Oil ↓

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Smok44
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Re: Oil ↓

#26

Post by Smok44 » Fri Mar 27, 2020 2:23 am

Schizo's prized hot rod

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Re: Oil ↓

#27

Post by FreakShowFanatic » Fri Mar 27, 2020 2:32 am

Smok44 wrote:
Fri Mar 27, 2020 2:23 am
Schizo's prized hot rod

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Seriously though, you tell us absolutely NOTHING about yourself. Do you really suck that much? Just asking little boy. :lol:

I've happen to have driven many impressive hot rods in my day, including a 340 6 pack dodge challenger, a camaro with a 350 HP vette engine, a Subaru AWD STI with DCCD and over 300 HP. And you know what? I totally kicked azz. Just a few tickets but no major accidents or casualties,

You? Little boy, what have you done? Just curious... I srsly doubt it's anything near what I have managed to accomplish. TBH I'm very proud of myself. 8-)

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Re: Oil ↓

#28

Post by FreakShowFanatic » Fri Mar 27, 2020 2:35 am

I've just retired "Smok"... :lol:

Fuck off dimwitt.


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Re: Oil ↓

#29

Post by Smok44 » Fri Mar 27, 2020 2:36 am

Meanwhile i don't have to worry about the power going out or having an extension cord so i can drive my car.


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Re: Oil ↓

#30

Post by FreakShowFanatic » Fri Mar 27, 2020 2:41 am

Smok44 wrote:
Fri Mar 27, 2020 2:36 am
Meanwhile i don't have to worry about the power going out or having an extension cord so i can drive my car.


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Meanwhile you're a little pussy that has nothing going on in life and since you suck you continue to speak bullshit like a fucking loser. :lol:

What's up Smok? Do you wanna tell me how much you are an ignorant piece of shit? I'm not surprised.

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Re: Oil ↓

#31

Post by FreakShowFanatic » Fri Mar 27, 2020 2:43 am

Why du fuck does this dolt continue to bother me? I've made it clear to him that he has no life, nobody likes him, and he's the only one eating shit. :lol:

Da fuck? Are you egging him on Ev?

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Re: Oil ↓

#32

Post by Smok44 » Fri Mar 27, 2020 2:43 am

"Hey Roberto, will we be needing the phone tomorrow or the car? I need to know which one i have to charge tonight."
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Re: Oil ↓

#33

Post by FreakShowFanatic » Fri Mar 27, 2020 2:47 am

Smok44 wrote:
Fri Mar 27, 2020 2:43 am
"Hey Roberto, will we be needing the phone tomorrow or the car? I need to know which one i have to charge tonight."
Srsly loser, since everyone on this board already knows you are a complete asshole, why do you continue to bother me?

The only thing that you're doing is talking out of your ass and acting even more ignorant than you usually are...

Ev? Do you want to continue to defend him now? It's up to you.

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Re: Oil ↓

#34

Post by Smok44 » Fri Mar 27, 2020 3:00 am

"Roberto can i borrow your vibrator batteries to jump start my little girl car? I need to take your brother to the Farmers market for work"
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Re: Oil ↓

#35

Post by Smok44 » Fri Mar 27, 2020 3:13 am

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Re: Oil ↓

#36

Post by Smok44 » Fri Mar 27, 2020 3:21 am

FreakShowFanatic wrote:
Thu Mar 26, 2020 11:16 pm
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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Re: Oil ↓

#37

Post by CaptQuint » Fri Mar 27, 2020 10:49 am

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“ “I think we’re gonna be very good with the coronavirus. I think that at some point that’s going to, sort of, just disappear — I hope,” Mr Trump told Fox Business on Wednesday" President Donald John Trump 7/1/2020

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Re: Oil ↓

#38

Post by Smok44 » Fri Mar 27, 2020 11:03 am

CaptQuint wrote:
Fri Mar 27, 2020 10:49 am
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Newark Psychiatric's day outing at Xtreme Xperience?
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Re: Oil ↓

#39

Post by QillerDaemon » Fri Mar 27, 2020 12:14 pm

Simply not true. I've had my Prius up to at least 104 on the Turnpike, but that's as high as the number goes. I had no trouble keeping up with little sporty cars that regularly rip along the Turnpike. As for pickup, there's a power button that lets me lay rubber, but kills the gas mileage.
Smok44 wrote:
Fri Mar 27, 2020 3:13 am
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If you can't be a good example, you can still serve as a horrible warning.

