Hard On The Wind 388 Posted April 5, 2020 Share Posted April 5, 2020 Oil pricing had a massive rally on Thursday after Trump spoke of his OPEC meeting hallucination at the daily pandemic briefing/campaign rally. Quote The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, amid mounting tensions between Saudi Arabia and Russia. The meeting will now “likely” be held on Thursday, sources said. The Monday meeting was set after President Donald Trump said to CNBC on Thursday that he expected Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman to announce a deal to cut production by up to 15 million barrels, and that he had spoken to both countries’ leaders. https://www.cnbc.com/2020/04/04/oil-set-to-crater-monday-as-opec-meeting-delayed-tensions-flare-between-saudi-arabia-and-russia.html Link to post Share on other sites
SloopJonB 12,578 Posted April 5, 2020 Share Posted April 5, 2020 Trying to get the price of gas up. It's really true that there is absolutely nothing he can't fuck up. Link to post Share on other sites
billy backstay 1,686 Posted April 5, 2020 Share Posted April 5, 2020 6 minutes ago, atyourcervix said: why should a libtard from vancouver give two fucks about oil prices? When did you pull your head out of greta's asshole? You're just going on ignore, you Regressive Troll Wanker!!! Link to post Share on other sites
Blue Crab 2,448 Posted April 5, 2020 Share Posted April 5, 2020 The rock and a hard place: Who would you rather have pissed at you: MBS or Putin? Trump might think he is an equal to these two. He would be the only one of the seven billion of us to think so. And he owes them both money. His utility ends in Nov. What then? Link to post Share on other sites
Hard On The Wind 388 Posted April 5, 2020 Author Share Posted April 5, 2020 1 minute ago, Blue Crab said: The rock and a hard place: Who would you rather have pissed at you: MBS or Putin? Trump might think he is an equal to these two. He would be the only one of the seven billion of us to think so. And he owes them both money. His utility ends in Nov. What then? Tar and feathers. Link to post Share on other sites
Laker 318 Posted April 5, 2020 Share Posted April 5, 2020 36 minutes ago, atyourcervix said: why should a libtard from vancouver give two fucks about oil prices? When did you pull your head out of greta's asshole? Highest gas prices in North America. Link to post Share on other sites
Left Shift 3,617 Posted April 5, 2020 Share Posted April 5, 2020 1 hour ago, atyourcervix said: why should a libtard from vancouver give two fucks about oil prices? When did you pull your head out of greta's asshole? LB is that you? Link to post Share on other sites
AJ Oliver 1,925 Posted April 5, 2020 Share Posted April 5, 2020 2 hours ago, atyourcervix said: why should a libtard from vancouver give two fucks about oil prices? When did you pull your head out of greta's asshole? And I guess that's why we call them the Reich . . sung to the tune of . . Link to post Share on other sites
SloopJonB 12,578 Posted April 5, 2020 Share Posted April 5, 2020 3 hours ago, billy backstay said: You're just going on ignore, you Regressive Troll Wanker!!! I should give you a downer for quoting the idiot but you redeemed yourself by hitting the button. Link to post Share on other sites
Ed Lada 5,106 Posted April 5, 2020 Share Posted April 5, 2020 7 hours ago, SloopJonB said: I should give you a downer for quoting the idiot but you redeemed yourself by hitting the button. I am sure Billy is just so grateful for your magnanimous gesture! Link to post Share on other sites
SloopJonB 12,578 Posted April 5, 2020 Share Posted April 5, 2020 As well he should be. I'm on a very public crusade. And I've got a lot of time on my hands. Link to post Share on other sites
Fakenews 1,558 Posted April 17, 2020 Share Posted April 17, 2020 Trump has dislocated his shoulder patting himself on the back over the “historic, no one has seen anything like it” OPEC production cut. But the oil markets don’t care, WTI is below $18 Link to post Share on other sites
Raz'r 5,184 Posted April 17, 2020 Share Posted April 17, 2020 21 minutes ago, Fakenews said: Trump has dislocated his shoulder patting himself on the back over the “historic, no one has seen anything like it” OPEC production cut. But the oil markets don’t care, WTI is below $18 Oil producers are notorious cheaters. When will the Trump have the US join OPEC? Link to post Share on other sites
