of situation, OPEC as we know it would be ended. That does not mean that collusion and what not will stop, but OPEC as we know it would end.


Quote:
Originally Posted by dmcowen674
You actually believe Oil will not go back to $100 and beyond?

It can, but unless there is something that drives demand up, its not likely. Its possible something could happen to drive up demand, like a new invention or something like that. But, its also true that something new could come along to make oil demand go even lower.

Quote:
Originally Posted by dmcowen674
Do you want to buy a bridge in Brooklyn New York?

If I could get a good return on it, sure.
==================================================

Wow. have to give you credit for openly posting to the world how much of a fool you are.

Can you explain at all?

Why do you think oil prices are so low right now?

I think its due to market demand being low relative to supply and other alternatives like natural gas competing.

What do you think?

 

[dmcowen674]

Can you explain at all?

Why do you think oil prices are so low right now?

I think its due to market demand being low relative to supply and other alternatives like natural gas competing.

What do you think?

What's to explain and think?

What is evident is that when oil is $100 and higher and gas is $4 and higher is a scam and raping that you and your buds endorse by the Oil Thugs.

Seems to me you and your Thug buddies have a whole lot of splaining to do but you guys would never fess up to being the liars, loser and cowards that you all are.

That's ok it's all in black and white here for all the world to see.