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Author Topic: Algerian Hostage crisis Back to Topics
Burgie

Sophomore Author
Ontario

Posts:158
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Joined:Aug 2005
Message Posted: Jan 19, 2013 11:01:07 AM

The Gas prices are going up now and in the future because of the Algerian Hostage crisis.The gas companies don't care about us consumers as they are just gredie and are more concerned about their Bottom line!.The price at the pump here in Kingston Ont. is 119.9Ltr.!.

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PDN57
Champion Author San Bernardino

Posts:3,190
Points:683,745
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Message Posted: Jan 26, 2013 11:43:34 AM

In one way or another it will affect our gas prices any instability is a reason to raise the price of oil
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traffic cop
Champion Author Boston

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Message Posted: Jan 26, 2013 11:21:05 AM

In an inter-related world economy, PithyOpiner, what happens in North Africa (and Mali) will have a "butterfly effect" on prices in North America--even if our supply is not overtly interfered with.

GasBuddy, looking back the Benghazi tragedy was getting some attention. What I think I was responding to was that it was VERY apparent that this was an outright terrorist event, but most of the mainstream media was dismissing it as a minor spontaneous incident caused by some unknown jerk's home video about Mohammed's pedophilia.

Spontaneous demonstrators don't take rocket launchers and heavy mortars to their events.

Anyway, it was a week before the election, and nobody certainly didn't want to dig deep into the mess.
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PithyOpiner
Champion Author Stockton

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Message Posted: Jan 22, 2013 12:43:00 PM

I don't think that crisis will affect our prices much. Most all of that gas goes to the the European market. Mostly France.
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Gas_Buddy
Champion Author Maryland

Posts:29,588
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Message Posted: Jan 21, 2013 7:53:06 PM

traffic cop wrote:
"Saab93Turbo, note that when things don't paint a nice picture of the President, they don't get a heck of a lot of attention. I've met people who were unaware (prior to the election) that jihadists had murdered an ambassador of ours and dragged his body through the streets."

Saab93turbo wrote:
[Regarding the Algerian hostage issue] "This has been a horrible situation. The news didn't cover it that much."

I'm not sure what new media either of you read or listen to, but a lot of what I've read, even in newspapers that lean to the left (but have conservative columnists) routinely report things that do not put the president in a good light, nor paint a nice picture of him. And yes, the stories get a lot of attention. If nothing else, the two most listened to radio shows, those of Rush Limbaugh and Shawn Hannity are anything but favorable.

And there was continuous and detailed coverage of Ambassador Stevens and other Americans killed in Libya. Granted the details were sketchy because the situation was on-going and changing, but there was considerable coverage in all facets of the press. That some people you met "were unaware (prior to the election) that jihadists had murdered an ambassador of ours and dragged his body through the streets" says a lot less of them than it says of the news coverage.

As for the Algerian hostage situation, this story has received continual front page coverage in the three national newspapers I read (The New York Times, The Wall Street Journal, and USA Today) as well as in the Washington Post (which I read on-line) and the local newspaper where I currently am in Northern Florida, as well as considerable coverage on radio and television. I'm not sure what you consider "not much coverage", but it's been covered extensively in my opinion.
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traffic cop
Champion Author Boston

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Message Posted: Jan 21, 2013 7:06:08 PM

Saab93Turbo, note that when things don't paint a nice picture of the President, they don't get a heck of a lot of attention. I've met people who were unaware (prior to the election) that jihadists had murdered an ambassador of ours and dragged his body through the streets.

Wonder how it played in the Journal-Constitution....
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Saab93turbo
Champion Author Washington

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Message Posted: Jan 21, 2013 3:14:51 PM

This has been a horrible situation. The news didn't cover it that much.
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traffic cop
Champion Author Boston

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Message Posted: Jan 21, 2013 2:19:50 PM

ZZZoop, and others, let's note that the Algerian facility was a natural GAS facility. Unless I have overlooked something, it was not a significant petroleum (oil) producer.

So we're dealing with apples and oranges. Both fruit, both consumable, but still different items. Of itself, it should not impact petroleum and gasoline supply chains, and prices. As a dangerous international political event, it suggests greater risks to the energy network, and we know what that means.

Houkster, I want to think on your extended post, and will get back to you. Please refrain from those highly generalized, dismissive interdictions. Have a nice holiday!
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ZZZoop
Champion Author Virginia

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Message Posted: Jan 21, 2013 1:04:50 PM

>>Prices jumped again after the hostage situation where I'm at. Kind of hard not to believe they aren't connected.<<
>>And oil prices are trending up in the wake of the NG facility incident in Algeria, so it is having an impact.<<

The Algerian hostage crisis began on 16 January. According to this website's gas price charts, from 16 Jan to today, Riverside gas prices have risen from $3.67/gal to $3.69/gal. The most recent "spike" in Riverside gas prices started 2 days prior to the hostage crisis on 14 January and that was only a spike from $3.63/gal to $3.67/gal.

Nationally, U.S. average gas prices have risen 1 cent/gal since 16 January.

