Anyone have some room?
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I'd suggest you lease it, before today lease rate was ~$42,000 per day.
One can only guess what that rate will be tomorrow.
Mule0 -
Sail it to the coast of Somalia and have some fun shooting at the skinny’s who try to board. 9 -
Why can't they fill those holes they use for the strategic oil reserves?
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Just read where AOC is ecstatic over thousands of people losing their jobs in the oil business and the potential bankrupting of the oil companies. Says the time is ripe for the green new deal. Doesn't give a crap for the lives ruined by the oil crash. Typical liberal thinking. Bob 3 -
Someone need to virus that gang of 5, they are way worst than the Covid 19. 6 -
Still over 2 .10 a gallon in swpa. At least in my area of heaven
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If gas gets any cheaper, I'm gonna put some in the freezer...... 9 -
what are the odds as soon as the lock down stops and people get back to work gas will skyrocket and excuse will be supply cant meet the demand we were caught off guard or the refineries had shut down for maintenance during the slow time and are still off line completing upgrades / repairs
the government will not go after them for price gouging like they have the handful of people trying to turn a few dollars on TP or hand cleaner or dust mask they view corporate gouging is just business like the drug company's do every day3 -
Ditch-Runner: 31538716618267/comments/31538741805211
what are the odds as soon as the lock down stops and people get back to work gas will skyrocket and excuse will be supply cant meet the demand we were caught off guard or the refineries had shut down for maintenance during the slow time and are still off line completing upgrades / repairs
the government will not go after them for price gouging like they have the handful of people trying to turn a few dollars on TP or hand cleaner or dust mask they view corporate gouging is just business like the drug company's do every dayThe odds of this happening are zero.
What you see today is the result of a trade war between Russia and OPEC (specifically Saudi)
Both were trying to cripple each other through maximum oil production and keeping the cost of oil low. Both countries massive GDP’s and budgets are hinged on revenue from oil.
As a result smaller countries also have to increase production and lower costs. This has totally saturated the market now that the product can’t be consumed.
To your concern of prices skyrocketing- the reason that won’t happen is because the countries whose economies that are based on oil sales are now facing massive debt and recession if they do not react once the world gets back to work.
In the mean time- Russia and OPEC still need to hit their numbers for their revenue forecast.
Prices will remain suppressed until things start to break. Don’t look for a real recovery in oil until winter in Russia forces many of their oil fields closed and the rest of the world can then supplement the market again.
Im thinking 12 months of very low cost crude as a result.
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I have to laugh, the auto filter removed the word:
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Gimp 3 -
Maybe that Saudi Prince won't need to send me any more $$$... 0 -
I'd almost make a far out wager...price of gas in August-September will be over $4 briefly and will settle at around $3 before going back to about $2.50 right before winter.
We have an ExxonMobil station and we also deliver bulk fuel to farmers, while I deal mainly with the gun store i still participate in the fuel side so I've seen these ups and downs before.
Just my guess. Maybe it won't happen maybe it will.
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Just had my off road diesel tank filled for $1.55! 0
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