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Message

re: Oil price has crashed

Posted on 3/8/20 at 8:38 pm to
Posted by CelticDog
Member since Apr 2015
42867 posts
Posted on 3/8/20 at 8:38 pm to
quote:

Gotta learn to code, Baws


free Python courses right now
Posted by VAvolfan
Member since Feb 2010
2368 posts
Posted on 3/8/20 at 8:42 pm to
quote:

You guys are falling for the broken window fallacy big time.



Have an upvote for the Hazlitt reference
Posted by LSUBadger
Member since Jan 2014
2238 posts
Posted on 3/8/20 at 8:44 pm to
Texas
Louisiana
Pennsylvania
The Dakotas
New Mexico
Oklahoma

All those and more impacted
Posted by udtiger
Over your left shoulder
Member since Nov 2006
117253 posts
Posted on 3/8/20 at 8:59 pm to
Russia will pull their head out of their arse an agree to a production cut
Posted by HoustonGumbeauxGuy
Member since Jul 2011
33751 posts
Posted on 3/8/20 at 9:19 pm to
I have plans to visit the crude triangle (port Arthur, Cushing, Midland) over the next 6 weeks going to various terminals to train them on some new software. Gonna be awkward as frick.

Posted by Cosmo
glassman's guest house
Member since Oct 2003
132672 posts
Posted on 3/8/20 at 9:24 pm to
Great buying opportunity for crude oil ETF tomorrow
Posted by HoustonGumbeauxGuy
Member since Jul 2011
33751 posts
Posted on 3/8/20 at 9:27 pm to
There are several companies whose stock is gonna drop bigtime.

I can’t buy for the client I’m on for obvious reasons but there are plenty of others.

Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 3/8/20 at 9:28 pm to
quote:

Russia will pull their head out of their arse an agree to a production cut




Not going to happen and they would be dumb to do so.

Everytime someone cuts to prop up prices production gets raised elsewhere re USA, it is a circle they have to break.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
30079 posts
Posted on 3/8/20 at 9:48 pm to
Louisiana because budget is set at 65 dollars and here we are with potentially sub 30 oil. Louisiana government is going to need a huge tax increase to keep the lights on.

Time to move to Florida or Texas
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
151584 posts
Posted on 3/8/20 at 9:55 pm to
Both HAL and SLB took a nice dive
Posted by 6R12
Louisiana
Member since Feb 2005
12277 posts
Posted on 3/8/20 at 10:41 pm to
quote:

Gotta learn to code, Baws


Not so fast:
Get some dirt, dig a hole, put the seed in there, put dirt on top. Mini Mike is holding classes, it can't be that hard.
Posted by nerd guy
Grapevine
Member since Dec 2008
13847 posts
Posted on 3/8/20 at 10:43 pm to
quote:

Time to move to Florida or Texas


High oil..... Low oil.... No oil.. this has been true for years.
Posted by lsugradman
Member since Sep 2003
9014 posts
Posted on 3/8/20 at 11:05 pm to
I work in Upstream O&G in Louisiana.2 degrees from LSU. Zero trucknuts. Good decent hard working people are going to be affected by this.

But please go ahead with the celebration.
Posted by Tiger Prawn
Member since Dec 2016
26339 posts
Posted on 3/8/20 at 11:11 pm to
quote:

Louisiana because budget is set at 65 dollars and here we are with potentially sub 30 oil.
As usual, our government is years behind on working to diversify our economy to not be as dependent on oil. We reap what we sow
Posted by choupiquesushi
yaton rouge
Member since Jun 2006
35694 posts
Posted on 3/8/20 at 11:15 pm to
quote:


Maybe Louisiana can finally stop being a banana republic for the oil and gas industry. It'll hurt for while, but Louisiana will be better for it in the long run.


Not gonna happen state is burdened with too many takers and not enough makers
Posted by choupiquesushi
yaton rouge
Member since Jun 2006
35694 posts
Posted on 3/8/20 at 11:17 pm to
quote:

quote:
The only thing more ridiculous than the state being so married to it, is the wealth squandered by the state during the good years


How many f350s and truck nuts is the state buying?
the state blew more than its fair share
Posted by tiger91
In my own little world
Member since Nov 2005
40259 posts
Posted on 3/8/20 at 11:24 pm to
Holy shite
Posted by Anaximander
3524 Third St New Orleans, LA
Member since Jun 2018
3412 posts
Posted on 3/8/20 at 11:30 pm to
Below 28 and wholesale unleaded getting close to a dollar.
Posted by Boring
Member since Feb 2019
3792 posts
Posted on 3/8/20 at 11:33 pm to
Low of 27.34 so far

Most recent low was 26.xx back in February 2016, so we ain't far off. Considering suicide atm, not gonna lie.
Posted by BRgetthenet
Member since Oct 2011
118271 posts
Posted on 3/8/20 at 11:34 pm to
Don’t do it.

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