Lower Diesel Prices
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Senior User
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From: at Work
Lower Diesel Prices
The only way you (we) can help lower the price of fuel is to Boycott a supplier for 1-2 weeks at a time. Start May 1, Do Not buy Fuel From SHELL, go for a 2 week period and then, change to CONOCO, etc, etc, hit all the manufacturers that way. As each suppliers reserves backs up, they will lower the price. If the OTR drivers would also do the same a major change could happen, and happen right away.
Post Fiend
Joined: Oct 2005
Posts: 10,626
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From: Plano TX and Brentwood TN
That won't do all that much good either. Demand for fuel for vehicles has dropped dramatically in this country and yet prices haven't dropped. Reason being is that refiners are not refining as much in order to keep prices high. Not to mention the state of the rest of the economy. There are alot more factors that are going on here then just the simple theory that it's the oil companies, refiners etc. I doubt you'll actually get that many people to do that for various reasons, doesn't matter for what reasons I doubt it'll happen.
Postmaster
Joined: Sep 2002
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From: None of your business
Demand in the US is down somewhat and the dollar actually gained some strengh, pushing crude down a little.
Gas/diesel boycotts do not work. You either buy fuel now or then, they get thier money either way.
With diesel, guess what all these "developing nations" are using? Diesel. As many people know, a good portion of cars and trucks in China, India, and Europe are diesel. You only get so much out of a barrel. So the demand on diesel alone is rising. That's why gas isn't keeping up with the pace of diesel prices.
Mike
Gas/diesel boycotts do not work. You either buy fuel now or then, they get thier money either way.
With diesel, guess what all these "developing nations" are using? Diesel. As many people know, a good portion of cars and trucks in China, India, and Europe are diesel. You only get so much out of a barrel. So the demand on diesel alone is rising. That's why gas isn't keeping up with the pace of diesel prices.
Mike
Post Fiend
Joined: Oct 2005
Posts: 10,626
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From: Plano TX and Brentwood TN
No it didn't, it went to 118.52 at closing which is lower but not as low as 116.
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Imagine if one supplier wasn't selling diesel as fast as they could make it? They would schit themselves
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Post Fiend
Joined: Oct 2005
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From: Plano TX and Brentwood TN
Logistically it won't work and this problem would have to be exclusively due to the suppliers to the consumers and there are just to many other factors going on at one time to accurately say it's because of one source.
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Huuh? if they aint moving product their price will go down their own law of supply and demand dictates that
Posting Guru
Joined: Jun 2006
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But the other suppliers won't be able to keep up with their sudden increase in demand and guess who has the supply to alleviate their shortfall.
Posting Guru
Joined: Apr 2006
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The demand for oil grows daily as China and India are now buying fuel as vehicles become more popular.
High prices are here to stay and are only going higher.
On the news last night they predict $10.90 an gallon in Canada by 2012. And Canada imports no oil.
The U.S will be the same. Peak production was arrived in 2004 or so.
Now that demand is higher than production, forget boycotts.
The only way out of this mess is to tell China and India that they can't buy oil.
High prices are here to stay and are only going higher.
On the news last night they predict $10.90 an gallon in Canada by 2012. And Canada imports no oil.
The U.S will be the same. Peak production was arrived in 2004 or so.
Now that demand is higher than production, forget boycotts.
The only way out of this mess is to tell China and India that they can't buy oil.
Post Fiend
Joined: Oct 2005
Posts: 10,626
Likes: 7
From: Plano TX and Brentwood TN
Nope, demand goes down, they just lower supply to keep prices up. Right now there has been a dramatic drop in usage in the US but prices are still high and only going to go higher and you have to remember that the US isn't the only consumer of the stuff either. There are ways around supply and demand especially when it comes to something that is needed. The best way out of this is with an alternative fuel(whatever that might be), I think LS9 might be the best bet, but it still has it's hurdles(much different then some of the other alternative fuels in the works).
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Senior User
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I don't think conoco would run to shells rescue..question; when a refinery goes down do they share then? I don't think you need to boycott a supplier very long for some action
Lead Driver
Joined: Dec 2003
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The demand for oil grows daily as China and India are now buying fuel as vehicles become more popular.
High prices are here to stay and are only going higher.
On the news last night they predict $10.90 an gallon in Canada by 2012. And Canada imports no oil.
The U.S will be the same. Peak production was arrived in 2004 or so.
Now that demand is higher than production, forget boycotts.
The only way out of this mess is to tell China and India that they can't buy oil.
High prices are here to stay and are only going higher.
On the news last night they predict $10.90 an gallon in Canada by 2012. And Canada imports no oil.
The U.S will be the same. Peak production was arrived in 2004 or so.
Now that demand is higher than production, forget boycotts.
The only way out of this mess is to tell China and India that they can't buy oil.
While I agree about prices only going higher, i think you need to talk to some of these "wildcat" companies that have a set quo on how many barrels they put out in a day even if the are producing more. "peak production" reminds me on Enron. they hold on to the surplus to help keep prices artificially inflated. anyone who does not believe that drilling more, opening more refineries, and telling a tree huggers to go hug a porcupine won't help is really kidding themselves.
there are too many factors involved including OPEC and commodities markets, but we need to do away with the ones here at home before we have a chance dealing with the rest.