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Old 03-27-2020, 08:34 PM
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Um, what?????
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Old 03-27-2020, 09:07 PM
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Originally Posted by Kymudder08 View Post
So I’ve always read gasoline only lasts 3 months (though I’ve had mowers and cans full over winter that still ran the next spring cut after 5-6mo). Is there a way to make it last for a long time? Like 6-18mo. I’ve got a few 55gal race fuel drums that are begging to be filled
I have some gasoline in some MSR fuel bottles that has been sitting for 11 years now,I filled the bottles to the top and of course the bottles are airtight.

I checked the fuel last summer,smelled normal and ignited like it was fresh out of the pump. No Sta Bil.

Keep the barrels in a cool location to minimize expansion,I store gas and diesel in 55 gallon drums.
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Old 03-28-2020, 09:34 AM
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My wife filled up the gas guzzler truck yesterday and said it was under 2 dollars but I forget what she quoted. I am not sure what diesel is at these days but I'm going to buy as much as I have storage for if it's lower. May even pick up a few 5 gal cans to store more.
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Old 03-28-2020, 12:24 PM
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Originally Posted by Kymudder08 View Post
So Iíve always read gasoline only lasts 3 months (though Iíve had mowers and cans full over winter that still ran the next spring cut after 5-6mo). Is there a way to make it last for a long time? Like 6-18mo. Iíve got a few 55gal race fuel drums that are begging to be filled
There are Sta-bil & Pri-g. I've had better luck with Pri-g, it can keep gasoline viable for 2 years, possibly more. There is also Pri-d for diesel which keeps diesel good for even longer periods.
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Old 03-28-2020, 02:40 PM
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I have some gas in 5 gallon jugs. 87 and 93 octane, just in case something goes real sideways. I have Stabile around but doubt I will need it.
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Old 03-28-2020, 04:04 PM
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Originally Posted by Kymudder08 View Post
So I’ve always read gasoline only lasts 3 months (though I’ve had mowers and cans full over winter that still ran the next spring cut after 5-6mo). Is there a way to make it last for a long time? Like 6-18mo. I’ve got a few 55gal race fuel drums that are begging to be filled
Gas that contains no ethanol can last years if it is stored in a temperature-stable environment and an airtight, sealed container. I just bought 15 gallons. It's expensive though!
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Old 03-28-2020, 04:22 PM
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ďStock it up!Ē
Prepping the USA with a few months of oil, in reserve would be a a good campaign issue for a Trump.
ďStock it up!Ē
Hitting the public purse to buy something you have plenty of already would be a poor campaign issue.
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Old 03-28-2020, 07:02 PM
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Meanwhile, production costs are still high because of peak oil, with the industry needing the price to reach up to $100 in order to pay for previous debts (around $2 trillion). Also, there appears to be a correlation between oil consumption and economic growth.
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Old 03-28-2020, 08:32 PM
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Still paying $2.50+ per gallon in the Portland, OR area....

Literally zero change in price from neither low demand or low oil price.
I dont buy lack of demand either. I am going to and from work everyday and there might be 10% fewer cars compared to normal.
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Old 03-28-2020, 08:36 PM
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So... not too informed on the science of all this but... what does fuel stabilizer do? You already know where I'm going with this.
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Old 03-29-2020, 07:04 AM
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I'll be stocking more kerosene and lp gas.
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Old 03-29-2020, 07:27 AM
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I'll be stocking more kerosene and lp gas.
Anything you can do to kerosene to keep it fresh for next winter?
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Old 03-29-2020, 07:30 AM
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Why so cheap in OK? Where I am in Michigan I see $1.60-1.90 everyday.

One word: taxes.
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Old 03-29-2020, 07:44 AM
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I can tell you that working in the industry right now sucks. With the price per barrel below $30, O&G companies are looking to shed expenses as fast as possible. I expect to see continued layoffs over the next many months.

We donít need $100 per barrel as mentioned above, but above $50 would help me sleep better at night.
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Old 03-29-2020, 08:43 AM
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Anything you can do to kerosene to keep it fresh for next winter?
I'm not sure because I've never had any trouble. I have kerosene that is 5 years old and still burns great. I keep it out of the light and keep the can full as much as possible so it doesn't condensate.

