Oil ↓

Post all things Jersey here. Maybe some other things. Like Iraan TX. And boobs.
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Smok44
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Oil ↓

#1

Post by Smok44 » Thu Mar 26, 2020 9:32 pm




Luckily for everyone at UJR we know this not to be true, our fearless insider very recently told us so

https://business.financialpost.com/comm ... to-put-oil
The world will run out of places to store oil in as little as three months, according to an industry consultant.

IHS Markit said that current rates of supply and demand mean inventories will increase by 1.8 billion barrels over the first half of 2020. With only an estimated 1.6 billion barrels of storage capacity still available, producers will be forced to cut output because by June there’ll be no place left to put the unwanted crude, it said.

The oil market has been hammered by falling demand as a result of the coronavirus outbreak, and as Saudi Arabia vows to flood the market with crude at deep discounts, following the collapse of the coalition of the Organization of Petroleum Exporting Countries and allies including Russia. On Thursday, Pakistan banned imports of crude and fuels because its storage sites are full. Vitol Group and Gunvor Group, two of the world’s top merchants, say there’s heavy interest in storing while several traders have booked supertankers to hoard barrels at sea.

The crisis facing Canada’s oilpatch isn’t just industry’s problem, it’s everybody’s problem
'Very, very frightening': Calls for government bailout grow louder as oilpatch faces bleak outlook
Aid to oilpatch coming in 'hours, potentially days,' Morneau says, as Alberta braces for severe 5.6% GDP contraction this year
Supply may exceed demand by 12.4 million barrels a day in the second quarter, with other traders, banks and consultants also forecasting bumper surpluses, IHS said. Vitol said on Wednesday that demand has fallen as much as 20 million barrels a day from last year.

“Production is going to have to be reduced or even shut in,” said Jim Burkhard, head of oil markets at IHS. “It is now a matter of where and by how much.”

U.S. CONCERNS
There are already signs in prices about a potential scarcity of storage space. In the U.S, the so-called WTI cash roll traded down at the lowest level since December 2008 on expectations that inventories at the delivery point for U.S. futures would balloon in coming weeks and months.

Brent futures are trading deep in a contango structure where spot prices are at discount to those in later months as the market tries to create the necessary financial incentives to store by pressuring near-term prices.

Measures of the physical market for actual barrels of crude are also pointing to weakness globally.

Of the world’s three largest oil producers, Russia has the least amount of available storage capacity at about eight days, IHS said. Those figures are based on the amount of production that could be stored if exports dried up. Saudi Arabia has 18 days, and the U.S. has 30.

Nigeria, the biggest producer in Africa, is the most vulnerable among the areas measured by IHS. Estimated first-quarter 2020 daily production of 1.9 million barrels a day would fill up available local storage in 1 1/2 to two days, the firm said.

Consultant Energy Aspects Ltd. also sees storage tanks filling in the coming months.

“With OPEC pushing output to record highs, inventories will quickly get out of hand,” the firm said in a note. “We will run out of crude storage capacity by early Q3 20, with product containment arriving earlier.”
WestTexasCrude wrote:
Fri Mar 27, 2020 2:49 am
Individual better be damn careful until this forum dies years from now. If I get even a hint of your actual name and location, no advanced warning when I show. We will not be talking.

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FreakShowFanatic
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Re: Oil ↓

#2

Post by FreakShowFanatic » Thu Mar 26, 2020 9:36 pm

The weirdest thing about you Smok is that we know next to nothing about you. I mean I talk about myself, you know I'm in IT/Pharma, WTC lives in Iraan Texas and is in the oil industry. You know both of us are in our 50's, I'm married, he's divorced, etc etc.

But seriously, why don't you have the ballz to tell us anything about yourself? Roughly, how old are you, what do you do for a living, are you single and live at home? That's why I honestly think you're ashamed of yourself and just looking for opportunities to disrespect anyone here any chance you get. It's pitiful little boy. You really need to just STFU if you don't want to be a man. :lol:

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FreakShowFanatic
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Re: Oil ↓

#3

Post by FreakShowFanatic » Thu Mar 26, 2020 9:39 pm

Also, I haven't even seen WTC respond to any of your bullshit put down posts in months. Maybe I should do the same. Leave people that don't like you alone. Try communicating with other people, like your friends. That's right you have none. :lol:

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Smok44
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Re: Oil ↓

#4

Post by Smok44 » Thu Mar 26, 2020 10:08 pm

FreakShowFanatic wrote:
Thu Mar 26, 2020 9:39 pm
Also, I haven't even seen WTC respond to any of your bullshit put down posts in months. Maybe I should do the same. Leave people that don't like you alone. Try communicating with other people, like your friends. That's right you have none. :lol:
No one gives a shit about you schizo, ooops except your wife she loves all things shit. Keep running away from THE REAL old man :lol:
WestTexasCrude wrote:
Fri Mar 27, 2020 2:49 am
Individual better be damn careful until this forum dies years from now. If I get even a hint of your actual name and location, no advanced warning when I show. We will not be talking.

