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Oil plummets 7% to 55 dollars a barrel

Posted on 11/13/18 at 3:16 pm
Posted by deltaland
Member since Mar 2011
100235 posts
Posted on 11/13/18 at 3:16 pm
Cheap gas just in time for the holidays
Posted by PearlJam
NotBeardEaves
Member since Aug 2014
13908 posts
Posted on 11/13/18 at 3:17 pm to
Eventually these oil trash trolls will get old, but we aren't there yet.
Posted by DVinBR
Member since Jan 2013
15242 posts
Posted on 11/13/18 at 3:18 pm to
truck nutz just went on sale
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
36425 posts
Posted on 11/13/18 at 3:18 pm to
But the OT told me no more than a month ago we were going back to $100/barrel.
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
42887 posts
Posted on 11/13/18 at 3:19 pm to
Get ready for alot more divorce threads.
Posted by tigrbabe08
Member since Apr 2017
219 posts
Posted on 11/13/18 at 3:19 pm to
Volatility sucks (although there is money to be made), I'd rather a stable $70 for the next 20 years than swinging between $30 and $100. This drop may be the catalyst for OPEC to cap/cut production at the meeting this month (next month?) which could end up causing prices to rise.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
135673 posts
Posted on 11/13/18 at 3:20 pm to
Oilfield baws extending their truck notes to 120 months to lower the payment.
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
38108 posts
Posted on 11/13/18 at 3:24 pm to
quote:

Cheap gas just in time for the holidays


Store by my office just went to $2.19.
Posted by Cosmo
glassman's guest house
Member since Oct 2003
129070 posts
Posted on 11/13/18 at 3:25 pm to
Oilfield honeys gonna have to cancel their pure barre memberships
Posted by Jim Rockford
Member since May 2011
104241 posts
Posted on 11/13/18 at 3:36 pm to
Baloney sammiches on our travel ball trips instead of Chili's.
Posted by bnb9433
Member since Jan 2015
14734 posts
Posted on 11/13/18 at 3:37 pm to
quote:

PearlJam


i have an idea. go play in traffic
Posted by White Roach
Member since Apr 2009
9666 posts
Posted on 11/13/18 at 3:40 pm to
quote:

Cheap gas just in time for the holidays


I’ll take that bet. When the price of a barrel of oil increases, it is almost immediately reflected by an increase in the price of gasoline. When oil decreases, it usually takes a while, if ever, to drop.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 11/13/18 at 3:40 pm to
quote:

But the OT told me no more than a month ago we were going back to $100/barrel.


Posted last week that it dropped below $60 a barrel.

In for the win of cheap fuel which makes many other things cheaper.
Posted by Jim Rockford
Member since May 2011
104241 posts
Posted on 11/13/18 at 3:40 pm to
quote:

Oilfield baws extending their truck notes to 120 months to lower the payment.


It's the ultimate Catch 22. When gas is cheap enough for them to drive it, it's too cheap to afford the note.
Posted by mailman
Houston
Member since Jul 2009
6143 posts
Posted on 11/13/18 at 3:50 pm to
Cheap gas and i have no where to visit, gd
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
36425 posts
Posted on 11/13/18 at 3:53 pm to
quote:

I’ll take that bet. When the price of a barrel of oil increases, it is almost immediately reflected by an increase in the price of gasoline. When oil decreases, it usually takes a while, if ever, to drop.


Gas is down nearly a quarter per gallon in the last month. Do y'all seriously do any research before you start spouting shite? I looked that up in 15 seconds.
This post was edited on 11/13/18 at 3:54 pm
Posted by CaptainBrannigan
Good Ole Rocky Top Tennessee
Member since Jan 2010
21644 posts
Posted on 11/13/18 at 4:05 pm to
Yeah but gas will still be $2.50 per gallon.
Posted by PearlJam
NotBeardEaves
Member since Aug 2014
13908 posts
Posted on 11/13/18 at 4:08 pm to
quote:


i have an idea. go play in traffic
I'm probably safer doing so today with all of those F250s repo'd.
Posted by TaderSalad
mudbug territory
Member since Jul 2014
25869 posts
Posted on 11/13/18 at 4:09 pm to
Anyone with an Ftreefiddy looking to sell?


I am in a buying mood.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
36425 posts
Posted on 11/13/18 at 4:09 pm to
quote:

Yeah but gas will still be $2.50 per gallon


Average price in Louisiana is already at 2.41. Alabama at 2.43
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