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Approx 5% of world oil supply either burnt or closed as of today.

Discussion in 'Other News' started by x1Heavy, Sep 14, 2019.

Page 3 of 4
  1. Sep 15, 2019 #21
    kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

    10,008
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    Jan 13, 2013
    SW Arkansas
    0
    I paid $2.079 for regular here yesterday.
     
    kemosabi49, Sep 15, 2019
    kemosabi49, Sep 15, 2019
    #21
    x1Heavy and REO6205 Thank this.
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  3. Sep 15, 2019 #22
    D.Tibbitt

    D.Tibbitt Road Train Member

    19,660
    130,560
    Apr 26, 2013
    Gettin' down westbound
    0
    Comdata has been down all day as well
     
    D.Tibbitt, Sep 15, 2019
    D.Tibbitt, Sep 15, 2019
    #22
    x1Heavy Thanks this.
  4. Sep 16, 2019 #23
    x1Heavy

    x1Heavy Road Train Member

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    Mar 5, 2016
    White County, Arkansas
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    Im finished with this subject. War and peace has no meaning. So Ive been warned off it. All I can tell you is take care of your own at home and top off.
     
    x1Heavy, Sep 16, 2019
    x1Heavy, Sep 16, 2019
    #23
    rabbiporkchop Thanks this.
  5. Sep 16, 2019 #24
    scottied67

    scottied67 Road Train Member

    10,788
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    Mar 14, 2010
    california norte
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    What is interesting is Trump fires Bolton and the news reports oil futures drop overnight. Few days later 50% reduction in Saudi production and oil futures boom.
     
    scottied67, Sep 16, 2019
    scottied67, Sep 16, 2019
    #24
    Trucker61016 and rabbiporkchop Thank this.
  7. Sep 16, 2019 #25
    Concorde

    Concorde Road Train Member

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    Jun 29, 2016
    West Melbourne Florida
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    That doesn’t offset anything.
     
    Concorde, Sep 16, 2019
    Concorde, Sep 16, 2019
    #25
    sevenmph Thanks this.
  8. Sep 16, 2019 #26
    Concorde

    Concorde Road Train Member

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    West Melbourne Florida
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    Oil is sold at the rate that the stock market sets. There’s no infinite supply in the strategic reserves and what is released will be limited.

    It also has to be given back..it’s purely loaned crude oil
     
    Concorde, Sep 16, 2019
    Concorde, Sep 16, 2019
    #26
    Trucker61016 and x1Heavy Thank this.
  9. Sep 16, 2019 #27
    Concorde

    Concorde Road Train Member

    2,946
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    Jun 29, 2016
    West Melbourne Florida
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    5% of our oil is from SA..according to 2018 figures.
     
    Concorde, Sep 16, 2019
    Concorde, Sep 16, 2019
    #27
    x1Heavy Thanks this.
  10. Sep 16, 2019 #28
    MGE Dawn

    MGE Dawn Road Train Member

    1,074
    2,261
    May 19, 2019
    Vancouver, WA
    0
    Got this beauty today:
    "MESSAGE FROM FUEL DEPARTMENT:
    DUE TO SUDDEN RISE IN FUEL COST PLEASE FILL YOUR TANKS BEFORE MIDNIGHT TONIGHT. THANK YOU."

    Just one problem. Next fuel stop is 900 miles away. So imma just screw Swift over right quick before literally flying home to give them the middle finger about my home time.
     
    MGE Dawn, Sep 16, 2019
    MGE Dawn, Sep 16, 2019
    #28
    x1Heavy Thanks this.
  11. Sep 16, 2019 #29
    x1Heavy

    x1Heavy Road Train Member

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    White County, Arkansas
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    STR, has been drawn 4000 barrels or so this year. (A barrel = 42 gallons of oil which goes into different products) It is usually salt caverns along the Sabine Pass area. Among other places. This is not a secret anywhere.

    U.S. Strategic Petroleum Reserve

    The impacts in the facility itself were precision targeting. Data is in the process of proving a cruise missile system has been involved in combat shooting from Iranian Soil against this facility. When the necessary proof is out then there must be war.

    I will not talk politics or governments that path is tightly shut on my end.

    To wrap up the SPR it is strictly supposed to be a final reserve of oil capable of running our Military for up to 3 months. Then you will have to park the Generals Jeep and have him walk everywhere like the rest of us.

    The United States is pleased to put the SPR oil back into it at a certain price. Its no problem at all.
     
    x1Heavy, Sep 16, 2019
    x1Heavy, Sep 16, 2019
    #29
    Trucker61016 Thanks this.
  12. Sep 19, 2019 #30
    sevenmph

    sevenmph Road Train Member

    2,932
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    Jan 26, 2007
    Pinellas county Florida
    0
    Correct. Any excuse for oil companies to raise prices and we don't have to wait for the effect. Gas here went up 30 cents within 12 hrs of the news.
     
    sevenmph, Sep 19, 2019
    sevenmph, Sep 19, 2019
    #30
    Trucker61016 Thanks this.
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