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Posted

Good job for the month. I’ve seen 15-20% as the amount needed to cut. Getting there.

 

The flip side is it has required such big industrial cuts.

Good for the US. If we’re willing to pull out the gas, we can have a mini industrial boom with these companies looking for new homes. 

 

 

Posted
12 minutes ago, Parliament said:

Pax Americana, Baby!

We just have to want to do it. We are an energy superpower.  Also, while we’re at it let’s pull out more gas to use for all this green energy supply chain stuff. Instead of willingly walking into China’s embrace. Stupid. 

Posted

I’ll put this here as well as inflation thread because this seems like a pretty hostile act that could raise the temperature in a few ways. Obviously OPEC+ members upset about the talk of price caps. Probably don’t like our SPR dumps. Russia of course loves it. Prices should go up substantially. 

 

 

Posted
20 minutes ago, Schulz2.0 said:

Not unless something happens. I know some of you guys need your doom porn though.

OPEC cutting production + a large number of domestic refineries amidst maintenance/repairs/disruption + inability to tap the SPR at the rate done prior = higher gas prices. 

  • Like 1
Posted
2 minutes ago, BabaYaga said:

OPEC cutting production + a large number of domestic refineries amidst maintenance/repairs/disruption + inability to tap the SPR at the rate done prior = higher gas prices. 

I literally work in refining.

Posted
1 hour ago, BabaYaga said:

OPEC cutting production + a large number of domestic refineries amidst maintenance/repairs/disruption + inability to tap the SPR at the rate done prior = higher gas prices. 

OPEC's 2 million bpd cut was actually more like 900,000 bpd. They already weren't meeting their production quotas. This cut was to the production quota not actual output. Gas settled out at about 10 cents higher than it had been after that cut and the fire at the Toledo Husky refinery. 

Posted
59 minutes ago, Schulz2.0 said:

OPEC's 2 million bpd cut was actually more like 900,000 bpd. They already weren't meeting their production quotas. This cut was to the production quota not actual output. Gas settled out at about 10 cents higher than it had been after that cut and the fire at the Toledo Husky refinery. 

They are a cartel.  They are addicted to triple digit prices/barrel and want to maintain these price controls.  Either way, it's hard to see how this doesn't elevate prices here at the pump.  

Posted
1 hour ago, Schulz2.0 said:

OPEC's 2 million bpd cut was actually more like 900,000 bpd. They already weren't meeting their production quotas. This cut was to the production quota not actual output. Gas settled out at about 10 cents higher than it had been after that cut and the fire at the Toledo Husky refinery. 

 

2 hours ago, Schulz2.0 said:

I literally work in refining.

Any thoughts on the potential gas export ban that has been floated as possibility?

Posted
4 minutes ago, Humble Beast said:

 

Any thoughts on the potential gas export ban that has been floated as possibility?

It's a potential option. I don't think it's that good of an option. 

Posted

Streamlining German ops. Looking at how to structurally adjust main German site.  
 

Also, 

These sanctions have reliably led to higher costs/tighter supplies for the sanctioned goods.  We’ll see whether Russia makes up for the volume loss with higher prices like has happened to an extent with oil and gas. 
 

Posted
21 minutes ago, Humble Beast said:

Streamlining German ops. Looking at how to structurally adjust main German site.  
 

Also, 

These sanctions have reliably led to higher costs/tighter supplies for the sanctioned goods.  We’ll see whether Russia makes up for the volume loss with higher prices like has happened to an extent with oil and gas. 
 

A lot of industrial production in Europe is going to move to the US soon.

  • Hook 'Em 2
Posted

If they stop importing aluminum, will beer be packaged in capri sun pouches?

I kid. But banning Russian aluminum is going to cause problems for construction. Talking to my subcontractors, glass and aluminum prices have already gone up 40% this year. This is going to make construction costs even higher. 

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