On March 17, Here Are 17 Charts Summarizing The US Energy Situation, And Open Thread

Tyler Durden's picture




 

Since at this late hour on March 17th, better known as St. Patrick's day, the only type of Oxidation-Reduction reactions our readers are interested in are those involving the conversion of ethanol into carbon dioxide, and any extensive verbalizing would be largely lost, we have decided to commemorate this day with 17 charts pertaining to those other far more valuable combustible products, namely crude, gas, and everything else that powers modern society. Luckily, since the charts are self-explanatory, they will not interfere with whatever other activities are customary for this time of day. Also, please use this post as an open thread for AA rejects.

 

And the most important chart:

source: Goldman sachs

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Sat, 03/17/2012 - 21:34 | 2266183 Conrad Murray
Conrad Murray's picture

I'm pretty sure this article is implying a strong buy on huffing gas.

Sat, 03/17/2012 - 21:45 | 2266212 qqqqtrader
qqqqtrader's picture

Not an energy chart,

but this chart,

seems it'll take alot more energy to boost this into positive territory!

Sat, 03/17/2012 - 22:09 | 2266272 Cheesy Bastard
Cheesy Bastard's picture

St. Patty's day open thread.  Kiss me I'm shitfaced.

 http://www.youtube.com/watch?v=9VIVSHOQboo&feature=related

Sat, 03/17/2012 - 23:12 | 2266383 CrockettAlmanac.com
CrockettAlmanac.com's picture
Police Intervene, Arrest Ron Paul Backers at Missouri Caucus

 

(ABC News)

Police and organizers shut down proceedings at one of Missouri's largest caucuses today, as Ron Paul supporters feuded with local GOP leaders.

"It's like the Hatfields and the McCoys around here," St. Charles County's former GOP chairman told ABC News, after police arrived on-scene with a helicopter and removed Paul backers.

 

http://news.yahoo.com/police-intervene-arrest-ron-paul-backers-missouri-...

 

Here's some video:

http://www.youtube.com/watch?v=Ofu_MlypJms

and

http://www.youtube.com/watch?v=Ug60vGTCmtI

Sun, 03/18/2012 - 01:06 | 2266615 bigkahuna
bigkahuna's picture

If you get mad because the system is jacked and do something about it--well, the system arrests you.

Sun, 03/18/2012 - 01:39 | 2266650 Oh regional Indian
Oh regional Indian's picture

Therefore, BigK, the real key is to not do just about anything. Slow down, lie back, breathe.

Imagine if 50,000,000 people decided to stay home for a week. Drop in the bucket or butterfly that flapped it's wings?

I think energy-shocks can be "Driven" the other way too.

ori

/an-older-piece-pertinent/

Sun, 03/18/2012 - 01:59 | 2266659 CrockettAlmanac.com
CrockettAlmanac.com's picture

Yeah, let's just sit back and enjoy the sunset while apparatchiks break party rules in order to either make the delegate count come out their way or shut down the entire process without any delegate selection at all.

 

Here's the story straight from the man who was the popular choice for caucus chairman and who was one of the two men arrested:

http://www.dailypaul.com/221346/this-is-brent-stafford-from-missouri

He ain't sitting on his ass.

 

This video shows the temporary chairman ignoring the nomination of Brent Stafford and selecting his own candidate against the will of the majority and without the voting required under Robert's Rules of Order by the calls for division. Then he threatens the crowd with action by the police.

http://www.youtube.com/watch?v=RovPPePrwg0&feature=related

Subsequently he closed the caucus with no delegates having been selected.

Sun, 03/18/2012 - 02:52 | 2266686 Oh regional Indian
Oh regional Indian's picture

Crockett, the political process is completely broken, a farce, a joke.... who does not see that yet? 

Step back, and if you step back far enough away, it changes a lot of things, perspectives especially.

I'll stand by what I said, slow down, back up, sit... the system wants us running.

ori

Sun, 03/18/2012 - 03:37 | 2266726 AnAnonymous
AnAnonymous's picture

US citizenism is based on elitism. Chosen aristocracy.

