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OIL is plummeting
LoP Guest
lop guest
User ID: 473828
12-18-2018 10:52 PM

 




Post: #31
RE: OIL is plummeting
Advertisement
Reversing death fast. From -60 to +173 in the last half an hour.


Dow 23,766.61 173.63 0.74%

S&P 500 2,556.27 10.33 0.41%

Nasdaq 6,810.84 57.11 0.85%

GlobalDow 2,771.23 -11.66 -0.42%

Gold 1,252.60 0.80 0.06%

Oil 46.34 -3.54 -7.10%
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LoP Guest
lop guest
User ID: 473828
12-18-2018 11:04 PM

 




Post: #32
RE: OIL is plummeting
Futures at +46. Yet another day where DOW closed above futures, that means tomorrow it will be more of the same.

And it closed.


Dow 23,675.64 82.66 0.35%

S&P 500 2,546.16 0.22 0.01%

Nasdaq 6,783.91 30.18 0.45%

GlobalDow 2,766.18 -16.71 -0.60%

Gold 1,253.20 1.40 0.11%

Oil 46.30 -3.58 -7.18%
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LoP Guest
lop guest
User ID: 478177
12-18-2018 11:06 PM

 




Post: #33
RE: OIL is plummeting
LoP Guest  Wrote: (12-18-2018 07:17 PM)
Has anyone informed the gas pumps?

At $40 / barrel, should equate to like $2.00 a gallon

taxes fuddamuka taxes
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LoP Guest
lop guest
User ID: 473828
12-19-2018 12:38 AM

 




Post: #34
RE: OIL is plummeting
DOW closed at 82.66

8-2=6

6.66 There ya go. In our faces.
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LoP Guest
lop guest
User ID: 473828
12-19-2018 12:39 AM

 




Post: #35
RE: OIL is plummeting
OIL continues to fall.


Oil 45.91 -3.97 -7.96%
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The Ghost Of LOP
Registered User
User ID: 316589
12-19-2018 12:47 AM

Posts: 24,091




Post: #36
RE: OIL is plummeting
Gas is $2.05 at some of my local stations.

Try Wal-Mart Grocery Pickup !
Order your groceries online: Pick up at local store
They shop and load your car up for you when you show up!
Click the link to sign up and help me earn referring reward:
http://r.wmt.co/v/marshall_29
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LoP Guest
lop guest
User ID: 473828
12-19-2018 12:48 AM

 




Post: #37
RE: OIL is plummeting
The Ghost Of LOP  Wrote: (12-19-2018 12:47 AM)
Gas is $2.05 at some of my local stations.

Is that considered cheap for you? I don´t know what the actual prices there are. I know they pay less than a cent in Venezuela.
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The Ghost Of LOP
Registered User
User ID: 316589
12-19-2018 12:52 AM

Posts: 24,091




Post: #38
RE: OIL is plummeting
LoP Guest  Wrote: (12-19-2018 12:48 AM)
The Ghost Of LOP  Wrote: (12-19-2018 12:47 AM)
Gas is $2.05 at some of my local stations.

Is that considered cheap for you? I don´t know what the actual prices there are. I know they pay less than a cent in Venezuela.

Cheapest I have seen in a long time here in North Carolina.

Try Wal-Mart Grocery Pickup !
Order your groceries online: Pick up at local store
They shop and load your car up for you when you show up!
Click the link to sign up and help me earn referring reward:
http://r.wmt.co/v/marshall_29
Quote this message in a reply
LoP Guest
lop guest
User ID: 473828
12-19-2018 12:57 AM

 




Post: #39
RE: OIL is plummeting
The Ghost Of LOP  Wrote: (12-19-2018 12:52 AM)
LoP Guest  Wrote: (12-19-2018 12:48 AM)
Is that considered cheap for you? I don´t know what the actual prices there are. I know they pay less than a cent in Venezuela.

Cheapest I have seen in a long time here in North Carolina.

Hope it lasts. That is not what happened in 2008. Prices went up above $5.00
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LoP Guest
lop guest
User ID: 469668
12-19-2018 01:19 AM

 




Post: #40
RE: OIL is plummeting
I would be glad to see fuel at $0.85 a gallon just like in the 80's
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LoP Guest
lop guest
User ID: 412093
12-19-2018 01:23 AM

 




Post: #41
RE: OIL is plummeting
Gas here is as low as it's been since before obama took office. And, isn't the US the biggest oil producer in the world?
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Uppity Me
Registered User
User ID: 479003
12-19-2018 01:25 AM

Posts: 18,592




Post: #42
RE: OIL is plummeting
up and down and up and down and up and down and up and down and up and down

Quote:Les pauvres n'ont-ils des Euros ?
Alors laissez les pauvres 'sh*t' dans les rues
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The 14th Noa
Registered User
User ID: 340256
12-19-2018 12:36 PM

Posts: 1,068




Post: #43
RE: OIL is plummeting
LoP Guest  Wrote: (12-18-2018 07:21 PM)
SkeptiSchism  Wrote: (12-18-2018 05:43 PM)
Not really, because all-in production costs are about $60-80 to frack and deliver a barrel of shale oil to market.

The shale oil boom helped provide a lot of the so called growth in the economy since 2009, it's decline will do the opposite. Layoffs, downsizing from the oil companies to their support companies then on down.

That was the inevitable outcome.

The Cheney energy policy was make as much profit NOW as possible.

Shale and sand oils are crap

It's all temporary soon or later they will have to switch to alternative energy sources or stop killing free energy inventors.

This shale boom is sword of damocles because all major fields except for the middle eastern ones are declining.

Russia has massive reserves of gas and some oil but there too oil is declining.

The real oil shock will come when the light sweet crude of Saudi Arabia starts to decline. And were heading that way since they are pumping like 11 million barrels a day out of the ground!
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GrimShaw
Grinning Void
User ID: 470470
12-19-2018 12:50 PM

Posts: 17,971




Post: #44
RE: OIL is plummeting
This means one thing with a certainty.





Team America World Police has a job to do. You guys ready?

Censorship is saying: 'I'm the one who says the last sentence. Whatever you say, the conclusion is mine.' But the internet is like a tree that is growing. The people will always have the last word - even if someone has a very weak, quiet voice. Such power will collapse because of a whisper. -Ai Weiwei

https://www.youtube.com/watch?v=xe3NUKCnZp4
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