Showing posts with label Oil. Show all posts
Showing posts with label Oil. Show all posts

Saturday, June 4, 2022

I Rented an Electric Car for a Four-Day Road Trip. I Spent More Time Charging It Than I Did Sleeping

Any person with a brain knows this. Electric vehicles are for driving around town, not built for the road: 😎

At WSJ, "Our writer drove from New Orleans to Chicago and back to test the feasibility of taking a road trip in an EV. She wouldn’t soon do it again":

I thought it would be fun.

That’s what I told my friend Mack when I asked her to drive with me from New Orleans to Chicago and back in an electric car.

I’d made long road trips before, surviving popped tires, blown headlights and shredded wheel-well liners in my 2008 Volkswagen Jetta. I figured driving the brand-new Kia EV6 I’d rented would be a piece of cake.

If, that is, the public-charging infrastructure cooperated. We wouldn’t be the first to test it. Sales of pure and hybrid plug-ins doubled in the U.S. last year to 656,866—over 4% of the total market, according to database EV-volumes. More than half of car buyers say they want their next car to be an EV, according to recent Ernst & Young Global Ltd. data.

Oh—and we aimed to make the 2,000-mile trip in just under four days so Mack could make her Thursday-afternoon shift as a restaurant server.

Less money, more time

Given our battery range of up to 310 miles, I plotted a meticulous route, splitting our days into four chunks of roughly 7½-hours each. We’d need to charge once or twice each day and plug in near our hotel overnight.

The PlugShare app—a user-generated map of public chargers—showed thousands of charging options between New Orleans and Chicago. But most were classified as Level 2, requiring around 8 hours for a full charge.

While we’d be fine overnight, we required fast chargers during the days. ChargePoint Holdings Inc., which manufactures and maintains many fast-charging stations, promises an 80% charge in 20 to 30 minutes. Longer than stopping for gas—but good for a bite or bathroom break.

The government is spending $5 billion to build a nationwide network of fast chargers, which means thousands more should soon dot major highways. For now, though, fast chargers tend to be located in parking lots of suburban shopping malls, or tethered to gas stations or car dealerships.

Cost varies widely based on factors such as local electricity prices and charger brands. Charging at home tends to be cheaper than using a public charger, though some businesses offer free juice as a perk to existing customers or to entice drivers to come inside while they wait.

Over four days, we spent $175 on charging. We estimated the equivalent cost for gas in a Kia Forte would have been $275, based on the AAA average national gas price for May 19. That $100 savings cost us many hours in waiting time.

But that’s not the whole story.

Charging nuances

New Orleans, our starting point, has exactly zero fast chargers, according to PlugShare. As we set out, one of the closest is at a Harley-Davidson dealership in Slidell, La., about 40 minutes away. So we use our Monday-morning breakfast stop to top off there on the way out of town.

But when we tick down 15% over 35 miles? Disconcerting. And the estimated charging time after plugging in? Even more so. This “quick charge” should take 5 minutes, based on our calculations. So why does the dashboard tell us it will take an hour?

“Maybe it’s just warming up,” I say to Mack. “Maybe it’s broken?” she says.

Over Egg McMuffins at McDonald’s, we check Google. Chargers slow down when the battery is 80% full, the State of Charge YouTube channel tells us.

Worried about time, we decide to unplug once we return to the car, despite gaining a measly 13% in 40 minutes.

When ‘fast’ isn’t fast Our real troubles begin when we can’t find the wall-mounted charger at the Kia dealership in Meridian, Miss., the state’s seventh-largest city and hometown of country-music legend Jimmie Rodgers.

When I ask a mechanic working on an SUV a few feet away for help, he says he doesn’t know anything about the machine and points us inside. At the front desk, the receptionist asks if we’ve checked with a technician and sends us back outside.

Not many people use the charger, the mechanic tells us when we return. We soon see why. Once up and running, our dashboard tells us a full charge, from 18% to 100%, will take 3-plus hours.

It turns out not all “fast chargers” live up to the name. The biggest variable, according to State of Charge, is how many kilowatts a unit can churn out in an hour. To be considered “fast,” a charger must be capable of about 24 kW. The fastest chargers can pump out up to 350. Our charger in Meridian claims to meet that standard, but it has trouble cracking 20.