The political process is conform to US citizenism.

Sun, 03/18/2012 - 04:49 | 2266727 i-dog
i-dog's picture

Well said, ORI.

[Edit] Ooooh! ... I see Crockett is still cruising down de Nile (furiously bailing his barbed-wire canoe).

Sun, 03/18/2012 - 12:05 | 2267128 CrockettAlmanac.com
CrockettAlmanac.com's picture

Coward. First you fight them on their terms. Your allies become radicalized by the process. Then you fight them on your terms. Grow a pair.

Sun, 03/18/2012 - 16:59 | 2267737 Pinto Currency
Pinto Currency's picture

 

Shale gas is underestimated - lots of Shale nat gas still to be discovered:

http://geology.com/energy/world-shale-gas/

 

Information on the Marcellus Shale Gas Deposit:

http://geology.com/articles/marcellus-shale.shtml

 

Watch Westport Innoviations - WPRT-Nasdaq - game changing technology for heavy trucks, buses, medium duty trucks, locomotives and now F-250 and F-350 pickup trucks.  Refilling with liquid nat gas at retail automotive stations costs $2.80 per gasoline equivalent gallon.

 

Honda also makes a nat gas car and it can be refueled in your personal garage with household natural gas for $1.50 per gasoline gallon equivalent with a Phill refueler: http://www.autoobserver.com/2011/03/brc-fuelmaker-again-selling-phill-home-cng-fuel-station.html

Sun, 03/18/2012 - 17:25 | 2267790 Flakmeister
Flakmeister's picture

You might want to google

EIA Marcellus estimate

It got ramped down recently...

You will find that it is not the panacea that it is made out to be...

You will also find that when you factor in the CAPEX for the CNG that you may very well never break even...

Do not think for a minute that NG will remain at these prices for more than 1-2 years...

Sun, 03/18/2012 - 18:01 | 2267818 Pinto Currency
Pinto Currency's picture

 

Be patient on Marcellus - I would be skeptical of the EIA as they are a captive gov agency.  Await industry confirmation on all of the shale nat gas estimates and treat gov stats on nat gas the way you do their CPI numbers.

There is a whole lot more nat gas that will come on line with higher gasoline prices driving the demand up.  Don't expect nat gas prices to spike the way oil prices are as we are swimming in available nat gas from the shale deposits. 

Right now you can buy LNG from retail natural gas filling stations for $2.45 per gasoline gallon equivalent.  No capex there.

The Phill residential LNG station costs $5,000.  If you travel 20,000 miles per year at 30 mpg, that's 667 gallons per year.  At $1.50 per LNG gasoline gallon equivalent for residentially sourced nat gas, you are saving $2.37 per gallon (vs. the current $3.87 per gasoline gallon).  So that is about $1,580 per year in savings vs. gas.  The Phill unit pays for itself in about 3 years.  If you drive an SUV getting 15 mpg, the unit pays for itself in 1.5 years.

If you have a nearby nat gas filling station at $2.45 per gasoline gallon equivalent of nat gas, in comparison it will take quite a bit longer to recover the capex for the home nat gas filling station (but some consumers have been known to spend federal reserve notes for convenience).

 

Sun, 03/18/2012 - 18:07 | 2267859 Flakmeister
Flakmeister's picture

You might want to temper your enthusiam by reading this industry insider:

http://www.theoildrum.com/node/8914

NG prices will stabilize at around $7 per mcf....

You do also realize that the US is currently a net NG importer?

Let me put it this way, I would not be rushing out to convert my vehicle to CNG or to purchase a CNG vehicle...

They could well be a number of people for whom this makes sense, and to them, I say, go for it...

Also, in your computation you need to take into account the Utility delivery charges for the NG....

Sun, 03/18/2012 - 23:32 | 2267909 Pinto Currency
Pinto Currency's picture

 

This is a developing situation with oil prices heading much higher.  As the oil price trend continues upward with Fed Reserve paper printing and Middle East agitation, the dollars will flow into proving up the gas reserves counter to the Oil Drum article fears.

