Crude Oil Prices Tank

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Crude Oil Prices Tank #3104618 04/20/20 09:20 AM 04/20/20 09:20 AM
Joined: Aug 2003 Posts: 3,995 pensacola,fl dagwood OP 10 point
dagwood OP 10 point Joined: Aug 2003 Posts: 3,995 pensacola,fl	Down $7/barrel this morning. Currently at $11/bbl. I like cheap gas but this ain't good. jmlane

Re: Crude Oil Prices Tank [Re: dagwood] #3104620 04/20/20 09:24 AM 04/20/20 09:24 AM
Joined: Aug 2006 Posts: 8,888 Andalusia, Covington County, A... TexasHuntress 14 point
TexasHuntress 14 point Joined: Aug 2006 Posts: 8,888 Andalusia, Covington County, A...	Oh, jeez! You are right! This ain't good. If you live to be a hundred, I want to live to be a hundred minus one day, so I never have to live without you.---Winnie the Pooh

Re: Crude Oil Prices Tank [Re: dagwood] #3104621 04/20/20 09:24 AM 04/20/20 09:24 AM
Joined: Jun 2015 Posts: 14,030 Some Marriott/Auburn A AU7MM08 Booner
AU7MM08 Booner A Joined: Jun 2015 Posts: 14,030 Some Marriott/Auburn	Texas tea seems to always be in a state of booms & busts, though this bust is looking pretty rough. Glad I don't hold energy sector stocks beyond what's held otherwise in my Total Market funds & Large Cap.

Re: Crude Oil Prices Tank [Re: dagwood] #3104624 04/20/20 09:25 AM 04/20/20 09:25 AM
Joined: Nov 2011 Posts: 21,786 USA R Remington270 Freak of Nature
Remington270 Freak of Nature R Joined: Nov 2011 Posts: 21,786 USA	Even Saudi Arabia can't make money like this.

Re: Crude Oil Prices Tank [Re: dagwood] #3104628 04/20/20 09:31 AM 04/20/20 09:31 AM
Joined: Jun 2015 Posts: 14,030 Some Marriott/Auburn A AU7MM08 Booner
AU7MM08 Booner A Joined: Jun 2015 Posts: 14,030 Some Marriott/Auburn	Saw something that supposedly a bare oil barrel runs about $15ish per drum. That literally means the wallet is more valuable than the cash inside it.

Re: Crude Oil Prices Tank [Re: AU7MM08] #3104629 04/20/20 09:32 AM 04/20/20 09:32 AM
Joined: Apr 2000 Posts: 12,003 34°25'49.80"N 86°55'46.99"... gman Booner
gman Booner Joined: Apr 2000 Posts: 12,003 34°25'49.80"N 86°55'46.99"...	Originally Posted by AU7MM08 Saw something that supposedly a bare oil barrel runs about $15ish per drum. That literally means the wallet is more valuable than the cash inside it. That be the case 100% of the time with my wallet! The harder I practice, the luckier I get.

Re: Crude Oil Prices Tank [Re: gman] #3104632 04/20/20 09:37 AM 04/20/20 09:37 AM
Joined: Jun 2015 Posts: 14,030 Some Marriott/Auburn A AU7MM08 Booner
AU7MM08 Booner A Joined: Jun 2015 Posts: 14,030 Some Marriott/Auburn	Originally Posted by gman Originally Posted by AU7MM08 Saw something that supposedly a bare oil barrel runs about $15ish per drum. That literally means the wallet is more valuable than the cash inside it. That be the case 100% of the time with my wallet! Lol, I'm not sure where I stand in that with my circumstances. My wallet was free(employer gave me 3 years ago) but it doesn't typically have any cash in it.

Re: Crude Oil Prices Tank [Re: dagwood] #3104637 04/20/20 09:46 AM 04/20/20 09:46 AM
Joined: Jan 2011 Posts: 38,489 N. Bama 257wbymag Boo Boo Head
257wbymag Boo Boo Head Joined: Jan 2011 Posts: 38,489 N. Bama	Well. This sucks Quietly killing turkeys where youre not!!! My tank full of give a fraks been runnin on empty I'm the paterfamilias

Re: Crude Oil Prices Tank [Re: dagwood] #3104643 04/20/20 09:48 AM 04/20/20 09:48 AM
Joined: Apr 2012 Posts: 762 J juice 4 point
juice 4 point J Joined: Apr 2012 Posts: 762	Not good at all

Re: Crude Oil Prices Tank [Re: dagwood] #3104654 04/20/20 10:06 AM 04/20/20 10:06 AM
Joined: Dec 2009 Posts: 9,375 Jasper, AL J joshm28 14 point
joshm28 14 point J Joined: Dec 2009 Posts: 9,375 Jasper, AL	I wish we would just go with 100% domestic oil. Prices would hove around $2.50 at the pump, lots of people would be working. Low oil pricing is not good for anyone really.

