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re: Oil falls sharply as U.S. crude inventories rise

Posted on 2/19/15 at 7:49 am to
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167247 posts
Posted on 2/19/15 at 7:49 am to
It's one of the dumbest things I have read here about oil pricing. If he really is a buy/seller, then his company must be struggling.
Posted by REB BEER
Laffy Yet
Member since Dec 2010
16200 posts
Posted on 2/19/15 at 7:49 am to
quote:

What in the blue hell are you talking about?


Do you even hyperbole, bro?
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 2/19/15 at 7:49 am to
Yeah, idk what the frick he was talking about in that last sentence
Posted by Thib-a-doe Tiger
Member since Nov 2012
35378 posts
Posted on 2/19/15 at 7:53 am to
When China growth gets back on track, everything will be back to normal
Posted by TexasTiger1984
Houston
Member since Sep 2009
1375 posts
Posted on 2/19/15 at 7:59 am to
This is an interesting article. Because of cuts in capital expenditure now, we're setting ourselves up for high prices in the future.

Why Oil Prices Must Go Up
Posted by Spunky
Member since Mar 2013
10020 posts
Posted on 2/19/15 at 8:03 am to
quote:

You're an idiot if you want .99 cent gas prices.



How so? I love saving $ on fuel. It's not my fault some people chose an inconsistent job field.
Posted by lsu xman
Member since Oct 2006
15553 posts
Posted on 2/19/15 at 8:03 am to
Crude Oil futures down $50.38-2.50, 4.5%.

Posted by Thib-a-doe Tiger
Member since Nov 2012
35378 posts
Posted on 2/19/15 at 8:03 am to
Let me guess, you're in the medical field?
Posted by Thib-a-doe Tiger
Member since Nov 2012
35378 posts
Posted on 2/19/15 at 8:04 am to
Yep, that's the part most people don't realize. Enjoy the cheap gas now, it's going to cost that much more in the future
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 2/19/15 at 8:05 am to
O&G wages will be higher next time too since more people will exit the field and fewer will enter because of the volatility
Posted by Tigeralum2008
Yankees Fan
Member since Apr 2012
17138 posts
Posted on 2/19/15 at 8:12 am to
Bet that guy got an A in his econ class at LSU...
Posted by Thib-a-doe Tiger
Member since Nov 2012
35378 posts
Posted on 2/19/15 at 8:13 am to
I dunno, the ones I know are gluttons for punishment and know they can't make that money anywhere else with no formal education.
Posted by Spunky
Member since Mar 2013
10020 posts
Posted on 2/19/15 at 8:16 am to
quote:

Let me guess, you're in the medical field?






Negative.
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 2/19/15 at 8:17 am to
I guess I was thinking more of professionals


I can't see many people wanting to major in PetE right now.
Posted by Thib-a-doe Tiger
Member since Nov 2012
35378 posts
Posted on 2/19/15 at 8:20 am to
Yeah but how transferable is a PE degree?


I have no idea. We were in a field where we didn't need to have one on staff
This post was edited on 2/19/15 at 8:21 am
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 2/19/15 at 8:21 am to
Good point


One of the reasons I chose something different

A little less money but way more diverse options
Posted by Thib-a-doe Tiger
Member since Nov 2012
35378 posts
Posted on 2/19/15 at 8:22 am to
My nephew is in Industrial Engineering at LSU right now. Hope he can find a job around here with that
Posted by loweralabamatrojan
Lower Alabama
Member since Oct 2006
13136 posts
Posted on 2/19/15 at 8:35 am to
quote:

Cold week in much of the U.S. with people staying in. Once spring and summer get here the 30A crowd will drive the price back up on their way to Fudpuckers

That's pretty funny. And funnier because it's true.
Posted by Flame Salamander
Texas Gulf - Clear Lake
Member since Jan 2012
3044 posts
Posted on 2/19/15 at 9:02 am to
I'm work in petrochemicals and the low oil prices means that our raw material costs have gone down. We are churning out product at a record pace and profit margins are large. We are all getting big fricking bonuses come March and also hiring.
Posted by Emiliooo
Member since Jun 2013
5148 posts
Posted on 2/19/15 at 9:10 am to
Same story, different day

The price of oil is super volatile right now because of trading. It won't stabilize until the third of fourth quarter and will rise back in the low 60s. I can't see it breaking into the $70 mark though
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