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re: Update, May crude oil futures now down to under $12

Posted on 4/19/20 at 8:33 pm to
Posted by The Boat
Member since Oct 2008
164343 posts
Posted on 4/19/20 at 8:33 pm to
It’s not from a lack of demand. I went to get gas today and every pump had a car at it.
Posted by TulaneUVA
Member since Jun 2005
25921 posts
Posted on 4/19/20 at 8:34 pm to
Motor Gas ain’t the only thing to come out of a crude barrel buddy.
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
9574 posts
Posted on 4/19/20 at 9:44 pm to
quote:

It’s not from a lack of demand. I went to get gas today and every pump had a car at it.

It’s absolutely from a lack of demand. There’s a reason refineries around the country are cutting rate and shutting down conversion units.

The oversupply situation between KSA and Russo exacerbated things, but the sudden drop in demand is the biggest factor right now.
Posted by ShaneTheLegLechler
Member since Dec 2011
60223 posts
Posted on 4/19/20 at 10:30 pm to
quote:

It’s not from a lack of demand


Lmao
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