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Started By
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re: Oil prices record steepest annual fall since Covid pandemic
Posted on 1/2/26 at 8:06 am to kywildcatfanone
Posted on 1/2/26 at 8:06 am to kywildcatfanone
quote:
Gas should be no more than $2 gallon.
Last time the national monthly average was $2/gallon or less was May 2020 at $1.87/gallon. WTI was $28.56/bbl and Brent was $29.38/bbl. Drilling in the United States came to a grind, because no, "bank" is not being made at less than $2/gallon.
2
Posted on 1/2/26 at 8:13 am to ragincajun03
Every public oil company is buying back shares right now.
Posted on 1/2/26 at 8:14 am to ragincajun03
We’re idiots if we don’t refill the SPR with these low prices. Support demand, and get the oil cheap:
But, our government officials are actual idiots so this opportunity will pass right by and we may put 50,000 barrels in the Reserve.
But, our government officials are actual idiots so this opportunity will pass right by and we may put 50,000 barrels in the Reserve.
Posted on 1/2/26 at 8:43 am to 2 Jugs
quote:
42 gallon barrel of oil yields at optimum, 20 gallons of gasoline, 9 gallons of diesel and 4 gallons of jet fuel/kerosene, et al. Use the correct numbers for your argument.
He is using a simplification. Ok so using a more detail yield you’d get slightly more for diesel/jet but way less for LPG and resid/coke layers. It all averages out on a product value basis to gasoline
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