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Started By
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re: Anyone check the price of oil lately? Low $60's and falling. It's almost too low.
Posted on 4/5/25 at 12:54 pm to Riverside
Posted on 4/5/25 at 12:54 pm to Riverside
quote:I know for sure I’m calling bs on this one. Turnarounds and feed stock availability are the only things keeping the real players from running balls deep
I know for a fact that the refineries in Louisiana have been running at well under capacity since COVID.
0
Posted on 4/5/25 at 1:16 pm to BeepBopBoop
quote:
Oh no, now whining that gas will be too cheap!
Is there anything you pricks won’t whine about?
I'm not complaining. It's just not too good for the Gulf Coast if it drops any more.
Posted on 4/5/25 at 1:17 pm to loogaroo
quote:
It needs to stop dropping. This is low enough.
It might help mitigate tariff inflation which
And I'm not a conspiracy theorist but I wouldn't be surprised if the OPEC+ nations are colluding with us on this effort at this point
Posted on 4/5/25 at 1:20 pm to SlowFlowPro
quote:
My comment specifically had nothing to do with Trump. Move along.
His comment only referenced Trump's first term as a time frame. The substance was the booming oilfield amidst low oil prices. Try to keep up.
Posted on 4/5/25 at 1:28 pm to shinerfan
Billy Bob Thornton told me it's all good as long as it's between $65 and $90 a barrel.
This post was edited on 4/5/25 at 1:29 pm
Posted on 4/5/25 at 1:45 pm to Riverside
quote:
I know for a fact that the refineries in Louisiana have been running at well under capacity since COVID. They can bring additional refining capacity onlin
I know for a fact the 2 largest are running to max crude rates.
Posted on 4/5/25 at 2:20 pm to DaBike
drop in demand lowers prices more than an increase in production. Hopefully we use this cheap oil to restock our strategic reserves after Biden drew them down for short term political gain
Posted on 4/5/25 at 2:22 pm to FLTech
quote:
Almost too low lol damn, you people will find the dumbest and lamest shite to bitch about
Tigerdroppings is Louisiana people at its core, many of whom work in or have customers in the O&G biz. Saving $10 at the pump obviously isn’t going to excite them
Regardless, oil price has never been fully controlled by the free market. The recent drop was in large part because OPEC said they wouldn’t curtail production.
Posted on 4/5/25 at 2:28 pm to Riverside
Also imported eggs to fill the gap while domestic flocks get rebuilt
Trump leads. Biden did whatever his handlers told him to do
Trump leads. Biden did whatever his handlers told him to do
Posted on 4/5/25 at 3:24 pm to hansenthered1
quote:
drop in demand lowers prices more than an increase in production. Hopefully we use this cheap oil to restock our strategic reserves after Biden drew them down for short term political gain
It would be a good idea to restock the reserves at these prices.
Posted on 4/5/25 at 3:32 pm to loogaroo
Oil keeps dropping, but gas has gone up 30 cents in a few weeks.
Posted on 4/5/25 at 3:35 pm to loogaroo
“Gas is so low, there’s no excuse to not torch a Tesla!”
- batchit crazy lefties
- batchit crazy lefties
Posted on 4/5/25 at 3:42 pm to loogaroo
Just paid $4.10. This is in Commie WA. State. They want to add another 9 cent gal tax in the latest budget. We are soon going to be Calif fuel prices.
Posted on 4/6/25 at 9:21 am to RogerTheShrubber
quote:
quote: Luckily our refineries have a ton of excess capacity.quote:
Oh dear lord, another rube 5 minutes on google will save you some embarassment.
Here's some googling for you:
quote:
Are US refineries running at full capacity?
US Utilization of Refinery Capacity is at 86.00%, compared to 87.00% last week and 88.70% last year. This is lower than the long term average of 89.63%.
LINK
And did you know, we can sell crude oil, unrefined (~ 4M barrels per day...)?
LINK
Are you even capable of embarrassment, or acknowledging you are wrong?
Posted on 4/6/25 at 9:23 am to MidWestGuy
quote:\
LINK
And did you know, we can sell crude oil, unrefined
Yes.
But youre trying to change the conversation.
Posted on 4/6/25 at 9:24 am to RogerTheShrubber
quote:
POTUS dont control oil prices.
Haha.
Posted on 4/6/25 at 9:29 am to Powerman
quote:
And I'm not a conspiracy theorist but I wouldn't be surprised if the OPEC+ nations are colluding with us on this effort at this point
If by "colluding" you mean Trump calling Mohamad Bin Salam and saying, "hey buddy, can you open the spigots a little more". You are correct.
LINK
It takes a minute in the article but they finally get to the real reason Saudi Arabia upped oil production.
quote:
Some sources inside the producers' group said the Thursday decision was driven by much wider geopolitical reasons than just a desire to punish cheaters.
Announced on the same day with U.S. tariffs, the oil hike decision might help Saudi Arabia and Russia to foster relations with U.S. President Donald Trump.
Trump has been calling for lower oil prices just as tariffs are expected to accelerate inflation. He also wants to cut Iranian oil exports to zero to accelerate talks over Tehran's nuclear programme.
Posted on 4/6/25 at 9:32 am to RogerTheShrubber
Policy can and does affect pricing
Posted on 4/6/25 at 10:16 am to loogaroo
around 45$ is when the drillers get nervous.....so, yes, we are getting close.
Posted on 4/6/25 at 10:42 am to RogerTheShrubber
quote:
Yes.
But youre trying to change the conversation.
Your game is getting tiring. Never any data or links from you, just goal post moving. Speaking of moving, I'm moving on. You can talk to the mirror from now on.
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