“Even among DC fast chargers, there are different level chargers with different charging speeds,” a ChargePoint spokeswoman says.

Worse, it is a 30-minute walk to downtown restaurants. We set off on foot, passing warehouses with shattered windows and an overgrown lot filled with rusted fuel pumps and gas-station signs. Clambering over a flatcar of a stalled freight train, we half-wish we could hop a boxcar to Chicago.

Missed reservations

By the time we reach our next station, at a Mercedes-Benz dealership outside Birmingham, Ala., we’ve already missed our dinner reservations in Nashville—still 200 miles away.

Here, at least, the estimated charging time is only an hour—and we get to make use of two automatic massage chairs while we wait.

Salesman Kurt Long tells us the dealership upgraded its chargers to 54-kW models a few weeks earlier when the 2022 Mercedes EQS-Class arrived.

“Everyone’s concern is how far can the cars go on a charge,” he says. He adds that he would trade in his car for an EV tomorrow if he could afford the $102,000 price tag. “Just because it would be convenient for me because I work here,” he says. “Otherwise, I don’t know if I would just yet.”

A customer who has just bought a new BMW says he’d consider an EV one day—if the price drops.

“You remember when the microwave came out? Or DVD players?” says Dennis Boatwright, a 58-year-old tree surgeon. “When you first get them the prices were real high, but the older they are, the cheaper they get.”

When we tell him about our trip, he asks if we’ll make it to Chicago.

“We’re hoping,” I say.

“I’m hoping, too,” he says.

 

Sunday, April 17, 2022

Biden Administration to Open Public Land for Drilling (VIDEO)

At the video, in California alone this would bring roughly 3,000 high-paying jobs and $600 in tax revenue.

And at the New York Times, "Biden Plans to Open More Public Land to Drilling":

The president is under pressure to bring down gas prices, but any new drilling would be years away. The fees that companies pay would rise sharply.

WASHINGTON — The Biden administration announced on Friday that it would resume selling leases for new oil and gas drilling on public lands, but would also raise the federal royalties that companies must pay to drill, the first increase in those fees in more than a century.

The Interior Department said in a statement that it planned next week to auction off leases to drill on 145,000 acres of public lands in nine states. They would be the first new fossil fuel leases to be offered on public lands since President Biden took office.

The move comes as President Biden seeks to show voters that he is working to increase the domestic oil supply as prices surge in the wake of the Russian invasion of Ukraine. But it also violates a signature campaign pledge made by Mr. Biden as he sought to assure climate activists that he would prioritize reducing the use of fossil fuels.

“And by the way, no more drilling on federal lands, period. Period, period, period,” Mr. Biden told voters in New Hampshire in February 2020.

In opening new land for drilling, while at the same time requiring companies to pay more to drill, Mr. Biden appears to be trying to walk a line between trying to both lower gas prices and fight climate change. While Mr. Biden came into office with the most ambitious climate change agenda of any president in history, his climate policies have been largely stalled, stymied by inaction in Congress.

Upon taking office, Mr. Biden issued an executive order calling for a temporary ban on new oil and gas leasing on public lands, which was to remain in place while the Interior Department produced a comprehensive report on the state of the federal oil and gas drilling programs. That report, issued in November, recommended an overhaul of the rents and royalty fees charged for drilling both on land and offshore. The report noted one estimate that the government had lost up to $12.4 billion in revenue from drilling on federal lands from 2010 through 2019 because royalty rates have been frozen for a century.

In opening up the new public lands for oil and gas permitting, the Interior Department will raise the royalty rates that companies must pay to the federal government to 18.75 percent of their revenues from 12.5 percent, an increase that could bring in billions of dollars for the federal government. Even at current levels, the royalties are a major source of revenue. Last year, the federal government collected $5.5 billion from drilling on public lands.

“For too long, the federal oil and gas leasing programs have prioritized the wants of extractive industries above local communities, the natural environment, the impact on our air and water, the needs of tribal nations, and, moreover, other uses of our shared public lands,” Interior Secretary Deb Haaland said. “Today, we begin to reset how and what we consider to be the highest and best use of Americans’ resources for the benefit of all current and future generations.”

The new lease sales mark the second major step the Biden administration has taken to open up public lands and waters for drilling.

