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re: Oil at 19 dollars a barrel
Posted on 3/20/20 at 5:26 pm to Paul Allen
Posted on 3/20/20 at 5:26 pm to Paul Allen
Late 90s it was about a buck a gallon
Posted on 3/20/20 at 5:29 pm to deltaland
Wild idea, what if people capable of storing barrels in the US buy barrels of oil now @ current market price then when oil comes back, sell them back to the O&G companies. Like stock except less risky??
Posted on 3/20/20 at 5:30 pm to deltaland
If you baws are able. Dump all you can in XOM
Posted on 3/20/20 at 5:33 pm to HogBalls
Chevron is stronger than xom currently
Noble Energy if you want a lower priced stock
Noble Energy if you want a lower priced stock
Posted on 3/20/20 at 5:38 pm to PolarPop5
quote:
Wild idea, what if people capable of storing barrels in the US buy barrels of oil now @ current market price then when oil comes back, sell them back to the O&G companies. Like stock except less risky??
Posted on 3/20/20 at 5:39 pm to Yellerhammer5
quote:no shite, may invest in some shite.
I'll take 2,000 barrels please.
Posted on 3/20/20 at 5:40 pm to deltaland
Where you seeing $19? I’m seeing $22.43 WTI and $26.98 Brent
Posted on 3/20/20 at 5:41 pm to kciDAtaE
Yeah. WTI is at 22. Still terrible but better than 19.
Posted on 3/20/20 at 5:42 pm to kciDAtaE
$19 is the April contract, $22-23 for May
Depends which site you’re looking at
Depends which site you’re looking at
Posted on 3/20/20 at 5:44 pm to deltaland
It's going lower.
ETA: it's not at 19 yet.
ETA: it's not at 19 yet.
This post was edited on 3/20/20 at 5:47 pm
Posted on 3/20/20 at 5:49 pm to Boring
quote:
19 is the April contract, $22-23 for May Depends which site you’re looking at
I’m looking at current oil prices
Posted on 3/20/20 at 6:00 pm to kciDAtaE
WTI and Brent are different than crude oil futures
Posted on 3/20/20 at 6:03 pm to Paul Allen
quote:Spring 1983 it dropped to $14.75 per barrel.
I want to say around 2015 or so it got low. Anyone recall when the last time it was sub $20?
I had 1 quarter in pursuit of PE. Took Intro to PE Fall '82 at LaTech when it was $32/barrel. Spring '83 I was in the College of Business.
Posted on 3/20/20 at 6:05 pm to redfieldk717
quote:
WTI and Brent are different than crude oil futures
I’m aware. But when someone says, “oil is at 19 dollars a barrel”, that’s stating the price of oil. Not oil futures.
Posted on 3/20/20 at 6:11 pm to kciDAtaE
Crude Oil is at 19/barrel today
This post was edited on 3/20/20 at 6:16 pm
Posted on 3/20/20 at 6:24 pm to Salmon
quote:
Yeah. I’m way more concerned about this than the virus
Yes. When people finally quit sky screaming and clutching pearls over the Kung Flu, they’re gonna notice the devastation done to our economy and they will really get sick.
The damage done to our economy is going to make them want to lick a Covid test swab when they finally realize what the hell is happening.
But hey, pay no attention to the man behind the curtain.
Posted on 3/20/20 at 8:04 pm to el Gaucho
I saw gas at $1.65 at Pilot in Lafayette
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