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Started By
Message
re: Oil hits $40
Posted on 3/9/16 at 6:31 am to tigerpimpbot
Posted on 3/9/16 at 6:31 am to tigerpimpbot
It's the US production that has caused this. The Saudi's aren't going to cut back for our sakes.
1
Posted on 3/9/16 at 6:33 am to JJBTiger2012
quote:
When Shell starts pulling on the rains in the GOM
Is Shell doing rain dances?
Posted on 3/9/16 at 6:33 am to redstick13
Yeah we're the ones fracking any well we could get our hands on
Posted on 3/9/16 at 6:50 am to Jim Rockford
From hamburger helper to filet mignon, we gon be eating good, baws!
Posted on 3/9/16 at 6:51 am to hg
Hey honey,
We gone to Go-den Corral!!
We gone to Go-den Corral!!
Posted on 3/9/16 at 6:53 am to Jim Rockford
here we come baws
Posted on 3/9/16 at 6:56 am to thegreatboudini
quote:
baws
Hilarious! I hope funny posters keep using this and making us all laugh!
Posted on 3/9/16 at 6:58 am to JJBTiger2012
We've had a few competitors drop out which has helped us through the downturn but when it does come back it's gonna be insane without those guys around.
Posted on 3/9/16 at 7:06 am to Jim Rockford
quote:
Oil hits $40
F**k I was enjoying <$5/gal gas in the caribbean.
Posted on 3/9/16 at 7:17 am to slackster
quote:
If you're on the drilling side, $25 and $40 are basically the same for all intents and purposes.
It obviously still hurts at 40, but I've seen projects that were green lit when oil was close to 40 suddenly get pulled when we dipped below 30.
Posted on 3/9/16 at 7:18 am to Jim Rockford
quote:
ust dodge those repo men and little bit longer, baws. Maybe you'll get to keep your F250 after all.
How original. Gfy
Posted on 3/9/16 at 7:19 am to yellowfin
I think new wells getting kicked on may drop us back to $30, but I can't see it going to $25 again.
Posted on 3/9/16 at 7:21 am to tigerpimpbot
Thoughts on the price needed where everybody's happy?
Per barrel and gallon?
$2.00-$2.25 a gallon seems like an ok price to my ignorant arse.
A buddy of mine who is in oil and gas said about $2.50 a gallon or (he named a price I forgot) per barrel. Is sufficient. For all to wet their beak but not be to greedy.
What says the truck nuts crowd. And since this is The OT, what says all the guys on here who cut the checks to the truck nuts baws?
Per barrel and gallon?
$2.00-$2.25 a gallon seems like an ok price to my ignorant arse.
A buddy of mine who is in oil and gas said about $2.50 a gallon or (he named a price I forgot) per barrel. Is sufficient. For all to wet their beak but not be to greedy.
What says the truck nuts crowd. And since this is The OT, what says all the guys on here who cut the checks to the truck nuts baws?
Posted on 3/9/16 at 7:24 am to LSU alum wannabe
It's not that simple. Different fields require different prices to break even. For the US they generally need north of $50 per bbl.
Posted on 3/9/16 at 7:24 am to Jim Rockford
quote:
Just dodge those repo men and little bit longer, baws. Maybe you'll get to keep your F250 after all.
You sound like someone with tiny dick issues who can't afford an F-250 to compensate.
Posted on 3/9/16 at 7:26 am to LSU alum wannabe
For ultra Deepwater dynamically positioned drillships the operators need oil at 60 or 65, this is just an educated guess.
Posted on 3/9/16 at 7:26 am to LSU alum wannabe
quote:
$2.00-$2.25 a gallon seems like an ok price to my ignorant arse.
That's around the happy medium. Still pretty easily affordable, yet people stay employed.
Posted on 3/9/16 at 7:29 am to redstick13
quote:
It's not that simple. Different fields require different prices to break even. For the US they generally need north
So that puts gas at 2.50-2.75 I guess?
And the price could be that simple IF we weren't so dependent on it. If milk fluctuated 2 dollars a gallon all the time, people would stop buying milk and cheese. Or many other products, if the price spikes as oil and gas does people stop buying. We do not have that luxury with gas.
Posted on 3/9/16 at 7:31 am to LSU alum wannabe
The price at the pump is ultimately determined by the gas station owners. It is dependent on oil prices but not exclusively.
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