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Re: Oil ↓

#40

Post by beagleboy » Fri Mar 27, 2020 1:22 pm

FreakShowFanatic wrote:
Thu Mar 26, 2020 9:36 pm
The weirdest thing about you Smok is that we know next to nothing about you.
That's not exactly true. We know he's desperately seeking out the attention of other men for hours every day which I think we can surmise the meaning.

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Re: Oil ↓

#41

Post by Smok44 » Fri Mar 27, 2020 1:31 pm

FreakShowFanatic wrote:
Thu Feb 27, 2020 12:29 am

TBH, yeah I is mad. Why do we have a scumbag on this board that has nothing better than to be an asshole and fuck with people here that he's jealous of, AKA Smok. All that ignorant fuckface does is make personal attacks on people, especially the best and talented posters here and be a nuisance and a jerkoff. This dolt has nothing better to do than be an asshole here and Troll good posters on this board. I'm actually tired of it. You might like this shit but I find it ignorant and boring.
Are you going to once again, immediately follow me into my thread, then run with your tail between your legs, whining and crying the mods yet again? You really live your life according to the definition of insanity. Go get your meds adjusted schizo.

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Re: Oil ↓

#42

Post by Smok44 » Sat Mar 28, 2020 9:40 am

99¢/gal in Wisconsin

UJR knows this is fake news due to the resident Oil Superhero telling us this will never happen


https://madison.com/wsj/business/gas-fo ... 11a46.html
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Re: Oil ↓

#43

Post by Blast » Sat Mar 28, 2020 12:49 pm

Smok44 wrote:
Sat Mar 28, 2020 9:40 am
99¢/gal in Wisconsin

UJR knows this is fake news due to the resident Oil Superhero telling us this will never happen


https://madison.com/wsj/business/gas-fo ... 11a46.html
It's not that low near me yet, but I'll let you know when it is.
Fuckin' lil' whipper snappers!

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Re: Oil ↓

#44

Post by Smok44 » Tue Mar 31, 2020 11:23 am

https://www.wsj.com/articles/u-s-oil-pr ... e=2&pos=14


The oil crash deepened on Monday, sending prices to an 18-year low in a stark demonstration of how the coronavirus is crippling fuel demand and leaving consumers unable to take advantage at the pump.

U.S. crude-oil futures slumped 6.6% to $20.09 a barrel, ending the day at their lowest level since February 2002. The drop brings their slide for the year to 67%, or $41. Oil enters the final trading day of March on pace for its biggest percentage drops on record for any month or quarter, according to according to a Dow Jones Market Data analysis of figures going back to 1983.
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Re: Oil ↓

#45

Post by Flumper » Tue Mar 31, 2020 2:08 pm

i think this story might show how wrong some analysts are about the causes for market drops. the oil drop was blamed on a price war between the russians and the saudis. which, honestly, made no sense at the time, but the price of oil was dropping like a rock, so it seemed to be real.

i turns out, i think the real reason for the drop was that they knew we were fixing to shut down most every country in the world for a month or two and the need for oil was going to plummet.

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Re: Oil ↓

#46

Post by Smok44 » Tue Mar 31, 2020 2:16 pm

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Gas is cheap, but for many motorists there's nowhere to go
Some service stations in the U.S. are selling gasoline for 99 cents a gallon, prices not seen in about two decades

DALLAS -- U.S. gasoline prices have dropped to their lowest levels in four years, and they are almost sure to go lower as oil prices plunge.

Price-tracking services put the national average Monday around $2 a gallon. Some stations were spotted charging under a dollar.

