09-16-2008, 04:38 AM
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♦*♥Moderatrix♥*♦
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You said a day's consumption and are doing the math for a month. Are you a Republican? I smell "fuzzy math."
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09-16-2008, 04:48 AM
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Some days feel like a month. LOL
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09-16-2008, 04:49 AM
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♦*♥Moderatrix♥*♦
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Amen brother Oldfart. Yesterday being one of those days.
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09-16-2008, 06:04 AM
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Quote:
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Originally Posted by Lilith
… I smell "fuzzy math."
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You also?
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Originally Posted by Oldfart
The oil companies would have several weeks supplies stashed to cover breakdowns, storms etc. It sounds like a distribution problem to me.
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Quote:
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Originally Posted by Oldfart
… Almost 12 days of stockpile by my maths.
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Or are some numbers more equal than others?
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Eudaimonia
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09-16-2008, 07:58 AM
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Republican? Fuzzy Math?
Bah!
As a card carrying, lifetime member of the Democratic Party I can lay claim to much better that fuzzy math! I need only point out the Clinton Administration’s efforts to use statistics to “adjust” the numbers of the 2000 Census for apportionment purposes.
We prefer to make the numbers up.
It required a 1999 Supreme Court decision to put that one to bed.
Of course, so would the Republicans, or any other party, if they thought it would advance their cause – and that they could get away with it. No, slinging empty labels about will not, I believe, solve the problems of the world, or fill empty gas pumps.
Still, it takes all kinds to make the world go round.
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09-16-2008, 10:03 AM
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Quote:
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Originally Posted by Coastie
It happens both ways though.. the price can go down regardless of when a truck comes in. They adjust the selling price based on the price they expect to have to pay to replace it (sorta.. complex formula  ).
The prices going up with the pump had a lot of do with the media and people having a the skys falling attitude.. if everyone across the country didn't rush to go get gas immediately prior to Ike would the price have gone up as much? I think it was more of a perceived shortage than anything based on fact. With the refineries tempoarily shut down yeah some areas may have ended up with shortages.. but not everywhere. |
I live next door to an oil delivery company named "Just Oil".My nei ghbor runs
the business.He told me that the price is based on his replacement price!
They have a billboard,in front,with the daily price.You wouldn't believe how
much it fluctuates,day to day!Every day they refill thier trucks at the Portsmouth NH oil terminal.The price is detirmned(sp?) there.When I ran my motorcycle repair shops,the parts prices were detirmined by my suppliers
price.They were fairly stable. Irish 
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Irish---Better to be dead & cool,then alive & uncool!
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09-16-2008, 11:35 AM
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~a little bit naughty~
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Join Date: Jun 2004
Location: Georgia
Posts: 23,422
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Quote:
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Oil/Fuel is a commodity, as far as the transfer and shipping the government has about zero to do with it. If the company your gas station normally gets gas from gets its gas from a company that gets theirs from a texas refinery they may not be able to on short notice get fuel from somewhere else, plus there is just limited infrastructure and delivery vehicles. As far as this aspect, it's not really a political thing at all, it's a corporate/capitalist thing.
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I do believe that it's a corporate issue that we have no gas and haven't had any sense Friday night. Well, yesterday we finally got one small load of premium but that won't last long unless more trucks are on their way. I work for a very large convenience/gas station that brags to having the lowest prices. This means we buy our gas as cheap as we can get it. The fact that corporate knew this was going to happen to the stores in my area tells us that someone dropped the ball in long term planning for the supply of gasoline. I sure won't be surprised to hear that a few heads were left to roll once the dust of this mess settles. |
09-16-2008, 09:27 PM
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Turn it up!
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Join Date: May 2001
Location: Music City
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Surely no one is suggesting that the oil companies are engaging in some good old-fashioned price gouging? Perish the thought... 
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Plug me into somethin'
If the theory does not conform to the facts, then the facts must be discarded.
No good deed ever goes unpunished
Never argue with an idiot. He'll drag you down to his level, & beat you with experience.
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09-16-2008, 10:34 PM
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Booger Lama
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Join Date: Sep 2002
Location: Michigan
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Quote:
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Originally Posted by Lilith
You said a day's consumption and are doing the math for a month. Are you a Republican? I smell "fuzzy math."
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No Lilith that is what is call Jseal Logic. I think you know how that works anything Jseal says is always right no matter what the facts and numbers say.
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it's only kinky the first time
it's not the orgasm but getting there thats fun
a shot in the bush is worth two in the hand
whip me, beat me, tie me up, break my arm, but please don't break my heart
"The trouble with the world is that the stupid people are cocksure and the intelligent are full of doubt" -Bertrand Russell
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09-16-2008, 10:49 PM
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Booger Lama
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Join Date: Sep 2002
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Quote:
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Originally Posted by jseal
For those who are willing to accept the US DOE’s numbers, in June of this year, there were approximately 107 million barrels of gasoline stock. Also in June daily consumption was approximately 9 million barrels. This works out to less than 1 day’s consumption stockpiled.
With a margin as thin as that, a little bit of panic buying goes a long way. |
If you dig deeper at your first link you can find a week stock which show the weekly stock you see 06/06 has 105,560, 06/13 has 106,241, 06/20 has 106,292 and 06/27 has 106,707. So using you logic below there would be 424,800.
Quote:
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Originally Posted by jseal
107 mb June gasoline stock
(9 mb/day * 30 days in June) = 270 mb June consumption
107 / 270 < 1
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__________________
it's only kinky the first time
it's not the orgasm but getting there thats fun
a shot in the bush is worth two in the hand
whip me, beat me, tie me up, break my arm, but please don't break my heart
"The trouble with the world is that the stupid people are cocksure and the intelligent are full of doubt" -Bertrand Russell
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09-17-2008, 03:31 AM
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jseal, I cop this at home when I make deliberate misspeakings to rev up the rest.
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09-17-2008, 04:28 AM
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Quote:
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Originally Posted by scotzoidman
Surely no one is suggesting that the oil companies are engaging in some good old-fashioned price gouging? Perish the thought... |
Evidence? 
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Eudaimonia
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09-17-2008, 04:33 AM
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Quote:
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Originally Posted by Oldfart
jseal, I cop this at home when I make deliberate misspeakings to rev up the rest.
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Deliberate? Intentional?
Are you suggesting this? About what, if I may ask?
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Eudaimonia
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09-17-2008, 12:07 PM
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pixie of the wood
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Join Date: Apr 2004
Posts: 10,575
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Quote:
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Originally Posted by Lord Snow
Where'd it go?!
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i am reminded of the answer my brother in law always gave when someone asked where is....
if it was up your ass you'd know it.
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09-17-2008, 12:43 PM
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Turn it up!
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Join Date: May 2001
Location: Music City
Posts: 9,293
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Quote:
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Originally Posted by jseal
Evidence? |
Absence of evidence is not evidence of absence. 
__________________
Plug me into somethin'
If the theory does not conform to the facts, then the facts must be discarded.
No good deed ever goes unpunished
Never argue with an idiot. He'll drag you down to his level, & beat you with experience.
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