Wednesday, April 6, 2022

Former Labor Secretary Robert Reich Attacks Oil Companies, Calls for 'Windfall Tax on Higher Profits' (VIDEO)

Secretary Reich is a smart guy --- and he's always been a man of the left --- but he used to be more free-market, more for regular labor union agitation and better wages, etc. 

Nowadays, he sounds more and more like a doctrinaire Marxist. He's a Professor of Public Policy at U.C. Berkeley, so he's being marinated in the nasty stew of woke campus leftism. 

And here he's calling for a "windfall tax" on oil companies. 

Extreme tax proposals are de rigueur for Democrats these days. Bernie Sanders is calling for a 90 percent marginal tax rate on the wealthy. Thankfully, the idiot Dems will be out of power next January. President Biden's going to have to compromise on reviving domestic energy production, and if things go right, a Republican will win the 2024 general election.

Honestly, I love the guy, but please let it not be Donald Trump. One Trump term was enough.

Watch, at CNN, "CEOs at major oil companies come under fire for high gas prices."


Germany: What if the Gas Is Cut Off?

At Der Spiegel, "German Industry Prepares for Worst-Case Scenario":

German industry and the government in Berlin are ill-prepared for a possible halt in supplies of natural gas from Russia. A new emergency plan is being developed to prevent an economic meltdown if deliveries cease.

You can find something from Hinrich Mählmann just about everywhere you look in Germany. His company, the Otto Fuchs Group, founded in 1910, literally delivers the things that make the country move. They include wheels and coupling systems for railroads, engine components for the aviation industry and even battery housings for electric cars. Mählmann also sells thermally insulated windows and doors through its subsidiary Schüco. The supplier has revenues of just under 3 billion euros annually and employs 10,000 people.

If the family business in the small town of Meinerzhagen in the western German state of North-Rhine Westphalia was suddenly no longer able to manufacture its goods, the German economy would have a problem. Without Mählmann’s upstream products, manufacturing in entire industries would be at risk – from car factories to construction.

Until now, such a horror scenario seemed unthinkable. To supply what German industry so urgently needs, the company operates aluminum presses "as heavy as the Eiffel Tower," as Mählmann says, plus large furnaces and smelters. The plants consume vast quantities of natural gas, an energy source that the group, like thousands of other companies across Germany, obtains to a large extent from Russia.

Currently, Mählmann is busy preparing for the possibility of the day when natural gas from Russia may no longer flow. It would be a "catastrophe," says the businessman. Turning off a gas-powered furnace for several hours a day is virtually impossible, he says. Doing so would cool them down, and bringing it back up to temperature would consume a disproportionate amount of time and energy. And replacing gas with electric power is out of the question: It would make no sense environmentally or economically. Relocating the machines would also be impossible due to their sheer size and the cost. "The plant would have to shut down," says Mählmann.

He pleads for gas imports not to be frozen completely and for the energy source to instead be rationed if necessary to at least "keep everything running on the back burner."

Germany on the back burner, a country in emergency mode. These are the kinds of considerations Germany is making right now across all sectors, industries and trades. What if Russia turns off the gas? Or the European Union bows to the growing pressure and imposes an import ban itself? Who would then get the much-coveted raw material? Which rules would fall into place? As of today, it seems certain that private consumers and their heating systems would be given the priority. Drug manufacturers and hospitals as well as public infrastructure are also at the top of the list.

After that, things get tricky. Should those industries be supplied with gas, at least in part, whose products are urgently needed by others for further processing? Or is it really a matter of only the most urgent needs, a war economy in which it is the security of supply counts and no longer the continuity of industry?

Germany is extremely ill-prepared for this worst-case scenario. A "Gas Emergency Plan for the Republic of Germany" has been in place since September 2019. But it is based on a fundamental miscalculation: In the very first pages, it states that the natural gas supply situation in Germany is "highly secure and reliable." And that the likelihood of a massive supply crisis is "very low." ...

Keep reading

Saturday, March 26, 2022

Natural-Gas Industry Gets Boost as Biden Shifts Stance

Baby steps. Baby steps.

At WSJ, "Shares of large U.S. natural-gas companies rose as Biden softened position against fossil fuels":

President Biden’s pledge to boost U.S. liquefied natural-gas exports to Europe marks a further retreat from his hard-line stance against fossil fuels, sending share prices surging for natural-gas companies.