Ishmael 10,577 Posted April 17, 2020 Share Posted April 17, 2020 3 hours ago, Raz'r said: Oil producers are notorious cheaters. When will the Trump have the US join OPEC? Never. He's more of a quitter than a joiner. Link to post Share on other sites
Fakenews 1,558 Posted April 20, 2020 Share Posted April 20, 2020 Trumps doing about a good job at propping up the price of oil as he is at mounting a Coronavirus response. WTI is about to break $15/barrel today. Equities are headed back down bigly as well. Traders just haven’t figured that out yet. https://www.cnbc.com/2020/04/20/oil-markets-us-crude-futures-in-focus-as-coronavirus-dents-demand.html Link to post Share on other sites
El Borracho 2,626 Posted April 20, 2020 Share Posted April 20, 2020 On 4/4/2020 at 6:15 PM, SloopJonB said: Trying to get the price of gas up. It's really true that there is absolutely nothing he can't fuck up. Defies reason. The only hard and fast rule is Everything Trump touches turns to shit. Link to post Share on other sites
Not for nothing 493 Posted April 20, 2020 Share Posted April 20, 2020 On 4/4/2020 at 9:20 PM, atyourcervix said: When did you pull your head out of greta's asshole? Wow she was right ! planes stop flying and air pollution / smog clears up. Link to post Share on other sites
Not for nothing 493 Posted April 20, 2020 Share Posted April 20, 2020 Questions of the day: Has Donnie boy ever told the true about anything? I think it's funny that people that play the market actually believe him , or is just a big Ponzi scheme, that the big boys are playing? lowest gas price how much and where? Link to post Share on other sites
Ishmael 10,577 Posted April 20, 2020 Share Posted April 20, 2020 1 minute ago, Not for nothing said: Questions of the day: Has Donnie boy ever told the true about anything? I think it's funny that people that play the market actually believe him , or is just a big Ponzi scheme, that the big boys are playing? lowest gas price how much and where? No. Yes, no, maybe. Free. Don't siphon out of the black water tank. Link to post Share on other sites
Fakenews 1,558 Posted April 20, 2020 Share Posted April 20, 2020 Oil his $0.01/barrel. Yeah I know it’s the May contract but June is at $20. The jobs losses and bankruptcies in the oil sector will be something to watch. Link to post Share on other sites
Rain Man 1,968 Posted April 20, 2020 Share Posted April 20, 2020 Western Canadian Select (tar sands bitumen mixed with condensate) went negative this morning. They are paying people to take the stuff. YCMTSU. Link to post Share on other sites
Raz'r 5,184 Posted April 20, 2020 Share Posted April 20, 2020 14 minutes ago, Rain Man said: Western Canadian Select (tar sands bitumen mixed with condensate) went negative this morning. They are paying people to take the stuff. YCMTSU. That shit was a good idea, maybe, before fracking. It makes no sense at all now. Link to post Share on other sites
Rain Man 1,968 Posted April 20, 2020 Share Posted April 20, 2020 10 minutes ago, Raz'r said: That shit was a good idea, maybe, before fracking. It makes no sense at all now. Yup. Only problem is, an entire Canadian province based its economic future on the stuff, failing to diversify their economy when they had the money and opportunity to do so. They are in deep shit now. I spent a couple of weeks in Ft. McMurray working on the ground at Syncrude back in the early days. I had an opportunity to see what was going on up close and personal. What a mess. I couldn't get out of there fast enough. Link to post Share on other sites
dylan winter 1,960 Posted April 20, 2020 Share Posted April 20, 2020 14 hours ago, Not for nothing said: Wow she was right ! planes stop flying and air pollution / smog clears up. and the link between death rates/cities/smog basically if you live in a city and you get coronovirus then you are more likely to die https://www.bbc.co.uk/news/health-52351290 still a few could in here but... High levels of air pollution could raise the risk of dying from Covid-19, two studies suggest. Dr Maria Neira, of the World Health Organization (WHO), told BBC News countries with high pollution levels, many in Latin America, Africa and Asia, should ramp up their preparations. Those with underlying pollution-related conditions have developed severe Covid-19 in countries with high