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Welp, there goes the cheap price of gas.

Posted on 11/30/16 at 4:13 pm
Posted by WildcatMike
Lexington, KY
Member since Dec 2005
41546 posts
Posted on 11/30/16 at 4:13 pm
OPEC cutting production. Cost of crude goes way upLINK
Posted by hendersonshands
Univ. of Louisiana Ragin Cajuns
Member since Oct 2007
160104 posts
Posted on 11/30/16 at 4:13 pm to
PUT OUR BAWS BACK TO WORK
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134865 posts
Posted on 11/30/16 at 4:14 pm to
It's still under $50/bbl
Posted by rondo
Worst. Poster. Evar.
Member since Jan 2004
77411 posts
Posted on 11/30/16 at 4:14 pm to
That's a geaux tigers?
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 11/30/16 at 4:14 pm to
G, but I've already ordered some new truck nuts
Posted by Panny Crickets
Fort Worth, TX
Member since Sep 2008
5596 posts
Posted on 11/30/16 at 4:15 pm to
Posted by WildcatMike
Lexington, KY
Member since Dec 2005
41546 posts
Posted on 11/30/16 at 4:16 pm to
I am guessing it won't be for long unless some nation floods the market. LINK

OPEC cutting millions barrels a day. Gas going to go up.
This post was edited on 11/30/16 at 4:17 pm
Posted by Count Chocula
Tier 5 and proud
Member since Feb 2009
63908 posts
Posted on 11/30/16 at 4:16 pm to
Lafayette needs the help - thanks OPEC. Normally yall are pieces of shite, but today you did the right thing.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 11/30/16 at 4:17 pm to
I didn't realize Germany was a member of OPEC
Posted by slackster
Houston
Member since Mar 2009
84884 posts
Posted on 11/30/16 at 4:20 pm to
quote:

That's a geaux tigers?
Posted by Mung
NorCal
Member since Aug 2007
9054 posts
Posted on 11/30/16 at 4:20 pm to
quote:

Normally yall are pieces of shite,


that never changes. they just can't afford to hemorrhage any more, and they've already broken our O&G companies down.
Posted by MorbidTheClown
Baton Rouge
Member since Jan 2015
65962 posts
Posted on 11/30/16 at 4:21 pm to
welp..okay then
Posted by slackster
Houston
Member since Mar 2009
84884 posts
Posted on 11/30/16 at 4:22 pm to
quote:

I am guessing it won't be for long unless some nation floods the market. LINK

OPEC cutting millions barrels a day. Gas going to go up.


OPEC agrees to cut by 1.2MM barrels, but the US has already cut nearly 1MM barrels since 2015. This was unexpected, but isn't a drastic change. The intent is to get back into the $50-$60 per barrel range.
Posted by slackster
Houston
Member since Mar 2009
84884 posts
Posted on 11/30/16 at 4:25 pm to
quote:

thanks OPEC. Normally yall are pieces of shite, but today you did the right thing.


I mean they're not really the ones to blame for all of this.

Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 11/30/16 at 4:27 pm to
quote:

I mean they're not really the ones to blame for all of this.

well, there was this little military exercise you see
Posted by goldennugget
Hating Masks
Member since Jul 2013
24514 posts
Posted on 11/30/16 at 4:36 pm to
Here in Seattle it's a dollar over the national average

I hate environmental Nazis
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51614 posts
Posted on 11/30/16 at 4:45 pm to
Trump has stated his desire to open all federal lands and waters up to exploration and drilling. If any of those turn up sizable finds you can expect prices to drop again.

On the flip side of this, India's consumption is expected to continue to grow by 4% each year until at least 2040 (with China around 1-2%). So while we are becoming more independent from foreign oil, the market is becoming less dependent on US consumption to keep prices at a decent level for the oil baws to remain employed.

Posted by TigerBait2008
Boulder,CO
Member since Jun 2008
32429 posts
Posted on 11/30/16 at 4:48 pm to
Just filled up for $1.73 a gallon, so....lol
Posted by AwesomeSauce
Das Boot
Member since May 2015
7521 posts
Posted on 11/30/16 at 4:52 pm to
December 2012.... That's around the time we start fracking the ever loving fracking out of everywhere in fracking Texas and mother fracking Oklahoma wasn't it?
Posted by Placebeaux
Bobby Fischer Fan Club President
Member since Jun 2008
51852 posts
Posted on 11/30/16 at 4:53 pm to
F250s ride again!
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