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re: Oil down to 17 dollars bbl

Posted on 4/20/20 at 12:31 pm to
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 4/20/20 at 12:31 pm to
quote:

3 handle, wow, this is crazy sauce and I was kind of expecting this


I'd heard some things, but I didn't expect fricking 3...$3!

Also WTI isn't what oil is being sold for across the board. The hub pricing is worse:



Western Canadian Select is also negative at -$1.

Posted by jcaz
Laffy
Member since Aug 2014
15821 posts
Posted on 4/20/20 at 12:34 pm to
Jesus H Christ.
Stop pumping it out the ground and refuse Saudi shipments.

Random question cause I am naive...
Why can't we shut off all imports of oil and just become self-sustaining? I get we need heavier crude but is it really worth this blood bath?
Posted by deltaland
Member since Mar 2011
91107 posts
Posted on 4/20/20 at 12:36 pm to
Now you get a free barrel of oil with any oil filter purchase at Autozone
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