levels. But medical professionals say it is too early to prove a direct relationship. "We will be doing a map of most polluted cities based on our database to support national authorities in these regions so that they can prepare their epidemic response plan accordingly," Dr Neira said. Image copyright Eduardo Munoz Alvarez Image caption The Harvard study suggests lower pollution levels in the years before the pandemic could have resulted in a significant decrease in Covid-19 death rates A US study suggests Covid-19 death rates rise by about 15% in areas with even a small increase in fine-particle pollution levels in the years before the pandemic. "Patterns in Covid-19 death rates generally mimic patterns in both high population density and high [particulate matter] PM2.5 exposure areas," the Harvard University report says. These particles, one-30th the diameter of a human hair, have previously been linked to health issues including respiratory infections and lung cancer. The Harvard study has not yet been peer reviewed but Ludwig Maximilian University of Munich chair of epidemiology Air pollution linked to raised Covid-19 death riskProf Annette Peters told BBC News its findings "are in line with earlier reports on hospitalisation and mortality due to pneumonia". "It is one of the first studies substantiating our suspicion and the hypothesis that severity of the Covid-19 infection may be augmented by particulate matter air pollution," she said. Report author Prof Francesca Dominici said: "We hope it will help stop the air quality from getting worse, particularly when we are hearing about authorities trying to relax pollution rules amid this pandemic." Another study, at the University of Siena, in Italy, and Arhus University, in Denmark, suggests a possible link between high levels of air pollution and Covid-19 deaths in northern Italy. The Lombardy and Emilia Romagna regions had death rates of about 12%, compared with 4.5% in the rest of Italy. The study, published in Science Direct, says: "The high level of pollution in northern Italy should be considered an additional co-factor of the high level of lethality recorded in that area." Population, age, differing health systems, and a variation in prevention policies across regions should also be taken into account. A SIMPLE GUIDE: How do I protect myself? AVOIDING CONTACT: The rules on self-isolation and exercise HOPE AND LOSS: Your coronavirus stories LOOK-UP TOOL: Check cases in your area VIDEO: The 20-second hand wash STRESS: How to look after your mental health Meanwhile, in the Philippines, Cesar Bugaoisan, of the Association for Respiratory Care Practitioners, said: "In our preliminary data, almost all of the dead individuals in the country due to coronavirus had pre-existing conditions, most of them linked to air pollution." Air pollution already kills about seven million people every year, the WHO says. And more than 90% of the world's population live in places where air pollution exceeds its guideline limits, mostly in poor countries. Many of the affected countries are in South Asia, the Middle East, sub-Saharan and North Africa, according to a World Bank report last year. Cities in Chile, Brazil, Mexico and Peru also have dangerous levels of air pollution, according to several WHO and United Nations reports. But the World Air Quality Report 2019 suggests India has the most cities with high air pollution levels. India has recorded 521 Covid-19 deaths so far. Dr S K Chhabra, pulmonary department head at Primus Super Speciality Hospital, in Delhi, said: "If we see a significant rise in the spread of the virus, people with underlying conditions because of air pollution will definitely be the worst affected." And Public Health Foundation India president Prof Srinath Reddy said: "If air pollution has already damaged the airways and lung tissue, there is reduced reserve to cope with the onslaught of coronavirus." But Dr Rajni Kant Srivastava, of the Indian Council for Medical Research, said: "There is not enough evidence and we have also not carried out any such study." Image copyright Mario Tama Image caption Cities in Chile, Brazil, Mexico and Peru also have dangerous levels of air pollution The 2002 severe acute respiratory syndrome (Sars) outbreak, caused by a different strain of coronavirus, infected more than 8,000 people, in 26 countries, and killed almost 800. And a 2003 University of California, Los Angeles study suggested people from areas of high air pollution were more than twice as likely to die from the disease. Boris has always lived in London and has been a keen commuting cyclist If there is an upside to this.... then maybe banning diesels from our city centres would be a good start Dylan (ex VW diesel driver - double bad man) Link to post Share on other sites
