Historic Oil Glut

[OldLady]

This is very interesting. Even though trump and putin convinced Saudi Arabia to cut back by 10 million barrels a day, it didn't stop the bleeding in the oil market.

The people and market have different ideas.

Now, companies can't find buyers for their oil and have no place to store it. Refineries are refusing new barrels of oil.

It really says something that our own president works to make sure the price of oil and gas stay high.

Oil plunges to lowest since 1986 amid historic glut

Good Lord you really have no understanding of economics do you.

Yes, oil prices need to be higher than they are. And it's not because Trump wants to be a big meany-head. It's because if they drop too low our entire oil production industry, which we've spent decades building to the point of independence, will collapse and we'll be right back to being reliant on foreign energy.

Now, what has this current crisis taught you about being dependent on a sovereign state for critical needs? Did you forget already?

This is very interesting. Even though trump and putin convinced Saudi Arabia to cut back by 10 million barrels a day, it didn't stop the bleeding in the oil market.

The people and market have different ideas.

Now, companies can't find buyers for their oil and have no place to store it. Refineries are refusing new barrels of oil.

It really says something that our own president works to make sure the price of oil and gas stay high.

Oil plunges to lowest since 1986 amid historic glut

It is kind of like how FDR fought to keep corn and wheat prices up during the Depression by limiting how much could be produced.
the markets are inherently unstable, moving in wild swings and usually crashing into recessions.

The wisdom of controling production so that entire industries are not destroyed is similar to the wisdom of not over harvesting our resources.

It seems the oil industry couldn't figure that out on their own. Why couldn't they?

 

[initforme]

I'm waiting for used car prices to go down. Do any of you think vehicle prices will be going down? The gas prices are nice. Perhaps we are learned ng if we demand less we pay less.

 

[Dick Foster]

No

Oil producers were actually paying traders $37 bucks a barrel to take it and store it. It's as if the entire world is unravelling.

No one is paying anyone else to take oil off of their hands. This like the climate change commotion and hoax is all based on flawed mathematical bullshit replacing common ordinary horse sense. If you belivevthis shit then please give me a call because I've got some fantastic real estate deals I want to talk to you about. Some land in Florida and several bridges are involved.

 

[Missourian]

This is very interesting. Even though trump and putin convinced Saudi Arabia to cut back by 10 million barrels a day, it didn't stop the bleeding in the oil market.

The people and market have different ideas.

Now, companies can't find buyers for their oil and have no place to store it. Refineries are refusing new barrels of oil.

It really says something that our own president works to make sure the price of oil and gas stay high.

Oil plunges to lowest since 1986 amid historic glut

Do your part...buy a few barrels. I am...ordered 12 drums of Rotella 15w-40.

 

[Dont Taz Me Bro]

It really says something that our own president works to make sure the price of oil and gas stay high.

It really says something that this is what you got out of that.

 

[JimBowie1958]

It seems the oil industry couldn't figure that out on their own. Why couldn't they?

Self restraint is not a characteristic of most corporations these days.

 

[Missourian]

This is very interesting. Even though trump and putin convinced Saudi Arabia to cut back by 10 million barrels a day, it didn't stop the bleeding in the oil market.

The people and market have different ideas.

Now, companies can't find buyers for their oil and have no place to store it. Refineries are refusing new barrels of oil.

It really says something that our own president works to make sure the price of oil and gas stay high.

Oil plunges to lowest since 1986 amid historic glut

Good Lord you really have no understanding of economics do you.

Yes, oil prices need to be higher than they are. And it's not because Trump wants to be a big meany-head. It's because if they drop too low our entire oil production industry, which we've spent decades building to the point of independence, will collapse and we'll be right back to being reliant on foreign energy.

Now, what has this current crisis taught you about being dependent on a sovereign state for critical needs? Did you forget already?

This is very interesting. Even though trump and putin convinced Saudi Arabia to cut back by 10 million barrels a day, it didn't stop the bleeding in the oil market.

The people and market have different ideas.

Now, companies can't find buyers for their oil and have no place to store it. Refineries are refusing new barrels of oil.

It really says something that our own president works to make sure the price of oil and gas stay high.

Oil plunges to lowest since 1986 amid historic glut

It is kind of like how FDR fought to keep corn and wheat prices up during the Depression by limiting how much could be produced.
the markets are inherently unstable, moving in wild swings and usually crashing into recessions.

The wisdom of controling production so that entire industries are not destroyed is similar to the wisdom of not over harvesting our resources.

It seems the oil industry couldn't figure that out on their own. Why couldn't they?

Why can't democrats and Republicans? Same reason.

 

[HereWeGoAgain]

This is very interesting. Even though trump and putin convinced Saudi Arabia to cut back by 10 million barrels a day, it didn't stop the bleeding in the oil market.

The people and market have different ideas.

Now, companies can't find buyers for their oil and have no place to store it. Refineries are refusing new barrels of oil.

It really says something that our own president works to make sure the price of oil and gas stay high.

Oil plunges to lowest since 1986 amid historic glut

The price of gasoline is sinking, its not staying high at all. The economy is shut down, you know, and that is reducing driving and the demand for gasoline. Hopefully GM takes the hint and re-launches the Cadillac Fleetwood Talisman with the traditional 500 ci V-8.

