- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
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 2:44 pm to Oilfieldbiology
Posted on 3/18/20 at 2:44 pm to Oilfieldbiology
Yes, they are basically YOLOing it with this move and seeing they can ride it out
0
Posted on 3/18/20 at 2:45 pm to White Roach
quote:
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
This!! Current price doesn’t reflect it.
Posted on 3/18/20 at 2:51 pm to Keltic Tiger
This post was edited on 3/18/20 at 2:52 pm
Posted on 3/18/20 at 2:54 pm to upgrayedd
quote:
FoxBiz: Could go to $0quote:
Jesus fricking Christ.
I hate the media so much.
But, it's Fox. No one hates Fox.
Posted on 3/18/20 at 3:04 pm to cokebottleag
Hell yes, all in for cheap gas prices!!
Posted on 3/18/20 at 3:07 pm to Oilfieldbiology
Yes, the claim is that if storage space runs out they will pay customers to take it. Sounds fricky but I guess it's possible.
Posted on 3/18/20 at 3:10 pm to Salmon
quote:
Both mine and my wife's businesses are getting completely fricked right now.
This is fine.
You are not alone.
Posted on 3/18/20 at 3:14 pm to junkfunky
Why would storage space run out? Am I missing something? Is global consumption falling off that much?
Posted on 3/18/20 at 3:16 pm to supatigah
No one is flying, no one is driving, shipping is down. People aren’t buying as much plastics yadda yadda yadda
Posted on 3/18/20 at 3:16 pm to supatigah
That is basically what the economist opinion was in the article.
He thinks demand could drop by 20 million barrels a day.
He thinks demand could drop by 20 million barrels a day.
Posted on 3/18/20 at 3:16 pm to upgrayedd
quote:It's a supply and demand thing. Depending on which hub that oil is coming from. It's not likely, but it's not some pie in the sky thing.
Jesus fricking Christ.
I hate the media so much.
Nat gas has traded negative out of the Waha hub multiple times in the past year. But that was also in part because people were willing to take the loss on gas knowing they'd make it up with the crude and ngls.
Posted on 3/18/20 at 3:17 pm to cokebottleag
Oil is dropping like a rock but the gas stations in Covington and Mandeville have been holding steady with their prices at $1.99 for the past three weeks while other areas are $0.20-0.30 cheaper.
Posted on 3/18/20 at 3:17 pm to cokebottleag
Saudis sticking the big dick up Russias arse.
Russia could be bankrupt in a few months, if they don't cry uncle.
Russia could be bankrupt in a few months, if they don't cry uncle.
Posted on 3/18/20 at 3:18 pm to Hamma1122
quote:
Keyboard tough guy
Meet me Sonic. but you gotta stay 6 feet away
Posted on 3/18/20 at 3:21 pm to cokebottleag
Energy Independent then POTUS will introduce new technologies
Posted on 3/18/20 at 3:21 pm to White Roach
quote:
But the price at the pump hasn't dropped a penny in 10 days.
It's dropping here in Atlanta
Posted on 3/18/20 at 3:25 pm to biggsc
quote:
Energy Independent then POTUS will introduce new technologies
Come again
Posted on 3/18/20 at 3:27 pm to cokebottleag
"peak oil"
Posted on 3/18/20 at 3:31 pm to cokebottleag
I was a production engineer for an operator before being laid off and we had to pay people to buy our natural gas in west Texas there was such an over supply
Page 3 of 6
Back to top
Follow TigerDroppings for LSU Football News