Fill up this weekend
 

wrote in message
...
Wanna bet the hurricane is not going to blow up a bunch of oil rigs,
refineries and loading ports?

Not me.

This may be the $3.00 gas scenario they talk about ... like about
tuesday!.


There was a show on FX about 3 months ago, called "Oil Storm". Is Katrina
the real life "Oil Storm"?

Oil crisis film takes market fears to living rooms

Deepa Babington, Reuters
Think $55 a barrel oil is bad? Wait till a hurricane knocks out a U.S.
pipeline and a port at the same time that militants are killing hostages in
Saudi Arabia, sending oil prices over $150 a barrel.

That's the premise of "Oil Storm," a television docudrama set to premiere in
the United States on Sunday. The movie uses exaggerated real life events and
fictional characters to examine America's dependence on oil and the havoc a
major disruption in supply could wreak on ordinary people.

The movie depicts -- albeit in the extreme -- what energy markets have spent
much of the past year fretting about: hurricanes that can rip apart oil
infrastructure and war and turbulence in the Middle East, which have driven
crude prices to record highs.

And the writers aim to show why the intricacies of oil rigs and oil reserves
should be as much a concern for average Americans, with their taste for gas
guzzling SUVs and summer road trips, as they are for traders at the New York
Mercantile Exchange.

"Everything is so interconnected that anything that happens in Saudi Arabia
or China will have an impact on oil, and therefore an impact on you or I in
terms of what happens at the pump," said Caroline Levy, its British producer
and co-writer.

http://www.fxnetworks.com/show....html

Watch the Promo at the link. I don't know if FX plans to air it again.

wrote in message
...
Wanna bet the hurricane is not going to blow up a bunch of oil rigs,
refineries and loading ports?

Not me.

This may be the $3.00 gas scenario they talk about ... like about
tuesday!.

It's 28 cents higher than that at the marinas down here already. I'm
expecting $4/gallon on the water. That translates to a dollar fifty per
mile for my boat.


My 17' Outrage gets about 4.5 mpg with a carbed 2-stroke. I may have to
repower with an E-tec or a 4-stroke and start using only the small boat.

"Shortwave Sportfishing" wrote in message
...
On Sun, 28 Aug 2005 18:31:58 GMT, "NOYB" wrote:


wrote in message
. ..
Wanna bet the hurricane is not going to blow up a bunch of oil rigs,
refineries and loading ports?

Not me.

This may be the $3.00 gas scenario they talk about ... like about
tuesday!.


There was a show on FX about 3 months ago, called "Oil Storm". Is Katrina
the real life "Oil Storm"?

Oil crisis film takes market fears to living rooms

I can't see it. At some point, the rebellion will start and the
bubble will burst. I'm of the opinion that another month or so of
these prices is going to break the inflationary "force field" of
eliminating fuel/food pricing with the "core" inflation figure and the
CPI will sky rocket.

Consider this - my fuel bill this year, not counting the boats, just
my diesel pickup and my wife's car, has doubled over last year.

Doubled - not a portion of - doubled.

And we do a pre-Labor Day weekend deal where we purchase the exact
same grocery basket that we did the previous year - one week before
Labor Day. This years grocery basket cost us $75 more this year than
last year.

Then we have another problem. We supply heat to our apartments and
last year we were paying $1.75 per gallon on a 2000 gallon
pre-purchase from an oil dealer we've done business with for over 30
years. This year, he's had enough - sold his business to another
local company and they aren't doing pre-purchase contracts. They will
promise that their delivery prices will not exceed $3 per gallon, but
that's as far as they go.

I don't even know what gas will do and we supply hot water.

So what do I tell our long term tenants about their heat situation?
Just in fuel costs alone, we will just barely break even on
rents/costs never mind insurance, taxes (which just went up again in
the town where they are) and regular upkeep and maintenance. There is
a fuel clause in the contracts, but $100/125 a month increase for
fuel? Our water bill is going to increase by 27% in November.

We don't want to create a problem, but some of our tenants have been
with us for a long, long time and a couple of them are on fixed
incomes - what the hell to we tell them? We've been carrying two of
these elder folks for three years now with no increase in rent - we
can't keep doing that.

These are income producing properties, not charity homes. We can
afford to carry a couple, not the whole 18 units.

And if we sell them, we walk away with a ton of money, but what
happens to the tenants?

The bubble is going to burst and I hope to hell it doesn't hurt a lot.

The first bubble to burst will be the recreational boating market. Without
a doubt.

wrote:
Wanna bet the hurricane is not going to blow up a bunch of oil rigs,
refineries and loading ports?

Not me.

This may be the $3.00 gas scenario they talk about ... like about
tuesday!.

Just read a business report that oil futures are trading up $4.00 a
barrel to somewhere in the $70+ range.

This sucks!!!

I am wondering when this will put a damper on the economy. I read a
different report today stating that oil prices run in line with
economic growth, so that this isn't necessarily a bad thing. I would
tend to agree except the growth in oil prices has been exponential
when compared to that of the economy. As long as there aren't any
supply line shortages we should be okay. Otherwise, guess I'll be
sleeping in my office.

On Sun, 28 Aug 2005 13:52:00 -0400, wrote:

Wanna bet the hurricane is not going to blow up a bunch of oil rigs,
refineries and loading ports?

Not me.

This may be the $3.00 gas scenario they talk about ... like about
tuesday!.

On Sun, 28 Aug 2005 18:36:00 GMT, "NOYB" wrote:


wrote in message
.. .
Wanna bet the hurricane is not going to blow up a bunch of oil rigs,
refineries and loading ports?

Not me.

This may be the $3.00 gas scenario they talk about ... like about
tuesday!.

It's 28 cents higher than that at the marinas down here already. I'm
expecting $4/gallon on the water. That translates to a dollar fifty per
mile for my boat.


My 17' Outrage gets about 4.5 mpg with a carbed 2-stroke. I may have to
repower with an E-tec or a 4-stroke and start using only the small boat.


My marina is at $2.98 right now. At 8gph cruising, running around the bay gets
to be a costly experience.

--
John H

"All decisions are the result of binary thinking."