koolrayz

The scary part for me is from what I have read there are more tankers being constructed. As the export capacity increases the price will continue to rise. I fear it won't come back down. I'm glad I only use 250 to 300 gallons a year. My wood stove is my friend.

We all are aware of the insane price increases this winter in the price of propane. I heard many rumors, but thought I would see if any hard data was available. I went to this website (http://www.eia.gov/) and found some good data showing the increase in exports that I had heard about were in fact true. As you can see by the three charts directly from the EIA website, production is at an all time high. Exports are at an all time high, in fact exports tripled in the last year. Prices have also reached an all time high. I reviewed the consumption data and saw there was nothing unusual in our usage this year. I exported the data and created the fourth chart showing the three lines together over the last year and a half.

 

It appears that there has been an artificial shortage created and subsequent price fixing. With the increased propane shipping capacity, our domestic resource will continue to be exported at ever growing rates. This resource can be sold at global rates instead of the old domestic rates. The scraps that are left for the domestic markets will be at elevated rates.

 

Compounding the issue is the increased oil production has put a premium on the existing pipeline infrastructure. By monopolizing the pipelines schedules to bias oil transportation, they can export and sell more oil at global market prices instead of the lower domestic oil price. This in the end can help them drive up the domestic market oil and propane prices. The products with the highest profit margins will get the pipeline priority. Given that assumption the only way propane will get pipeline time is if it can generate more profit than oil and be sold at a higher rate than the global propane export pricing.

 

http://i212.photobucket.com/albums/cc122/koolrayz/EPSON003_zps3b405d91.jpg

 

http://i212.photobucket.com/albums/cc122/koolrayz/propaneexports_zpseae4df4b.png

 

http://i212.photobucket.com/albums/cc122/koolrayz/propaneprices_zpsb04fb36d.png

 

http://i212.photobucket.com/albums/cc122/koolrayz/propaneproduction_zps658e71b4.png

I have a race at norwalk the next day. That should be interesting,,,,,,,,,

Thanks for all of the kind words.

I am very lucky to have Brian and my sponsors helping me out.

I could not race without them.

That should make a perfect test date!

I lived in wyo during that time period. I was working on drilling rigs in the middle of nowhere. Cars were completely drifted over and we would regularly be snowed in on the rig for days at a time. It was so cold that propaine would not vaporize. We would heat a small bottle in our truck then use it on a torch to heat the bigger tanks for the trailers. I got frost bite so bad I lost finger nails and had blood blisters. I had no feeling in many of my finger tips for years.

 

It was the summer of 77 that we built an 8 sided cabin 16' across in a wilderness area 3 or 4 miles off the road. We carried a pot bellied stove into it and would cross country ski and spend the weekends there.

 

After the really hard cold snaps we would go from vehicle to vehicle with tarps, torpedoe heaters and battery chargers starting the cars in the neighborhood.

Sell it,,,,,,,,,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Your not worthy

They sent all of us moderators a PM this morning about it. I hope it doesnt turn into another LS1tech

Buy this and work your nut off

 

I hope your right

This is a no brainer, get in where you fit in and give something!

Wright also makes a quality tool and is made in ohio.

I have IPS align all of my cars

track was shit, I was still peddling 4.16 seconds into the run.

They have to clear coat after and the quality of the clear can make or break the look. I only had the valve covers done but I would do more in a second. I think I paid $125 for the valve covers.

Congrats Ant! Get the "in the news" plaque. I bet they contacted you already

I like to see what people think the top 20% make as a household at the least of the 20%. I'll start, I am guessing (no facts) but $500k a year. That is my perception. I could be very wrong.

 

I read that chart to be talking about accumulated wealth not income. The two are very different. I find that chart with the percentages worthless without the second axis showing the amounts. Plus how do you think age would factor in givin the large sample of boomers that have there retirement funds? All I see is some skewed liberal bullshit

My favorite line

"When they aren’t making their own carbon fiber components, the team works on heat testing materials for NASA."

Hey I will be there also! Maybe we will see each other

Damn Bitch! Just jump right in with both feet lol

Congrats Brian!

I wish I had two more weeks of vacation so that I could go to more races.

It's great to see the recognition!

It was an ok show.

 

It was a great show, lots of wheel stands and close racing!

Awesome.

 

Was that marks vette on the big end in one of the videos?

 

Yes it was, his 7.47 to my 7.59

Nice job on the Video Brian!

Thanks for all of the kind words.

A big thanks goes out to Brian, I could not race without him!