But don't expect a stampede to the pumps. Demand is weak because so many Americans are under shelter-in-place rules and businesses have been shuttered because of the coronavirus outbreak.

“For most Americans who are home practicing social distancing and not driving to work or taking their children to school, you are only filling up maybe once a week, maybe every couple of weeks,” said Jeanette Casselano, a spokeswoman for the AAA auto club. “You are not reaping the benefits.”

Prices have plenty of room to keep falling — maybe below $1.50, according to analysts.

Patrick DeHaan, an analyst for price tracker GasBuddy, said that eventually retail prices will reflect the even faster decline in wholesale prices

“Retailers are taking their time lowering prices because they have a lot of uncertainty around the corner,” DeHaan said, adding that the practice boosts service station profit margins. “We've never seen gasoline retailers doing as well as they are now."

Investors expect weak demand to continuing pushing gasoline prices lower. Contracts in New York for gasoline futures plunged to well under $1 a gallon on Monday.

Oil accounts for about half the price of gasoline, and the drop at the pump is shadowing the steep slide in crude, which briefly on Monday hit the lowest levels since 2002. Benchmark prices for U.S. and international crude have both fallen by more than half in the past five weeks, as more Americans and Europeans have come under lockdown, cutting into demand for oil, and Saudi Arabia and Russia engaged in a price war.

Falling prices is likely to lead to less production in the Permian Basin of west Texas and New Mexico and other U.S. oilfields. Chevron is cutting back spending in the Permian, where shale drilling turned the U.S. into the world's biggest oil producer.

AAA put Monday's national average for gasoline at $2.01 a gallon, down from $2.69 a year ago. GasBuddy said it was $1.99. Both were within 20 cents of price lows set in early 2016 and late 2008, according to government figures.

The cheapest prices are in a swath of the country from Texas to Wisconsin and Michigan, with most states in that band averaging under $1.77 a gallon. At the other end were California, at $3.06, and Hawaii, $3.36 on average.
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necronomous
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Re: Oil ↓

#47

Post by necronomous » Tue Mar 31, 2020 7:50 pm

I'm just laughing at the people who said it wouldn't go on under $2 again because the government wouldn't let it.

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Re: Oil ↓

#48

Post by necronomous » Wed Apr 01, 2020 2:50 am

Biker wrote:
Wed Apr 01, 2020 2:33 am
necronomous wrote:
Tue Mar 31, 2020 7:50 pm
I'm just laughing at the people who said it wouldn't go on under $2 again because the government wouldn't let it.
When I’m out in my Jeep, I love marginalizing the dumbfucks in their electric and hybrid vehicles. At red lights, I give them a look from the corner of my eye until we make eye contact, at which point I give a nice chuckle and turn away
:lol:

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Re: Oil ↓

#49

Post by Stapes » Wed Apr 01, 2020 2:58 am

Biker wrote:
Wed Apr 01, 2020 2:33 am
necronomous wrote:
Tue Mar 31, 2020 7:50 pm
I'm just laughing at the people who said it wouldn't go on under $2 again because the government wouldn't let it.
When I’m out in my Jeep, I love marginalizing the dumbfucks in their electric and hybrid vehicles. At red lights, I give them a look from the corner of my eye until we make eye contact, at which point I give a nice chuckle and turn away

Your whole life is dedicated to a false sense of superiority. First class airplane seats, lunch-pail Joe"s, dirty immigrants, big jeep man....... sounds like you're compensating for a lot of insecurities.
Not in the a.m. bro.

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Re: Oil ↓

#50

Post by Smok44 » Wed Apr 01, 2020 1:35 pm

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https://www.cnbc.com/2020/04/01/coronav ... acity.html

Oil prices could soon turn negative as the world runs out of places to store crude, analysts warn

*The coronavirus pandemic has meant countries have effectively had to shut down, with many governments imposing draconian measures on the daily lives of billions of people.

*It has created an unprecedented demand shock in energy markets, with storage space – both onshore and offshore – quickly running out.
Analysts at Goldman Sachs have warned the coronavirus shock is “extremely negative for oil prices and is sending landlocked crude prices into negative territory.”

