OT Oil Prices down to $1 a barrel!

Discussion in 'Blazers OT Forum' started by magnifier661, Apr 20, 2020.

Moderators: 7

Moderators

  1. BrianFromWA
  2. Chris Craig
  3. Darkwebs
  4. Ed O
  5. PtldPlatypus
  6. SlyPokerDog
  7. Strenuus
Page 2 of 8
  1. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

    Joined:
    Oct 5, 2008
    Messages:
    122,854
    Likes Received:
    122,848
    Trophy Points:
    115
    One leak and you turn your land and home into a hazmat cleanup site.
     
    SlyPokerDog, Apr 20, 2020
    #21
    riverman and Orion Bailey like this.
  2. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

    Joined:
    Oct 5, 2008
    Messages:
    122,854
    Likes Received:
    122,848
    Trophy Points:
    115
    or a bomb.
     
    SlyPokerDog, Apr 20, 2020
    #22
    riverman and Orion Bailey like this.
  3. SharpesTriumph

    SharpesTriumph Well-Known Member

    Joined:
    May 4, 2018
    Messages:
    10,384
    Likes Received:
    9,334
    Trophy Points:
    113
    Tesla still misleading prices their cars with a "gas savings" of ~$4300... when gas bottoms out it might be more expensive to fill up with electricity.
     
    SharpesTriumph, Apr 20, 2020
    #23
  4. Orion Bailey

    Orion Bailey Forum Troll

    Joined:
    Jan 27, 2015
    Messages:
    26,285
    Likes Received:
    21,507
    Trophy Points:
    113
    In today's climate, that's a bad thing?

    A last resort "TAKE EM ALL OUT WITH ME" option.
     
    Orion Bailey, Apr 20, 2020
    #24
  5. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

    Joined:
    Sep 15, 2008
    Messages:
    34,043
    Likes Received:
    24,914
    Trophy Points:
    113
    Location:
    Blazer OT board
    Store it where? The reason the price has gone to zero is that the storage is full already.

    barfo
     
    barfo, Apr 20, 2020
    #25
    magnifier661 likes this.
  6. Orion Bailey

    Orion Bailey Forum Troll

    Joined:
    Jan 27, 2015
    Messages:
    26,285
    Likes Received:
    21,507
    Trophy Points:
    113
    Yeah, good points i wasnt thinking off. Does diesel have a longer shelf life? I have had this idea for al ong time. A ma and pa construction company I worked ofr in NY did that out of his home. couple acres and he had some heavy equipment. we would put in residential waterlines, septic tanks etc. He had a huge tank and had it filled up ever so often and I would pump from that to fill up the machinery. Figured, I could do the same for gas.

    I know he burned through his quick though. So not sure if it has a longer shelf lie or not compared to gas.
     
    Orion Bailey, Apr 20, 2020
    #26
  7. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

    Joined:
    Sep 15, 2008
    Messages:
    34,043
    Likes Received:
    24,914
    Trophy Points:
    113
    Location:
    Blazer OT board
    I see what you are saying now. Pump it out, pump it back into the ground in some other spot, someplace where oil had been extracted in the past?

    barfo
     
    barfo, Apr 20, 2020
    #27
  8. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

    Joined:
    Oct 5, 2008
    Messages:
    122,854
    Likes Received:
    122,848
    Trophy Points:
    115
    How much gas can rolls of TP soak up?

    Asking for the hoarders.
     
    SlyPokerDog, Apr 20, 2020
    #28
    Orion Bailey and riverman like this.
  9. magnifier661

    magnifier661 B-A-N-A-N-A-S!

