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re: What's driving the narrative about the price of oil right now? It's not like gas is $4/gal
Posted on 7/7/18 at 9:31 am to BeefDawg
Posted on 7/7/18 at 9:31 am to BeefDawg
quote:
The “average” simplified is about $40/barrel right now.
But it’s really around $20 in some areas and upwards of $60 or so in others.
Yep. I'm hearing it's down around $20 in the Permian. In the past, the number thrown around for deep water gulf projects was $75, but supposedly is closer to $60 now
1
Posted on 7/7/18 at 10:27 am to jennyjones
quote:
Thought they were doing that here as well. Thats why the environmental peeps were imploding
SDV, I think you have to have a special blend for Cali, seriously. And you are the only state, so its like buying a designer suit versus one off the rack. For a refinery to be able to process it, and I believe they had to change specs specifically to run that blend, its expensive. Plus your taxes, I believe Pennsylvania is the only state with higher tax since your last increase.
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