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re: Oil is up nearly 70% since the election, a record in the modern era
Posted on 2/27/21 at 9:50 pm to fatboydave
Posted on 2/27/21 at 9:50 pm to fatboydave
It’s a good thing we got those checks for 2k we were promised.
0
Posted on 2/27/21 at 9:51 pm to fatboydave
Nothing means anything anymore. This used to be an A1 metric all eyes looked at all day everyday.
If it doesn't fit the narrative, you don't hear about it anymore.
If it doesn't fit the narrative, you don't hear about it anymore.
Posted on 2/27/21 at 10:02 pm to imjustafatkid
Gotta put that spin on it, and you know those dumb cucks that vote democrat will believe it even though the rise directly parallels when Biden won.
Posted on 2/27/21 at 10:05 pm to fatboydave
Where are the dipshits who say the President and his policies have zero effect on oil prices?
Posted on 2/27/21 at 10:15 pm to DMAN1968
TRUCK NUTS (ON) OFF
no?
no?
Posted on 2/27/21 at 11:41 pm to armsdealer
quote:
TRUCK NUTS (ON) OFF
no?
Oh, my truck is about to have nuts...
Cause it's about to cost mine, in order to drive the damn thing. Seriously, I might have to sell them to fat women as a giggolo or even hit up the sperm banks to drive my truck on vacation this year.
And I drive a new Tacoma, which gets decent gas mileage compared to some of you baws with your lifted extended cab Rams rolling on 34s.
Posted on 2/28/21 at 12:51 am to fatboydave
Meh, an older friend began to set himself up to breakeven two years ago for $24/Bbl. Last March he began buying oilfields for CASH. Not his first rodeo. For instance, Marathon's stake in a Libyan oilfield which never missed a beat, was offered to him in 2014. He declined
Point being the only people really hurt were those highly leveraged which means many oil companies.
Point being the only people really hurt were those highly leveraged which means many oil companies.
Posted on 2/28/21 at 12:54 am to Zahrim
quote:
Valero is cutting production this week. you have been forewarned, gas prices gona jump hard and supply gona drop
Since it doesn't own any oilfields, you must mean its refining capacity.
Meanwhile a new refinery was built in Galveston last year. Small at 50,000 BPD but still
Posted on 2/28/21 at 2:38 am to CitizenK
quote:
Meanwhile a new refinery was built in Galveston last year. Small at 50,000 BPD but still
Meanwhile, hundreds got pink slips at Shell Convent this year. Taking out over 200k bpd refining capacity in the gulf region, small, but still...
Posted on 2/28/21 at 7:16 am to Capt ST
While true, watch and see even in the Biden years what happens
Posted on 2/28/21 at 7:20 am to imjustafatkid
quote:
Rather, they underscore a growing sense that the worst of the deadly pandemic is in the rearview mirror -- and the US economy is poised to roar back to life
Delusion is a major factor in mental illness. Unfricking Believable.
Forcing people out of work and causing prices to rise in fuel cost is not recovery.
This post was edited on 2/28/21 at 7:31 am
Posted on 2/28/21 at 7:36 am to Capt ST
quote:
Meanwhile, hundreds got pink slips at Shell Convent this year. Taking out over 200k bpd refining capacity in the gulf region, small, but still...
that is as much about Shell no longer being a great company as it once was, in production and refining, than anything else.
FWIW, Shell is the only oil company support the Red Rock venture in Lakeview, WA in a wood to fuels plant. The really funny thing about this, the plant is using GTL reactors from Velocys. Velocys has never had a successful installation of its microchannel GTL reactors. A once dominant small refining EPC firm, Ventech, went belly up by hitching itself to Velocys, a UK based company backed by a Russian Oligarch.
Posted on 2/28/21 at 7:45 am to fatboydave
$150 oil please. Pretty pleas
Posted on 2/28/21 at 10:56 am to fatboydave
quote:What is the right price for oil? Last spring, Trump was campaigning HARD for higher prices - including getting involved in Russian/Saudi disputes to make it be so. So I guess we know for science sure that those prices were too low, right? When did they cross over to being too high? The board seems to know EXACTLY what the correct presidentially-influenced price is, so they should just come out and say it. I'm going to guess $45.78...amirite?
Oil is up nearly 70% since the election, a record in the modern era
Posted on 2/28/21 at 11:01 am to CitizenK
I wonder tho, what the “happy medium” price point is for oil and gas dependent economies like Texas and Louisiana?
Posted on 2/28/21 at 11:02 am to SlickRick55
quote:Somewhere between $-37 and $63, apparently. I'm waiting for the answer too.
I wonder tho, what the “happy medium” price point is for oil and gas dependent economies like Texas and Louisiana?
Posted on 2/28/21 at 12:13 pm to fatboydave
quote:
Oil is up nearly 70% since the election, a record in the modern era
Have you checked ammo prices since the election?
Posted on 2/28/21 at 2:33 pm to Big Scrub TX
When it dropped below $80 in 2014 a great many PhD Chemists were laid off from research projects as well as chemical plant construction died from lack of funds due oil and oil service companies plow profits into developing such things.
That last thing that a friend who was one of those research scientists did was make the first ever single wall carbon nanotube wire. Small high profit chemical plants for new processes also declared bankruptcy before being completed
That last thing that a friend who was one of those research scientists did was make the first ever single wall carbon nanotube wire. Small high profit chemical plants for new processes also declared bankruptcy before being completed
Posted on 2/28/21 at 2:41 pm to fatboydave
The Gaslight Media was reporting last week the price of gasoline was rising because EO Joe's policies were increasing economic activity therefore the demand for gasoline and price is bound to rise. 
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