Jump to content
dfelt

Oil Price Drops Worst To Come?

Recommended Posts

G. David Felt
Alternative Fuels & Propulsion writer
www.CheersandGears.com

 

Oil Price Drops, Worst To Come?

 

CNBC had a great review this past week on Oil Supply, markets and where the cuts will come before we see prices rising and why does 15 barrels a day matter?

 

CNBC Top Oil Analyst story with video

http://www.cnbc.com/id/102414761

 

Capex Cuts will determine oil's bottom: Analyst.

http://www.cnbc.com/id/102417058?utm_content=bufferb47df&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer

 

While we have seen gas prices rise again in the last few weeks, Inventory supply and the need to do something with all the oil being pumped in the US will cause prices to drop again. By the end of the week Oil per barrel on both WTI and Brent crude had dropped by as much as 2.4%.

 

So if the politicians have their way with raising gas tax's when would we see gas return to $4 to $5 dollars a gallon? Some say 2nd quarter of this year, others are saying towards the end of this year but all seem to think we will see gas go back over $3 a gallon for sure in 2016.

 

Washington state is considering a 32 cents per gallon gas tax increase to fund expanded road projects and general fund. Whether it passes the fall vote or not will be another thing and the fact that citizens are tired of funding things such as the 500 million spent on Illegals medical costs and other run away social services along with the under funding of schools and the education of future workers of America.

 

What are your thoughts?

 

Review the stories, listen to the videos and sound off on what you think Oil will do to this country and the direction of Auto's!

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




  • Social Stream

  • Similar Content

    • By William Maley
      Volkswagen has announced their next-generation of gas and diesel engines, launching in 2026 will be its last.
      “Our colleagues are working on the last platform for vehicles that aren’t CO2 neutral. We’re gradually fading out combustion engines to the absolute minimum,” said Michael Jost, strategy chief for Volkswagen.
      The German automaker has set aside $50 billion over the next five years to begin transforming itself into an electric car builder. The first rollout is beginning very soon with the Audi e-tron SUV and Porsche Taycan. By 2030, Volkswagen is planning to have more than 300 electric versions of cars, vans, trucks, and motorbikes.
      But the fading out of gas and diesel engines isn't going to be a quick thing. Jost said that Volkswagen would continue to "modify its combustion engine technology," in the coming years after the new platform for "vehicles that aren’t CO2 neutral". After 2050, Volkswagen may still be offering some gas and diesel models in places "where there is insufficient charging infrastructure."
      Source: Bloomberg

      View full article
    • By William Maley
      Volkswagen has announced their next-generation of gas and diesel engines, launching in 2026 will be its last.
      “Our colleagues are working on the last platform for vehicles that aren’t CO2 neutral. We’re gradually fading out combustion engines to the absolute minimum,” said Michael Jost, strategy chief for Volkswagen.
      The German automaker has set aside $50 billion over the next five years to begin transforming itself into an electric car builder. The first rollout is beginning very soon with the Audi e-tron SUV and Porsche Taycan. By 2030, Volkswagen is planning to have more than 300 electric versions of cars, vans, trucks, and motorbikes.
      But the fading out of gas and diesel engines isn't going to be a quick thing. Jost said that Volkswagen would continue to "modify its combustion engine technology," in the coming years after the new platform for "vehicles that aren’t CO2 neutral". After 2050, Volkswagen may still be offering some gas and diesel models in places "where there is insufficient charging infrastructure."
      Source: Bloomberg
    • By William Maley
      Last week, Ford unveiled the Raptor Ranger. The bad news as we reported was the model wasn't going to come here, but a tweet from Ford's North America Product Communications manager gave some hope that possibly, a smaller Raptor could come.
      More fuel has been added to this fire via some comments made by the chief engineer for Ford Performance, Jamal Hameedi. Speaking with Australian outlet Drive, Hameedi said the truck "would do really well in the states."
      “I think it’s certainly like it’s a baby Raptor, it depends what you’re looking for. There are a lot of people that just want that size in a pickup truck and they don’t want anything larger,” said Hameedi. 
      Hameedi went on to say that the diesel engine found in the Ranger Raptor would likely be swapped for a gas engine.
      “I think most American off-roaders would actually prefer a petrol gas engine, but a diesel is the absolute way to go for the rest of the world.”
      We think a version of Ford's 2.3 EcoBoost could be the engine of choice for a U.S. variant. 
      But it will likely be a while before a final decision is made on the Ranger Raptor coming to the U.S.
      “We haven’t said anything about availability in the US, our first priority is to get a Raptor available to everyone on the planet earth. So Americans already have an F-150 Raptor, we’ve got to spread Raptors to the rest of the planet,” said Hameedi.
      Source: Drive

      View full article
    • By William Maley
      California is considering joining France and Great Britain in banning the sale of gas and diesel-powered vehicles.
      Governor Jerry Brown has been expressing an interest in banning the sale of internal-combustion engines according to Mary Nichols, chariman of the California Air Resources Board.
      “I’ve gotten messages from the governor asking, ‘Why haven’t we done something already?’ The governor has certainly indicated an interest in why China can do this and not California,” she said to Bloomberg.
      As we reported earlier this month, China is also considering a ban on internal combustion engines.
      California has set an ambitious goal reducing carbon dioxide emissions by 80 percent from 1990 levels by 2050.
      “To reach the ambitious levels of reduction in greenhouse gas emissions, we have to pretty much replace all combustion with some form of renewable energy by 2040 or 2050. We’re looking at that as a method of moving this discussion forward,” said Nichols.
      If California was to go forward with this, it would send massive shockwaves in the automotive industry due to the size of state's auto market. Last year, more than 2 million new passenger vehicles were registered, topping countries like France and Spain. Automakers would be under new pressure on making EVs the standard.
      But that doesn't mean California will have an easy time with this. While the state has the authority of writing its own pollution rules thanks to the 1970 Clean Air Act, they cannot be enacted with getting waivers from the EPA. With the Trump administration going on record that it would challenge California on any new environmental act, the state is looking for alternative ways to get what they want.
      “We certainly wouldn’t expect to get a waiver for that from EPA. I think we would be looking at using some of our other authorities to get to that result,” said Nichols.
      Nichols did say it will be a long time before something like this is implemented.
      “There are people who believe, including who work for me, that you could stop all sales of new internal-combustion cars by 2030. Some people say 2035, some people say 2040. It’s awfully hard to predict any of that with precision, but it doesn’t appear to be out of the question.”
      Source: Bloomberg

      View full article
    • By William Maley
      Great Britain is planning to ban the sale of conventional gas and diesel vehicles from 2040 to help reduce air pollution. The government announced this in a paper published by the Department for Environment, Food and Rural Affairs (DEFRA).
      "There should be no new diesel or petrol vehicles by 2040," said environment minister Michael Gove to BBC Radio.
      This is part of the government's £2.7bn blueprint for tackling air pollution. This includes investments going towards building out a charging infrastructure, more efficient public transport, and promoting walking and bicycling. It needs to be noted that the ban will not affect models with hybrid and plug-in hybrid drivetrains - early reports said all gas and diesel vehicles would be banned. 
      This announcement comes a few weeks after France made a similar announcement to ban gas vehicles by 2040.
      Source: Reuters

      View full article
  • My Clubs

  • Recently Browsing

    No registered users viewing this page.

  • Reader Rides

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×