Originally Posted by LUVMBDiesels

Sounds like BS to me...


First of all even if BNS is a whole 7 dollars more a barrel than WTI, a barrel is 42 gallons. That is what $0.165 a gallon?

How does that translate into a $.50 increase in a gallon of gasoline?


Sounds like the speculators are blowing smoke up our butts again...

Second of course the oil filling the tanks in Texas to capacity can't be shipped to the refineries back East. I mean oil tank rail cars don't exist, right?
Railroads don't run from Texas to NJ, right?
An oil tanker certainly can't sail from Galveston to Newark...

I guess that puts an end to the DRILL HERE DRILL NOW crowd. Even if we drilled, we could not refine the oil we got out of the ground...