Nice, and on the flip side maybe Ford will quit making the Prius.

Just how stupid are you and why do you like to show all of cyberspace how stupid and downright lazy you are?

Ford doesn't make the Prius.

Toyota does.

Wow you really like to make a fool of yourself to all of cyberspace don't you.

Yeah...Ford made the Volt which is no longer in production.

You people keep showing just how down right stupid you are.

Ford never made the Volt.

Chevrolet makes the Volt.

It most certainly is in production. I don't know where you live but I see many Chevy Volts on the road all the time when I drive.

Seriously, take a few minutes to do a simple search on things before you post and make a total fool of yourself.

review.insidethehood.com – 2024-2025 Cars Reviews

chevroletspecsnews.com

You dumbass.
The Dolt is no longer in production......
As you said...a simple search.

You didn't read my post with the link in it about the 2020 Volt.

I know you're lazy but if its not in production then why is there 2020 Volt cars for sale?

And your info is old.
They discontinued the Volt in 2019.
How about YOU do a little research before flapping your gums.

Chevy Volt discontinued: Chevrolet's last Volt rolls off the assembly line

The last Chevrolet Volt was built on Tuesday, ending a decade-long quest to make a breakthrough battery-powered car

www.cbsnews.com

 

[satrebil]

This is very interesting. Even though trump and putin convinced Saudi Arabia to cut back by 10 million barrels a day, it didn't stop the bleeding in the oil market.

The people and market have different ideas.

Now, companies can't find buyers for their oil and have no place to store it. Refineries are refusing new barrels of oil.

It really says something that our own president works to make sure the price of oil and gas stay high.

Oil plunges to lowest since 1986 amid historic glut

Good Lord you really have no understanding of economics do you.

Yes, oil prices need to be higher than they are. And it's not because Trump wants to be a big meany-head. It's because if they drop too low our entire oil production industry, which we've spent decades building to the point of independence, will collapse and we'll be right back to being reliant on foreign energy.

Now, what has this current crisis taught you about being dependent on a sovereign state for critical needs? Did you forget already?

This is very interesting. Even though trump and putin convinced Saudi Arabia to cut back by 10 million barrels a day, it didn't stop the bleeding in the oil market.

The people and market have different ideas.

Now, companies can't find buyers for their oil and have no place to store it. Refineries are refusing new barrels of oil.

It really says something that our own president works to make sure the price of oil and gas stay high.

Oil plunges to lowest since 1986 amid historic glut

It is kind of like how FDR fought to keep corn and wheat prices up during the Depression by limiting how much could be produced.
the markets are inherently unstable, moving in wild swings and usually crashing into recessions.

The wisdom of controling production so that entire industries are not destroyed is similar to the wisdom of not over harvesting our resources.

It seems the oil industry couldn't figure that out on their own. Why couldn't they?

Do you really not understand how supply and demand works or are you just playing stupid?

 

[WEATHER53]

Spent 40 years under OPEC bastardized thumb and they messed things up Big Time in the 70’s. We initially avoided dealing with the situation because it would take 40 years but now it’s 40 years later and the sobs are begging.

 

[Deplorable Yankee]

This is very interesting. Even though trump and putin convinced Saudi Arabia to cut back by 10 million barrels a day, it didn't stop the bleeding in the oil market.

The people and market have different ideas.

Now, companies can't find buyers for their oil and have no place to store it. Refineries are refusing new barrels of oil.

It really says something that our own president works to make sure the price of oil and gas stay high.

Oil plunges to lowest since 1986 amid historic glut

Every place they had around the entire planet to store oil is brimming

Largest brakken player has shut it all down

Thiers shitloads of tankers sitting full off the Atlantic ,Gulf ,and Pacific
Dozens hanging off the cali coast alone

The largest market ETFs have all bailed on oil an nat gas producers

 

[basquebromance]

We could be totally insane and try this

Are we really talking about nationalizing our oil industry? Is the government equipped to do something like this?

we'll see what happens, my friends!

 

[BULLDOG]

This is very interesting. Even though trump and putin convinced Saudi Arabia to cut back by 10 million barrels a day, it didn't stop the bleeding in the oil market.

The people and market have different ideas.

Now, companies can't find buyers for their oil and have no place to store it. Refineries are refusing new barrels of oil.

It really says something that our own president works to make sure the price of oil and gas stay high.

Oil plunges to lowest since 1986 amid historic glut

Good Lord you really have no understanding of economics do you.

Yes, oil prices need to be higher than they are. And it's not because Trump wants to be a big meany-head. It's because if they drop too low our entire oil production industry, which we've spent decades building to the point of independence, will collapse and we'll be right back to being reliant on foreign energy.

Now, what has this current crisis taught you about being dependent on a sovereign state for critical needs? Did you forget already?

Are you saying we just can't compete? I thought you said America was great again. You realize that all the grants and giveaways we already give to oil companies are just socialism for the rich, don't you?

 

[Theowl32]

The elite leftists and their daily hypocrisy.

Such scumbags.

The only thing to look forward to when the economic apocalypse happens is watching them gnash their teeth and wail.