Raz'r 5,184 Posted April 20, 2020 Share Posted April 20, 2020 7 minutes ago, Rain Man said: Yup. Only problem is, an entire Canadian province based its economic future on the stuff, failing to diversify their economy when they had the money and opportunity to do so. They are in deep shit now. I spent a couple of weeks in Ft. McMurray working on the ground at Syncrude back in the early days. I had an opportunity to see what was going on up close and personal. What a mess. I couldn't get out of there fast enough. I've seen the photos. Strip and open pit mining is awful. That is worse. It must be the worse thing humans can do to an environment. It's worse than a garbage dump, as eventually a dump can be a park. Link to post Share on other sites
Raz'r 5,184 Posted April 20, 2020 Share Posted April 20, 2020 5 minutes ago, Cristoforo said: This is what happens when you allow dead Indians to keep you from expanding an already existing pipeline to the west coast. Umm, what pipeline would carry that shit anywhere? It's abrasive, requires being heated to even move, destroys the pipes, few refineries can take it, especially those on the west coast. Sounds like a stupid comment from one of the no-nothings. Link to post Share on other sites
Rain Man 1,968 Posted April 20, 2020 Share Posted April 20, 2020 8 minutes ago, Cristoforo said: This is what happens when you allow dead Indians to keep you from expanding an already existing pipeline to the west coast. This is what happens when you squander billions in trust funds intended to diversify a provincial economy. It is what happens when political leadership is captured by industry. Alberta could have been Norway. Instead, its economy is toast. Those who believe the solution is expanding the export market for a product nobody wants and would have to build special refineries for are hopeless dreamers. I grew up there, moved away, and watched in horror as this situation developed over many years. You could see it coming. Link to post Share on other sites
Fakenews 1,558 Posted April 20, 2020 Share Posted April 20, 2020 Just now, Raz'r said: Umm, what pipeline would carry that shit anywhere? It's abrasive, requires being heated to even move, destroys the pipes, few refineries can take it, especially those on the west coast. Sounds like a stupid comment from one of the no-nothings. He’s an LIS halfwit. There’s something in the water. Most likely lead. Link to post Share on other sites
Raz'r 5,184 Posted April 20, 2020 Share Posted April 20, 2020 1 minute ago, Rain Man said: This is what happens when you squander billions in trust funds intended to diversify a provincial economy. Alberta could have been Norway. Instead, its economy is toast. Those who believe the solution is expanding the export market for a product nobody wants and would have to build special refineries for are hopeless dreamers. I grew up there, moved away, and watched in horror as this situation developed over many years. You could see it coming. I think it's a common mindset - Northern Mn is my origination - the mines peaked in '79. Yet they folks there, almost every coffee chat with the old men in the cafe (what cafe's are still there) are talking about the possible investment of this company, or that company. example: for 20 years they talked about this iron mine near that small town. The state finally ponied up $1B for joint investment in a combo mine/rolled steel plant. They clear cut 160 acres, build power lines into the site, built some of the massive buildings. Then, when the money ran out, the company went bankrupt and walked away (a subsidiary of Acelor Mittal) Link to post Share on other sites
Raz'r 5,184 Posted April 20, 2020 Share Posted April 20, 2020 10 minutes ago, Mismoyled Jiblet. said: Us May futures settled at -$37.63/bbl. bumped up a bit, only -$25 now https://www.marketwatch.com/investing/future/clk20 Good opportunity to flood the Strategic Reserve? Link to post Share on other sites
