How about those oil prices
- Thread starter Belldozer1
- Start date
And yet Printer ink is 50 bucks for about a single ounce.
We are witnessing the death rattle of the current system. Whether it lasts 6 months or 4 years, oil is not really at a value of $11. It's higher but the weight of debt on the financial system is destroying all asset prices. Watch the tail end of bond rates. The long term rates blowing out on all sovereign debt will be the signal of the final end. The whole world must feel like an animal that unwittingly stepped into a trap. Must print more.
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Sorry, all your wells have been shut in and there’s no guarantee we’ll be able to get them back online at the production level they were before this mess.
It’s moments like these that make me wish I’d gone with the single wide instead of trying to impress my friends and neighbors with a double wide.
We may have to start paying Lessors in kind....if they’ll take it but unfortunately most landowners don’t have million gallon crude holding tanks on their land
oil is at negative 30 dollars a barrel. NEGATIVE---- never seen this before with ANY commodity.
The FED is letting actual price discovery occur in wtic. Everything should be in the same boat as wtic. The Fed is propping the whole system atm. Ctrl + Alt + P
ok....negative $30.00 per bbl.....so if I agree to take 10,000 bbls they will give me $300,000.....I just have to take immediate delivery....So if I am a cruise ship company like oh....say Royal Carribbean and I have 25 ships idling off the coast of Florida, and they have the capacity to load that....maybe double that.....could I make a deal with some refiner to accept that much and come out with the cash?....bunker C is pretty low end.
as an aside....I heard they are starting to take futures contracts on Shiner Beer because of sudden orders out of South Texas.
I imagine once the May contact expires that oil will return to $20 per barrel range
Well I've dollar cost averaged Exxon from $70 to now. In retrospect - bad move.
One question I have though - the bottom of the oil market fell out, and Exxon was only down 5% today. If the market is that bad, how is Exxon worth $40/share? And surely that dividend is not safe.
To me it’s because the whole thing is being forced on the economy not the other way around. The freaking corona overreaction is forcing an unnatural reaction on the economy which has been roaring until a month ago
Believe it or not I don’t live paycheck to paycheck. Having said that what’s happening right now should give anyone a huge issue. I’m not just talking about oil prices I’m talking country shutdown over a virus. They announced today that due to the lockdown, vehicle accident were way down saving the taxpayers millions, so expect more lockdowns to avoid potential traffic accidents in the future.
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No doubt, I didn't listen to you Stranger. So there I am in H-E-B the other day and I see a rack of Shiner singles....including the Prickly Pear brew I'd asked you about. I figure what the hell, God knows I've spent a $1.50 on worse so I grab one....Just had it....and you're right. Stick with the original....
I've been doing the same. Fear not-- it will be back. Exxon is more diversified than you realize.