The president, who campaigned on a platform to transition the U.S. to cleaner energy, said Friday the U.S. is working to ship 50 billion cubic meters of LNG to Europe annually through at least 2030 to help the continent wean itself from dependence on Russian supplies.

The announcement came a day after Democrats on the Federal Energy Regulatory Commission backtracked on new environmental policies, suspending implementation of heightened requirements on reviews that industry officials and Republicans said would impede gas-pipeline development.

Shares of large U.S. natural-gas companies rose 9% on average Friday as major stock indexes were mixed. Shares of EQT Corp and Southwestern Energy Co., two large producers, shot up to close about 12% and 16% higher.

Cheniere Energy Inc., LNG 5.46% the top U.S. exporter, was up about 5.5%. Tellurian Inc., which is seeking financing for an LNG project, soared 21%.

The gas industry’s prospects have been a concern among the sector’s executives because of Mr. Biden’s stance against fossil fuels. But the president has softened some of his positions in the wake of rising energy costs, which have been driven in part by the economic rebound from Covid-19, and more recently by Russia’s invasion of Ukraine.

The White House pivot has also put the U.S. and its vast oil and gas reserves in shale rock back at the center of a global scramble for energy resources as a bulwark against petrostates and authoritarian regimes. The U.S. is the world’s largest oil and gas producer.

Daniel Yergin, the vice chairman of S&P Global and a noted oil-industry historian, called recent developments “a huge turn.”

“There’s a recognition now that shale—and particularly LNG—is a real geopolitical asset,” Mr. Yergin said.

Mr. Biden and his advisers have said they are still committed to ending the world’s reliance on fossil fuels, including gas, and will continue to fund renewable energy as part of their work with European allies. But they also acknowledged the need to deal with the reliance that exists today.

“While gas is still a substantial part of the energy mix, we want to make sure that the Europeans do not have to source that gas from Russia,” national security adviser Jake Sullivan told reporters on Friday.

Toby Rice, chief executive of top U.S. natural-gas producer EQT, said the Biden administration’s shift is an extremely encouraging political signal that natural gas will play a key role in the world’s future energy mix.

Mr. Rice said the U.S. could sharply increase LNG exports over time if companies build thousands of miles of new pipelines and billions worth of new LNG facilities. But unleashing that will require broader support for that infrastructure and speeding up the sluggish permitting process, he said.

“The problem we face is it takes longer to permit something than it takes us to build it,” Mr. Rice said. “The faster we move, the faster we move toward achieving our climate goals and providing energy security for people around the world.” Shippers of LNG have already sent most U.S. cargoes to European destinations this year, as prices have skyrocketed following Russia’s invasion. American exporters are moving cargoes as fast as physically possible and are on pace to send a record 11.4 billion cubic feet a day of LNG overseas this month, with more than 60% bound for Europe, according to market intelligence firm Kpler.

FERC has approved 13 LNG facilities across the U.S. that have remained unbuilt with the combined capacity to export about 25 billion cubic feet each day, according to FERC’s February update. Companies haven’t begun construction on those largely because they haven’t yet gathered enough supply agreements with customers overseas to finance the construction of those facilities.

Part of the arrangement between the U.S. and Europe is to ensure that European countries also come through to show they can take more U.S. gas. They are to build out their infrastructure to accept up to 50 billion cubic meters of additional U.S. supply a year between now and 2030, Mr. Sullivan said.

Before the Russian invasion, Biden administration officials had been hesitant about putting U.S. development money into fossil-fuel projects abroad...

 

Thursday, March 17, 2022

The Runaway Cost of Virtue-Signalling

From Batya Ungar-Sargon, at Spiked, "Working-class Americans are paying a heavy price for their elites’ moral posturing":

As gasoline prices in the US continue to surge to an unprecedented $7 a gallon in some places, President Joe Biden seems more interested in finding someone to blame than mitigating the problem. ‘Make no mistake, inflation is largely the fault of [Russian president Vladimir] Putin’, the president said on Friday at the House Democratic Caucus Issues Conference. The president then cited a ‘fact checker’ in the New York Times and a Washington Post op-ed to counter anyone daring to lay the blame for skyrocketing prices at the feet of the president of the United States.

