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Started By
Message
re: Oil hit $21 and has momentarily stabilized at 21-22. FoxBiz: Could go to $0
Posted on 3/18/20 at 2:31 pm to Salmon
Posted on 3/18/20 at 2:31 pm to Salmon
quote:
Both mine and my wife's businesses are getting completely fricked right now.
My wife's company is screwed if this lasts for months.
The impact on mine is difficult to determine right now.
This post was edited on 3/18/20 at 2:31 pm
0
Posted on 3/18/20 at 2:31 pm to JoeHackett
quote:
Sign me up. Gonna start saving milk jugs.
No shite. Can I get in on that? I have a garage.
This post was edited on 3/18/20 at 2:32 pm
Posted on 3/18/20 at 2:31 pm to cokebottleag
will still be $1.50 at the gas station
Posted on 3/18/20 at 2:32 pm to cokebottleag
But the price at the pump hasn't dropped a penny in 10 days. You can bet if the price per barrel increased by $30, we'd see a price at the pump increase immediately. frickers.
Posted on 3/18/20 at 2:32 pm to cokebottleag
quote:
“Oil prices can go negative,” wrote Paul Sankey, managing director at Mizuho Securities.
So you give someone $20 to take your oil?
Posted on 3/18/20 at 2:33 pm to TigerNlc
That was an awesome episode!
Posted on 3/18/20 at 2:33 pm to Oilfieldbiology
Saudis need oil to be $80-$85 to balance their budget
Posted on 3/18/20 at 2:33 pm to Salmon
quote:
Both mine and my wife's businesses are getting completely fricked right now.
How dare you worry about yourself at a time like this when 100's to "potentially" 250 million lives could be lost!!!! Haven't you watched the news?!!!
Posted on 3/18/20 at 2:34 pm to cokebottleag
quote:
Could go to $0
Doesn’t even seem possible.
Posted on 3/18/20 at 2:34 pm to Pelican fan99
Not as bad as SA.
I guess that means they would win the price war.
Gonna have to recycle those greasy tablecloths they wear...
I guess that means they would win the price war.
Gonna have to recycle those greasy tablecloths they wear...
Posted on 3/18/20 at 2:36 pm to crazyLSUstudent
You serious? frick that’s more idiotic than the LA legislature
Posted on 3/18/20 at 2:36 pm to cokebottleag
Hell if it goes to $0 I'm going to toss a few barrels into the back of my King Ranch.
Posted on 3/18/20 at 2:37 pm to Alt26
(no message)
This post was edited on 10/22/20 at 6:05 pm
Posted on 3/18/20 at 2:37 pm to cokebottleag
quote:
FoxBiz: Could go to $0
Posted on 3/18/20 at 2:38 pm to JackieTreehorn
This is why you don't buy a $60,000 truck your first hitch in from the rig. The oil market is one of the most volatile of all industries.
Posted on 3/18/20 at 2:39 pm to cokebottleag
Free oil? I will fill my swimming pool with gasoline.
Posted on 3/18/20 at 2:39 pm to TH03
quote:How many scratch offs can I buy if I put 40 gallons in my F250?
“Oil prices can go negative,” wrote Paul Sankey, managing director at Mizuho Securities.
Posted on 3/18/20 at 2:39 pm to cokebottleag
So, you’re saying my backyard stash might not he worth much?
Posted on 3/18/20 at 2:43 pm to Pelican fan99
quote:
lol Louisiana is so screwed
Has nothing to do with Oil. Louisiana’s fate was determined decades ago
Posted on 3/18/20 at 2:44 pm to cokebottleag
I turned down a job about a month ago in the oil/gas business and had a few second thoughts about it because it would have been a change of market for me.
Now I'm glad I did. I'll be staying with healthcare IT for the time being.
Now I'm glad I did. I'll be staying with healthcare IT for the time being.
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