April 20, 20205 yr 3 minutes ago, TonyTexas said: Does the strategic petroleum reserve have it’s own storage? If I'm Trump right now, I'm beating the congressional doors down to completely fill it up right now.
April 20, 20205 yr Just now, Trey3216 said: If I'm Trump right now, I'm beating the congressional doors down to completely fill it up right now. this needs to happen, asap
April 20, 20205 yr Needs ti happen but won't do much. 40 millions bbls of saudi crude hitting the ship channel this week.
April 20, 20205 yr 4 hours ago, Moby Ric said: Is it time to buy in now? Cause holy shit. That red barchetta ain't gonna pay for itself
April 20, 20205 yr What’s the going monthly rental on a 130bbl trailer or 400bbl tank? Asking for a developing business opportunity.
April 20, 20205 yr Just now, Moby Ric said: JFC a cup of coffee is more expensive than a barrel of oil right now. A Starbucks unicorn sourced bottle of water is about the same price.
April 20, 20205 yr is this true, i just got an alert that oil hit 5.00 a barrel??? i mean is now the time to bet the farm? It has to go back up right ?
April 20, 20205 yr Just now, Sgt Hulk said: is this true, i just got an alert that oil hit 5.00 a barrel??? i mean is now the time to bet the farm? It has to go back up right ? That was so 30 minutes ago.
April 20, 20205 yr Did anyone ever think oil per barrel would be trading for less than a gallon of gasoline at the pump?
April 20, 20205 yr 1 minute ago, Sgt Hulk said: is this true, i just got an alert that oil hit 5.00 a barrel??? i mean is now the time to bet the farm? It has to go back up right ? You might want to take a second to understand what’s happening and why.
April 20, 20205 yr Just now, TonyTexas said: You might want to take a second to understand what’s happening and why. I admit i have zero knowledge of this other than califonia gas is 2.50 a gallon ive never seen that, i attribute it to no planes trains or automobiles moving and a huge glut of supply
April 20, 20205 yr 19 minutes ago, Horns99 said: Below 3 now... might test negative Who posted a week or so back about some $0.50 contracts on the market?
April 20, 20205 yr The June futures are trading at $22. Is anything going to change, storage-wise in the next 30 days that will prevent this from repeating?
April 20, 20205 yr Did they not do the math when we bought all that oil to fill the reserves? So now we have ships full of oil but no where for it to go?
April 20, 20205 yr Did they not do the math when we bought all that oil to fill the reserves? So now we have ships full of oil but no where for it to go?We didn’t buy any to fill SPR.
April 20, 20205 yr 7 minutes ago, TonyTexas said: The June futures are trading at $22. Is anything going to change, storage-wise in the next 30 days that will prevent this from repeating? If well prices are negative, anyone (who can) will shut in.
April 20, 20205 yr None of this makes sense to me. How is it negative? Are we talking physical real life inventory? As in if I had 5000 gallon tank truck someone would pay me to roll in and fill my tank up ? Edited April 20, 20205 yr by UT_OB1
April 20, 20205 yr Just now, UT_OB1 said: None of this makes sense to me. How is it negative? Are we talking physical real life inventory? As in if I had 5000 gallon tank truck someone would pay me to roll in and unload some? I would think so, yes.
April 20, 20205 yr None of this makes sense to me. How is it negative? Are we talking physical real life inventory? As in if I had 5000 gallon tank truck someone would pay me to roll in and fill my tank up ? BYOBbl
April 20, 20205 yr 1 minute ago, UT_OB1 said: None of this makes sense to me. How is it negative? Are we talking physical real life inventory? As in if I had 5000 gallon tank truck someone would pay me to roll in and fill my tank up ? you'd make more money letting guys pay you to fill up your wife and/or gf
April 20, 20205 yr 2 minutes ago, UT_OB1 said: None of this makes sense to me. How is it negative? Are we talking physical real life inventory? As in if I had 5000 gallon tank truck someone would pay me to roll in and fill my tank up ? Don't discount the fact that you'd have to drive said truck to Cushing, Oklahoma. You'd have to pay me a lot of money to willingly set foot in Oklahoma.
April 20, 20205 yr 3 minutes ago, tx 3 putt said: you'd make more money letting guys pay you to fill up your wife and/or gf How much we talking? Enough to retire 5-10 years sooner if we squirrel it all away?Sign me up the fuck up (or her, at least) And yeah, I’m not thinking about the huge profit at getting paid $1 a barrel to take it. I’m thinking surely this has to rebound back in to the 20s before the end of the year at least. Edited April 20, 20205 yr by UT_OB1
April 20, 20205 yr 1 minute ago, tokamak said: Don't discount the fact that you'd have to drive said truck to Cushing, Oklahoma. You'd have to pay me a lot of money to willingly set foot in Oklahoma. Haven’t been to Cushing, is it worse than Ardmore or McAlester? I can handle those places. Is it near Wynnewood? Tiger King trip!
April 20, 20205 yr 4 minutes ago, Moby Ric said: -$7 How is it trading below 0? Guys finding out the hard way that its a deliverable commodity
April 20, 20205 yr It's like when you have an old appliance that still technically works, but nobody wants it because they have no room for another appliance even if it works. End up having to pay someone to come haul it off for you.
April 20, 20205 yr 2 minutes ago, UT_OB1 said: Haven’t been to Cushing, is it worse than Ardmore or McAlester? I can handle those places. Is it near Wynnewood? Tiger King trip! yes, it sucks
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