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Message
Summer H- word
Posted on 2/9/16 at 7:34 pm
Posted on 2/9/16 at 7:34 pm
So how much would a hurricane help the oil market ? I know there is a trade off but the thought of a storm hitting the gulf could spark a rebound of sorts .
6
Posted on 2/9/16 at 7:45 pm to Teauxler
Probably just temporary relief if one does it. It will return back to lower levels after
Posted on 2/9/16 at 7:51 pm to Teauxler
Posted on 2/9/16 at 8:26 pm to Teauxler
It would hurt more than it would help. 
Posted on 2/9/16 at 9:20 pm to Teauxler
You might get a short term pop. But we have so much oil sloshing around right now, that even if there was a major cut in production, it would not have a huge long term effect.
If there was major, significant damage to production, the president would just tap the SPR, like he did after Katrina.
High oil prices are not in the economic best interest of the country as a whole.
If there was major, significant damage to production, the president would just tap the SPR, like he did after Katrina.
High oil prices are not in the economic best interest of the country as a whole.
Posted on 2/10/16 at 8:19 am to LSUFanHouston
quote:
High oil prices are not in the economic best interest of the country as a whole.
Nope, low oil prices are better for 90% of the country. Just like low corn prices are better for 99% of the country.
Posted on 2/10/16 at 8:29 am to JamalSanders
Disagree.
Posted on 2/10/16 at 9:37 am to Iowa Golfer
On corn or oil?
Posted on 2/10/16 at 10:05 am to Teauxler
OPEC deciding to cut production, long term lack of capex causing supply shortages, or Saudi and Iran lobbing missiles at each other seem like the only way for prices to come back up significantly.
Simple Supply and Demand.
Simple Supply and Demand.
Posted on 2/10/16 at 11:19 am to TheHiddenFlask
On oil. Corn really doesn't have as much of an impact on the price of beef and groceries as some think it does. But low oil prices are a function of one quarters overproduction (largely, Q1 I believe) and lower demand. Lower demand. Not good. Actually lower increase in demand. Demand has increased marginally.
Posted on 2/10/16 at 12:43 pm to Teauxler
My grandparents are already convinced that the government controls the weather....this would push them over the edge
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