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Started By
Message
2
Posted on 5/16/17 at 6:55 am to kywildcatfanone
Its over $3 in largest consumer state of ca. Home state blend for summer, limited capacity.
Posted on 5/16/17 at 6:56 am to fareplay
quote:
I want it to be 120 a barrel again
And I want 25¢/gal for premium
Posted on 5/16/17 at 7:04 am to Restomod
Expect around 60
Probably see swings from 40-90
Probably see swings from 40-90
Posted on 5/16/17 at 7:08 am to kywildcatfanone
quote:
Gas is over $2 a gallon, that's plenty high enough for everyone to make a mountain of money.
This chart is a year old, but the point still remains - sub $2.64 gas is cheaper than normal when adjusted for inflation.
Posted on 5/16/17 at 7:13 am to TheIndulger
Agreed. Although it is a similiar commodity, natural gas is slowly picking up. These next 20 years the natural gas industry will start booming over others. It is the energy of the future until something else is discovered
Posted on 5/16/17 at 7:48 am to slackster
I've said in other thread, gas as high as $2.50 is manageable for most people. Higher than that is just gouging for more profits.
Posted on 5/16/17 at 7:56 am to kywildcatfanone
quote:
I've said in other thread, gas as high as $2.50 is manageable for most people. Higher than that is just gouging for more profits.
I just find it comical that people think inflation affects everything except gas/oil. $4 is high. $2.50 is low.
Posted on 5/16/17 at 8:10 am to fareplay
quote:
I want it to be 120 a barrel again
Why do you want our economy to suffer?
Posted on 5/16/17 at 8:14 am to CaptainBrannigan
quote:
CaptainBrannigan
Go back to the bailout thread and finish what you started with LSURussian
Posted on 5/16/17 at 8:24 am to Das_Wanda_kid
quote:
Have you seen how much stuff on a rig can be automated? If oil hits $200 a barrel and a rig only needs 3 hands to run it, OB's are still screwed.
Oh man you have never been on a rig.
Posted on 5/16/17 at 8:36 am to TigerFred
quote:
Oh man you have never been on a rig
You are correct. I was was wrong, it's actually 5 people. I also watch a history channel show where it showcased the technology for a company man to have the ability to run a dozen drill shacks at one time. All while sitting in an office in Houston.
LINK
This post was edited on 5/16/17 at 8:38 am
Posted on 5/16/17 at 8:37 am to TigerFred
quote:
Oh man you have never been on a rig.
yeah i laughed at that as well.
if anything the processing plants are more ready for automation than a drilling rig.
here comes some plant baws (homer simpson types) trying to justify their job
Posted on 5/16/17 at 8:42 am to CelticDog
quote:
Tesla has roofing material now that is solar panels.
And it is amazing how nice they look
House with tesla tiles...
Posted on 5/16/17 at 8:56 am to kywildcatfanone
quote:
Higher than that is just gouging for more profits.
For a traded commodity, how do you figure?
Posted on 5/16/17 at 9:10 am to Das_Wanda_kid
quote:
You are correct. I was was wrong, it's actually 5 people. I also watch a history channel show where it showcased the technology for a company man to have the ability to run a dozen drill shacks at one time. All while sitting in an office in Houston.
how cost effective is that technology. it has to cost less than human operation. a company isn't going to use it if it cost more.
Posted on 5/16/17 at 9:21 am to Nado Jenkins83
I love oil threads.
At my old company we were getting closer to taking a night hand off location and monitoring from the office. Then came the downturn and the r&d money went away. In the long run we would have saved some money but it was very expensive to implement initially. It would have taken a few years to recoup that cost
At my old company we were getting closer to taking a night hand off location and monitoring from the office. Then came the downturn and the r&d money went away. In the long run we would have saved some money but it was very expensive to implement initially. It would have taken a few years to recoup that cost
Posted on 5/16/17 at 9:38 am to malvin
quote:
At my old company we were getting closer to taking a night hand off location and monitoring from the office. Then came the downturn and the r&d money went away. In the long run we would have saved some money but it was very expensive to implement initially. It would have taken a few years to recoup that cost
it sounds great in theory but one manning a job gets old fast. and then people quit and you are left with a less skilled worker running the show
I have one manned a few jobs as MWD and DD when we were short handed. its hard to sleep easy knowing any second you may get woke up with an issue
Posted on 5/16/17 at 9:39 am to Rouge
quote:
Probably see swings from 40-90
I doubt we see anything close to 90.00.
Posted on 5/16/17 at 9:43 am to fareplay
When the dollar plunges - there is a direct correlation between the strength of the US dollar and Oil / DXY is around 98 at the moment...Crude was at $100 barrel when the DXY was at $80 / so you need lower rates causing the dollar to fall which in turn will cause oil prices to go up
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