It is... but look at the big picture, when oil goes to $300 a barrel, and if demand is still the same as today or worse, those 200 extra ships are giving us a marginal savings - at 300 a barrel, we would still be worse off than we are today without all those ships. It's just a question of when oil goes to $300 a barrel - or some other incredibly high figure.
Yup. As always is the ultra spin to benefit the politico de jour. As the CFTC will find specs excessive participation are the affect, they should find that easy credit from the fed and lack of oversight in OTC markets are the cause. Government is the root of the problem. And they want us to think otherwise.
Seriously is this not the âPLOTâ of all James Bond(007) movies ever made? What happens if the price of Oil collapses during that 5 year plan?
You may be correct, though i am quite surprised. When i checked the heats of combustion per carbon atom for various straight-chain, branch chain, and cyclic hydrocarbons i was surprised to find that methane does produce about 1/4 more energy per its lone carbon than an average of the other hydrocarbons per carbon. The difference between 1/4 and 1/3 might well be due to differences in the heats of vaporization for methane and ordinary liquid petrol. Obviously you will get one molecule of CO2 per carbon for both methane and petrol. My assumption of needing to burn nearly the same number of carbon atoms per mile regardless of whether the fuel is liquid or gaseous hydrocarbon is, however, apparently wrong. One more good reason why we should give serious consideration to replacing gasoline with methane in the U.S.!
Is the CFTC gonna screw small oil traders with higher margins Requirements or another type of limits? Not about limits to the big boys only anymore,the talks are about all players..