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re: Alright oilfield Baws whats going on with the price of oil???
Posted on 10/3/18 at 1:32 pm to FLObserver
Posted on 10/3/18 at 1:32 pm to FLObserver
Basically Iran sanctions, continued Venezuelan production problems, West Texas pipeline constraints, and the Saudi comments recently have conspired to signal an impending supply weakness while demand remains consistently strong. Saudi doesn't appear to be able to get much over 11 million barrels a day of production versus previous predictions. With the natural decline of current production and a lag of new projects due to the weak price period from 2014-2017 there is a possible supply crunch coming soon.
1
Posted on 10/3/18 at 1:36 pm to FLObserver
The price is too high already. Hurts the non oilfield working class.
Posted on 10/3/18 at 1:37 pm to FLObserver
quote:
I have a feeling a gallon of gas is about to go over 3.00
If that's the case, I'm gonna get truck nuts....for my Vespa
Posted on 10/3/18 at 1:44 pm to kywildcatfanone
quote:
The price is too high already. Hurts the non oilfield working class.
2.65/gal too pricey for you? I'm sure the $3 you'd save with it slightly cheaper would go far.
Posted on 10/3/18 at 1:57 pm to FLObserver
Wrong. 2.38 in Shreveport.
Posted on 10/3/18 at 1:58 pm to FLObserver
I don't know if this is the case, I am sure there will be people who will think this is absolutely not true at all.. But I did read a while back that the tariffs put on China and the "trade war" could actually have an impact on gas prices.
There is "concern" that the tariffs can have an impact on mardi gras.
LINK
There is "concern" that the tariffs can have an impact on mardi gras.
LINK
Posted on 10/3/18 at 1:59 pm to FLObserver
Oilfield baw checking in. Hopefully my day rate goes up a few times this coming year 
Eta: truck is paid off and it doesnt have any nuts though
Eta: truck is paid off and it doesnt have any nuts though
This post was edited on 10/3/18 at 2:01 pm
Posted on 10/3/18 at 2:00 pm to FLObserver
Offshore is starting to pick up quite a bit..not sure what the cause is but there is some action going on in the GOM
Posted on 10/3/18 at 2:00 pm to kywildcatfanone
quote:
The price is too high already. Hurts the non oilfield working class.
It's actually right about where it needs to be, imo. Price at the pump isnt debilitating for most people and oil companies are able to drill and refine and explore at a good rate.
Posted on 10/3/18 at 2:01 pm to OweO
quote:
that the tariffs can have an impact on mardi gras.
shite. I hadn't even thought about my throws cost going up.
Posted on 10/3/18 at 2:01 pm to TigersHuskers
quote:
hope it goes higher along with natural gas. Both being high priced is good for me.
Aren’t you the one who routinely laughed at oilfield people on here when the price was low?
Posted on 10/3/18 at 2:02 pm to FLObserver
Holidays are coming, price gauging on all the travelers.
Posted on 10/3/18 at 2:04 pm to kywildcatfanone
quote:
The price is too high already. Hurts the non oilfield working class.
In Baton Rouge the average is $2.43. That is pretty much where it should be in order to keep everyone happy, but gas prices usually go down when the weather gets cooler/cold.
Posted on 10/3/18 at 2:06 pm to FLObserver
I think $80 is about the sweet spot for oil prices.
Posted on 10/3/18 at 3:03 pm to TheIndulger
quote:
Aren’t you the one who routinely laughed at oilfield people on here when the price was low?
Things have changed. High O&G prices now benefit me.
Posted on 10/3/18 at 3:50 pm to TigersHuskers
Only going to get worse. Was at dinner with a drilling engineer from Exxon yesterday here in Houston. They’re gearing up for $100 bbl in 2019.
Hopefully this time around people won’t have a short memory and not live rig bonus + day rate check to the next. But shite, Ford stock would take a plunge
Hopefully this time around people won’t have a short memory and not live rig bonus + day rate check to the next. But shite, Ford stock would take a plunge
Posted on 10/3/18 at 4:44 pm to TigersHuskers
quote:
Things have changed. High O&G prices now benefit me.
You were a bleeding heart about how high oil prices were bad for everyone and your schadenfreude over oilfield people losing their jobs was rampant. So rampant in fact, that I actually remember you years later.
In short, you suck
Posted on 10/3/18 at 4:47 pm to FLObserver
If you like it when gas is cheap you should move to north Louisiana or New Orleans because you aren’t a true Louisianian
Many of us out here are barely making it with how cheap gas is and can barely afford our mortgages and truck notes.
Many of us out here are barely making it with how cheap gas is and can barely afford our mortgages and truck notes.
Posted on 10/3/18 at 5:16 pm to el Gaucho
quote:
Many of us out here are barely making it with how cheap gas is and can barely afford our mortgages and truck notes.
Sorry baw sounds like you need some diversification in your job skills.
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