As gasoline prices in the US continue to surge to an unprecedented $7 a gallon in some places, President Joe Biden seems more interested in finding someone to blame than mitigating the problem. ‘Make no mistake, inflation is largely the fault of [Russian president Vladimir] Putin’, the president said on Friday at the House Democratic Caucus Issues Conference. The president then cited a ‘fact checker’ in the New York Times and a Washington Post op-ed to counter anyone daring to lay the blame for skyrocketing prices at the feet of the president of the United States.

I guess if you’re going to gaslight working-class Americans who have been struggling with historic levels of inflation for over a year now, it’s good to have legacy media outlets backing you up.

Of course, Biden is right that his decision to ban Russian oil and gas from the US market – a popular move, which 80 per cent of Americans approved of – has exacerbated these trends. But in trying to lay the blame of a year-long trend entirely at Putin’s feet because of a war that started three weeks ago, Biden is erasing the ongoing struggle American families have been facing, enlisting a foreign foe to cover for his domestic failures.

And it’s the very people the Democratic Party claims to care about who are suffering the most as a result of those failures. A new Wall Street Journal poll found that 35 per cent of black, Hispanic and Asian-American voters were feeling the sting of inflation, compared to just 28 per cent of white voters. Among black women and Hispanic men, the proportion was even higher, at 44 per cent. And of course, for those making less than $60,000, it was the worst, with half feeling the pain of inflation – compared to just 13 per cent of those making over $150,000.

It’s perhaps no surprise that it’s those whose incomes protect them from the sting of inflation who are most vocal about how willing they are to pay more for petrol – lecturing those who can least afford it about the importance of doing so on moral grounds...

Keep reading.


 

Wednesday, March 9, 2022

About L.A.'s Notoriously High Gas Prices

Like I said, I'm just glad I'm not driving much. I filled my tank at Costco about a month ago, for about $4.20 a gallon. I don't go out too much, though my wife has driven my Dodge Challenger. The tank's still half full.

I simply won't pay $6.95 a gallon. You couldn't pay me to pay that much. It's obscene for so many reasons --- it hurts the poor most of all. We'll see another huge exodus of folks fleeing California this year. Businesses too, taking jobs with them, often high-paying jobs. (Tesla moved to Texas, for example.)

At the Los Angeles Times, "The truth about L.A.’s most notoriously expensive gas stations."

And, "Rising gas prices from Russia-Ukraine conflict will hit Angelenos who can least afford it."


Wall Street Journal Poll: 70 Percent of Americans Back Ban on Russian Oil Even if Energy Prices Rise

This has got to be a form of the rally 'round the flag effect. The national average is about $4.00 per gallon, but I dare anyone to come live in work in Los Angeles. We'll see how long that rally lasts.

At WSJ,

A wide majority of Americans, 79%, said they favored a ban on Russian oil imports even if the prohibition increased energy prices in the U.S., according to data from a new Wall Street Journal poll. Just 13% said they opposed it.

President Biden on Tuesday halted the purchase of Russian crude oil, certain petroleum products, liquefied natural gas and coal—the latest economic impediment the White House has placed on Moscow in an attempt to deter Russian President Vladimir Putin’s invasion of Ukraine.

The new Journal poll showed broad support for the energy ban across political breakdowns. The ban had support from 77% of Republicans and 72% of voters who said they would support former President Trump if he ran again in 2024. Among Democrats, 88% said they favored the moratorium on Russian oil imports, including 94% of Democratic men...

Tuesday, March 8, 2022

Biden's Energy Policy: Rewarding Tyrants to Fight Tyranny

It's Noah Rothman, at Commentary

Even before Russian tanks poured over the Ukrainian border to overthrow the government in Kyiv, the Biden administration warned that the West’s duty to safeguard Ukraine’s independence would not be “painless.” Joe Biden didn’t elaborate on this prediction in great detail, but he did promise to “limit the pain the American people are feeling at the gas pump.” Save, however, from coordinating the release of less than a day’s worth of global oil consumption from the world’s strategic reserves, the administration tried to suggest that none of its green-energy priorities needed to change in response to the Russian menace.

Pressed last week by reporters to explain why the administration had not responded to a crisis that puts downward pressure on the global oil supply by pursuing policies that would augment domestic fossil-fuel production, White House Press Sec. Jen Psaki shrunk into a defensive crouch. It’s the oil producers’ fault for not ramping up production to take advantage of record prices, she suggested. The domestic wells and pipelines that the White House prevented from opening would have “no impact” on global energy prices, she insisted. Indeed, the crisis in Europe “is all a reminder, in the president’s view” of “our need to reduce our reliance on oil” by doing more to “invest in clean energy.”