Fakenews 1,558 Posted April 20, 2020 Share Posted April 20, 2020 Meanwhile the Trump admin has us poised for another Deepwater Horizon https://www.huffpost.com/entry/deepwater-horizon-oil-spill-10-year-anniversary_n_5e9a369ec5b63639081e9f8b Link to post Share on other sites
Rain Man 1,968 Posted April 20, 2020 Share Posted April 20, 2020 14 minutes ago, Raz'r said: Good opportunity to flood the Strategic Reserve? If you are willing to fill it with dilbit, they'll pay you to take the stuff off their hands. Link to post Share on other sites
Ishmael 10,577 Posted April 20, 2020 Share Posted April 20, 2020 -$38.40/bbl A 310% drop. That must be some sort of record. Link to post Share on other sites
Sol Rosenberg 10,153 Posted April 20, 2020 Share Posted April 20, 2020 1 hour ago, Raz'r said: Good opportunity to flood the Strategic Reserve? Socialism! Drill Baby Drill. Link to post Share on other sites
El Borracho 2,626 Posted April 20, 2020 Share Posted April 20, 2020 2 hours ago, Rain Man said: This is what happens when you squander billions in trust funds intended to diversify a provincial economy. But all the rednecks in Alberta got new pickup trucks, right? That is the usual boom/bust cycle indicator. Link to post Share on other sites
Zonker 5,241 Posted April 20, 2020 Share Posted April 20, 2020 I am personally waiting until the local gas stations start pricing gas in negative numbers. You know - fill up with 40 litres and we'll give you a (sanitized) $20. Link to post Share on other sites
Rain Man 1,968 Posted April 20, 2020 Share Posted April 20, 2020 1 hour ago, Cristoforo said: Not that crap but crude oil. Canada positioned itself to have one major customer for crude oil exports. Line 9, Portland Pipeline reversal,Trans Mountain. All dead dead dead. Instead it dribbles out like the soup from an old man’s mouth after a stroke. Trans Mountain isn't dead, yet. The business case is looking worse by the day though. The port it connects to can only handle Aframax tankers, meanwhile many of the VLCC's in the world are currently sitting at anchor full of stored crude from other countries waiting for a market. Even if they (now we, the Canadian taxpayer) build it, it will be a long time before it pays for itself, let alone turns a profit. We have to stop subsidizing the oil and gas industry. Link to post Share on other sites
dacapo 1,574 Posted April 20, 2020 Share Posted April 20, 2020 1 hour ago, Sol Rosenberg said: Socialism! Drill Baby Drill. they are. US is purchasing 75 mil. barrels of crude to top off the strategic reserves...... Link to post Share on other sites
Raz'r 5,184 Posted April 20, 2020 Share Posted April 20, 2020 5 minutes ago, dacapo said: they are. US is purchasing 75 mil. barrels of crude to top off the strategic reserves...... they aren't getting paid? Typical US GOP gov't f'up. Link to post Share on other sites
Fakenews 1,558 Posted April 20, 2020 Share Posted April 20, 2020 2 minutes ago, Cristoforo said: . 75 million banks is 3.5 days of US consumption. Control yourself More than that as of lately Link to post Share on other sites
Rain Man 1,968 Posted April 20, 2020 Share Posted April 20, 2020 Just now, Cristoforo said: Vancouver can take aframax tankers because thats what the port authority says it can take. Nope. Draft-limited. They would have to dredge the harbour to take larger carriers. Link to post Share on other sites
Fakenews 1,558 Posted April 20, 2020 Share Posted April 20, 2020 8 minutes ago, Cristoforo said: How much more genius? Given that daily global crude consumption is down 30%, I’m going to go with 30%. 30%. Final Answer. Halfwit. Link to post Share on other sites
Blue Crab 2,448 Posted April 20, 2020 Share Posted April 20, 2020 50 minutes ago, dacapo said: they are. US is purchasing 75 mil. barrels of crude to top off the strategic reserves...... That's just for "us." The states better cover their own needs. Link to post Share on other sites
Fakenews 1,558 Posted April 20, 2020 Share Posted April 20, 2020 4 minutes ago, Cristoforo said: Well. You would be wrong. You know, many people prescribe to the protocol of speaking to someone on the inter web as they would in person. If you did that you would get beat up by more than Girl Scouts. I think that makes you a quarter wit. I meant to say nano wit. I apologize to any half wits I may have offended. Link to post Share on other sites
