Oil prices
02-04-2015 | 02:09 PM
#31
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Joined: Mar 2009
Posts: 386
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From: Beaverton Or
The big bubble has burst as all do in time, there wil be small crashes in some market segment's but all in all this country is on the verge of a long awaited recovery. I truly beleive it is all over or at least until middle east terrorism has changed it's course...Cutting off the moeny supply will bring a end to it, I could go on and on how this market was manipulated to the point they had to go offshore to do there trading but it's done and over.
02-04-2015 | 02:32 PM
#32
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Joined: Dec 2005
Posts: 2,798
Likes: 13
From: Florida
I didn't read all of the posts, but I have a question. Gas prices been going down for months. A penny a week or in a few days. It was $1.89 yesterday. Today it's $2.0499. So the gas got more expensive in the ground, in the tanks. WTF? Oil is purchases months ago, for whatever the cost per barrel. Goes to sea to the refineries. Weeks and weeks. Any fraking oil/gas company can say that to make gas from oil cost more today then yesterday? All the oil/gas companies should just take a 44 magnum in the head.
02-04-2015 | 02:38 PM
#34
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Joined: Aug 2012
Posts: 785
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From: Lake Wallenpaupack, PA
My company is negatively affected too by the low oil. We are a supplier to the oil companies so when they slow down, so to we. My company announced layoffs for March already. Hoping this is short lived! It's nice to pay less at the pump but it really hurts a lot of Americans whose jobs depend on offshore drilling and oil production.
02-04-2015 | 02:51 PM
#36
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Same goes for Natural Gas all these great brain trust (That are real book smart not very street smart) seem to forget that there are not many facilities in the world designed for import. The ones that are, have a 10yr "train" of product scheduled. So where are we going to export to???
The market is leveling out. The Young speculators are getting crushed. One of the Biggest 6oil traders went bust http://www.slideshare.net/SimonJacques1/ow-bunker-the-worlds-largest-marine-fuel-trader-went-into-bankruptcy
Natural gas would be ideal for home consumption (North American Market) as an alternative to coal/oil and the string of nuclear plant closures.
The OW Bunker collapse was a stock scam gone bad.....Company was around for almost 40 years, went public early 2014 (almost a billion dollar market cap.) and by November it was broke?
02-04-2015 | 03:12 PM
#37
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Joined: Jul 2003
Posts: 4,282
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From: Tulsa, GLOC
That is exactly what I read- Several refinery workers striking. That is why gas is up- and they are getting ready to switch to Summer Sucks blends
02-04-2015 | 03:33 PM
#38
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Joined: Sep 2011
Posts: 389
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From: Moscow OH.
http://www.eia.gov/dnav/pet/hist/Lea...s=MGFEXUS1&f=M
Hope this link works. The US oil industry exported more finished gasoline the last few years than any time in history. While we paid high prices here so the industry could make large profits shipping our resources out of the country.
Hope this link works. The US oil industry exported more finished gasoline the last few years than any time in history. While we paid high prices here so the industry could make large profits shipping our resources out of the country.
