- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- 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
re: Update, May crude oil futures now down to under $12
Posted on 4/20/20 at 8:31 am to FLObserver
Posted on 4/20/20 at 8:31 am to FLObserver
quote:
If this keeps up soon to add alot medical personal that do not work in er's and many other types of people. So i'm not gonna pile on to the oil baw's because we all might be feeling the pain soon.
Yeah we've got ~20 million unemployed right now, unfortunately I think that number goes up unless we get this country back to work. Even then, not all of those jobs will come back and people are going to be hurting for a long time. Looking back on this whole Covid19 thing, I think we'll realize we made a grave miscalculation and went to the "nuclear option" way too fast.
Unfortunately, O&G just happens to be near the front of the line for layoffs. Nature of the industry I guess, but anyone laughing at this is an a-hole who needs to do some serious soul searching. I feel for any American who can't sleep at night because they lost their job and are worried about how they're going to feed their family - and right now there's ~20 million of them in that exact situation.
0
Posted on 4/20/20 at 8:36 am to 13SaintTiger
quote:
My point still stands
your point is dull as a butter knife. why did they shut down the huge wind farm in georgetown texas? ohh yea because it was costing twice as much as just buying energy the old fashioned way. 200 million of taxpayer money went into building that. all it did was kill birds
Posted on 4/20/20 at 8:45 am to Nado Jenkins83
quote:
your point is dull as a butter knife. why did they shut down the huge wind farm in georgetown texas? ohh yea because it was costing twice as much as just buying energy the old fashioned way. 200 million of taxpayer money went into building that. all it did was kill birds
Do some research into the solar plants out in Nevada that have closed down or never really got started.
Posted on 4/20/20 at 8:48 am to redstick13
im sure there are plenty. fact is i would be all for clean renewable energy. its just not there to compete price wise. electric motors are incredible as there are so few moving parts and they are so efficient.
the environmental aspect is also flawed as when we look into how batteries are made. that destroys mother earth mining for nickel
the environmental aspect is also flawed as when we look into how batteries are made. that destroys mother earth mining for nickel
Posted on 4/20/20 at 8:49 am to redstick13
but muh, Green New Deal.
Posted on 4/20/20 at 8:49 am to Nado Jenkins83
quote:
A $1 Billion Solar Plant Was Obsolete Before It Ever Went Online
SolarReserve’s Crescent Dunes received backing from Citigroup and the Obama Energy Department but couldn’t keep pace with technological advances.
LINK
Posted on 4/20/20 at 8:52 am to redstick13
buying votes of the hippies
i reached my limit for free on bloomburg.
i reached my limit for free on bloomburg.
Posted on 4/20/20 at 9:06 am to Ssubba
quote:
work for who knows how much longer, and not a beach open to drive to.
Jacksonville opened their beaches
Posted on 4/20/20 at 9:07 am to Tonio
This has to do with demand, not SA
Posted on 4/20/20 at 9:12 am to Nado Jenkins83
efficient at making oil, but incredibly inefficient at making money and investors have caught on. if not for this steep decline in oil prices, energy co's would have suffered from a lack of liquidity/investment in oil and gas
Posted on 4/20/20 at 9:14 am to Nado Jenkins83
Get rid of oil subsidies and subsidize the more expensive less efficient green energy!
Posted on 4/20/20 at 9:16 am to Errerrerrwere
Posted on 4/20/20 at 9:19 am to upgrayedd
SA slashing prices to asia last week didn't help
Posted on 4/20/20 at 9:20 am to CheesyF
quote:
efficient at making oil, but incredibly inefficient at making money and investors have caught on. if not for this steep decline in oil prices, energy co's would have suffered from a lack of liquidity/investment in oil and gas
you have no idea what you are talking about and are just spewing hateful nonsense. the O&G big boys in North America can and have survived recessions in the industry like this because their portfolio is faaar more diverse than just oil. trust me, if BP, Chevron, Shell, and Exxon go under - the rest of the country is already FUUUCKED. but please continue embarrassing yourself.
muh, truck nuts.
quote:
Get rid of oil subsidies and subsidize the more expensive less efficient green energy!
LOL @ you thinking the major energy companies in NA are going anywhere.
odds are the expensive solar panels and wind farms you are dreaming for in your progressive green utopia will have a Chevron logo slapped on them.
This post was edited on 4/20/20 at 9:26 am
Posted on 4/20/20 at 9:23 am to Oilfieldbiology
May expires tomorrow, longs can't take delivery with no storage to speak of. So yeah, front month rekt. That is a crazy carry from May to June. But market is already primarily trading off june, except for some poor souls who carried their May positions thru the weekend
This post was edited on 4/20/20 at 9:27 am
Posted on 4/20/20 at 9:30 am to Klark Kent
quote:
LOL @ you thinking the major energy companies in NA are going anywhere.
odds are the expensive solar panels and wind farms you are dreaming for in your progressive green utopia will have a Chevron logo slapped on them.
Check my post history and your sarcasm meter!
Posted on 4/20/20 at 9:32 am to ClampClampington
lots of laid off people won't be taking that summer vacation now (and that is if places even reopen) i think people traveling will be down for a long time because of this
Posted on 4/20/20 at 9:36 am to Errerrerrwere
my bad lol Posted on 4/20/20 at 9:37 am to Klark Kent
Posted on 4/20/20 at 9:41 am to Nado Jenkins83
quote:
i think people traveling will be down for a long time because of this
I'm gonna see so many places cheap in the next year.
Page 7 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News