You call it an impact, I call it noise.
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sagnat
Champion Author Riverside

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Message Posted: Jan 21, 2013 12:08:04 PM

And oil prices are trending up in the wake of the NG facility incident in Algeria, so it is having an impact.
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WEPSMAN
Champion Author South Dakota

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Message Posted: Jan 21, 2013 12:06:44 PM

The Algerian crisis was at a natural gas facility. Prices are rising on the account that oil prices are rising.
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PDN57
Champion Author San Bernardino

Posts:3,190
Points:683,745
Joined:Aug 2012
Message Posted: Jan 21, 2013 12:00:06 PM

It will never happen the govt doesnt want us to energy self sufficient they want the price of gas to up so we can be forced to use alternative energy
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Houckster
Champion Author Atlanta

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Message Posted: Jan 21, 2013 11:43:08 AM

TRAFFIC_COP writes: We need to commit to North American energy autonomy, with an emphasis upon exploiting the Bakken oil field, which can prosper both the U.S. and Canada and expanded fracking. I see three primary impediments against this:

1) Obama's inept foreign policy agenda, rooted (perhaps) in his naive faith in his hopes for the "Arab Spring." Expect more events like the Algerian attack, as Islamists realize how they can undermine the inter-connectedness of the West's energy needs.
2) The Administration's ideological hostility to hydrocarbon energy, with its naive faith in and corporate tie-ins to:
3) so-called "sustainable energy." On this last, I illustrate with 3A) A recent study showing European wind turbines (hailed as a model for the U.S.) have HALF the predicted operational expectancy than originally predicted (and amortized). Built with rate-payer and tax (yes, Houckster!) benefits, they will have to be re-subsidized at 10-12.5 years, not 25.
3B) Vetoing the Keystone Pipeline (on specious environmental grounds) greatly enriches the Burlington-Northern-Santa Fe RR, owned by Obama buddy Warren Buffet's Berkshire Hathaway. Note also that Berkshire-Hathaway is being sued by the IRS.
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Well clueless as clueless does. Sorry but this is a losing post from beginning to end.

Where to start?

First, the Obama administration HAS NO antipathy for for hydrocarbon fuels. Energy production in the US is at a very high level and as long as the developer of a site has a good environmental plan in place, they can get a permit to exploit their site. In the Bakken, thousands of wells are planned. The Obama administration is not standing in the way of development of oil and gas resources so long as the development is done safely.

With regard to Mr. Obama's "hopes for the Arab Spring", this is simply so silly it beggars description. Where is there any support for this concept except on the Hard Right? Let's do some reality here: The Obama administration has had a very pragmatic policy with regard to the "Arab Spring". They have encouraged self-determination but have allowed the people to carry the fight themselves while working through the UN to ease dictators out of power where this was practicable. Where is the linkage between this policy and the "events like the Algerian attack, as Islamists realize how they can undermine the inter-connectedness of the West's energy needs.". There is none and if TRAFFIC_COP bothered to read an objective newspaper, then he would see that the terrorists have been attacking the oil infrastructure for years, including those during Mr. Bush's terms. Luckily, most Americans are smart enough to see through this TRAFFIC_COP's silliness. Most experts have viewed Mr. Obama's foreign policy in a generally favorable light.

With regard to sustainable energy, there is more silliness from TRAFFIC_COP. Sustainable energy like wind and solar do have a place in our energy portfolio. Like any other technology, sustainable energy has to be deployed properly. If the Europeans are having problems with their wind and solar projects, and they are, we can learn from their mistakes. We have no obligation to duplicate their problems. Let's do some more reality: Budgetary constraints are going to probably frustrate any attempt to enact any large scale expansion of wind and solar for the near future.

The reality of TRAFFIC_COPS post is that he insists on distorting everything because that is the quest of the Tea Party. And after a while, the country will grow sick of these people as they gum up productive compromise and negotiation in Washington. Eventually they will follow the course of the No-nothings and other fringe groups in our history that really had little of substance to offer.

[Edited by: Houckster at 1/21/2013 11:44:51 AM EST]
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traffic cop
Champion Author Boston

Posts:2,916
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Message Posted: Jan 21, 2013 11:06:15 AM

Houkster and GasBuddy are right, pointing out that the Algerian event (and the Middle East turmoil, in general) affect the European market more directly than North America's. Even so, a shortage (or increased risk/anticipated shortage) there will have repercussions here.

We need to commit to North American energy autonomy, with an emphasis upon exploiting the Bakken oil field, which can prosper both the U.S. and Canada and expanded fracking. I see three primary impediments against this:

1) Obama's inept foreign policy agenda, rooted (perhaps) in his naive faith in his hopes for the "Arab Spring." Expect more events like the Algerian attack, as Islamists realize how they can undermine the inter-connectedness of the West's energy needs.
2) The Administration's ideological hostility to hydrocarbon energy, with its naive faith in and corporate tie-ins to:
3) so-called "sustainable energy." On this last, I illustrate with

3A) A recent study showing European wind turbines (hailed as a model for the U.S.) have HALF the predicted operational expectancy than originally predicted (and amortized). Built with rate-payer and tax (yes, Houckster!) benefits, they will have to be re-subsidized at 10-12.5 years, not 25.
3B) Vetoing the Keystone Pipeline (on specious environmental grounds) greatly enriches the Burlington-Northern-Santa Fe RR, owned by Obama buddy Warren Buffet's Berkshire Hathaway. Note also that Berkshire-Hathaway is being sued by the IRS.