Re: Crude Oil Prices Tank [Re: dagwood] #3104656 04/20/20 10:13 AM 04/20/20 10:13 AM
Joined: Jan 2014 Posts: 4,272 North AL just_an_illusion 10 point
just_an_illusion 10 point Joined: Jan 2014 Posts: 4,272 North AL	Under $11 a barrel now. I like the low fuel prices but this is gonna leave a big mark on the economy. I hope it comes back up some soon.

Re: Crude Oil Prices Tank [Re: dagwood] #3104659 04/20/20 10:18 AM 04/20/20 10:18 AM
Joined: Jan 2014 Posts: 2,291 Spanish Fort J Jstocks 8 point
Jstocks 8 point J Joined: Jan 2014 Posts: 2,291 Spanish Fort	Where are you guys seeing these prices? The ticker is showing mid 20’s

Re: Crude Oil Prices Tank [Re: Jstocks] #3104662 04/20/20 10:20 AM 04/20/20 10:20 AM
Joined: Nov 2011 Posts: 21,786 USA R Remington270 Freak of Nature
Remington270 Freak of Nature R Joined: Nov 2011 Posts: 21,786 USA	Originally Posted by Jstocks Where are you guys seeing these prices? The ticker is showing mid 20’s There isn't just one "price". There are multiple different markets. But look at the top of this site. https://www.marketwatch.com

Re: Crude Oil Prices Tank [Re: dagwood] #3104664 04/20/20 10:22 AM 04/20/20 10:22 AM
Joined: Jan 2005 Posts: 1,964 Northport Thisldu 8 point
Thisldu 8 point Joined: Jan 2005 Posts: 1,964 Northport	That is low enough to cripple the oil industry so bad, that the ripple effects are going to cripple the economy even more when it doesn't need any help. We'll be in a recession for a while. "The future's uncertain and the end is always near"

Re: Crude Oil Prices Tank [Re: Jstocks] #3104681 04/20/20 10:48 AM 04/20/20 10:48 AM
Joined: Aug 2003 Posts: 3,995 pensacola,fl dagwood OP 10 point
dagwood OP 10 point Joined: Aug 2003 Posts: 3,995 pensacola,fl	Originally Posted by Jstocks Where are you guys seeing these prices? The ticker is showing mid 20’s Finance.yahoo.com at $10.44/bbl now. jmlane

Re: Crude Oil Prices Tank [Re: joshm28] #3104700 04/20/20 11:19 AM 04/20/20 11:19 AM
Joined: Dec 2009 Posts: 5,517 Land of the free because of th... mike35549 12 point
mike35549 12 point Joined: Dec 2009 Posts: 5,517 Land of the free because of th...	Originally Posted by joshm28 I wish we would just go with 100% domestic oil. Prices would hove around $2.50 at the pump, lots of people would be working. Low oil pricing is not good for anyone really. Absolutely If you're gonna be stupid you better be tough.

Re: Crude Oil Prices Tank [Re: dagwood] #3104708 04/20/20 11:31 AM 04/20/20 11:31 AM
Joined: Dec 2016 Posts: 10,435 northport deadeye48 Booner
deadeye48 Booner Joined: Dec 2016 Posts: 10,435 northport	I don’t believe for a second this is cued with Saudi and Russia I do however believe it’s a ploy by them to destroy America’s shale oil market This son of the King is taking over the kingdom as we speak and he’s arresting everyone that opposes him When I need expert advice I tend to talk to myself The older I get the better I used to be

Re: Crude Oil Prices Tank [Re: dagwood] #3104709 04/20/20 11:35 AM 04/20/20 11:35 AM
Joined: Feb 2015 Posts: 7,211 Meridianville DryFire 14 point
DryFire 14 point Joined: Feb 2015 Posts: 7,211 Meridianville	Think of how cheap it would be to buy oil and fill the Strategic Oil Reserve. But no, the Democrats said the US will not support the fossil fuel industry, but by golly we have to give the Kennedy Center $25 million dollars. The Kennedy Center got their money and still laid off their employees.

Re: Crude Oil Prices Tank [Re: dagwood] #3104720 04/20/20 11:52 AM 04/20/20 11:52 AM
Joined: Dec 2001 Posts: 13,910 AL H hunterbuck Booner
hunterbuck Booner H Joined: Dec 2001 Posts: 13,910 AL	WTI is currently at $7.90/bbl. Western Canada Select went negative for a while in off-hours trading last night, and is now at $.14/bbl. It's bad...real bad. "You think I care? Roll Damn Tide" Have you tried Google?

Re: Crude Oil Prices Tank [Re: dagwood] #3104722 04/20/20 11:54 AM 04/20/20 11:54 AM
Joined: Aug 2003 Posts: 3,995 pensacola,fl dagwood OP 10 point
dagwood OP 10 point Joined: Aug 2003 Posts: 3,995 pensacola,fl	$7.85/bbl at 11:45. 1970's prices. jmlane

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