    Joined:
    Oct 2, 2009
    Messages:
    59,328
    Likes Received:
    5,588
    Trophy Points:
    113
    Occupation:
    Cracking fools in the skull
    Location:
    Lancaster, California
    We don't have any empty reserves?
     
    magnifier661, Apr 20, 2020
    #29
  10. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

    Joined:
    Sep 15, 2008
    Messages:
    34,043
    Likes Received:
    24,914
    Trophy Points:
    113
    Location:
    Blazer OT board
    That's my understanding.

    barfo
     
    barfo, Apr 20, 2020
    #30
    magnifier661 likes this.
  11. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

    Joined:
    Oct 5, 2008
    Messages:
    122,854
    Likes Received:
    122,848
    Trophy Points:
    115
    Jim Cramer on WTI price plummet: There really is no place to put the oil

     
    SlyPokerDog, Apr 20, 2020
    #31
    SharpesTriumph likes this.
  12. bodyman5000 and 1

    bodyman5000 and 1 Lions, Tigers, Me, Bears

    Joined:
    Sep 29, 2013
    Messages:
    19,582
    Likes Received:
    13,216
    Trophy Points:
    113
    Location:
    Las Vegas
    d4fb34168f882aa8dcbb10a9baf47985.jpg
     
    bodyman5000 and 1, Apr 20, 2020
    #32
  13. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

    Joined:
    Sep 15, 2008
    Messages:
    34,043
    Likes Received:
    24,914
    Trophy Points:
    113
    Location:
    Blazer OT board
    But this can't be happening anyway, because our Dear Leader recently negotiated a truce between Saudi Arabia and Russia so that oil prices would rise.
    Therefore, this stuff about $0 oil is FAKE NEWS!

    barfo
     
    barfo, Apr 20, 2020
    #33
  14. riverman

    riverman Writing Team

    Joined:
    Nov 15, 2013
    Messages:
    67,842
    Likes Received:
    66,598
    Trophy Points:
    113
    two best things for soaking up oil....dryer lint or human hair....now you can grow tp on your head if you're not Dwight Jaynes
     
    riverman, Apr 20, 2020
    #34
    SlyPokerDog likes this.
  15. riverman

    riverman Writing Team

    Joined:
    Nov 15, 2013
    Messages:
    67,842
    Likes Received:
    66,598
    Trophy Points:
    113
    The barrel is worth more than the oil and toilet paper will rival gold for pound for pound value!
     
    riverman, Apr 20, 2020
    #35
    SlyPokerDog likes this.
  16. magnifier661

    magnifier661 B-A-N-A-N-A-S!

    Joined:
    Oct 2, 2009
    Messages:
    59,328
    Likes Received:
    5,588
    Trophy Points:
    113
    Occupation:
    Cracking fools in the skull
    Location:
    Lancaster, California
    Damn. Would be a good time to buy
     
    magnifier661, Apr 20, 2020
    #36
  17. kjironman1

    kjironman1 Well-Known Member

    Joined:
    May 16, 2014
    Messages:
    21,478
    Likes Received:
    22,170
    Trophy Points:
    113
    Right now -$36 a barrel so i guess they are gonna pay me to fill my truck?
     
    kjironman1, Apr 20, 2020
    #37
    SlyPokerDog and magnifier661 like this.
  18. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

    Joined:
    Sep 15, 2008
    Messages:
    34,043
    Likes Received:
    24,914
    Trophy Points:
    113
    Location:
    Blazer OT board
    No, but if you want to sell me the gas that's in your truck, I'll take $36 for it. That's my final offer.

    barfo
     
    barfo, Apr 20, 2020
    #38
    kjironman1 likes this.
  19. SharpesTriumph

    SharpesTriumph Well-Known Member

    Joined:
    May 4, 2018
    Messages:
    10,384
    Likes Received:
    9,334
    Trophy Points:
    113
    I understand it going to $1 or even a bit negative but I don't get how its hitting negative $35...
     
    SharpesTriumph, Apr 20, 2020
    #39
    kjironman1 likes this.
  20. yankeesince59

    yankeesince59 "Oh Captain, my Captain".

    Joined:
    Jul 7, 2013
    Messages:
    30,827
    Likes Received:
    13,808
    Trophy Points:
    113
    Gas now going for $1.29 down here.
     
    yankeesince59, Apr 20, 2020
    #40
Page 2 of 8

Share This Page