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FreakShowFanatic
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Re: Oil ↓

#5

Post by FreakShowFanatic » Thu Mar 26, 2020 10:18 pm

Smok44 wrote:
Thu Mar 26, 2020 10:08 pm
FreakShowFanatic wrote:
Thu Mar 26, 2020 9:39 pm
Also, I haven't even seen WTC respond to any of your bullshit put down posts in months. Maybe I should do the same. Leave people that don't like you alone. Try communicating with other people, like your friends. That's right you have none. :lol:
No one gives a shit about you schizo, ooops except your wife she loves all things shit. Keep running away from THE REAL old man :lol:
Keep saying nothing you ignorant piece of shit. You are a loser, you offer nothing, all you do is abuse good people because you are jealous of us. I have a ton of friends & family, guaranteed jerkoff. You on the other hand are so desperate that you're pm'ing me like a little girl giving your phone number. Listen fag, I'm not gay & I want nothing to do with you. Do you want me to post your phone number on this board? IDK, maybe the other fags like High-N-Loser or DeathFuckedUpTheAss will try to hook up with you. :lol:

Dude, you are a disgrace, just leave me the fuck alone. I am so vastly superior than you are that it's not even funny.

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BigRedRetard
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Re: Oil ↓

#6

Post by BigRedRetard » Thu Mar 26, 2020 10:20 pm

Diesel is $2:30 here. Regular is $1.99

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B-Tender
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Re: Oil ↓

#7

Post by B-Tender » Thu Mar 26, 2020 10:23 pm

I paid 3.19 this A.M.

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Flumper
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Re: Oil ↓

#8

Post by Flumper » Thu Mar 26, 2020 10:23 pm

BigRedRetard wrote:
Thu Mar 26, 2020 10:20 pm
Diesel is $2:30 here. Regular is $1.99
i think i paid a little under $1.60 yesterday for regular unleaded.

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megman
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Re: Oil ↓

#9

Post by megman » Thu Mar 26, 2020 10:24 pm

0.85/L here
If you've been to Algonquin Park you'll be disappointed when you get to Heaven.

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Smok44
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Re: Oil ↓

#10

Post by Smok44 » Thu Mar 26, 2020 10:28 pm

$2.05 here
WestTexasCrude wrote:
Fri Mar 27, 2020 2:49 am
Individual better be damn careful until this forum dies years from now. If I get even a hint of your actual name and location, no advanced warning when I show. We will not be talking.

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B-Tender
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Re: Oil ↓

#11

Post by B-Tender » Thu Mar 26, 2020 10:33 pm

I win! YES!!

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FreakShowFanatic
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Re: Oil ↓

#12

Post by FreakShowFanatic » Thu Mar 26, 2020 10:41 pm

B-Tender wrote:
Thu Mar 26, 2020 10:33 pm
I win! YES!!
Except where do you have to go during the lockdown? I haven't filled up my SUV in the past 3 weeks, but then again everything is close to me living in NJ, including the pandemic. :lol:

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FreakShowFanatic
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Re: Oil ↓

#13

Post by FreakShowFanatic » Thu Mar 26, 2020 10:42 pm


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CaptQuint
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Re: Oil ↓

#14

Post by CaptQuint » Thu Mar 26, 2020 10:45 pm

$2.10 I can only drive one V8 at a time.
"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge."

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Smok44
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Re: Oil ↓

#15

Post by Smok44 » Thu Mar 26, 2020 10:55 pm

CaptQuint wrote:
Thu Mar 26, 2020 10:45 pm
$2.10 I can only drive one V8 at a time.
Don't forget you get better mileage since you were shamed into getting new tires :lol:
WestTexasCrude wrote:
Fri Mar 27, 2020 2:49 am
Individual better be damn careful until this forum dies years from now. If I get even a hint of your actual name and location, no advanced warning when I show. We will not be talking.