There are huge fields still to be proved-up in the US, Mexico, and Canada and they will be brought on-stream with higher prices - and yes a favorable differential to gasoline (oil) can still be maintained - the difference being the cost of imported oil vs. domestically produced nat gas.

On the residential nat gas system, allowance for utility delivery charges and electricity to operate the nat gas compressor are included.

 

Sun, 03/18/2012 - 04:51 | 2266763 geotrader
geotrader's picture

You ORI are a terrorist for even thinking something so.... perfect!

Sun, 03/18/2012 - 12:06 | 2267132 CrockettAlmanac.com
CrockettAlmanac.com's picture

Yeah, riding the train into Auschwitz and willingly walking into the gas chamber is a wonderful idea. How will they ever stop you from doing such a radical thing?

Sun, 03/18/2012 - 02:25 | 2266685 PersonalRespons...
PersonalResponsibility's picture

Does ANYONE there know how to turn the gain down with that litle knob on the side!!!!!!!!!!!

 

ugh

 

really... ugh!

Sun, 03/18/2012 - 10:01 | 2266945 Coast Watcher
Coast Watcher's picture

Yeah, I've read reports from two people who were at the caucus. From their accounts, it was a complete railraod job by the Santorum faction. Not just Paul people involved in the protest; the Romney supporters went absolutely ballistic. Not surprised at the way the media singled out Paul folks to blame, though.

Sat, 03/17/2012 - 22:11 | 2266279 sIewie the pi-rat
sIewie the pi-rat's picture

imagine my surprise when grandson from college shared photos of his girlfriend that he posted on this site

 

XXX viewers beware she's pretty hot at least to a geezer like me  XXX

http://forhereyesonly.tumblr.com

 

kids these days...

Sat, 03/17/2012 - 22:18 | 2266300 FrankDrakman
FrankDrakman's picture

Rick Sanctimonious is going to be very, very angry with you...

Sat, 03/17/2012 - 22:26 | 2266324 ihedgemyhedges
ihedgemyhedges's picture

just shut up and pour me another Jameson's already....................

Sat, 03/17/2012 - 22:34 | 2266347 Conrad Murray
Conrad Murray's picture

Just got home from the cemetery; I had to dig up a date. Doing shots of morphine and Red Bull now. Anyone holding Swishers, I got the Critical Mass...let's make it happen.

http://www.youtube.com/watch?v=zo3gIgaqNPc

Sat, 03/17/2012 - 23:51 | 2266483 slewie the pi-rat
Sun, 03/18/2012 - 00:59 | 2266595 Conrad Murray
Conrad Murray's picture

Be my pleasure to Tecumseh sumn with ya one day slewie. Nothing lite, 3.14 minimum of the black death. And not that norvegicus, lest it be of the Brennivin genus.

Sun, 03/18/2012 - 10:32 | 2266981 dwdollar
dwdollar's picture

So will Rick crack down on the porn addicts at the SEC or just those in the private sector?

Sat, 03/17/2012 - 22:12 | 2266282 easypoints
easypoints's picture

any asset you hold that has no tangable worth will cease to have value within three decades. Sounds impossibe, but that is the math, given the best case scenario.

Sat, 03/17/2012 - 21:54 | 2266228 Gully Foyle
Gully Foyle's picture

Hey now let's get this party started!!!

http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-na...

Referencing above

http://whatreallyhappened.com/

Obama Takes Control of ALL of the US in Prep For WWIII (done late on a Friday afternoon, of course!)

As dry and obfuscated as this is, you probably need to read it all the way through. Much of this is a rehash of claims to authorities made by previous Presidents under a series of Executive Orders collectively called the FEMO E.O.s.

So, has the President taken over the country? Technically, no. What this order states is that the President will be prepared to take over the nation in the event of a National Emergency, but again, this is not a new concept as it already occurs in prior E.O.s.

Part II assigns direct control over the nation's assets to various cabinet positions under that national emergency, but again this is merely a clarification of earlier power-grabs.

So, why now, and for what reason?

