Hope the airlines and cruise lines are stocking up.
The great 90’s again where you could fill your tank for 10 bucks. Gas was around 90 cents a gallon. Love to go back to that.
Wholesale gasoline is currently 30 cents less than ethanol.
Trump should issue an executive order to allow refiners to eliminate ethanol from the gasoline during this period.
I recall a cover story in the late 90’s from: The Economist: $5.00 Oil
They apologized for ‘getting it SO incorrect’ within the next 12 months.
Investing advise:
1) Sell the rumor, buy the fact.
2) Sheep will be shorn and lambs will be fleeced.
3) It’s NOT the news, it’s how the market react to the news.
Keep these three things in mind over the next few months...
“Be prosperous, you will...” ( attributed to a small greenish investor from the future).
I don’t think there are any producers who can sustain $10/bbl. Not even Saudi Arabia. Therefore, I really don’t think we’ll see $10/bbl oil.
I’d love to see $10 a barrel oil...IF it didn’t harm US producers.
$10 oil would kill our domestic energy industry.
I’d rather pay $2.50/gal and be energy independent.
There’s a visceral satisfaction in raising a national middle finger to the sand maggots.
Saw $1.649 this morning...25¢ less than I filled up for just a few days back.
“Oil Price” is pretty good when it sticks to what is happening in the oilfield relative to exploration and new fields of production, rig count, current production, demand salaries etc.
Never forget they are not honest brokers of truth if it is political. They are left of center and not to be trusted except on basic facts that can be confirmed. When an article talks about global politics more than the basic oilfield that is a sign of “beware what they say.”
I read “Oil Price.” The first half of my life was in the oilfields. I know Bull Sh-t in relationship to the oilfield when I read it.
No
The oil exploitation and delivery system cannot operate on $10. There has to be a threshold.
As soon as the stock markets entered the Ponzi-Scheme mode, and brick & mortar/ physical MANUFACTURED inventory got replaced with hope and hype, I bailed...could not find a logical metric with which to gauge my investment possibilities. Too many companies being held afloat by another bunch of suckers blowing into more and more straws.
I didn’t lose a penny in 2008, and I haven’t lost anything this time around either
FTA: “” before, during and after the 2008 Global Financial Crisis. At that time most analysts were continuously behind the facts, consequently underestimating what would happen next, because reality went against ideas and conviction that had become loved in the financial community, such as the perfect market theory and the idea that through derivates risks could be managed away. For most financial strategists, it was simply too painful for many to acknowledge these ideas were incorrect (or at a minimum: contained serious flaws), even though the evidence was there, which would eventually lead Queen Elizabeth to ask them “Why did no one see this coming?”.””