- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
1
Posted on 4/20/20 at 1:03 pm to Boring
This is unbelievable. Never thought I would see this happen.
Posted on 4/20/20 at 1:04 pm to redstick13
(no message)
This post was edited on 10/22/20 at 7:49 pm
Posted on 4/20/20 at 1:05 pm to castorinho
We have to start a war, ASAP
Posted on 4/20/20 at 1:05 pm to Tyga Woods
quote:
Grab lunch at Chick Fil A or buy 900 barrels of oil
It's about to go negative. You won't need to pay for it since they will be giving it away.
Posted on 4/20/20 at 1:05 pm to Oilfieldbiology
quote:
I never disagreed. Yeah the saudis fricked themselves when they let oil get to where shale was profitable. Now tons of shale fields have infrastructure in place to be profitable at MUCH lower numbers than before. I am extremely curious to see what happens moving forward
That all depends on how many oil field service companies are left after all of this.
Posted on 4/20/20 at 1:06 pm to Tyga Woods
quote:
We have to start a war, ASAP
Posted on 4/20/20 at 1:06 pm to kjp811
quote:
“The collapse...is mostly a reflection of traders rolling contracts to June as no one wants to take delivery because storage capacity is getting close to being reached,” said Edward Moya, senior market analyst at Oanda, in a note.
The June contract CLM20, -10.87% , which is the most actively traded, was down $2.82, or 11.2%, at $22.24 a barrel.
Posted on 4/20/20 at 1:07 pm to kjp811
(no message)
This post was edited on 10/22/20 at 7:49 pm
Posted on 4/20/20 at 1:07 pm to Tyga Woods
quote:
We have to start a war, ASAP
This issue was created entirely by the US. A war is not going to help much.
Posted on 4/20/20 at 1:07 pm to Oilfieldbiology
quote:
I never disagreed. Yeah the saudis fricked themselves when they let oil get to where shale was profitable. Now tons of shale fields have infrastructure in place to be profitable at MUCH lower numbers than before. I am extremely curious to see what happens moving forward
Assuming we recover a lot of the lost demand the shale oil guys are hosed regardless. There isn't going to be much of an export market for the high 50+ gravity stuff when Saudi can take the Asian market back as they have done. The refineries here won't take it much either. There will be no capital left for shale oil players and the only guys left will be majors and extremely small independents with no debt who hang on and survive on conventional wells. The Permian will be a small portion of the majors portfolios held for times where price spikes able $50 occur.
Posted on 4/20/20 at 1:07 pm to Oilfieldbiology
quote:
Probably just 2 in the immediate aftermath. Halliburton and Schlumberger.
Baker is more likely to survive than Halliburton.
Posted on 4/20/20 at 1:07 pm to redstick13
Day low on WTI $.90 
Posted on 4/20/20 at 1:08 pm to kjp811
quote:
That all depends on how many oil field service companies are left after all of this.
I’m not sure it matters as long as they don’t start stripping pump trucks for parts. Someone will still own the assets.
ETA: The big OFS companies are international anyway. They will survive as long as demand comes back. It’s just a question of where they do business moving forward.
This post was edited on 4/20/20 at 1:10 pm
Posted on 4/20/20 at 1:08 pm to ClampClampington
quote:
Can you fit the remaining 12k gallons in a couple bathtubs or something to fill your one contract?
Can get neighbors involved?
Posted on 4/20/20 at 1:09 pm to TheIndulger
Just found a few hundred barrels of crude in my couch cushions.
Posted on 4/20/20 at 1:09 pm to redstick13
SLB $15/sh and in the green today.
Posted on 4/20/20 at 1:10 pm to LSU alum wannabe
Will they fill my swimming pool with oil for free now?
Posted on 4/20/20 at 1:10 pm to dbeck
.10 cents a barrel. You can trade some double bubble for a barrel of oil.
Posted on 4/20/20 at 1:10 pm to redstick13
quote:
This issue was created entirely by the US
What?
Page 8 of 19
Popular
Back to top
Follow TigerDroppings for LSU Football News