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  #1  
Old 03-19-2012
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x-files

Marine traffic shows nearly a dozen tankers anchored near the mouth of Delaware Bay.

Gas prices nearing historic highs.

Conspiricy theorists go hmmmmm.
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Old 03-19-2012
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Re: x-files

There is no shortage, and it has been reported as such by the national press. And, while the Pres decided to release oil from the national reserves, it doesn't amount to anything more than campaign hype.

As for those tankers anchored at the mouth of Delaware Bay, there's always ships anchored there, most awaiting dock space to unload their cargo. The cost for commercial dockage is out of sight, therefore, until there is a crew in place ready to unload the cargo, the ships stay at anchorage. When the space becomes available and a crew is in place, the ships proceed to the docks, unload, then load outgoing cargo and get out of Dodge as quickly as possible.

Same holds true for Chesapeake Bay, where ships frequently anchor just south of the Bay Bridges at Annapolis--for the same reasons.

Cheers,

Gary
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Old 03-19-2012
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Re: x-files

One dozen tankers anchored in Delaware Bay. Hmmmm.

Assume each tanker is rated at 100,000 Dead Weight Tons.
Assume each is carrying crude so that one ton equals 6.5 barrels.
Then, those 12 ships are carrying 7.8 million barrels.
US uses 18,690,000 barrels per day (as of 2009, anyway).
Therefore, these 12 ships are carrying 10 hours worth of US consumption.
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Old 03-19-2012
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Re: x-files

It's not collusion or conspiracy if one oil company decides to close down a refinery because they have to change the light bulbs. Or if a second decides to close down theirs because they want to paint the fences blue instead of green. Or when a third thinks that it would be nice to install security cameras, and reduce production by 80% while they do this because they don't want to be liable for the camera installers getting hurt if things were going full speed. So if this reduces the amount of fuel or heating oil available nationwide and increases prices, it's just supply and demand: the American Way. Oil companies would never do anything like that on purpose - the same way that Enron would never have manipulated electrical futures. Ships delivering oil just have to wait to offload until the tanks at the refineries are available. Of course there are lots of things driving up the cost of oil. Iranian sabre-rattling (and ours). Mideast unrest in general. Somali pirates. Increased oil use by growing economies like China's. Speculators. Maybe if speculators were taxed at the same rate as workers, they wouldn't have so much money washing around with which to drive up oil prices? How can we get them to buy boats and go sailing instead?
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Old 03-19-2012
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Re: x-files

Thr price of gas/ oil is being driven up buy the futures traders and speculators in the commodities market. Has nothing to do with shortage or supply and demand.

All the new drilling fields being opened up nor pipelines from Canada will never counteract the ability of the speculators to drive up the price.

Meanwhile the US government subsidizes these companies still which have windfall record profits. This isnt an Obama/ Romney/ Santorum or Gingrich issue. All politicans who currently are in office or aspire to be will do exactly the same thing and have in the past. SHOW ME THE MONEY to get elected/ relected and ill show you the vote for windfall profits and un restarained furtures trading.

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Old 03-20-2012
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Re: x-files

The tankers at the mouth of Delaware Bay are; waiting for USCG inspection, waiting for a pilot or waiting for lightering.

And for conspiracy theorists; refineries on the Delaware river operated by Conoco Phillips and Sunoco have shut down and are being shut down because they are "not profitable", or so the companies claim. These refineries supply more than 40% of gasoline and heating oil to the US northeast.
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