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Started By
Message
When will oil come back?
Posted on 5/3/17 at 2:00 pm
Posted on 5/3/17 at 2:00 pm
Oil baws, what are you heating about upstream oil? My towns economy pretty much is dependent on it coming back. Is trump helping the oil come back in the gulf?
36
Posted on 5/3/17 at 2:01 pm to fareplay
Not anytime soon
Posted on 5/3/17 at 2:01 pm to fareplay
It's a 50/barrel...it is back
Posted on 5/3/17 at 2:01 pm to fareplay
When the middle east runs out of it.
Posted on 5/3/17 at 2:01 pm to fareplay
I am hearing of some drilling projects starting this summer
I have drilling projects starting around the start of 2018
I have drilling projects starting around the start of 2018
Posted on 5/3/17 at 2:02 pm to fareplay
Oil will probably never be "back" to what it was in the gulf
Posted on 5/3/17 at 2:03 pm to fareplay
When truck nuts fly.
Posted on 5/3/17 at 2:03 pm to fareplay
Coming back to $100/barrel?
If you ask me, not for at least a decade.
With how easy it is to drill and frac the source rocks, we can turn on the spigot very quickly, and as soon as prices begin to climb back up, we will, and drive the price right back down again.
If you ask me, not for at least a decade.
With how easy it is to drill and frac the source rocks, we can turn on the spigot very quickly, and as soon as prices begin to climb back up, we will, and drive the price right back down again.
This post was edited on 5/3/17 at 2:05 pm
Posted on 5/3/17 at 2:03 pm to fareplay
I can't wait to pay $4+/gallon again. The piece of mind I get from helping people incapable of helping themselves helps me sleep better at night.
Posted on 5/3/17 at 2:04 pm to fareplay
When supply shrinks or demand increases.
Posted on 5/3/17 at 2:05 pm to fareplay
frick foreign oil and products.
We should be self sufficient.
It would create a ton of jobs.
We should be self sufficient.
It would create a ton of jobs.
Posted on 5/3/17 at 2:06 pm to fareplay
I'm a wheelwright and I'm wondering when horse-and-buggies are coming back?
This post was edited on 5/3/17 at 4:00 pm
Posted on 5/3/17 at 2:07 pm to fareplay
We've gotten busy again the last 4 months.
Posted on 5/3/17 at 2:10 pm to fareplay
I would gladly pay a few more dollars at the pump so people won't lose their jobs.
Can't believe so many cheer for cheaper gas knowing folks will get laid off.
Am I doing this thread right?
Can't believe so many cheer for cheaper gas knowing folks will get laid off.
Am I doing this thread right?
Posted on 5/3/17 at 2:10 pm to fareplay
Sitting by my oil traders right now.
They say not any time soon. But they see a potential increase slowly by the end of the year. $100 oil is gone for a long time.
They say not any time soon. But they see a potential increase slowly by the end of the year. $100 oil is gone for a long time.
Posted on 5/3/17 at 2:11 pm to fareplay
The only way for prices to go up is:
A. Demand goes up, or
B. Supply goes down
Demand will gradually increase as developing countries like China and India start buying more cars and driving more. American cars becoming more fuel efficient has reduced our demand for fuel.
Technology has located and unleashed more oil than we ever knew existed. Barring a war in the middle east which shuts down the flow of oil between the gulf states and Europe, the glut of oil is largely here to stay until demand catches back up.
A. Demand goes up, or
B. Supply goes down
Demand will gradually increase as developing countries like China and India start buying more cars and driving more. American cars becoming more fuel efficient has reduced our demand for fuel.
Technology has located and unleashed more oil than we ever knew existed. Barring a war in the middle east which shuts down the flow of oil between the gulf states and Europe, the glut of oil is largely here to stay until demand catches back up.
Posted on 5/3/17 at 2:19 pm to fareplay
Hopefully soon, I'll be looking for an HSE gig next summer.
Posted on 5/3/17 at 2:25 pm to fareplay
As soon as we bomb North Korea
Posted on 5/3/17 at 2:25 pm to fareplay
quote:
My towns economy pretty much is dependent on it coming back
Not our problem. Move.
Posted on 5/3/17 at 2:29 pm to fareplay
Well Trump just signed an executive order to start issuing offshore permits again. (I think I have that right)
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