Also as a HVAC tech I've removed fuel oil tanks from basements with oil that was several years old. I've used that oil.

what kind of trouble have you had?
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Old 03-29-2020, 08:17 PM
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When oil is cheap because of low demand brought about by other crises, income eventually weakens for the same reason. That's because higher income is dependent on a growing economy, and a growing economy on increasing demand.

At the same time, production is curtailed because costs are high, the price and demand are low, and debts remain. Oil companies have to keep making debt payments (debt went up to $2 trillion because of peak oil: unconventional oil production is much more expensive) and paying for overhead costs even as it sells less oil. At some point, some firms will have to cut production, with some even closing, because they had to burn through their cash flows, sell off assets, and lay off personnel. That in turn may make it hard to bring back production capacity to previous levels.

If economies ever recover, then demand will recover as well. At that point, the price may increase significantly if there isn't enough supply as much of production has gone offline. The higher price (probably around $80 a barrel) should allow oil companies to recoup losses, and if it goes up further (at least $100), borrow more to meet demand. But higher prices also lead to economic crises if people lack income even after recovery (because they had to cover their losses as well), which means they have to borrow more (which increases debt, which in turn also leads to economic problems) or decrease demand, which brings us back to the first point above.

In short, the price of oil can't be too low or to high, because either way the economy weakens. The problem is that the cost of oil is rising because of peak oil, and a low price leads to oil industries weakening (and eventually leading to lower production) and a high price to economies weakening (and eventually leading to combinations of higher debt or weakened demand).
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Old 03-29-2020, 08:37 PM
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Meanwhile, production costs are still high because of peak oil, with the industry needing the price to reach up to $100 in order to pay for previous debts (around $2 trillion). Also, there appears to be a correlation between oil consumption and economic growth.
Peak Oil?

Youre suggesting that the price of oil is tied to a fantasy theory of oil running out?

Yeah, good luck with that buddy... sounds like a bunch of crap.

API doesnt even take a position on the idea, nor have I heard any industry group or representative take a position on it, let alone validate it by tying their pricing to it


*always ready to be proven wrong
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Old 03-29-2020, 08:53 PM
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Several stations in Oklahoma City are 0.99 a gallon.

What a great deal for cross-country RV'ing.... Oh, except we can't do that with COVID.
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Old 03-30-2020, 09:59 AM
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Peak Oil?

Youre suggesting that the price of oil is tied to a fantasy theory of oil running out?

Yeah, good luck with that buddy... sounds like a bunch of crap.

API doesnt even take a position on the idea, nor have I heard any industry group or representative take a position on it, let alone validate it by tying their pricing to it


*always ready to be proven wrong
Peak oil is not about running out of oil but production reaching a peak because of physical limitations. That's why global oil discoveries peaked in 1964 (or '47, following a Bloomberg report), U.S. conventional production peaked in 1970, world oil production per capita peaked in 1979, world conventional production peaked in 2005, and unconventional production will peak soon (at least according to the EIA).

Also, around two-thirds of oil-producing countries reached or went past peak production. Thus, what you think is a fantasy has been taking place for decades.

Finally, pricing is not tied to peak oil but is determined by the market. What's tied to peak oil is production cost.
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Old 03-30-2020, 10:46 AM
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Quote:
Originally Posted by shibbershabber View Post
Peak Oil?

Youre suggesting that the price of oil is tied to a fantasy theory of oil running out?

Yeah, good luck with that buddy... sounds like a bunch of crap.

API doesnt even take a position on the idea, nor have I heard any industry group or representative take a position on it, let alone validate it by tying their pricing to it


*always ready to be proven wrong
Peak oil is not about running out of oil but production reaching a peak because of physical limitations. That's why global oil discoveries peaked in 1964 (or '47, following a Bloomberg report), U.S. conventional production peaked in 1970, world oil production per capita peaked in 1979, world conventional production peaked in 2005, and unconventional production will peak soon (at least according to the EIA).

Also, around two-thirds of oil-producing countries reached or went past peak production. Thus, what you think is a fantasy has been taking place for decades.

Finally, pricing is not tied to peak oil but is determined by the market. What's tied to peak oil is production cost.
Physical limitation is one thing, and that makes sense.

But when we say 'peak oil' that is not the same as what youve described.

Peak oil is running out of oil... Not running out of easily/cheaply extracted oil
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