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re: Alright oilfield Baws whats going on with the price of oil???
Posted on 10/4/18 at 9:23 am to FLObserver
Posted on 10/4/18 at 9:23 am to FLObserver
Iran Sanctions and lack of excess capacity. Or at least the desire to find extra capacity.
It’ll calm down by early next year once we get more production online. Then crash again when OPEC floods the market in a price floor war. It never ends.
It’ll calm down by early next year once we get more production online. Then crash again when OPEC floods the market in a price floor war. It never ends.
0
Posted on 10/4/18 at 9:40 am to Captain Crackysack
quote:
That's a hot take considering most are saying around $100 come early 2019
And everyone also said we'd see $150 a barrel in 2014.
I think we have too much production capacity stateside to ever see $100 again but I'm not an expert.
Also, land rigs have a much lower breakeven point than they did 4 years ago so more wells are operating today and they're making more money now than they did when oil was over $100. The higher oil goes, the more they'll produce. I mostly deal with wells in the DJ, Powder River Basin and Bakken and those guys are heating up, especially in Wyoming.
Posted on 10/4/18 at 11:23 am to kjp811
I'm not a price speculator but I can say that boats are starting to go back to work in Fourchon. Slowly but surely
Posted on 10/4/18 at 11:27 am to FLObserver
Wait until a year or so and see what happens to diesel.
Posted on 10/4/18 at 12:09 pm to FLObserver
quote:
Alright oilfield Baws whats going on with the price of oil???
You think oilfield baws have any sort of insight into economics? If they have the insight, they ain't a baw.
Posted on 10/4/18 at 12:58 pm to Jester
quote:
You think oilfield baws have any sort of insight into economics? If they have the insight, they ain't a baw.
I'm an oilfield baw with a BA in finance and a masters degree. We got educated baws around here homie
Posted on 10/4/18 at 12:59 pm to Captain Crackysack
quote:
I'm an oilfield baw with a BA in finance and a masters degree. We got educated baws around here homie
Then you aren't a baw
Posted on 10/4/18 at 1:03 pm to Mingo Was His NameO
Well I choose to identify as a baw, at least for this thread.
Posted on 10/4/18 at 1:07 pm to Mingo Was His NameO
You suck
Posted on 10/4/18 at 1:08 pm to Captain Crackysack
Unless you got your masters degree from the School of Hard Knocks, you aint no baw
Posted on 10/4/18 at 2:03 pm to TexasTiger89
quote:
Oil industry is not really getting busier so the price is going up further I suspect.
Say what? I work for a large engineering firm and we are slammed. We've hired a plethora of people within the past month. I also have friends in the business who are busy as shite.
Posted on 10/4/18 at 2:18 pm to Rossberg02
quote:
Wait until a year or so and see what happens to diesel.
Right at a 10% increase in just this past week.
Now,$2.99. 
Posted on 10/4/18 at 3:24 pm to FLObserver
(no message)
This post was edited on 10/4/18 at 3:36 pm
Posted on 10/4/18 at 4:37 pm to Jester
We offshore baws just got a raise. It’s on!!! I’ll be truck shopping this weekend. If I ever get off this rig.
Posted on 10/4/18 at 4:39 pm to LSUChamp06
Gas prices will go up slightly shortly when they start switching to the winter blends up north. Diesel will go up slightly too when the heating oil demand goes up.
Add the increase per barrel and it will suck more!
I just don't see how it can go up too much, isn't there is a glut of supply now?
Add the increase per barrel and it will suck more!
I just don't see how it can go up too much, isn't there is a glut of supply now?
Posted on 10/4/18 at 5:27 pm to FLObserver
It dropped pretty big today. US stockpiles rose by a lot and Russia/Saudi agreed to increase output.
So it’s likely not going any higher soon.
So it’s likely not going any higher soon.
Posted on 10/4/18 at 5:43 pm to Captain Crackysack
quote:
LINK
This is just one of the dozens and dozens of articles over the past week, baw
We love our sanctions don’t we folks?
Posted on 10/4/18 at 5:47 pm to TheIndulger
quote:
Unless you got your masters degree from the School of Hard Knocks, you aint no baw
Baws sure do like to use the School of Hard Knocks term on Facebook
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