I'm thinking we'll be having higher prices on oil this winter. Maybe even pushing the $150 or closer to it. Who knows these days.
- Thread starter BullGear
- Start date
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I think the big question is what comes first - a crushing economic collapse, or the US runs the SPR dry?
It would not surprise me to see the price hit $200 and $50 in the next 12 months. It'd take the right combination of policy errors by politicians and bankers, but they've pulled it off before (once again, I implore everyone to go study the 2006-'09 peak-and-crash cycle).
It would not surprise me to see the price hit $200 and $50 in the next 12 months. It'd take the right combination of policy errors by politicians and bankers, but they've pulled it off before (once again, I implore everyone to go study the 2006-'09 peak-and-crash cycle).
Remember in school... We read about how it took a wheel barrow full of money to buy a loaf of bread in one of the foreign countries ?
I think the crushing economic collapse will come first...
Or when at the same times, the muggers would mug you, dump the cash out of the wheelbarrow and run off with the wheelbarrow
I remember that a convenience store would not take anything larger than a $20 for gas purchases.... They did not want to have to open the safe.
Well, the last time barrel of oil started going over 150, the frackers moved in. Gov was unable to shut most frackers down, due to drilling on private property. (Obama wasn't able to pull any leases or slow walk stuff)
when oil dropped to the 30's; a lot of Frackers lost their butts. I was never able to find, who bought all the frackers fields. I'm wondering (I haven't seen much on the news) what's going on in the Dakota's fracking fields.
Side Note -
Saudia Arabia (SA) was successful in shutting down (paying local people to picket and lobby) England's Nuclear power plant and converting to Natural Gas. Now, Saudia Arabia supplies the Natural Gas to England and England is no longer as self-sufficient. People of England lose, the Rich don't GAF.
SA was paying Hollywood to protest Fracking to try the same crap here in the USA.
when oil dropped to the 30's; a lot of Frackers lost their butts. I was never able to find, who bought all the frackers fields. I'm wondering (I haven't seen much on the news) what's going on in the Dakota's fracking fields.
Side Note -
Saudia Arabia (SA) was successful in shutting down (paying local people to picket and lobby) England's Nuclear power plant and converting to Natural Gas. Now, Saudia Arabia supplies the Natural Gas to England and England is no longer as self-sufficient. People of England lose, the Rich don't GAF.
SA was paying Hollywood to protest Fracking to try the same crap here in the USA.
| WTI Crude • | 92.30 | -0.22 | -0.24% |
| Brent Crude • | 99.53 | +0.19 | +0.19% |
/cloudfront-us-east-2.images.arcpublishing.com/reuters/HNCCKW4DMJLERFMC6U32GNO6NU.jpg)
Most of BP's Whiting refinery units shut following fire -sources
Most of the units at BP Plc’s 435,000 barrel-per-day Whiting, Indiana, refinery were out of production on Thursday following a Wednesday night fire, said sources familiar with plant operations.
www.reuters.com As the Asian markets open on their Monday morning:
Bump up
NIKKEI 225 INDEX
Ripple effect... That was quick
| WTI Crude • | 93.11 | +0.05 | +0.05% |
| Brent Crude • | 100.9 | -0.09 | -0.09% |
| WTI Crude | 94.19 | +1.13 | +1.21% |
NIKKEI 225 INDEX
(Nihon Keizai Shimbun:N225)
Ripple effect... That was quick
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I’m 90 octane or better, I just don’t look anymore
“Durp, gas is down”
Yeah but it was half as much less than 600 days ago, I swear some folks have the memory of a goldfish
“Durp, gas is down”
Yeah but it was half as much less than 600 days ago, I swear some folks have the memory of a goldfish
Only the Demwits look at it that way.
Which way?
On my smaller stuff my biggest tank is 15G, bikes are under 5G so fuck it
But ultimately even at 3gal we are waaaaay overpaying
I blow more money on dumber shit, but yeah I’m getting fucked on gas, it’s a straight rip off
The problem is not the members here... We are not a blip on the radar... The problem is the mega users like ocean going ships, freight hauling airplanes, locomotives, 18 wheelers.... And then it is the fertilizer manufacturer's, the gas fired power plants and the largest industrial consumers in the world. Even the person who only owns a bicycle is going to be in a world of hurt.
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| WTI Crude • | 93.45 | +0.39 | +0.42% |
| Brent Crude • | 101.2 | +0.22 | +0.22% |
Petroleum refining in the United States - Wikipedia
I'd like to see that on a worldwide map.... Many more variables
Appears those are some old numbers from a more stable time. We are in a time of unrest and the volatility factor is keeping prices up.Petroleum refining in the United States - Wikipedia
en.wikipedia.org
The federal government declared a regional emergency in the states of Illinois, Michigan, Indiana, and Wisconsin following a fire that broke out at a BP-owned refinery in Whiting, Indiana
Oil Refinery Fire Sparks Fears Of A Fuel Shortage In Four States | OilPrice.com
The federal government declared an emergency in four states due to a fire that broke out at a major refinery in the region
oilprice.com I was more focused on the location of the refineries.