Although couched in terms of National Defense, I take special note of Part III, which sets forth several fiscal authorities not previously mentioned in the earlier Presidential E.O.s. The authorities set forth include direct purchase by the government of assets, loans and loan guarantees, subsidy payments, and so forth. These are normally authorities which would originate in legislation in the House, as they involve spending. The end result of this E.O. is that Obama is usurping the spending authority of the U.S. House of Representatives. So, while presented as a proactive plan to deal with the coming invasion of Iran, Part III suggests that the real purpose of this E.O. is to prepare for the coming collapse of Greece and the E.U. by exerting White House control over Federal Spending ahead of the collapse of the dollar.

Sat, 03/17/2012 - 22:10 | 2266274 dick cheneys ghost
dick cheneys ghost's picture

Question, If the EU and the EURO collaspe, doesnt the DOLLAR win? or would the dollar still collaspe?

 

Is it the petrodollar that will collaspe or the dollar from too much printing?

 

TIA...

 

 

Sat, 03/17/2012 - 22:24 | 2266316 Gully Foyle
Gully Foyle's picture

dick cheneys ghost

Automatic Earth has said that the dollar will be relatively strong due to flight from the Euro.

Of course that won't last forever, but does make sense.

Sun, 03/18/2012 - 00:18 | 2266526 Arkadaba
Arkadaba's picture

She also said  (a few years ago) that Canadian housing would fall 80 percent (which I didn't agree with). I actually think her posts are worth reading but she is a little too wedded to a certain viewpoint (deflationista)

Sun, 03/18/2012 - 00:47 | 2266576 tickhound
tickhound's picture

The Mounties have no problem with inflation either...

oh cAN-NA-da.... la, la, la, la, la, la, la....

I kid, I kid

I love our jonahs from the north.

Sat, 03/17/2012 - 22:47 | 2266382 Alexandros
Alexandros's picture

There is no difference in Dollar and Euro ...it is the same currency since it is “produced” by the same photocopying “machines” and it covers the needs of the same economy in the same area ...it is the same currency, since it belongs to the same people. It just has a different name depending on which side of the Atlantic it is circulated ...it is a mirage. The so-called parity between Euro and Dollar has been “locked” right from the beginning since the German reunification. It has been “locked” there, since an important part of Euro, due to the German implication, is a direct expression of dollar. It has been “locked" like the Drachma parity to Euro is "locked". Today, this “locked” parity appears like a “variable” so that they “fool” Europeans and ask them to make "sacrifices” in a game where the foxies always win –they got both ways- and people always lose.

Global Debt Crisis

http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html

Sun, 03/18/2012 - 02:20 | 2266564 i-dog
i-dog's picture

It is the whole ponzi "currency" system that is collapsing, not just one manifestation of it.

The rush by the central authorities to "legally" acquire all assets (ie. by printing "money" out of thin air to acquire all debts) will mean that they will claim to "own" you and everything around you.

The Euro is just one domino ... though "they" would prefer that it is the last to fall, not the first.

Europe is not a homogeneous entity (no matter how hard they are trying to convince Europeans otherwise) and is still quite a long way from being under control (indeed, it is close to falling apart at the seams!) ... whereas the US, under total control from DC, is in the endgame already.

Do not expect to be able to vote for Ron Paul -- or anyone else -- in November.

Sun, 03/18/2012 - 05:54 | 2266787 Oh regional Indian
Oh regional Indian's picture

Iindeed i-dog. Much yet to trranspire betwixt now and then, elections will be far from people's minds in November.

ori

Sat, 03/17/2012 - 23:50 | 2266481 xela2200
xela2200's picture

Well the fleet should be ready to go from next week, so I guess it will be another interesting Arab spring. The Jews are ready to go already.

Sun, 03/18/2012 - 01:35 | 2266645 CompassionateFascist
CompassionateFascist's picture

On Zion and the IranWar, enlightening new post at James Petras' Left-Populist site:  http://petras.lahaine.org/?p=1892.