Sean 2,833 Posted April 20, 2020 Share Posted April 20, 2020 Here’s the problem - https://www.nytimes.com/2020/03/26/business/energy-environment/oil-storage.html The World Is Running Out of Places to Store Its Oil A chaotic mismatch between the supply and demand for oil is saturating the world’s ability to store it all. Excerpt - “For the first time in history we are seeing the likelihood that the market will test storage capacity limits within the near future,” said Antoine Halff, a founding partner of Kayrros, a market research firm. As storage space becomes harder to find, the prices, which have already fallen more than half this year, could drop even further. And companies could be forced to shut off their wells. This chaotic mismatch in supply and demand has benefited consumers, who have watched gasoline prices slide lower. Link to post Share on other sites
Fakenews 1,558 Posted April 20, 2020 Share Posted April 20, 2020 1 minute ago, Cristoforo said: And the Girl Scouts? I’m pretty sure I didn’t offend any of your fellow Girl Scouts. Link to post Share on other sites
Laker 318 Posted April 21, 2020 Share Posted April 21, 2020 Might be interesting in terms of the Jones Act if they start storing oil on Supertankers given the anchorages available and hurricane season. Link to post Share on other sites
Zonker 5,241 Posted April 21, 2020 Share Posted April 21, 2020 3 hours ago, Cristoforo said: Vancouver can take aframax tankers because thats what the port authority says it can take You're not familiar with the local infrastructure. There is a key highway bridge on the route that tankers have to take. Really CAN'T fit much bigger tankers under the bridge. If a tanker strayed off course and the funnel or wheelhouse hits the bridge, it's coming down. Link to post Share on other sites
El Borracho 2,626 Posted April 21, 2020 Share Posted April 21, 2020 2 hours ago, Sean said: ...The World Is Running Out of Places to Store Its Oil... YEs, seems the geniuses in the capitalist world miscalculated. However the Chinese seem to have places to store the oil and are buying heavily. Point to those central planning commies. I'm thinking there must be a water storage reservoir somewhere in Texas that could be repurposed for crude oil storage, no? Who could object? Link to post Share on other sites
Fakenews 1,558 Posted April 21, 2020 Share Posted April 21, 2020 1 minute ago, El Boracho said: YEs, seems the geniuses in the capitalist world miscalculated. However the Chinese seem to have places to store the oil and are buying heavily. Point to those central planning commies. I'm thinking there must be a water storage reservoir somewhere in Texas that could be repurposed for crude oil storage, no? Who could object? DeSantis would probably offer to store it in the aquifer. Link to post Share on other sites
Laker 318 Posted April 21, 2020 Share Posted April 21, 2020 33 minutes ago, Cristoforo said: There are only a handful of Jones Act ‘super tankers’ and they are far too expensive to use for storage. Excess US crude is stored on foreign flag ships in the gulf. Around the world there is no shortage of anchorages and hurricanes are not an issue 34 minutes ago, Cristoforo said: The reason I brought this up is that it is an issue. The tankers usually hide in Norwegian Fjords where they cant get hurt. East coast of the US. Nice and flat. Can't hide. There are not more than a handful of suitable tankers under US flag. Remember I said suitable. Big storm comes up and they have to move. The big refueling buoys out in the Gulf are outside of Jones act areas for a reason. The way the act reads is that once a non-US flagged ship hits the dock on a commercial voyage, leaves the 3 mile limit, it cannot directly return to a US port. El Orango would have to set up an executive order to over-ride. Link to post Share on other sites
jhc 173 Posted April 21, 2020 Share Posted April 21, 2020 " World is running out of places to store oil" How about in the earth? The USA is not so much a failed state, as humans are a failed race. We are giving trillions of dollars to the Military, Oil industry, Weapons manufacturers, Banks, Airline companies, and etc... They are All failed industries. And we are borrowing money from China, to GIVE to these FAILED schemes. All these industries are killing us, in higher, more numbers than the virus. And that says a lot... How long 'till we stop this? Link to post Share on other sites
