Mac-7
Diamond Member
- Oct 9, 2019
- 66,802
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A dollar a barrel for crude oil?$1.04 actually.
It costs more to buy a gallon of gasoline than it does a barrel of oil.
Incredible.
that cant be true
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A dollar a barrel for crude oil?$1.04 actually.
It costs more to buy a gallon of gasoline than it does a barrel of oil.
Incredible.
No much of a market for drilling, and not much of a market on alternative energy with prices this low.Nazi says she will stay on vacation until May 4, unless there is an emergency.
US oil prices turn negative as demand dries up
Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.finance.yahoo.com
So what's so bad about cheaper oil? It's not like the oil companies are going to go broke, is it?
May longs are being guillotined.No.......I'm not kidding.??? I hope you are kidding???Ok.......my job is permanently TOAST..........so I'll see if my company is going to look at other options or start looking.
GAME OVER MAN.
Hey Dumbass, their storage is almost maxed out. If they can’t move oil out they are fucked.An expert just said Canada is gonna get hammered over the next few months because they have no storage.
An "expert" also just started a thread saying oil is 17 cents a barrel. "Experts" have no links, but Canadian oil storage, does.
SOLVING 2 PROBLEMS WITH ONE SOLUTION:
EMPTY MALLS BANKRUPT COMMERCIAL reiits and capitalization corps CAN get paid to store oil barrels at abandoned or floundering malls.
Probably just a market thing.........futures.........the oil will not be shipped if no one is ACTUALLY BUYING IT.Can somebody explain to me why in the hell they are still pumping it, with no place to store it?
Clearly it is over your head. Run along to an “Orange man bad” thread, Simpleton.A question that stupid deserves no answer.You really are dumb.Nazi says she will stay on vacation until May 4, unless there is an emergency.
US oil prices turn negative as demand dries up
Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.finance.yahoo.com
So what's so bad about cheaper oil? It's not like the oil companies are going to go broke, is it?
I will give your opinion all the consideration it deserves, but that still doesn't answer my question, does it?
Whereas a thread this stupid deserves the mockery it gtes.
If I only knew how to refine the stuff, it's no good to me in it's raw form. I knew I should have paid attention in chemistry class.SOLVING 2 PROBLEMS WITH ONE SOLUTION:
EMPTY MALLS BANKRUPT COMMERCIAL reiits and capitalization corps CAN get paid to store oil barrels at abandoned or floundering malls.
Stored barrels of oil will be worth nothing when President AOC outlaws the use of fossil fuels and the internal combustion engine. They will probably be fined or jailed for storage of an 'illegal substance'.
-37.51 at the close. June is 20 plus change.
If I only knew how to refine the stuff, it's no good to me in it's raw form. I knew I should have paid attention in chemistry class.
Brain dead MORONClearly it is over your head. Run along to an “Orange man bad” thread, Simpleton.A question that stupid deserves no answer.You really are dumb.Nazi says she will stay on vacation until May 4, unless there is an emergency.
US oil prices turn negative as demand dries up
Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.finance.yahoo.com
So what's so bad about cheaper oil? It's not like the oil companies are going to go broke, is it?
I will give your opinion all the consideration it deserves, but that still doesn't answer my question, does it?
Whereas a thread this stupid deserves the mockery it gtes.
If it's that obvious, it should be easy for you to explain. How does it hurt me to spend less when I fill up, and what does Pelosi have to do with what I pay for gas anyway? Do you want to give the oil companies even more than the billions in free money that we already give them each year?
If you are long a futures contract, you either have to close the position (by selling) or take delivery at expiry. If you don't want delivery, you have to sell the contract to close. Buyers are having to be paid to accept the contract.-37.51 at the close. June is 20 plus change.
What does this mean? The guy with the oil has to pay me $37.51 per barrel just to take it off his hands?