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1
Posted on 4/20/20 at 12:06 pm to notiger1997
When do I throw my stimulus check into oil?
Posted on 4/20/20 at 12:12 pm to cubsfan5150
Can I store 30K gallons in my pool? How many barrels is that? Will I get a letter from the HOA?
Posted on 4/20/20 at 12:14 pm to jimbeam
quote:
They said they’ll let it go negative if that happens
Then everyone will shut in for ninety days if they can under their leases. The moment the price gets postitive enough to cover LOE, they will produce again. There is going to be a cycle of downward pressure.
But I don't think it will last long. With no new drilling, the cruel decline curves of shale wells should hit within a year or so.
Long term, there is probably going to be some reservoir damage too.
Posted on 4/20/20 at 12:17 pm to wileyjones
We are going to get the shite taxed out of us in special sessions when this shite calms down.
I think all the state retirees pensions are guaranteed by the taxes from the citizens of LA.
JBE will make the Sheriff of Nottingham seem like an underachiever.
I think all the state retirees pensions are guaranteed by the taxes from the citizens of LA.
JBE will make the Sheriff of Nottingham seem like an underachiever.
Posted on 4/20/20 at 12:18 pm to MrLSU
How many times are you posting this idiocy? It isn’t nearly as funny as you think it is and makes you look idiotic.
Posted on 4/20/20 at 12:18 pm to Boring
quote:
Just want to post a Tweet I saw earlier that sums this up:
quote:
For all the clucking about how much money one makes shorting stocks, or rooting for bankruptcy or ridiculing proration ideas and those that have the balls to want change... there is somebody on the other end, with a family, now scared to death.
I wish everyone well during this time. Things really suck for a lot of people right now and don't show any signs of getting better.
As someone who worked in the oilfield, albeit in the office, and still roots for the industry, this has 2 sides. Oilfield folks don't give a shite about non-oilfield people when gas is $3-4 a gallon.
Posted on 4/20/20 at 12:18 pm to LSU alum wannabe
Somewhere between 70-80 barrels 
Can you fit the remaining 12k gallons in a couple bathtubs or something to fill your one contract?
Can you fit the remaining 12k gallons in a couple bathtubs or something to fill your one contract?
Posted on 4/20/20 at 12:21 pm to WPBTiger
Could add 50 cent tax to a gallon of gas and no one would notice.
Posted on 4/20/20 at 12:24 pm to ClampClampington
quote:
May futs expire tomorrow,
Lucky(?) i was born in September!!!!
Posted on 4/20/20 at 12:24 pm to notiger1997
quote:
Now would be a good time for Iran to sink a few Saudi ships or hit their refineries
Also, if you're in the glass/window replacement industry it's a good time to smash some windows.
Posted on 4/20/20 at 12:26 pm to ClampClampington
quote:
Somewhere between 70-80 barrels
Think you forgot to carry a number somewhere in your calculations.
This post was edited on 4/20/20 at 12:27 pm
Posted on 4/20/20 at 12:26 pm to WPBTiger
I just saw oil get down to $2.99 a barrel
Posted on 4/20/20 at 12:26 pm to soccerfüt
Posted on 4/20/20 at 12:27 pm to Mud_Till_May
Posted on 4/20/20 at 12:27 pm to Upperdecker
quote:
Planning to use my stimulus check
Congrats on being poor?
Posted on 4/20/20 at 12:28 pm to MrLSU
quote:
Cost of Production per Barrel of Oil:
US 36.20 vs Russia $17.20 and Saudi Arabia $9.90
You can’t really compare production costs for private sector companies like ExxonMobil to national oil companies like Saudi Aramco. The Saudis’ entire national budget is effectively additional overhead for Aramco, which they can’t sustain at $9.90/bbl (even if they are still “profitable” on paper).
It’s an apples-to-oranges comparison between national oil companies and international oil companies. In fact, you can’t even really compare between the national companies. For example, Norway made the decision decades ago to view oil incomes as a windfall. Instead of funding their social programs directly from oil revenues, they invested and now have the world’s largest sovereign wealth fund. This means that Equinor (formerly Statoil), Norway’s national oil company, doesn’t face the same pressures as Aramco or Rosneft when prices are low.
Posted on 4/20/20 at 12:28 pm to Walking the Earth
Yeah I completely misread that
Posted on 4/20/20 at 12:30 pm to ClampClampington
quote:
Somewhere between 70-80 barrels
you would make a horrific estimator
Posted on 4/20/20 at 12:30 pm to WPBTiger
Crazy question... Is there any way to pump Saudi's oil back down into our underground oil fields?
If so I'd be buying all I could get.
If so I'd be buying all I could get.
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