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re: When will oil come back?

Posted on 5/3/17 at 2:06 pm to
Posted by Jim Rockford
Member since May 2011
104294 posts
Posted on 5/3/17 at 2:06 pm to
If Kim Jong Un sends a submarine to hang around in the Straits of Malacca, it might get interesting for a few days.
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
40553 posts
Posted on 5/3/17 at 2:07 pm to
We've gotten busy again the last 4 months.

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295687 posts
Posted on 5/3/17 at 2:07 pm to
quote:

Saudi's just said they're ok with current prices, IIRC



They're also going to diversify their economy. Or so they say
Posted by Ed Osteen
Member since Oct 2007
58834 posts
Posted on 5/3/17 at 2:07 pm to
if only it was that easy
Posted by Halftrack
The Wild Blue Yonder
Member since Apr 2015
2763 posts
Posted on 5/3/17 at 2:08 pm to
Trump's bringing coal back. He basically said Frick Oil.
Posted by OweO
Plaquemine, La
Member since Sep 2009
120046 posts
Posted on 5/3/17 at 2:09 pm to
quote:

If Kim Jong Un sends a submarine to hang around in the Straits of Malacca, it might get interesting for a few days.





He doesn't have anything that can get past the yellow sea without it blowing up first.
Posted by GreatLakesTiger24
Member since May 2012
58910 posts
Posted on 5/3/17 at 2:10 pm to
I would gladly pay a few more dollars at the pump so people won't lose their jobs.

Can't believe so many cheer for cheaper gas knowing folks will get laid off.

Am I doing this thread right?
Posted by Bob Sacamano
Houston, TX
Member since Oct 2008
5294 posts
Posted on 5/3/17 at 2:10 pm to
Sitting by my oil traders right now.


They say not any time soon. But they see a potential increase slowly by the end of the year. $100 oil is gone for a long time.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69286 posts
Posted on 5/3/17 at 2:11 pm to
The only way for prices to go up is:
A. Demand goes up, or
B. Supply goes down

Demand will gradually increase as developing countries like China and India start buying more cars and driving more. American cars becoming more fuel efficient has reduced our demand for fuel.

Technology has located and unleashed more oil than we ever knew existed. Barring a war in the middle east which shuts down the flow of oil between the gulf states and Europe, the glut of oil is largely here to stay until demand catches back up.
Posted by GreatLakesTiger24
Member since May 2012
58910 posts
Posted on 5/3/17 at 2:13 pm to
quote:

The only way for prices to go up is:
A. Demand goes up, or
B. Supply goes down

you must know a lot abount economics
Posted by fareplay
Member since Nov 2012
6291 posts
Posted on 5/3/17 at 2:14 pm to
These baws need to support the oil baws when economy is down. We run this when oil gets back
Posted by sloopy
Member since Aug 2009
6902 posts
Posted on 5/3/17 at 2:19 pm to
Hopefully soon, I'll be looking for an HSE gig next summer.
Posted by GreatLakesTiger24
Member since May 2012
58910 posts
Posted on 5/3/17 at 2:20 pm to
quote:

These baws need to support the oil baws when economy is down
hard pass
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138072 posts
Posted on 5/3/17 at 2:21 pm to
quote:

They're also going to diversify their economy. Or so they say


Posted by Fusaichi Pegasus
Meh He Co
Member since Oct 2010
14684 posts
Posted on 5/3/17 at 2:23 pm to
quote:

40$ an hour

is this decent?
Posted by crewdepoo
Hogwarts
Member since Jan 2015
10882 posts
Posted on 5/3/17 at 2:25 pm to
As soon as we bomb North Korea
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68469 posts
Posted on 5/3/17 at 2:25 pm to
quote:

My towns economy pretty much is dependent on it coming back


Not our problem. Move.
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
70161 posts
Posted on 5/3/17 at 2:26 pm to
quote:

Oil baws can live without your services

You can't live without ours




Do you also like higher prices for every good? You know, like the things you dont need like food?
Posted by amo3822
Member since Sep 2015
335 posts
Posted on 5/3/17 at 2:27 pm to
quote:

I want it to be 120 a barrel again



why? so it can hit rock bottom shortly after again?

i'll take 75$ a barrel
Posted by OweO
Plaquemine, La
Member since Sep 2009
120046 posts
Posted on 5/3/17 at 2:29 pm to
quote:

The only way for prices to go up is:
A. Demand goes up, or
B. Supply goes down


What Ivy league school do you have a degree from?
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