[Edited by: traffic cop at 1/21/2013 11:12:31 AM EST]
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MertieMan
Champion Author Lexington

Posts:17,214
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Message Posted: Jan 21, 2013 7:42:57 AM

The hostage crises is over with many dead. The Algerians don't care who it was that was killed in their process of raiding this compount. Life to most of these people means nothing.
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Houckster
Champion Author Atlanta

Posts:11,095
Points:767,770
Joined:Sep 2003
Message Posted: Jan 20, 2013 6:29:03 PM

BURGIE writes: The Gas prices are going up now and in the future because of the Algerian Hostage crisis.The gas companies don't care about us consumers as they are just gredie and are more concerned about their Bottom line!.The price at the pump here in Kingston Ont. is 119.9Ltr.!.
_____
Honestly, I have to agree with GAS BUDDY. This statement is about as clueless as they get. If one is going to complain that the gas companies are greedy, BURGIE ought to, at least, learn how to spell it.

Why fault the gas companies? As GAS BUDDY pointed out, they are doing what they are supposed to do: make money and they have executives who are supposed to grab every cent they can because it's the shareholders that they are REALLY loyal to. They care about consumers only insofar as their market share will increase or decrease and there impact their bottom line. Sorry BURGIE but that's the way it is. Er . . . while we're busting up illusions, there's no Good Tooth Fairy either.

And while the problem in Algeria might have a small impact on price, it will be very temporary here because that oil goes mostly to Europe.
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MrDeath666
Champion Author Houston

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Message Posted: Jan 19, 2013 8:35:11 PM

Gas will never be cheap again.
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TrixieNY
Champion Author Buffalo

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Message Posted: Jan 19, 2013 4:09:18 PM

LOL CANADA!
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Gas_Buddy
Champion Author Maryland

Posts:29,588
Points:3,583,140
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Message Posted: Jan 19, 2013 3:42:19 PM



It's really hard to take this topic seriously.
After 7 1/2 years of membership, with 3,980 points, (280 more points than 3 months ago, based on
Previous points),
almost all of which have come from message posting,
it's difficult to see that gas prices have been any particular concern.

Granted, you may not find the Algerian situation of any great importance, but for many in the energy and oil industries, as well as those in other Mideast oil producing areas, the Islamic militants holding hostages at the BP PLC natural gas plant in Algeria raised the risk for supplies from Middle East and North Africa. And, like it or not, when supplies are or may be reduced, the market and the industry react.

I noticed that, while your "upset" about the penny a liteincrease over the past there days, you haven't said anything about the drop in price from January 7, or from early October, both of which were higher than your current prices. Where were your posts then regarding "gas companies don't care about us consumers as they are just gredie..."?

And yes, like it or not, gas companies (as well as all of the oil and energy industry) are concerned with their bottom line. Just like the company you work for or own. Few industries or businesses operate for the sole purpose of "caring about consumers" and not concerned with their bottom line. If they weren't concerned with their bottom line, with making a return for their investors and shareholders or stockholders, they won't be in business long. And, for all we know, some of your investments, retirement or income, come from investments in the oil industry, and their making a return on their investments...that is, they're concerned, for you, about their bottom line.

You want to be helpful, maybe take the time to post gas prices just once in a while for the benefit of your fellow Ontario Gas Buddy members. Based on your points totals, you've a little more than a dozen gas price posts, meaning you average one gas price post every six months. If all you did was post one gas price post a month, just one, the information you'd be providing your fellow members with shopping information that be a lot more useful and beneficial than saying would be gas companies are "gredie" because of a hostage situation at a natural gas plant, especially as you didn't provide any explanation of your comments.

Post some prices for the benefit of your fellow Gas Buddy members, just as they post prices for you. Or was the purpose of joining Gas Buddy to only take part in the discussions?
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gougenator
Champion Author Dallas

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Message Posted: Jan 19, 2013 2:09:50 PM

well the crisis is got to figure in on the global tensions concerning oil/gas etc
so the knee jerk action is to RAISE FIRST then ask questions later
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traffic cop
Champion Author Boston

Posts:2,916
Points:1,034,260
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Message Posted: Jan 19, 2013 12:32:52 PM

I'm so reassured that our dynamo Commander-in-Chief is right on top this lat5est flowering of his Arab Spring. Launch the Predators!

Do you know that President Obama has launched more Hellfire missiles than all other Nobel Peace Prize winners, combined?

He's going to need a longer kill list on the Oval Office desk blotter.
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sagnat
Champion Author Riverside

Posts:1,915
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Message Posted: Jan 19, 2013 12:23:59 PM

Prices jumped again after the hostage situation where I'm at. Kind of hard not to believe they aren't connected.
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OceanArcher
Champion Author Mississippi

Posts:7,982
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Message Posted: Jan 19, 2013 12:10:35 PM

I seriously doubt that the hostage problem in Algeria is behind your price change ...
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