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Message
Saudi Arabia declares cease fire in oil war
Posted on 6/23/16 at 10:50 pm
Posted on 6/23/16 at 10:50 pm
quote:
Any number of accidents could disrupt this attempt to stabilize the oil price at the current level. Yet Saudi Arabia's willingness to accept $50 as the new normal should reduce volatility, making the market more boring for speculators but friendlier to oil producers and consumers.
Looks like there will be truck nutts for everyone soon?
Bloomberg
8
Posted on 6/23/16 at 11:00 pm to gatorhater08
frick the Saudis and anything they say. There will come a time that nearly every country in the ME will realize that their current wealth is fleeting. There is no value in sand and they will eventually need "greener" countries to survive.
This post was edited on 6/23/16 at 11:24 pm
Posted on 6/23/16 at 11:00 pm to gatorhater08
Oil down $2.80 tonight so far.
Posted on 6/23/16 at 11:01 pm to Canard Noir
Well that just escalated.
Posted on 6/23/16 at 11:55 pm to shutterspeed
I've dropped my day rate from 2k to 150$
Posted on 6/23/16 at 11:59 pm to gatorhater08
Bull market for F250's.
Posted on 6/23/16 at 11:59 pm to gatorhater08
Meh.
The Saudies will be making a lot more noise next year in the US. Watch Motiva and see what they move on once they break away from the Shell partnership.
Posted on 6/24/16 at 12:00 am to Canard Noir
How many trucks did you have towed away?
Posted on 6/24/16 at 12:22 am to jeff5891
quote:
How many trucks did you have towed away?
Absolutely zero. ONG jobs make my life better but don't rule my world. My business is hedged enough to live without ONG but thrive with it.
This post was edited on 6/24/16 at 12:31 am
Posted on 6/24/16 at 7:40 am to bawbarn
quote:
Oil down $2.80 tonight so far.
Hmm
Posted on 6/24/16 at 7:45 am to gatorhater08
we should bomb them and take the oil.
Posted on 6/24/16 at 7:58 am to gatorhater08
They must have gotten Hillary's assurances that she'll get rid of the guy in Syria and let them build their pipeline to sell NG to the EU.
Posted on 6/24/16 at 8:18 am to bamarep
quote:
They must have gotten Hillary's assurances that she'll get rid of the guy in Syria and let them build their pipeline to sell NG to the EU.
was a NG pipeline proposed that would go through syria?
That would be a huge reason why Russia will not leave the current conflict
Posted on 6/24/16 at 8:33 am to Tigeralum2008
quote:Rumor has it that's why they're fighting to keep Assad in charge.
was a NG pipeline proposed that would go through syria? That would be a huge reason why Russia will not leave the current conflict
Posted on 6/24/16 at 8:52 am to Canard Noir
quote:
frick the Saudis and anything they say. There will come a time that nearly every country in the ME will realize that their current wealth is fleeting. There is no value in sand and they will eventually need "greener" countries to survive.
QFT.
Posted on 6/24/16 at 9:05 am to gatorhater08
So is oil going up or what. I need my sales to sky rocket next month. June has not been good to me.
Posted on 6/24/16 at 10:36 am to tigersownall
quote:
is oil going up or what. I need my sales to sky rocket next month. June has not been good to me.
Same here!
Posted on 6/24/16 at 10:47 am to gatorhater08
It was always a game of "who has the deepest pockets" with the Saudis. They were trying to flood the market to frick the Russians and Iranians as well as hamstring our fracking industry.
I guess they finally found out how deep their pockets are
I guess they finally found out how deep their pockets are
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