- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The Last Time The Price Of Oil Crashed Like This?
Posted on 12/22/14 at 4:44 pm to yankeeundercover
Posted on 12/22/14 at 4:44 pm to yankeeundercover
The depressed oil prices hurt the producers most not the downstream companies. There is a reason why refiners were crushed in 07-12 and the producers were not.
The demand for some distillates are absurdly high and gasoline demand is still strong. Refiners are finally banking as are downstream companies and those relying on feedstocks created from refined petroleum.
Price crashes have collateral damage so hopefully they stabilize but in the mean time down stream companies are doing well.
The demand for some distillates are absurdly high and gasoline demand is still strong. Refiners are finally banking as are downstream companies and those relying on feedstocks created from refined petroleum.
Price crashes have collateral damage so hopefully they stabilize but in the mean time down stream companies are doing well.
1
Posted on 12/22/14 at 4:48 pm to Helo
If it costs a producer $65-$75ish a barrel to get out of the ground, you bet the producers will get hurt.
At today's prices they can't sell below cost but make it up on volume like the car dealers scream on the commercials.
Unless they hedged and booked the price for delivery before the fall.
At today's prices they can't sell below cost but make it up on volume like the car dealers scream on the commercials.
Unless they hedged and booked the price for delivery before the fall.
This post was edited on 12/22/14 at 4:50 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News