Gas prices

[wanderingaimles]

Starting the stampede.
Gas price .99

[rhagfo]

Saw on the news this evening that Oil futures were in negative territory!

[NJRVer]

cptqueeg wrote:
The oil companies aren't evil, why do you think that? Do you enjoy paying more for gas? How big a smile was on their face at $140/bbl?

Of course oil companies give millions to fund politics, but that aside. Shouldn't the free market work w/out Trump wasting his time conspiring w our arch enemy Putin, and MBS, 2 dictators that want nothing but the end of American world power? We can survive just fine w/out Russian and Saudi oil let them die a thousand deaths. They can only survive by extracting and selling oil so for every extra dollar we pay to them we increase how much Russia can spend to arm themselves and enable the Saudis/Russia to destabilize the middle-east causing horrific human suffering in Yemen, Turkey, Syria.

X2!!

[pigman1]

cptqueeg wrote:

Lynnmor wrote:

cptqueeg wrote:
Glad to see that Trumps oil play with MBS and Putin didn't work out. Trump wanted us all to pay more for gas and heating oil to help his buddies out, totally anti-American and disgusting during an economic collapse.

Wouldn't it be great if all of our producers went belly up? Shut down the wells, fracking, pipe lines, etc. Yeah, that is what we want, dependence on foreign oil! Wait..... we tried that before and you weren't happy then.

Some would prob go belly up - the weak and inefficient. That's life. The supply would decrease and price would come in line with demand - that's what a free market economy is.

Trump just stated about a month ago the gas price decline was the biggest tax cut in American history. Why the sudden reversal?

TDS.

[cptqueeg]

Lynnmor wrote:

cptqueeg wrote:
Glad to see that Trumps oil play with MBS and Putin didn't work out. Trump wanted us all to pay more for gas and heating oil to help his buddies out, totally anti-American and disgusting during an economic collapse.

Wouldn't it be great if all of our producers went belly up? Shut down the wells, fracking, pipe lines, etc. Yeah, that is what we want, dependence on foreign oil! Wait..... we tried that before and you weren't happy then.

Some would prob go belly up - the weak and inefficient. That's life. The supply would decrease and price would come in line with demand - that's what a free market economy is.

Trump just stated about a month ago the gas price decline was the biggest tax cut in American history. Why the sudden reversal?

[cptqueeg]

The oil companies aren't evil, why do you think that? Do you enjoy paying more for gas? How big a smile was on their face at $140/bbl?

Of course oil companies give millions to fund politics, but that aside. Shouldn't the free market work w/out Trump wasting his time conspiring w our arch enemy Putin, and MBS, 2 dictators that want nothing but the end of American world power? We can survive just fine w/out Russian and Saudi oil let them die a thousand deaths. They can only survive by extracting and selling oil so for every extra dollar we pay to them we increase how much Russia can spend to arm themselves and enable the Saudis/Russia to destabilize the middle-east causing horrific human suffering in Yemen, Turkey, Syria.

[Lynnmor]

cptqueeg wrote:
Glad to see that Trumps oil play with MBS and Putin didn't work out. Trump wanted us all to pay more for gas and heating oil to help his buddies out, totally anti-American and disgusting during an economic collapse.

Wouldn't it be great if all of our producers went belly up? Shut down the wells, fracking, pipe lines, etc. Yeah, that is what we want, dependence on foreign oil! Wait..... we tried that before and you weren't happy then.

[Cummins12V98]

cptqueeg wrote:
Glad to see that Trumps oil play with MBS and Putin didn't work out. Trump wanted us all to pay more for gas and heating oil to help his buddies out, totally anti-American and disgusting during an economic collapse.

Yea evil oil companies!!!

Talk about Anti American.

[cptqueeg]

Glad to see that Trumps oil play with MBS and Putin didn't work out. Trump wanted us all to pay more for gas and heating oil to help his buddies out, totally anti-American and disgusting during an economic collapse.

[ghostrider421]

Try NEGATIVE $20/BBL
https://www.zerohedge.com/markets/historic-oil-crash-sends-canadian-oil-prices-negative

[time2roll]

I can't wait to have them pay me to fill my truck 😉

[Reisender]

time2roll wrote:
Oil trading has crashed today so far. Yahoo finance says May futures are trading at less than $1.00 per BARREL. Crazy.

It just closed at MINUS 35 dollars per barrel. Want to get rich? Turn your swimming pool into an oil storage facility. Take in 10,000 barrels and make a cool 350,000 bucks. 🙂

[time2roll]

Oil trading has crashed today so far. Yahoo finance says May futures are trading at less than $1.00 per BARREL. Crazy.

[PawPaw_n_Gram]

My brother in Pasadena just south of Houston says things are almost completely closed there. Oversupply of refined products that simply are not selling. People in the US are using much less fuel than normal.

Stories from areas with active drilling/ fracking in Texas say the industry is basically shutdown, in a care taker status now.

A lot of oilfield workers trying to get home where living in the fifth wheels is cheaper.

I bought 25 gallons of regular in Sherman Texas this past weekend for 93.9 per gallon.

[ghostrider421]

Oil prices crashed this morning - below $11.00/bbl for WTI. https://www.bloomberg.com/energy
But of course Bakken oil is still making money on it, fields will start closing down. Workers will be out of jobs for the foreseeable future.
https://www.rigzone.com/news/wire/some_american_oil_selling_at_under_10_a_barrel-30-mar-2020-161565-...

Prices here in Brasil are below $1/gal