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re: US running out of room to store oil; price collapse next?
Posted on 3/3/15 at 6:16 pm to jrodLSUke
Posted on 3/3/15 at 6:16 pm to jrodLSUke
quote:
And...summer will be here soon, bringing the usual increase in demand for gas and oil.
Correct. The reason crude is stacking up in tanks and caverns is because investors are buying it on the futures market and storing it there. Buy low, sell high. Wall Street sees prices going up, that's why they are buying and tanking it.
0
Posted on 3/3/15 at 6:18 pm to Jim Rockford
Oh good, gas prices will drop at the end of summer. Just like crawfish prices will drop after Good Friday.
Posted on 3/3/15 at 6:24 pm to yellowfin
quote:
for some reason Citibank has been screaming $20 oil for months now, don't know their agenda
Hoping smaller operations will default so they can take over their interest in wells and sell them at a higher price to bigger outfits?
Posted on 3/3/15 at 6:34 pm to stout
Making interest only payments right now.
Defaulting is a ways away.
Prices will rebound before that happens for most
Defaulting is a ways away.
Prices will rebound before that happens for most
Posted on 3/3/15 at 6:42 pm to Henry Jones Jr
quote:
Weren't the tards saying about 35 years ago that we were running out of oil?
They were saying that even 10 years ago. I guess at the time technically they weren't wrong. Its just now they have the technology and ability to get oil that they couldn't at that time.
Posted on 3/3/15 at 6:42 pm to Henry Jones Jr
quote:
Weren't the tards saying about 35 years ago that we were running out of oil?
Just a scheme to get us to invent new alternatives. I doubt we ever run out.
Posted on 3/3/15 at 6:54 pm to Napoleon
quote:
They were saying that even 10 years ago. I guess at the time technically they weren't wrong.
No they were wrong. Price defines how much "oil is left" in this world.
Posted on 3/3/15 at 7:03 pm to Henry Jones Jr
quote:
Weren't the tards saying about 35 years ago that we were running out of oil?
35? fricking Obama said it less than 3 years ago.
Posted on 3/3/15 at 7:05 pm to lsugradman
No one is paying attention to the fact a number of major refineries are undergoing seasonal turnarounds and there are several other refineries with unplanned full to partial shutdowns as well?
That said, terminal and refinery storage capacity has shrunk substantially over the years, and some of the tax proposals our legislature is considering would cause the amount in inventory to shrink further.
That said, terminal and refinery storage capacity has shrunk substantially over the years, and some of the tax proposals our legislature is considering would cause the amount in inventory to shrink further.
Posted on 3/3/15 at 7:18 pm to Icansee4miles
We are just pieces in a great big game for these jackholes with all the money. Bend over and take it like a man.
Posted on 3/3/15 at 8:17 pm to Hurricane Mike
quote:
Once production is cut to where it needs to be, the bottom won't last long
It's more rigged than the diamond market.
Posted on 3/3/15 at 8:50 pm to goatman1419
quote:
They also say we have global warming during the harshest winters
I'm blown away that people really are this stupid
Posted on 3/3/15 at 9:36 pm to BigOrangeBri
How so?
This post was edited on 3/4/15 at 5:36 am
Posted on 3/3/15 at 9:37 pm to Icansee4miles
quote:
unplanned full to partial shutdowns as well
bullshite, these refineries run better without hourly scum. No way they cut rate and are limping along.
Posted on 3/3/15 at 10:28 pm to Jim Rockford
Store it in the salt domes....national strategic reserve...until needed.
Posted on 3/3/15 at 10:34 pm to goatman1419
quote:
They also say we have global warming during the harshest winters in a 100 years. That gluten free is actually something. That cross fit invented excercising. And that Obama isn't a Muslim supporter when he just paved the way for Iran to make a nuke.
i'm gonna go out on a limb and guess you watch Fox News, huh?
Posted on 3/3/15 at 10:40 pm to chRxis
Posted on 3/3/15 at 10:47 pm to munchman
quote:
Store it in the salt domes....national strategic reserve...until needed.
Cant you only store natural gas in the salt domes? or can you do oil also>?
Posted on 3/3/15 at 11:07 pm to BigOrangeBri
quote:
I'm blown away that people really are this stupid
You believe in global warming and I'm the stupid one.......OOOOOOOOOKKKKKKKKK
Posted on 3/3/15 at 11:10 pm to chRxis
quote:
i'm gonna go out on a limb and guess you watch Fox News, huh?
No I read books and facts.
1.Global warming is a cycle it's not caused by man....fact.
2. Gluten free has been debunked by science over and over as well as "organic foods"
3. Cultfit well that's just funny
4. Given Iran the capability to develop nuclear weapons in 10 years is the definition of paving the way for them to have nucs.
I'd love to hear your side of these statements I've made but before you do try reading something besides facebook to get your facts because I have.
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