*Global oil storage could reach maximum capacity within weeks, energy analysts have told CNBC, as the coronavirus crisis dramatically reduces consumption and some of the world’s most powerful crude producers start to ramp up their output.


The coronavirus pandemic has meant countries have effectively had to shut down, with many governments imposing draconian measures on the daily lives of billions of people. It has created an unprecedented demand shock in energy markets, with storage space – both onshore and offshore – quickly running out.

At the same time, a three-year pact between OPEC and non-OPEC partners to curb oil output ended on Wednesday, paving the way for oil producers to ramp up production.

OPEC kingpin Saudi Arabia has pledged to hike output to a record high.

“Refineries in many places are now losing money for every barrel they process, or they have no place to store their output of oil products,” Bjarne Schieldrop, chief commodities analyst at SEB, told CNBC via email this week.

He pointed out that when refineries shut down, many oil producers have nowhere to send their crude if the refinery is also part of the logistical chain to the market.

“For land-based or land-locked oil producers, this means only one thing,” Schieldrop continued. “The local oil price or well-head price they receive very quickly goes to zero or even negative, because if they have too much oil, they must pay someone to transport it away until they have managed to shut down their production.”

Landlocked crude prices seen falling below zero
International benchmark Brent crude traded at $25.33 Wednesday afternoon, down more than 3.8%, while U.S. West Texas Intermediate (WTI) stood at $20.54, around 0.3% higher.

Both benchmarks recorded their worst-ever quarter through the first three months of the year, according to data compiled by CNBC.

Brent futures collapsed over 65% in the first quarter, while WTI slumped more than 66% over the same period.

To date, around 862,000 people have contracted COVID-19 worldwide, with 42,404 deaths, according to data compiled by Johns Hopkins University.

Don’t expect to see any change in oil market diplomacy for now, analyst says
Analysts at Goldman Sachs have warned the coronavirus shock is “extremely negative for oil prices and is sending landlocked crude prices into negative territory.”

The U.S. investment bank estimates that the world has around 1 billion barrels of spare storage capacity, but much of that will never be accessed “as the velocity of the current shock will breach transportations networks.”

“Indeed, given the cost of shutting down a well, a producer would be willing to pay someone to dispose of a barrel, implying negative pricing in landlocked areas,” analysts at Goldman said in a research note published Monday.

To be sure, Goldman said it expects waterborne crudes like Brent to be far more insulated from the coronavirus shock, with the international benchmark likely to stay near cash costs of $20 a barrel — albeit with temporary spikes below.

In contrast, WTI (which is landlocked and 500 miles from accessible tanker storage) is expected to be among those hardest hit, alongside WTI Midland and Western Canada Select (WCS).

Earlier this week, the price of WCS was quoted as low as $4.18 a barrel, traders told CNBC’s Brian Sullivan. That’s thought to be less than a good pint of beer in Canada.

Storage capacity to hit its limit ‘by midyear’
“With demand collapsing but supply rising after OPEC and non-affiliated Russia failed to reach a production cut agreement in early March, global inventories could reach their maximum capacity within weeks,” analysts at Eurasia Group said in a research note published Monday.

“Industry participants are saying it is virtually impossible to find conventional onshore tanks. Even if OPEC and other producers start restricting their output again soon, the supply overhang from the global lockdown is so big that storage capacity will likely hit its limit by midyear.”

“Already, ports and refiners are turning away oil tankers. This will put even more downward pressure on prices and pose an existential threat to many companies,” Eurasia Group said.

GP: Iran's Bandar Imam Khomeini Port 190624 EU
Dock workers haul the mooring rope of a cargo ship onto the dockside at Bandar Imam Khomeini (BIK) port on Friday, May 24, 2019.
Ali Mohammadi | Bloomberg | Getty Images
Analysts at Energy Aspects expect the ongoing oil price war between Saudi Arabia and Russia will keep production elevated until the end of the year.

This means the world will run out of crude storage capacity early in the third quarter of the year, they added, with product containment arriving earlier.
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