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Started By
Message
is the price per barrel of oil dropping a bad thing?
Posted on 12/17/14 at 4:24 am
Posted on 12/17/14 at 4:24 am
years ago the economic state of either japan/china (don't remember which) got so bad that the interest rate dropped to around the 1% range. Is this the same situation? I'm not as versed in econ as others so a little patience. tia.
9
Posted on 12/17/14 at 4:52 am to Gorilla Ball
How is more money in your pocket a bad thing?
Posted on 12/17/14 at 6:54 am to Gorilla Ball
Could be for South La refineries, as in Exxon, Marathon, etc.... Some of these plants were looking into some pretty big expansion in the near future and the falling prices of oil will likely have a direct effect on their decisions.
Posted on 12/17/14 at 7:19 am to TigerSaint1
quote:
Could be for South La refineries, as in Exxon, Marathon, etc.... Some of these plants were looking into some pretty big expansion in the near future and the falling prices of oil will likely have a direct effect on their decisions.
Not. Refineries will always be working as products always need to be produced.
This post was edited on 12/17/14 at 7:24 am
Posted on 12/17/14 at 7:46 am to TigerSaint1
It actually helps refineries because the raw product is cheaper.
Posted on 12/17/14 at 7:48 am to Gorilla Ball
Good for individuals, bad for the oil and gas industry.
Posted on 12/17/14 at 7:56 am to Brettesaurus Rex
quote:
bad for the oil and gas industry.
and any industry that depends on the oil and gas industry
which in cities like Lafayette is everything
Posted on 12/17/14 at 8:01 am to yellowfin
Sure as shite is for me. I went from to many offers to pick from to all of them putting freezes on or resending them. 
Starting back with the calls and resumes tomorrow. Anyone have any leads let me know, would be greatly appreciated.
Starting back with the calls and resumes tomorrow. Anyone have any leads let me know, would be greatly appreciated.
Posted on 12/17/14 at 8:34 am to TigerSaint1
quote:
Could be for South La refineries
Maybe some short term margins issues, but this is great news for the refineries. Demand will likely shoot through the roof as costs continue to fall.
Posted on 12/17/14 at 8:38 am to Gorilla Ball
Bad for Louisiana...I'd rather Louisiana be booming than the average american have a few hundred extra dollars to spend each year
Posted on 12/17/14 at 8:46 am to TigerSaint1
quote:
Could be for South La refineries, as in Exxon, Marathon, etc.... Some of these plants were looking into some pretty big expansion in the near future and the falling prices of oil will likely have a direct effect on their decisions.
I honestly wouldn't get used to lower fuel prices. Next year at this time we could be in a completely different situation.
Posted on 12/17/14 at 9:02 am to TigerTatorTots
quote:
Bad for Louisiana...I'd rather Louisiana be booming than the average american have a few hundred extra dollars to spend each year
this
frankly, i wonder if the government ever does shite like this because they hate us and Texas
Posted on 12/17/14 at 9:20 am to donRANDOMnumbers
quote:
frankly, i wonder if the government ever does shite like this because they hate us and Texas
Uhhhh, the federal government doesn't exactly wake up and decide to raise or lower the price of oil.
Posted on 12/17/14 at 9:22 am to member12
quote:
Next year at this time we could be in a completely different situation
Thinking about buying some trash cans and filling them with gasoline while the price is low
Posted on 12/17/14 at 9:27 am to member12
quote:
Next year at this time we could be in a completely different situation
I don't think so. If anything prices will be lower. Production is going to continue to rise for at least year or so no matter the price simply due to projects underway.
Posted on 12/17/14 at 9:32 am to TheIndulger
Posted on 12/17/14 at 10:21 am to Gorilla Ball
bad for upstream, bad for midstream (assuming drops in domestic production outweighs cost-savings for transportation), good for downstream (cheap feed stock)
Posted on 12/17/14 at 10:25 am to Brettesaurus Rex
quote:
Good for individuals, bad for the oil and gas industry and those employed in it.
FIFY.
My guess is that it is either a shock to the market and prices will stabilize, or like some had suggested, if the prices the past 4 years were from a monetary policy and now we are seeing the actual price, I would suspect the government to create another monetary policy to drive prices back up (not to the old level, but still up).
Posted on 12/17/14 at 10:53 am to kingbob
I haven't seen a negative impact in midstream. The correlation might be there, but I imagine it's not as immediate as the production/exploration side.
Posted on 12/17/14 at 11:33 am to NOFOX
quote:
It actually helps refineries because the raw product is cheaper.
Correct
It's the upstream industry that is selling the product that will suffer
I'd say refining companies like Valero and Tesoro will be looking good
Most of the majors are diversified in upstream and downstream investments. I don't know that it would be a wash for them but I'd have to think they'll at least tread water for now. It could definitely make the majors rethink some of their large scale upstream investments though.
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