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comments off Friday 13 Mar 2009 | Posted By Patrick | News

March 13 (Bloomberg) — PetroChina Co. and Venezuela will build a refinery in Guangdong province that will rival the biggest Chinese oil-processing plant by capacity as the two nations reinforce their energy ties.

2 comments Monday 26 Jan 2009 | Posted By Patrick | Predictions

Bad news tonight for consumers, although I personally believe that some issues will be addresssed and corrected before disaster hits. Without wasting time, let me cover the issues.
First, we have a number of refineries reporting being completely shut down tonight, including a 245,000bpd refinery in Texas and a 108,000bpd refinery in Washington. We also have some issues [...]

1 comment Thursday 15 Jan 2009 | Posted By Patrick | Predictions

Just to warn you, this post will be a bit lengthy, but may be incredibly insightful for some. First off, it looks like Ed has predicted a hike to $1.99. We’ll see if he’s right on… if you can get gas for around $1.80, fill up like I did tonight just in case. I’m not [...]

2 comments Thursday 02 Oct 2008 | Posted By Patrick | Predictions

As prices continue to fall here in the Midwest, the South has not yet forgotten the sting and pain that Hurricane Ike brought, roughly 3 weeks ago. Atlanta, GA is still suffering from periodic gas shortages and high prices. The same is occurring in other locations in the South. Here in Michigan it is relatively [...]

10 comments Wednesday 24 Sep 2008 | Posted By Patrick | Predictions

With prices falling (and rightfully so) to the $3.60’s (suburbs) and $3.70’s (GR area) and much lower in other parts of the state, is a hike likely anytime soon? It could be… chances are really 50/50, but I personally filled up just in case so I wouldn’t get caught losing too much money if prices [...]

8 comments Monday 15 Sep 2008 | Posted By Patrick | Commentary

Oil seems likely to continue its fall tonight and tomorrow as Big Oil assess its refineries after Hurricane Ike.
Grand Rapids prices should head WELL South of $4!
Also according to Reuters calculations, here are some of the numbers that have impacted gasoline prices:
CUMULATIVE IMPACT OF GUSTAV AND IKE
*20.48 million barrels of crude oil
*102.79 billion cubic feet [...]