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CaptQuint
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Re: Oil ↓

#16

Post by CaptQuint » Thu Mar 26, 2020 11:09 pm

Smok44 wrote:
Thu Mar 26, 2020 10:55 pm
CaptQuint wrote:
Thu Mar 26, 2020 10:45 pm
$2.10 I can only drive one V8 at a time.
Don't forget you get better mileage since you were shamed into getting new tires :lol:
Should be here tomorrow and mounted Monday
"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge."

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megman
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Re: Oil ↓

#17

Post by megman » Thu Mar 26, 2020 11:10 pm

Smok44 wrote:
Thu Mar 26, 2020 10:55 pm
CaptQuint wrote:
Thu Mar 26, 2020 10:45 pm
$2.10 I can only drive one V8 at a time.
Don't forget you get better mileage since you were shamed into getting new tires :lol:
Ya but as he drives down the road he keeps hearing "wop, wop,wop..."
If you've been to Algonquin Park you'll be disappointed when you get to Heaven.

spudoc
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Re: Oil ↓

#18

Post by spudoc » Thu Mar 26, 2020 11:10 pm

CaptQuint wrote:
Thu Mar 26, 2020 11:09 pm
Smok44 wrote:
Thu Mar 26, 2020 10:55 pm
CaptQuint wrote:
Thu Mar 26, 2020 10:45 pm
$2.10 I can only drive one V8 at a time.
Don't forget you get better mileage since you were shamed into getting new tires :lol:
Should be here tomorrow and mounted Monday
Will you be putting them on some wheels after that?

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CaptQuint
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Re: Oil ↓

#19

Post by CaptQuint » Thu Mar 26, 2020 11:12 pm

spudoc wrote:
Thu Mar 26, 2020 11:10 pm
CaptQuint wrote:
Thu Mar 26, 2020 11:09 pm
Smok44 wrote:
Thu Mar 26, 2020 10:55 pm
CaptQuint wrote:
Thu Mar 26, 2020 10:45 pm
$2.10 I can only drive one V8 at a time.
Don't forget you get better mileage since you were shamed into getting new tires :lol:
Should be here tomorrow and mounted Monday
Will you be putting them on some wheels after that?
They will be mounted on wheels on monday

Image

Found WTC's school
"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge."

spudoc
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Re: Oil ↓

#20

Post by spudoc » Thu Mar 26, 2020 11:14 pm

CaptQuint wrote:
Thu Mar 26, 2020 11:12 pm
spudoc wrote:
Thu Mar 26, 2020 11:10 pm
CaptQuint wrote:
Thu Mar 26, 2020 11:09 pm
Smok44 wrote:
Thu Mar 26, 2020 10:55 pm
CaptQuint wrote:
Thu Mar 26, 2020 10:45 pm
$2.10 I can only drive one V8 at a time.
Don't forget you get better mileage since you were shamed into getting new tires :lol:
Should be here tomorrow and mounted Monday
Will you be putting them on some wheels after that?
They will be mounted on wheels on monday

I know. I was making a joke. About you sexing up your new tires. It's funny because it's absurd.

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FreakShowFanatic
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Re: Oil ↓

#21

Post by FreakShowFanatic » Thu Mar 26, 2020 11:16 pm

CaptQuint wrote:
Thu Mar 26, 2020 11:09 pm
Smok44 wrote:
Thu Mar 26, 2020 10:55 pm
CaptQuint wrote:
Thu Mar 26, 2020 10:45 pm
$2.10 I can only drive one V8 at a time.
Don't forget you get better mileage since you were shamed into getting new tires :lol:
Should be here tomorrow and mounted Monday
Just watch out if you're going for the extra light weight aluminum rims. I put SSR comps on my STI & I ended up cracking the rim on two of them within 6 months. Once going through the lincoln tunnel with some potholes, (port authority cops were nice enough to help me change it) and the 2nd time I tapped a curb lightly (ok my fault) but they are fragile.

After that I put back the stock BBS rims that came with the car & I had no problems after that.

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CaptQuint
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Re: Oil ↓

#22

Post by CaptQuint » Thu Mar 26, 2020 11:19 pm

FreakShowFanatic wrote:
Thu Mar 26, 2020 11:16 pm
CaptQuint wrote:
Thu Mar 26, 2020 11:09 pm
Smok44 wrote:
Thu Mar 26, 2020 10:55 pm
CaptQuint wrote:
Thu Mar 26, 2020 10:45 pm
$2.10 I can only drive one V8 at a time.
Don't forget you get better mileage since you were shamed into getting new tires :lol:
Should be here tomorrow and mounted Monday
Just watch out if you're going for the extra light weight aluminum rims. I put SSR comps on my STI & I ended up cracking the rim on two of them within 6 months. Once going through the lincoln tunnel with some potholes, (port authority cops were nice enough to help me change it) and the 2nd time I tapped a curb lightly (ok my fault) but they are fragile.

