Crude oil is $86 today.... beginning of the end?
Discussion in 'Oilfield Trucking Forum' started by kogaFX, Oct 9, 2014.
Page 6 of 55
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Those who choose to not better themselves, deserve what they get, regardless of circumstances... jobs are every where in certain states...Driver5 Thanks this. -
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Talk about trying to get things handed to you on a silver platter.
And with this, I see this thread has totally derailed. Too bad and so long. -
Because you seem absolutely irate.
BTW, your join date shows you joined in July... which means you don't "think I was posting about that back in January".... it means your feelings were so hurt by my post that you just went back and examined my ENTIRE post history.
All jokes aside, that's sad. But yeah, let's get back to crude and off your creepy obsession.
Crude is back up, no need to panic quite yet, folks:
http://www.bloomberg.com/news/2014-...-below-80-for-first-time-since-june-2012.html
http://online.wsj.com/articles/crude-prices-continue-slide-1413455016 -
I don't think anyone IS panicking. Who knows, maybe if you jump up and down, stomp your feet and deny it enough, the over supply will actually raise prices. Not sure how that works..but good luck :thumbsup:
TLeaHeart Thanks this. -
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Let's knock if off with the bickering and personal stuff and keep it about the crude oil, please.
HeWhoMustNotBeNamed, sdaniel, wtxiceman and 3 others Thank this. -
This is not a demand issue, but rather a production issue. The Saudis who are the controlling factor in OPEC have said and are not cutting production to control barrel prices. An obvious move to slow down the upstarts and boom in the US and other countries. Effectively clipping the wings on any competition even if it is a part of OPEC, i.e. Venezuela.
While it has been unoficially stated by Saudi spokespersons to get used to $75 per barrel pricing for awhile, just how cheap do you think they can pump it out for? -
I think the whole thing was and is way overpriced anyways.
The price of diesel went down only 30 cents and I'm not holding my breath to see it below 3 $
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