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Posted on 4/20/20 at 1:16 pm to dukke v
quote:
Ok you just watch once the economy is back to what ever normal will be. Once that happens there will be tons more people on the road compared to now. It won't take long at all to use up those reserves.
quote:
dukke v
Posted on 4/20/20 at 1:17 pm to tgrbaitn08
Tell me why not........ I don't think you understand how much oil is consumed everyday in this country.
Posted on 4/20/20 at 1:17 pm to dukke v
(no message)
This post was edited on 10/18/21 at 4:51 pm
Posted on 4/20/20 at 1:17 pm to dukke v
quote:
Ok you just watch once the economy is back to what ever normal will be. Once that happens there will be tons more people on the road compared to now. It won't take long at all to use up those reserves.
So you think that, by July, the economy will have not only bounced back but also expanded to the point that gasoline demand far-exceeds per-COVID levels?
Posted on 4/20/20 at 1:17 pm to dukke v
quote:
By July 4th we will be paying $4 a gallon for gas......
If you believe that you can set up your family for generations with a very minimal investment.
Posted on 4/20/20 at 1:18 pm to dukke v
quote:
Ok you just watch once the economy is back to what ever normal will be. Once that happens there will be tons more people on the road compared to now. It won't take long at all to use up those reserves.
So, you think demand is just going to double?
Posted on 4/20/20 at 1:18 pm to MAUCKjersey1
quote:
-$1.43 now
I’ll take 1 trillion barrels plz
Posted on 4/20/20 at 1:18 pm to dukke v
quote:
I don't think you understand how much oil is consumed everyday in this country.
I don’t think you understand how much over supply of oil the world has.
This post was edited on 4/20/20 at 1:19 pm
Posted on 4/20/20 at 1:19 pm to Ed Osteen
What is a the current price of WTI June contracts? That’s more relevant
Posted on 4/20/20 at 1:19 pm to dukke v
This is your shtick. You go and post something and if the opposite happens you somehow think your legend status continues. Everyone is tired of it.
Posted on 4/20/20 at 1:19 pm to dukke v
You can’t just turn off the supply and wait for everyone to catch up. It doesn’t work like that
Posted on 4/20/20 at 1:19 pm to Tyga Woods
quote:
I’ll take 1 trillion barrels plz
"Just put 'em out back"
Posted on 4/20/20 at 1:19 pm to tgrbaitn08
(no message)
This post was edited on 10/18/21 at 4:51 pm
Posted on 4/20/20 at 1:19 pm to TexasTiger1984
Around 21-22 but falling
Posted on 4/20/20 at 1:20 pm to dukke v
quote:
dukke v
Posted on 4/20/20 at 1:20 pm to lostinbr
Ok.... Let me rephrase. At the point we are back to normal (no matter the date). The oil companies are gonna want to get theirs after what they are losing now.
Posted on 4/20/20 at 1:20 pm to dukke v
quote:The complete shutdown that you are so adamantly in favor of has resulted in 20 million+ unemployed and a likely loss of millions of jobs permanently.
Tell me why not.
Decreased workers = decreased spending = decreased drivers = decreased oil use
Simplistic view of the overall situation.
Not to mention how overfull we are on oil.
This oil fall came at the absolute worst time when you consider the moronic stance we took with our entire economy.
This post was edited on 4/20/20 at 1:22 pm
Posted on 4/20/20 at 1:20 pm to TexasTiger1984
quote:
What is a the current price of WTI June contracts? That’s more relevant
I would expect it to be diluted depending on how many were able to roll over May. I don't see demand going up much in June.
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