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Oil plunges 5 percent as Saudis vow to produce as much as they can

Posted on 10/23/18 at 1:34 pm
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
39737 posts
Posted on 10/23/18 at 1:34 pm
LINK

quote:

Oil fell to the lowest level since August after Saudi Arabia pledged to meet any supply shortfall that materializes from Iranian sanctions and as tumbling equities weakened sentiment.

Futures slid as much as 5.2 percent in New York. Saudi Arabia, the world’s biggest oil exporter, has boosted production to 10.7 million barrels a day and is nearing an all-time high. Saudi Energy Minister Khalid Al-Falih said OPEC and its allies are in “produce as much as you can mode."
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 10/23/18 at 1:35 pm to
Celebrate!
Posted by Klark Kent
Houston via BR
Member since Jan 2008
75919 posts
Posted on 10/23/18 at 1:36 pm to
insert "truck nuts" joke here.
Posted by SeeeeK
some where
Member since Sep 2012
30763 posts
Posted on 10/23/18 at 1:37 pm to
truck nuts going from steel, back to rubber
Posted by LSUDAN1
Member since Oct 2010
11434 posts
Posted on 10/23/18 at 1:38 pm to
One nut just fell off from back of my truck.
Posted by RedRifle
Austin/NO
Member since Dec 2013
8335 posts
Posted on 10/23/18 at 1:38 pm to
I Love Trump's agenda but I work in O&G and have a F150 Platinum note to pay:

Posted by The Torch
DFW The Dub
Member since Aug 2014
30418 posts
Posted on 10/23/18 at 1:39 pm to
West Texas says screw the Saudis
Posted by Thias2685
Member since Sep 2012
2706 posts
Posted on 10/23/18 at 1:40 pm to
quote:

Celebrate!


Celebrate what?
Posted by Sidicous
NELA
Member since Aug 2015
19296 posts
Posted on 10/23/18 at 1:42 pm to
quote:

West Texas says we havin' a production race with the Saudis, trying to lap them now.
fify
Posted by AtlantaLSUfan
Baton Rouge
Member since Mar 2009
27523 posts
Posted on 10/23/18 at 1:43 pm to
Thanks for posting. I dont watch news anymore. Good to know a break at the pump is ahead.
Posted by tigerinthebueche
Member since Oct 2010
38225 posts
Posted on 10/23/18 at 1:44 pm to
quote:

West Texas says screw the Saudis



this. Those sorry frickers are sucking hind tit.



when they're not dismembering Turkish reporters.
Posted by Thias2685
Member since Sep 2012
2706 posts
Posted on 10/23/18 at 1:46 pm to
quote:

I Love Trump's agenda but I work in O&G


You loved his agenda when it was having a negative impact on the jobs of others but only when it starts to negatively affect YOUR job is when you'll draw the line.
Posted by Pax Regis
Alabama
Member since Sep 2007
15382 posts
Posted on 10/23/18 at 1:47 pm to
Truck Nuts on [off]
Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
50925 posts
Posted on 10/23/18 at 1:48 pm to
Posted by tigerinthebueche
Member since Oct 2010
38225 posts
Posted on 10/23/18 at 1:49 pm to
quote:

You loved his agenda when it was having a negative impact on the jobs of others but only when it starts to negatively affect YOUR job is when you'll draw the line.



IOW, he's motivated by his own self interests?

unfrickingbelieveable!!!!!!!!!!!!!!!!!!!!
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
141085 posts
Posted on 10/23/18 at 1:49 pm to
Good, gouging has been going on for too long.
Posted by Thias2685
Member since Sep 2012
2706 posts
Posted on 10/23/18 at 1:51 pm to
quote:

IOW, he's motivated by his own self interests?

unfrickingbelieveable!!!!!!!!!!!!!!!!!!!!




Posted by PhilipMarlowe
Member since Mar 2013
22071 posts
Posted on 10/23/18 at 1:53 pm to
quote:

I Love Trump's agenda


lol
Posted by Klark Kent
Houston via BR
Member since Jan 2008
75919 posts
Posted on 10/23/18 at 1:53 pm to
your sarcasm meter is busted. you should order a new one on Amazon
Posted by TigersHuskers
Nebraska
Member since Oct 2014
15523 posts
Posted on 10/23/18 at 1:54 pm to
frick
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