Understood.... However a refinery that can not get raw feed is of little value....
Strange that with the BP fire, gas in my area dropped 10 cents to $3.65.9.
There is a bit of lag time from the price of oil today to the time it is pumped into your vehicle. Could have been bought when the price of oil was down. As we speak:
| WTI Crude • | 96.91 | -0.10 | -0.10% |
| Brent Crude • | 105.1 | +4.10 |
Saudi Arabia New Output Cuts Threat Is Another Blow To Washington | OilPrice.com
Saudi Arabia’s statements about a possible new round of OPEC+ production cuts marks yet another milestone of the erosion of U.S. influence in the Middle East
oilprice.com “Realistically I think we need to use oil and gas in the short term, because otherwise civilization will crumble. One of the biggest challenges the world has ever faced is the transition to sustainable energy and to a sustainable economy,” he said. “That will take some decades to complete,” Musk told reporters at a conference in Norway on Monday.
oilprice.com
Musk Goes Viral With Oil & Gas Tweet | OilPrice.com
Tesla founder Elon Musk has acknowledged the need for oil and gas as bridge fuels in the ongoing global energy transition in a tweet today
oilprice.com Locally, seeing some prices at the pump declining slightly.
| WTI Crude • | 93.74 | -3.27 | -3.37% |
| Brent Crude • | 101.4 | -3.66 | -3.48% |
| WTI Crude • | 88.72 | -2.92 | -3.19% |
| Brent Crude • | 95.75 | -3.56 | -3.58% |
Oil Falls 5% On Growing Inflation Fears | OilPrice.com
Crude prices fell more than 5% on Tuesday afternoon as a result of inflation fears and concerns about demand returned
oilprice.com HOUSTON, Sept 1 (Reuters) - Exxon Mobil Corp XOM.N and Shell PLC SHEL.L on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV, ending a 25-year-long partnership that was one of the largest oil producers in the state
I'm sure Putin is laughing
www.bbc.com
Ukraine war: G7 agrees to impose price cap on Russian oil
Members of the Group of Seven say the move will hurt Russia's ability to finance its war on Ukraine.
www.bbc.com | WTI Crude • | 88.69 | +2.08 | +2.40% |
| Brent Crude • | 94.67 | +2.31 | +2.50% |
Russians will just say no sale.I'm sure Putin is laughing
Ukraine war: G7 agrees to impose price cap on Russian oil
Members of the Group of Seven say the move will hurt Russia's ability to finance its war on Ukraine.
Then sit back and laugh as European idiots start to freeze to death
The Arabs will ratchet the price of oil sky high, then buy Russian Oil under the table so they can sell every drop they can pump at top dollar.
Chinese and the rest of the world will be like thanks but we are liking the cheaper Russian Oil.
They are like, well we won't insure your ships
Russians are like, who cares you weren't going to pay us any claims anyways so cheaper for us, someone starts hijacking our ships, we just torpedo them for fun.
The Oil companies will be laughing all the way to the bank while the common working class folks shiver and starve.
Around 3.99 south of Missoula....
Best round up all those empty 5 gallon cans and run down to fill them up....
Winter is coming.
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$2.94 in Lawton today. With the Sammy's Club 5% rebate its getting better but "never underestimate Joe's ability to fuck things up." B.O.
Old PedoJoe is trying his best. Gas has gone down another few cents just before a National Holiday. Usually, gas will increase a few cents but instead it's down 3 cents today.
SA has us and the world by the balls. Under Trump, with the frackers, SA keep pumping to try to bankrupt them (probably buy their wells). Now, with Joe in charge, they can go back to keeping the prices high.
also, Russia is on board with SA as well.
OPEC+ makes small trim to world oil supplies as prices fall - Breitbart
OPEC and allied oil-producing countries, including Russia, have made a small trim in their supplies to the global economy OPEC+ makes small trim to world
www.breitbart.com Here we go... Snug your seat belt
www.cnbc.com
Oil producer group OPEC+ surprises energy markets with a small production cut
Energy analysts had broadly expected the group to stay the course with its production policy.
www.cnbc.com 
4.05 at my local place for gas.
Diesel is I think 4.69.
Diesel is I think 4.69.
Germany And Europe Set For Energy Rationing After Russian Gas Cuts | OilPrice.com
German gas importer Uniper has said that the country does not rule out undertaking gas rationing at some point following Russia's decision to indefinitely halt gas flows via the Nord Stream 1 pipeline
oilprice.com | WTI Crude • | 87.82 | +0.95 | +1.09% |
| Brent Crude • | 94.07 | -1.67 | -1.74% |
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