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Oil prices are back under $50. I knew this would happen, but I thought it would take a bit longer than this. Like, maybe by Memorial Day. We've not yet reached the Ides of March and already speculators are slitting their wrists and reading Nietzsche.
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Mar 9, 2017 22:38
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Yuli Ban posted:Oil prices are back under $50. I knew this would happen, but I thought it would take a bit longer than this. Like, maybe by Memorial Day. We've not yet reached the Ides of March and already speculators are slitting their wrists and reading Nietzsche. You make this sound like some kind of exciting development when it's really just business as usual when compared to the last 2 years.
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Mar 12, 2017 03:16
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when oil prices drop do vaseline prices drop too? i go through gallons of that poo poo, without it my dong would probably be skinless by now (USER WAS PUT ON PROBATION FOR THIS POST)
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Mar 12, 2017 03:32
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Oil prices go up. Oil prices go down. You can't explain that.
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Mar 12, 2017 10:46
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rudatron posted:Oil prices go up. https://www.youtube.com/watch?v=_-agl0pOQfs&t=112s
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Mar 12, 2017 10:59
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rudatron posted:Oil prices go up. A casual loop diagram focusing on relationships driving price of the oil industry has a remarkable number of balancing loops 
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Mar 12, 2017 18:03
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Continued low oil prices is bad news or Russia and Saudi Arabia. Which if I recall correctly need oil to be around $100 to break even on their spending. Russia's cash reserves should be emptied before the end of 2017. I'm unsure that state of Saudi Arabia's cash reserves.
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Mar 13, 2017 04:25
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~$50 a barrel of oil seems to be really hurting our downstream arm of business at my engineering firm. I'm curious if this is all over or if it's just my firms ineptitude to win jobs. You'd think all those regulations suddenly not burdening our glorious energy providers would be enough to keep them from layoffs. Isn't that how the GOP see things?
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Mar 14, 2017 18:12
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fishhooked posted:~$50 a barrel of oil seems to be really hurting our downstream arm of business at my engineering firm. I'm curious if this is all over or if it's just my firms ineptitude to win jobs. Cheap oil is making fracking too expensive to pursue and a lot of middle America that made it big off the fracking boom is now getting hosed sideways. I lived in Oklahoma last year and the number of oil and gas workers who were laid off, even from the engineering offices, was pretty grim.
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Mar 15, 2017 18:49
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fishhooked posted:~$50 a barrel of oil seems to be really hurting our downstream arm of business at my engineering firm. I'm curious if this is all over or if it's just my firms ineptitude to win jobs. The more downstream you are, the more insulated you are from price shocks. It takes a little while to propagate. That said, everyone is hurting right now and there is industry concern that we are going to double dip on this thing as US producers were over eager to turn the pumps back on. Fracking is still profitable, just on select acreage. Folks have consolidated into the Permian and slowed down elsewhere. The downturn kind of pulled back the curtain on peoples breakeven prices which were highly speculative, and as it turned out highly variable.
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Mar 15, 2017 20:20
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