Remodel 837 Posted April 21, 2020 Share Posted April 21, 2020 Such a lot of disinformation in this thread. Tell you what, I'll stay out of this one let you gang have fun sorting it out. Good luck! Link to post Share on other sites
Raz'r 5,184 Posted April 21, 2020 Share Posted April 21, 2020 3 minutes ago, Remodel said: Such a lot of disinformation in this thread. Tell you what, I'll stay out of this one let you gang have fun sorting it out. Good luck! It’s a bad financial trade. A few traders are gonna take it in the shorts Black Swan style, and life will go on. One of my cars is down to 1/2 tank so I might fill that one. Link to post Share on other sites
Bill E Goat 425 Posted April 21, 2020 Share Posted April 21, 2020 Love the thought of some useless futures trader sitting in his office going fuck I just ended up with all this oil nobody wants. They are cunts Link to post Share on other sites
SloopJonB 12,578 Posted April 21, 2020 Share Posted April 21, 2020 3 hours ago, Zonker said: You're not familiar with the local infrastructure. There is a key highway bridge on the route that tankers have to take. Really CAN'T fit much bigger tankers under the bridge. If a tanker strayed off course and the funnel or wheelhouse hits the bridge, it's coming down. No, no, no Zonk. Cristo is almost as smart and knowledgeable as Trump. There'd be no problem bringing VLCC's through the second narrows to load up if those bureaucrats would just give the word. Link to post Share on other sites
Rain Man 1,968 Posted April 21, 2020 Share Posted April 21, 2020 1 hour ago, SloopJonB said: No, no, no Zonk. Cristo is almost as smart and knowledgeable as Trump. There'd be no problem bringing VLCC's through the second narrows to load up if those bureaucrats would just give the word. To be fair, he did say we'd have to dredge the harbour and rebuild the bridges. Just add a few billion more to the cost of delivering oil that costs much more to produce than we can sell it for to the market. And hey, those bridges are getting a bit long in the tooth anyway. Link to post Share on other sites
Mid 4,403 Posted April 21, 2020 Share Posted April 21, 2020 Crash! US crude futures turn negative for first time in history Quote Negative prices signal traders would pay to have oil taken off their hands as supply glut tests storage capacity. https://www.aljazeera.com/ajimpact/crash-crude-futures-turn-negative-time-history-200420183431731.html Link to post Share on other sites
Sol Rosenberg 10,153 Posted April 21, 2020 Share Posted April 21, 2020 Gonna need a good war to work that surplus down and get the economy running again. Venezuela or Iran? Link to post Share on other sites
Mid 4,403 Posted April 21, 2020 Share Posted April 21, 2020 Panic'd a bit early me thinks Quote The US Energy Information Administration last week reported a record 19.3 million-barrel crude stock build. There is currently a remaining 21 million barrels of storage available at the Cushing hub in Cushing, Oklahoma. https://www.aljazeera.com/ajimpact/crash-crude-futures-turn-negative-time-history-200420183431731.html Link to post Share on other sites
DustyDreamer 268 Posted April 21, 2020 Share Posted April 21, 2020 2 hours ago, Sol Rosenberg said: Gonna need a good war to work that surplus down and get the economy running again. Venezuela or Iran? This "administration" is just stupid enough to make it China. Wherein both sides loose. Link to post Share on other sites
jerseyguy 1,710 Posted April 21, 2020 Share Posted April 21, 2020 1 minute ago, DustyDreamer said: This "administration" is just stupid enough to make it China. Wherein both sides loose. Even Trump isn’t that stupid. He will just put blue states under martial law because they have been mean to him. Have a lot of military personnel driving around aimlessly enforcing some sort of bogus house arrest. Punish the blue states and burn up fuel. Link to post Share on other sites
DustyDreamer 268 Posted April 21, 2020 Share Posted April 21, 2020 3 minutes ago, jerseyguy said: Even Trump isn’t that stupid. Every time I think that he's proven me wrong. Every damned time. So I've adjusted my expectations - what's the stupidest most corrupt thing I can think of that he and his cronies could do. Bam... he exceeds that by a mile. So... Link to post Share on other sites
