That's considered 'domestic' supply of CRUDE. I'm talking about refinery capacity. Yes, I saw all the pics of the drilling rigs toppled into the gulf. But they don't refine the crude on the drilling rigs, they supply crude. Anyone want to wager a guess at what percentage of US-refined oil is from domestically-supplied crude?

Dated chart, but a decent illustration of the breakdown:
http://www.converger.com/eiacab/usa.htm

Here's the most current data I could find in 5 minutes of searching the 'net:
http://tonto.eia.doe.gov/dnav/pet/pe...adc_mbbl_m.htm

It shows a drop of 33% between August and September. However, it shows us that as of January '06, production was within 5% of where it was last September. If production is back up, why the hell haven't prices dropped accordingly? The crude suppliers are still not operating at full capacity, the refiners aren't running at full capacity, and we're still consuming at the same rate we were before. The hurricanes were a flimsy excuse to jack the prices and turn record profits. They did it because they CAN!!


As for the expansion of capacity, a quick google search turned up this:

http://www.eia.doe.gov/pub/oil_gas/p...2000.htm#T_18_

This is a GREAT site.... Saw this too:

http://tonto.eia.doe.gov/dnav/pet/pe...p00_mbbl_m.htm

15% more oil was processed by the refineries in January of this year than in January of 1981. No growth, huh??

Whatever......

Sorry for the thread hijack, Neal.... So what's the final ETA on those gaskets? Never heard about it....


-Joe

 

HI!... Well I got home from work around 6:30P.M and went straight to the shop I ordered the head gaskets from. They had the LEFT one there!!!!!!!!!!!!!! All I can say is "IS ABOUT PHUCKIN TIME"!!!!!!!!!!!!!!!!!!!!!!

Got the D/S head on and installed and the timing set, then it started to get dark so I called it quits. I think if I putz on it for a few hours every night after work this week, I might have the truck up and running by SAT night.


Then I will fire it up and it will throw a rod or spin another bearing. Then you probably won'y hear from me for about 20 years unless I get out early on parole.......................

 

Economics...people WILL pay for gas even at higher prices, so companies will raise prices until people stop buying it. This is your basic supply and demand theory.

So, lets get this thread back on subject shall we?
Any updates on the truck Neal?

edit: D'oh, shoulda read the thread

 

True! Sales can rise 100% and not mean a darn thing. What the article does not indicate is the other side of coin. Where is demand...is there a 40% increase in demand? If so a 7% rise in sales means nothing. You now have fewer stations to service a greater number of vehicles.

Back to the original thread now.

Sounds exactly like my luck!!!



02 F150 Super Crew Lariat FX4 White & Silver
5.4 /w Roush Cold Air Intake & K&N filter
3.55 LS
Flowmaster Cat Back
JBA Silver Cat4ward Headers
Rancho RSX's
Rancho Steering Stablizer
Hellwig Rear Anti Sway Bar
Lightning Tails
Outland Sport Bumper Guard
Hella 550's
Silverstars
Superchips 9100 Micro Tuner c/o Troyer Performance
Underdrive Pullies c/o Troyer Performance
Mag-Hytec Trans Pan & Rear Cover

 

Neal - i bought the same rods as you (Eagle with the arp 2000 bolts) and i was just wondering what you tourqued the rod bolts to? In the sheet i got from eagle ( i dont have it with me) I think it said around 70 lbs, so i was just wondering what you tq them too.

Thanks.

Btw - best of luck

 

sounds like a plan lol if not open a machine shop and make ur own stuff!

 

HI!... sonic blue l : I don;t know. My engine builder assembled the bottom end after the machining was complete.

 

HI!... Well I worked on the engine for a few hours tonight. All I have to do now is install the valve covers and get a new crank/cam sensor. I seemed to have "misplaced" my old ones. lol! After tha she's readt to go back in. Most likely, THURSDAY the engine will be back in the truck. Should be running FRIDAY night.

 

yeh lol those do help with the starting of the motor

 

The entire gulf coast refining and chemical industry was hit HARD by the hurricanes. There are still refineries down in south LA from the hurricane last year. The company I work for just had guys down there in the last week. On the plus side, we've sold a lot of replacement parts over the last year!

Oil prices are up for several reasons. The current price is around $72/bbl. First, of that $72, roughly $20 is a built-in premium due to uncertainty in the Middle East, particularly Iran and their nuclear program.

Second, worldwide demand for oil, particularly in China and India, is exploding. Although oil produces are trying to expand production capacity, they can't expand as fast as demand is increasing. Saudi Arabia is the only country that has any significant reserve oil production capacity at the moment. Saudi Arabia's building equipment faster than anyone at work has ever seen. On the plus side, the Saudi Arabia building boom funded some awesome toys around my house!

Third, I talk to refinery operators and managers on a weekly basis. Given current prices, it is in their best interest to produce as much gas as they can as quickly as is possible. You say that refiners aren't operating at maximum capacity. Which refinery do you know of that isn't at max capacity, other than the ones down for repairs and gasoline blend changeover?

15% total growth in 25 years? To put this in perspective, during that same period, the US population grew by roughly 25% and the US Gross Domestic Product doubled (roughly, adjusted for inflation)!

Most of the growth you see during that 25 year period is from increased process efficiency, not from refinery expansion. Refineries are constantly going through a process called "debottlenecking" where they increase the efficiency of their production processes.

Grim

 

HI!... o.k????????? If you guys want to discuss gas/oil prices, MAKE A THREAD FOR IT!!!!!!!!!!!!!! Thankyou.

 

amen to that

 

HI!... Well JMC and I got the engine back into the truck tonight. Will be bolting on everything else tomorrow night hopefully. Could of had both valve covers on tonight but my local FORD dealership decided to give me a P/S valve cover gasket pre-torn in the package! . JMC is going to pick one up for me tomorrow while I'm at work.

 

Neal,

You lied!! Your F'ing undercoating isn't dry. I pealed the skin off my elbow trying to clean it off.

JMC

PS. Can you remember where I put the gasket? Did I leave it in the shed???

 

lol whats with neals obsession with undercoating anyways lol