A week has not passed since Psaki made these remarks, but the ground has shifted beneath the administration’s feet...

Continue reading.

 

Biden Announces Ban on Russian Oil, Then Lies and Claims He's Not Stopping U.S. Oil Production (Despite Running on Doing Just That)

At AoSHQ, "Gas prices just hit a record -- before this announcement, though the entire Democrat-Media Complex is now claiming that this announcement has reached back in time and retroactively caused Biden's inflation."

And watch, "BIDEN: 'It’s simply not true that my administration or policies are holding back domestic energy production'."


Poll: Biden More to Blame Than Trump Over Ukraine; Majority Favors Drilling to Combat Rising Gas Prices

The common sense of the American public. Ahh, at certain times, something to behold. 

At Newsweek, "To the extent that American foreign policy encouraged Russian President Vladimir Putin to invade Ukraine, more registered voters blame President Joe Biden than they do his predecessor, Donald Trump — and they're ready to punish Democrats for it in November, according to a new poll."


Whoa! Saudi, Emirati Leaders Decline Calls With Biden During Ukraine Crisis

A world axis of oil is developing which may very well prop up the Russian state under Putin.

At WSJ, "Persian Gulf monarchies have signaled they won’t help ease surging oil prices unless Washington supports them in Yemen, elsewhere":

The White House unsuccessfully tried to arrange calls between President Biden and the de facto leaders of Saudi Arabia and the United Arab Emirates as the U.S. was working to build international support for Ukraine and contain a surge in oil prices, said Middle East and U.S. officials.

Saudi Crown Prince Mohammed bin Salman and the U.A.E.’s Sheikh Mohammed bin Zayed al Nahyan both declined U.S. requests to speak to Mr. Biden in recent weeks, the officials said, as Saudi and Emirati officials have become more vocal in recent weeks in their criticism of American policy in the Gulf.

“There was some expectation of a phone call, but it didn’t happen,“ said a U.S. official of the planned discussion between the Saudi Prince Mohammed and Mr. Biden. ”It was part of turning on the spigot [of Saudi oil].”

Mr. Biden did speak with Prince Mohammed’s 86-year-old father, King Salman, on Feb. 9, when the two men reiterated their countries’ longstanding partnership. The U.A.E.’s Ministry of Foreign Affairs said the call between Mr. Biden and Sheikh Mohammed would be rescheduled.

The Saudis have signaled that their relationship with Washington has deteriorated under the Biden administration, and they want more support for their intervention in Yemen’s civil war, help with their own civilian nuclear program as Iran’s moves ahead, and legal immunity for Prince Mohammed in the U.S., Saudi officials said. The crown prince faces multiple lawsuits in the U.S., including over the killing of journalist Jamal Khashoggi in 2018.

The Emiratis share Saudi concerns about the restrained U.S. response to recent missile strikes by Iran-backed Houthi militants in Yemen against the U.A.E. and Saudi Arabia, officials said. Both governments are also concerned about the revival of the Iran nuclear deal, which doesn’t address other security concerns of theirs and has entered the final stages of negotiations in recent weeks. The White House has worked to repair relations with two key Middle Eastern countries it needs on its side as oil prices push over $130 a barrel for the first time in almost 14 years. Saudi Arabia and the U.A.E. are the only two major oil producers that can pump millions of more barrels of more oil—a capacity that, if used, could help calm the crude market at a time when American gasoline prices are at high levels. Brett McGurk, the National Security Council’s Middle East coordinator, and Amos Hochstein, the State Department’s energy envoy, both traveled to Riyadh late last month to try to mend fences with Saudi officials. Mr. McGurk also met with Sheikh Mohammed in Abu Dhabi in a bid to address Emirati frustrations over the U.S. response to the Houthi attacks.

One U.S. official said the Biden administration has worked diligently to strengthen Saudi and Emirati missile defenses, and that America would be doing more in the coming months to help the two Gulf nations protect themselves. It may not be all the two countries want, the official said, but the U.S. is trying to address their security concerns.

