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Search: Posts Made By: Owen778
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Forum: USA
Apr 25th 2016, 3:30 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

Several things are in operation here, since CA is a special case:
- Sales tax plus fuel excise tax make up a big part of the difference
- California has its own, more strict, fuel standards that...
Forum: USA
Feb 9th 2016, 8:46 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

Beware, there are several issues with using that data to draw the conclusions you're looking for:

1. It includes capital and operating expenditure. The comparison you should make is with opex...
Forum: USA
Feb 8th 2016, 1:37 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

It's 139.9 at the two Shell stations near us. The grocery store down the road is usually a few cents cheaper.

I've heard people wondering if it could pass below a dollar. I'd have thought profit...
Forum: USA
Jan 22nd 2016, 7:04 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

It's been that for a week or two at most places around us. One of the two Krogers on my way to work was at 140.9 yesterday.
Forum: USA
Jan 8th 2016, 7:18 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

I think most of BP's surplus capital was in use in the Gulf Coast area in the last few years.

;)
Forum: USA
Jan 8th 2016, 7:16 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

I would imagine so, and it may even be there already, somewhere near to a refinery. The Shell and HEB (grocery store) just down the road from us have been at $1.569 for about three weeks.
Forum: USA
Jan 5th 2016, 6:32 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

Indeed. I just looked into it, and the only thing I can see that Horace might be confused with, is it was the worst first day's trading of the year since 2008.

If the Dow was actually as low as...
Forum: USA
Sep 17th 2015, 3:48 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

Maybe Goldman just included 20% in their range, because they were caught out by the size of the big drop and how long it's lasted and now want to fully capture the volatility? And the headlines...
Forum: USA
Sep 17th 2015, 3:40 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

Oh, and to address this paragraph directly: Venezuelan heavy oil is only economic at very high oil prices. And, as far as I know, the potential unconventional oil under The Weald is still only...
Forum: USA
Sep 17th 2015, 3:34 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

Every year, analysts write that the oil price will go up, down or stay the same. Many of them tend to under-react to changes, then over-react to changes.

While no-one can truly predict what the...
Forum: USA
Feb 6th 2015, 5:34 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

I thought you were in Katy?

Fairfield is the area around 290 and Mason, including the outlet mall.

Also, apparently somewhere near Waco. That's confusing.
Forum: USA
Feb 6th 2015, 3:04 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

HEB in Fairfield had 152.9 one Sunday morning. I wish I'd taken a picture for posterity. Most of the places near us are nearer 1.95 now.
Forum: USA
Jan 15th 2015, 3:13 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

There is a gas station that I pass on my way to work each morning that currently charges 319.9 (at Cypress North Houston and Jones Road). Bear in mind that there are several stations in the area...
Forum: USA
Dec 11th 2014, 5:09 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

When you say, "we", who are you talking about?

In any case, you're addressing something that I didn't say. I was talking about production rate per well. Reservoirs onshore are, mostly, tighter...
Forum: USA
Dec 11th 2014, 4:10 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

No, to cost and employment issues - each well onshore usually costs less and produces less but there are many more of them compared to offshore. Therefore there are more people employed in the...
Forum: USA
Dec 11th 2014, 2:43 pm
Replies: 4,708
Views: 386,751
Posted By Owen778

Re: Price of gas update...

Oasis are entirely an onshore company, and you don't have platforms onshore, as the well-head can be fixed to the ground. In any case, "rig" always refers to a drilling rig.
Showing results 1 to 16 of 16


 
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