The oil crash isn't affecting you up there in ND yet is it? I know there are a lot of fields and towns that have popped up there as of recently. Growth to the point that cost of living in ND was starting to spike to some extent. Or so I'd heard. We don't hear a lot about ND usually.Moto wrote:I think they are going to stack(slang for layover and standby) about half of the rig operating in the US and wait for this to blow over.
In the meantime a ton of people are getting laid off in the oil fields.
fuel
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'93 Ford Escort (Jorge - Prior)
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It's probably going to be bad after the new year. I'm expecting a reduction in the number of rigs by about 70 each rig directly supports around 50-100 people making 100k + a year. (50 or so guys work on a rig at any given time and there are a lot of high paid support jobs that for people that will never see the rig.)
There will be quite a correction if oil prices stay below $75 a barrel for more than a few months.
A lot of the rigs will just move out of the shale plays and move to someplace where it is cheaper an easier to drill.
There will be quite a correction if oil prices stay below $75 a barrel for more than a few months.
A lot of the rigs will just move out of the shale plays and move to someplace where it is cheaper an easier to drill.
Yeah, there is a large gap in price from 87 compared to 89 and higher, I've noticed.
Diesel is also remaining the same price as Premium. I read an article that said diesel prices have not dropped comparatively to gasoline.
Diesel is also remaining the same price as Premium. I read an article that said diesel prices have not dropped comparatively to gasoline.
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2011 Suzuki Kizashi Sport GTS 6MT (Sold)
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paininthenuts
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Even though our gallon is a little larger, the prices you pay and what we pay are enormous. Even with the reductions we have recently had we are still paying about $7.50 a gallon. That would probably be about $6.50 for the same gallon. In other words, 3 times what you pay.bootymac wrote:That's CAD 0.61/L! I paid $1.09 a few days ago
I saw this posted on TCL:
Seems like a common occurence now? That's a huge spread between regular and premium grades.
Yeah, the UK is pricier than even Japan.paininthenuts wrote:
Even though our gallon is a little larger, the prices you pay and what we pay are enormous. Even with the reductions we have recently had we are still paying about $7.50 a gallon. That would probably be about $6.50 for the same gallon. In other words, 3 times what you pay.
Looks like Norway is the highest and not surprisingly, the people there love EVs and PHEVs.
http://www.statista.com/statistics/2213 ... the-world/
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2011 Suzuki Kizashi Sport GTS 6MT (Sold)
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Engineer60
- Posts: 28
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Fuel prices for petrol is much the same in the EU at present diesel is of course still higher in the UK 
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The US charges more for diesel because of changes made to the sulfur standards in the fuel around 2006. I believe the EU implemented the same changes, but they actually upgraded their refining abilities so they could not claim diesel shortages.
The crafty(shady) business practices in the united states knew that most diesel vehicles in the US were commercial vehicles. They pay regardless of price so the claim ever since is that diesel is in shorter supply because of reduced refining capabilities.
Up until the early 2000s diesel was actually cheaper than petrol most places in the United States. It is a great fuel, but hardly any private vehicles use it, and the gains achieved by the fuel are basically offset the increased price.
The crafty(shady) business practices in the united states knew that most diesel vehicles in the US were commercial vehicles. They pay regardless of price so the claim ever since is that diesel is in shorter supply because of reduced refining capabilities.
Up until the early 2000s diesel was actually cheaper than petrol most places in the United States. It is a great fuel, but hardly any private vehicles use it, and the gains achieved by the fuel are basically offset the increased price.