Sun, 03/18/2012 - 00:13 | 2266514 Arkadaba
Arkadaba's picture

blah blah blah

Sun, 03/18/2012 - 00:12 | 2266515 Arkadaba
Arkadaba's picture

blah blah blah

Sun, 03/18/2012 - 00:17 | 2266522 Flocking swans
Sat, 03/17/2012 - 21:35 | 2266184 QuantumCat
QuantumCat's picture

Happy Saint Paddy Wagon Day, Bitchez!

Sat, 03/17/2012 - 22:04 | 2266242 Gully Foyle
Gully Foyle's picture

I saw a while ago MacGowan got new teeth.

http://www.blogcdn.com/www.spinner.com/media/2010/02/shane-macgowan-200-...

http://2.bp.blogspot.com/_jWNhyMUpjSE/ShB4jf0S6gI/AAAAAAAADlc/agZhSi59__...

https://www.youtube.com/watch?v=3DgY_Lz09ZE&feature=related

https://www.youtube.com/watch?v=z803Wf38x6s&feature=related

THE POGUES
"The Sick Bed Of Cuchulainn"

(Shane MacGowan)

McCormack and Richard Tauber are singing by the bed
There's a glass of punch below your feet and an angel at your head
There's devils on each side of you with bottles in their hands
You need one more drop of poison and you'll dream of foreign lands

When you pissed yourself in Frankfurt and got syph down in Cologne
And you heard the rattling death trains as you lay there all alone
Frank Ryan brought you whiskey in a brothel in Madrid
And you decked some fucking blackshirt who was curing all the Yids
At the sick bed of Cuchulainn we'll kneel and say a prayer
And the ghosts are rattling at the door and the devil's in the chair

And in the Euston Tavern you screamed it was your shout
But they wouldn't give you service so you kicked the windows out
They took you out into the street and kicked you in the brains
So you walked back in through a bolted door and did it all again
At the sick bed of Cuchulainn we'll kneel and say a prayer
And the ghosts are rattling at the door and the devil's in the chair

You remember that foul evening when you heard the banshees howl
There was lousy drunken bastards singing Billy is in the bowl
They took you up to midnight mass and left you in the lurch
So you dropped a button in the plate and spewed up in the church

Now you'll sing a song of liberty for blacks and paks and jocks
And they'll take you from this dump you're in and stick you in a box
Then they'll take you to Cloughprior and shove you in the ground
But you'll stick your head back out and shout "we'll have another round"
At the graveside of Cuchulainn we'll kneel around and pray
And God is in His heaven, and Billy's down by the bay

Sat, 03/17/2012 - 21:38 | 2266193 Gidas19
Gidas19's picture

China- the ultimate Doomsday Prepper when it comes to supplies...

Sun, 03/18/2012 - 07:25 | 2266234 Mercury
Mercury's picture

Overall it looks like the USA is in a relatively enviable position (vis-a-vis oil/gas) to me.

These data aren't exactly screaming: 'Windmill and solar opportunity of a lifetime" either.

Chart 18 should be:

How Much More Broke Our Shit-For-Brains Federal Government Would Be Without US Energy Industry Tax Revenues

Sat, 03/17/2012 - 21:59 | 2266243 bank guy in Brussels
bank guy in Brussels's picture

« I believe a crucial facet of what’s unfolding is that employees throughout Wall Street, and global finance more generally, are working diligently to extract as much “money” as quickly as possible before the whole thing blows up. »

- Doug Noland, Credit Bubble Bulletin, 16 March 2012

Sat, 03/17/2012 - 23:46 | 2266477 Seer
Seer's picture

OK, folks, let's be honest here, who ISN'T looking to save whatever they before this entire thing blows up?

The future will be one in which we have drastically different values than we have today.  I don't really think that it's that hard to figure out what these will be (hint: they HAVE to be based on sustainable practices).

Sat, 03/17/2012 - 23:59 | 2266493 CharlieSDT
CharlieSDT's picture

It's not about saving for the inevitable winter, it's that they are looting the store before they burn the shit to the ground. 

Sat, 03/17/2012 - 21:59 | 2266245 RockyRacoon
RockyRacoon's picture

"Also, please use this post as an open thread for AA rejects."

What's that supposed to mean?

Do NOT follow this link or you will be banned from the site!