jerseyguy 1,710 Posted April 21, 2020 Share Posted April 21, 2020 2 minutes ago, DustyDreamer said: Every time I think that he's proven me wrong. Every damned time. So I've adjusted my expectations - what's the stupidest most corrupt thing I can think of that he and his cronies could do. Bam... he exceeds that by a mile. So... We all know about “the revolution of rising expectations.” Trump and his elk have given us the revolution of lowering expectations. As you said, think he can’t be any dumber, more corrupt, more vile and loathsome; and bam, he does even worse. Link to post Share on other sites
Rain Man 1,968 Posted April 21, 2020 Share Posted April 21, 2020 4 hours ago, Sol Rosenberg said: Gonna need a good war to work that surplus down and get the economy running again. Venezuela or Iran? Nah, Venezuela wouldn't cost enough. War is about taking taxpayer money and putting it in military contractor's pockets. Iran would probably fit the bill nicely. Trump is afraid of China - they run their country much better than he does and he doesn't understand why he can't emulate them. Besides, China has the US by the economic balls. Link to post Share on other sites
animeproblem 276 Posted April 22, 2020 Share Posted April 22, 2020 On 4/21/2020 at 12:05 AM, Rain Man said: To be fair, he did say we'd have to dredge the harbour and rebuild the bridges. Just add a few billion more to the cost of delivering oil that costs much more to produce than we can sell it for to the market. And hey, those bridges are getting a bit long in the tooth anyway. Yays! think of all the neato jobs for B.C.'s Ironworkers! On the where is the cheapest question? Who the fuck is buying, not me, I'm more concerned with the availability of a bottle of Stabil for whats already in the tank of my little Escort wagon. Link to post Share on other sites
Happy 1,705 Posted April 22, 2020 Share Posted April 22, 2020 Meanwhile, in the more fashionable parts of London, many people are praying that this will reduce the number of 18-to-25-year-old Arab or Russian idiots crashing their Lamborghinis into decent people's parked cars at 1:00 am in the bloody morning. Link to post Share on other sites
Sol Rosenberg 10,153 Posted April 22, 2020 Share Posted April 22, 2020 On 4/21/2020 at 8:16 AM, Sol Rosenberg said: Gonna need a good war to work that surplus down and get the economy running again. Venezuela or Iran? Iran. The Lord of All Bullshitters is nothing if not predictable. Link to post Share on other sites
Fakenews 1,558 Posted April 22, 2020 Share Posted April 22, 2020 2 minutes ago, Sol Rosenberg said: Iran. The Lord of All Bullshitters is nothing if not predictable. Those diabolical Iranians have flying boats? Is this what the future of the Americas Cup looks like? Link to post Share on other sites
AJ Oliver 1,925 Posted April 22, 2020 Share Posted April 22, 2020 Hey, about the title of the thread - pretty good prediction by Hard on the Wind . . Oil set to ‘crater’ Monday. The admiral gassed up this morning, and Big Oil paid her to fill the tank. (Slight exaggeration alert) Link to post Share on other sites
Raz'r 5,184 Posted April 22, 2020 Share Posted April 22, 2020 Since the oil companies are scrambling to find storage space, a lot of use have some, I'd be happy to rent that out. I've got about 15 gallons of capacity available at the moment. Link to post Share on other sites
Ishmael 10,577 Posted April 22, 2020 Share Posted April 22, 2020 Just now, Raz'r said: Since the oil companies are scrambling to find storage space, a lot of use have some, I'd be happy to rent that out. I've got about 15 gallons of capacity available at the moment. What are you going to do with 15 gallons of heavy crude? Link to post Share on other sites
Raz'r 5,184 Posted April 22, 2020 Share Posted April 22, 2020 5 minutes ago, Ishmael said: What are you going to do with 15 gallons of heavy crude? they need to push it through. 15 gallons at the station means 15 gallons free at the refinery means 20 gallons (i forget the exact ratio) of space for crude. Link to post Share on other sites
d'ranger 4,321 Posted April 23, 2020 Share Posted April 23, 2020 Always a silver lining - state we will shoot down gunboats and the price goes up. Never mind how one goes about shooting down a boat, semantics your antics it's who you get irate. Link to post Share on other sites
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