is he no longer here?
Posted on 08/18/2016 4:42:04 PM PDT by BlackVeil
Oil prices officially charged into a bull market Thursday as the prospect of an output freeze by major producers, data showing the first weekly fall in U.S. crude supplies in a month, and a decline in the dollar boosted prices.
Crude-oil prices have advanced more than 20% from their Aug. 2 low over the past several sessions...September West Texas Intermediate crude CLU6, +0.23% climbed by $1.43, or 3.1%, to settle at $48.22 a barrel
(Excerpt) Read more at marketwatch.com ...
Isn’t it great to know the American consumer has a fracking boom in his back pocket just in case.
That is unless the opec who*e gets elected.
U talkin’ ‘bout the Chief Muzzie Sis?
BFD, my tactical auto fuel reserve still has ~3 months left. Well psst Labor Day and the peak of the Wild Weather in the Gulf period.
Thnx though, someone has to step up to replace thakney..
“a couple of hurricanes in the Gulf of Mexico would help.”
“When oil really rises in price, it will be fast and high - that is the nature of commodities.”
Yep. I’m predicting it goes through the ROOF to coincide with the BRUTAL Winter we in the Upper Midwest are predicted to have this coming season.
“Barrack 0bama Hates White People of Western European Heritage!”
*SNORT*
thackney....
“Death to Americans!” - Hussein
It’s a mistake to think that domestic can’t be brought back into production.
We’re topped off and First On The List for additional Propane this season. The problem will be, with the massive snow predicted, can the supplier GET to us?
We shall see, though I’d hate to have to burn Granny’s rocker for warmth! ;)
They’re predicting, ‘The Winter of 1976’ all over again for us.
Again, We Shall See.
Pretty much! He’s got his; Ef the rest of us!
*SPIT*
More blankets. Plus when it’s cold, the sun is out during the day. Solar energy is there for the taking, especially after all the trees are dropped...
They say he has a brother named Frackney.
is he no longer here?
The sad thing is that little of this movement is based on market fundamentals. Such is the world of ZIRP and central bank market manipulation.
Dollar strength, short coverings, pure speculation, all play a much bigger part in the price than production / supply / demand.
On the positive side, oil gets back to $60+ the rig count is going to go back up. It’s already increasing. One thing left out of this article, there is a lot of oil being stored offshore in tankers. Partly of necessity and party because the owners are hoping for higher prices before they have to unload. Also, some of the “draw downs” are not really so, just oil being moved to a different quadrant of the US - only the draw is getting reported.
Texas will have weathered the storm if it goes over $50. God bless our frackers who have learned how to stay in business at below $35/bbl. They are heroes.
For later.
Just in time for Labor Day.
“thackney....”
I really, really miss his input. I wish he’d come back.
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