But the Saudis and Emiratis have declined to pump more oil, saying they are sticking to a production plan approved between their group, the Organization of the Petroleum Exporting Countries, and a group of other producers led by Russia. The energy alliance with Russia, one of the world’s top oil producers, has enhanced OPEC’s power while also bringing the Saudis and Emiratis closer to Moscow.

Both Prince Mohammed and Sheikh Mohammed took phone calls from Russian President Vladimir Putin last week, after declining to speak with Mr. Biden. They both later spoke with Ukraine’s president, and a Saudi official said the U.S. had requested that Prince Mohammed mediate in the conflict, which he said the kingdom is embarking on...

Keep reading

 

Monday, March 7, 2022

California Gas Prices Hit More Than $5.00 Per Gallon on Average for First Time, Breaking Record Highs for the State (VIDEO)

I'm glad I'm not commuting to work everyday. I teach online. You wouldn't believe the continuing strong demand for online classes. Kids don't want to come back on campus, and not just because they might get sick. No, they like "going to school" in their pajamas. They don't have to pay for gas, parking, and maintenance on their vehicle. 

My college administration was stunned when on-campus classes were under-enrolled for the spring semester, which was supposed to be the first time everyone was fully "on-campus" since March 2020. 

Didn't work out that way. Even employees aren't looking to go back if their gasoline budget balloons to $600 a month and counting.

Following up from yesterday, "Gas Prices in Los Angeles," at KABC News 7 Los Angeles:


Biden Wokeness on Energy Is Weakness

From Ned Ryun, at American Greatness, "Wokeness on Energy: Is Weakness Biden’s energy policy is bankrupting the country and making us a paper tiger abroad?"


Saturday, March 5, 2022

Gas Prices in Los Angeles

On Twitter earlier today:


Sunday, February 27, 2022

Europe's Dependence on Russia's Natural Gas Supplies Following the Invasion of Ukraine

Oil.

Petroleum.

Fossils fuels.

No matter how much radical environmentalists deceive the leaders of the developed democracies, the fact remains that without fossil fuels, these countries would perish.

At the Economist, "If the supply of Russian gas to Europe were cut off, could LNG plug the gap?":

Russia’s invasion of Ukraine has led to renewed speculation about the future of European energy, and in particular about its supply of natural gas. The continent gets around a quarter of its energy from gas. In 2019 Russia provided over 40% of that gas. The West has not gone so far as to place limits on Russian gas exports, although Germany has suspended the licensing of Nord Stream 2 (ns2), a completed but not yet operational pipeline between Russia and Germany. But what if Vladimir Putin, Russia’s president, were to cut off gas to the West? One alternative source of energy is liquefied natural gas (lng), which is usually transported by sea. To what extent could lng replace piped Russian gas as a source of energy for Europe?

Europe already uses a lot of lng; it makes up around a quarter of the region’s natural-gas imports. One question is how much more of the stuff Europe can process. lng is first turned into a liquid in order to be transported; it must then be “re-gassed” at terminals, usually near the coast, before it can be used to heat and power homes. Heavy investments in regasification plants mean that Europe has plenty of idle capacity. The region’s import terminals ran at 45% of capacity last year, according to Energy Intelligence, an industry publisher, although not all of these terminals are in the right place. Germany has no terminals, while Spain has a quarter of the continent’s capacity, even though its gas infrastructure is largely isolated from the rest of Europe.

The more pressing problem is the available supply of lng. The biggest exporters of lng are America, Australia and Qatar. Although they all have plenty more gas, all are already exporting at or near full tilt. It takes a long time to expand liquefaction and export capacity, so Europe’s best short-term hope would be to get hold of existing lng cargoes originally destined for elsewhere. But Asia also has a strong appetite for lng. China’s imports grew by 82% between 2017 and 2020, for example; last year it overtook Japan as the world’s biggest importer. And around 70% of lng traded globally is on contracts that run for ten years or more. Europe tends to rely on spot markets and shorter contracts. In the past that has allowed Europe to take advantage of low prices when stocks were plentiful, and ensured that countries did not commit themselves to using fossil fuels decades into the future. But it also leaves Europe at the mercy of the market.

When Europe’s gas reserves dwindled over the autumn and winter, in part because Russian supplies dropped, lng imports shot up (see chart). So did prices. In the past, spot prices in Asia have typically been higher than in Europe. But in recent months the price in Europe has at times matched Asian levels. The invasion of Ukraine has only made things worse...

