HomeCrude Oil 35.36 -1.14
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3 Re: Crude... 12/14/2015, 11:17 am
2seaoat
Just saw gas back over a 1.90 in Milton........oh the profits being made by big oil.
4 Re: Crude... 12/14/2015, 1:34 pm
TEOTWAWKI
2seaoat wrote:Just saw gas back over a 1.90 in Milton........oh the profits being made by big oil.
just saw a shell in milton at 1.96...can you say gouging ?
5 Re: Crude... 12/17/2015, 4:59 pm
TEOTWAWKI
http://www.zerohedge.com/news/2015-12-16/something-strange-taking-place-middle-atlantic-ocean
Early last month, we noted that something very strange was happening off the coast of Galveston, Texas.
As FT reported, "the amount of oil [now] at sea is at least double the levels of earlier this year and is equivalent to more than a day of global oil supply.” In short: the global deflationary crude supply glut is beginning to manifest itself in a flotilla of stationary supertankers, as millions of barrels of oil are simply stuck in the ocean as VLCCs wait to unload.
Ultimately, this led to nearly 40 crude tankers with a combined cargo capacity of 28.4 million barrels waiting to anchor near Galveston. Here’s what the logjam looked like:
"The idea is to keep tankers on the water as long as you can and try to find a stronger market."
Early last month, we noted that something very strange was happening off the coast of Galveston, Texas.
As FT reported, "the amount of oil [now] at sea is at least double the levels of earlier this year and is equivalent to more than a day of global oil supply.” In short: the global deflationary crude supply glut is beginning to manifest itself in a flotilla of stationary supertankers, as millions of barrels of oil are simply stuck in the ocean as VLCCs wait to unload.
Ultimately, this led to nearly 40 crude tankers with a combined cargo capacity of 28.4 million barrels waiting to anchor near Galveston. Here’s what the logjam looked like:
"The idea is to keep tankers on the water as long as you can and try to find a stronger market."
6 Re: Crude... 12/17/2015, 5:36 pm
boards of FL
INFLAYSIOUN IS GOIN TO XPLODE!!!!111 INERGEE PRICES R GOING 2 XPLODES!!11111 OBAMA KUT NTREST RAYTS AND DID QWANTUTAYTUV EEZING, SOO THAT MEENS THAT INFLAYSIOUN N NERGEE R GOING 2 XPLOD!!!1 END THE FED!!1111 AWDUT THE FED!1111 DONT TRED ON MEE!!111 MARSIAL LAW IS COMING!!111
Stupid people are funny. Right, TEO?
Stupid people are funny. Right, TEO?
7 Re: Crude... 12/17/2015, 6:07 pm
ZVUGKTUBM
TEOTWAWKI wrote: Crude Oil 34.78 -0.84
This is killing thousands of ordinary mom and pop-type folks who happen to own the mineral-rights where energy companies did drilling. These folks generally inherited a small share of minerals passed down through families. Energy companies later negotiated leases to recover the minerals and pay a royalty to the owners of the minerals. The going rate is a 1/6 royalty for all oil and gas recovered. Few get rich from this, but usually end up with a nice supplement to their income.
8 Re: Crude... 12/17/2015, 6:13 pm
TEOTWAWKI
boards of FL wrote:INFLAYSIOUN IS GOIN TO XPLODE!!!!111 INERGEE PRICES R GOING 2 XPLODES!!11111 OBAMA KUT NTREST RAYTS AND DID QWANTUTAYTUV EEZING, SOO THAT MEENS THAT INFLAYSIOUN N NERGEE R GOING 2 XPLOD!!!1 END THE FED!!1111 AWDUT THE FED!1111 DONT TRED ON MEE!!111 MARSIAL LAW IS COMING!!111
Stupid people are funny. Right, TEO?
No first deflation then inflation Boards...ain't you learned nuthin ?
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