After that I put back the stock BBS rims that came with the car & I had no problems after that.
I only have the factory rims
"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge."

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Reservoir Dog
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Location: Kicking and a' gouging in the mud and the blood and the beer.

Re: Oil ↓

#23

Post by Reservoir Dog » Thu Mar 26, 2020 11:21 pm

FreakShowFanatic wrote:
Thu Mar 26, 2020 11:16 pm
CaptQuint wrote:
Thu Mar 26, 2020 11:09 pm
Smok44 wrote:
Thu Mar 26, 2020 10:55 pm
CaptQuint wrote:
Thu Mar 26, 2020 10:45 pm
$2.10 I can only drive one V8 at a time.
Don't forget you get better mileage since you were shamed into getting new tires :lol:
Should be here tomorrow and mounted Monday
Just watch out if you're going for the extra light weight aluminum rims. I put SSR comps on my STI & I ended up cracking the rim on two of them within 6 months. Once going through the lincoln tunnel with some potholes, (port authority cops were nice enough to help me change it) and the 2nd time I tapped a curb lightly (ok my fault) but they are fragile.

After that I put back the stock BBS rims that came with the car & I had no problems after that.
You installed extra light weight aluminum rims and were shocked to find out that they cracked easily?

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Smok44
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Re: Oil ↓

#24

Post by Smok44 » Fri Mar 27, 2020 1:13 am

Reservoir Dog wrote:
Thu Mar 26, 2020 11:21 pm
FreakShowFanatic wrote:
Thu Mar 26, 2020 11:16 pm
CaptQuint wrote:
Thu Mar 26, 2020 11:09 pm
Smok44 wrote:
Thu Mar 26, 2020 10:55 pm
CaptQuint wrote:
Thu Mar 26, 2020 10:45 pm
$2.10 I can only drive one V8 at a time.
Don't forget you get better mileage since you were shamed into getting new tires :lol:
Should be here tomorrow and mounted Monday
Just watch out if you're going for the extra light weight aluminum rims. I put SSR comps on my STI & I ended up cracking the rim on two of them within 6 months. Once going through the lincoln tunnel with some potholes, (port authority cops were nice enough to help me change it) and the 2nd time I tapped a curb lightly (ok my fault) but they are fragile.

After that I put back the stock BBS rims that came with the car & I had no problems after that.
You installed extra light weight aluminum rims and were shocked to find out that they cracked easily?
You're not surprised at him doing this are you?
WestTexasCrude wrote:
Fri Mar 27, 2020 2:49 am
Individual better be damn careful until this forum dies years from now. If I get even a hint of your actual name and location, no advanced warning when I show. We will not be talking.

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FreakShowFanatic
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Re: Oil ↓

#25

Post by FreakShowFanatic » Fri Mar 27, 2020 1:48 am

Reservoir Dog wrote:
Thu Mar 26, 2020 11:21 pm
FreakShowFanatic wrote:
Thu Mar 26, 2020 11:16 pm
CaptQuint wrote:
Thu Mar 26, 2020 11:09 pm
Smok44 wrote:
Thu Mar 26, 2020 10:55 pm
CaptQuint wrote:
Thu Mar 26, 2020 10:45 pm
$2.10 I can only drive one V8 at a time.
Don't forget you get better mileage since you were shamed into getting new tires :lol:
Should be here tomorrow and mounted Monday
Just watch out if you're going for the extra light weight aluminum rims. I put SSR comps on my STI & I ended up cracking the rim on two of them within 6 months. Once going through the lincoln tunnel with some potholes, (port authority cops were nice enough to help me change it) and the 2nd time I tapped a curb lightly (ok my fault) but they are fragile.

After that I put back the stock BBS rims that came with the car & I had no problems after that.
You installed extra light weight aluminum rims and were shocked to find out that they cracked easily?
Yes, as easily as they did. I knew they were fragile but not that fragile. One thing I can tell you about unspun weight like that is you could feel how it was a bit quicker with a stick shift. It definitely took a bit of time off accelerating from 0-60 MPH and I really liked the way they felt, UNTIL THEY BROKE! :lol:

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