Still more.

 

Monday, November 22, 2021

Think Gas Prices Are Too High? In This California County, a Gallon Costs $6

Shoot, I see signs for $6.00 in Santa Monica. It ain't just one county.

At WSJ, "Mono County, Calif., has the highest gasoline prices in the state with the country’s top prices as costs soar across the U.S.":


BRIDGEPORT, Calif.—When Miguel Lujan needs gasoline for his truck, he gets it in Carson City, Nev., located 80 miles from his hometown. It’s worth it, the store clerk and roller-derby player says, to pay one-third less than the local average of nearly $6 a gallon.

California currently has the highest gas prices in the nation, an average of $4.70 a gallon of regular unleaded, according to AAA. Gasoline prices in the U.S. were up 50% in October from the same month last year, amid rising inflation.

The most expensive gas in California is here in Mono County, a 13,000-person tourist destination on the border with Nevada that is home to the Mammoth Mountain ski resort. The average price for a gallon of regular unleaded is $5.66, according to AAA.

In Bridgeport, a town of about 550 that serves as the county seat, the two gas stations were selling regular unleaded for $5.95 and $5.99 a gallon last week. In the nearby town of Lee Vining, which serves as a gateway to Yosemite National Park, a gallon of regular cost $6.09.

Mr. Lujan said he makes the trip to Carson City about three times a week and sometimes takes the bus to save on gas. He fills canisters, routinely keeping about 100 gallons stored in his house.

He started buying gas out of state soon after moving to Mono County four years ago. “The first year I was here, I spent more on gas than anything else,” he said.

President Biden on Wednesday called on the Federal Trade Commission to investigate whether oil-and-gas companies are illegally keeping prices high. Outside analysts were skeptical whether the FTC will find sufficient evidence to substantiate those claims.

California has long had the highest gasoline prices in America. It has the highest tax, at nearly 67 cents a gallon, and only a few aging refineries, which sometimes go offline because of maintenance or other issues, are capable of producing gasoline that meets the state’s standards meant to reduce air pollution.

Though $5.66 represents a new high, inflated gas prices are nothing new in Mono County. Local residents and analysts attribute that to a variety of factors including its distance from population centers from which deliveries including gasoline come. Sacramento, the closest major city, is about 200 miles northeast.

Even with the high prices, gas stations are able to operate primarily because of tourists who buy gas on their way through, according to Linda Smith, a clerk at the Lee Vining Chevron station.

“They come in and complain,” Ms. Smith said of customers unhappy with the station’s prices. The most common reason she gives, she said, is that it is difficult to operate a business in a remote area that relies on seasonal tourists.

“We’re a pass-through town,” she said.

Station owners in Lee Vining and Bridgeport didn’t respond to requests for comment. Owners of gas-station franchises typically set their own prices based on factors such as wholesale costs, expenses and competition.

Some people stop at the stations in Mono County simply to gawk at the prices.

Tony Malais pulled over at the Lee Vining station Tuesday afternoon on his way back to Boise, Idaho, from Southern California. He had filled his Cadillac sedan in Northridge, outside Los Angeles, for $3.79 a gallon and hoped to make it to Nevada before needing to fill up again.

He had already stopped to take a photo of the station’s price sign on his way into California. This time he bought a soda. “I had heard it was about $5 a gallon. But I was surprised to see it over $6,” he said.

Pam Mowat, a real-estate agent who also runs a vacation and rental property business in Mono County, stopped by the Chevron on Wednesday. She said sky-high prices at the few area gas stations was a fact of life that local residents had gotten used to.

“I live here, I don’t have a choice,” said Ms. Mowat, who spent about $55 for roughly nine gallons of regular. She said she was headed to Reno later in the day, and would fill her Subaru Forester there, where AAA reported an average price of $4.20 a gallon for regular.

Rose Lierly said it isn’t just gas prices that are high in Bridgeport. Costs for nearly all supplies for Big Meadow Brewing Co., a small brewery she runs with her husband, have been on the rise in recent months.

“I used to buy [cases] of bottled water, 48 for $5.25. Now I get 32 for $5.25,” Ms. Lierly said. “It’s just because we are so remote here and freight charges are going up.” ...