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2020-03-31 Arabia
Saudi to raise oil exports to record levels as price war rages
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Posted by trailing wife 2020-03-31 01:34|| || Front Page|| [11132 views ]  Top
 File under: Govt of Saudi Arabia 

#1 ...$1.54/gal here this morning, and I'm fully expecting $1.25 when it's over.

Mike
Posted by Mike Kozlowski 2020-03-31 06:09||   2020-03-31 06:09|| Front Page Top

#2 I anxiously await the re-intro of Green Stamps or Melmac. I'm still missing a few cups and saucers.
Posted by Besoeker 2020-03-31 06:35||   2020-03-31 06:35|| Front Page Top

#3 When I was a kid and gas was 39 cents a gallon, Gulf used to give you a card with every fill up. When you had all the cards you traded them for a 100 piece tool set. My dad collected one of those Fleet tool sets and I still have some of them today.
Posted by M. Murcek 2020-03-31 07:54||   2020-03-31 07:54|| Front Page Top

#4 WTI is $20.72 right now.
When WTI was $12.50 gas was sometimes 27 cents/gal with towels or cups...
So by that pre-1974 War model it would be about 42 cents/gal now. Of course that ignores wage inflation and EPA/Safety costs..
Posted by 3dc 2020-03-31 10:37||   2020-03-31 10:37|| Front Page Top

#5 RDS Diesel Install Kit for Auxiliary Diesel Fuel Tank
Posted by Skidmark 2020-03-31 10:44||   2020-03-31 10:44|| Front Page Top

#6 re #4: You also have to take into account all the extra taxes.
Posted by Rambler in Virginia 2020-03-31 11:12||   2020-03-31 11:12|| Front Page Top

#7 At ZH the narrative is "Sauds crush American frackers." Everywhere else the narrative is "Sauds try to figure out how to breathe underwater."
Posted by M. Murcek 2020-03-31 11:37||   2020-03-31 11:37|| Front Page Top

#8 Um... they do realize that will only push prices lower as there is a huge glut right now?

On the plus side I filled up my car for $13. High school prices!
Posted by DarthVader 2020-03-31 13:42||   2020-03-31 13:42|| Front Page Top

#9 Saudis crush American Frackers? No! How about RUSSIA attempts to destroy US Fracking industry? That's who triggered this mess, and that was their intent, and that was Putin's retaliation for the US stopping their pipeline to make western Europe their energy vassal.

Putin is throwing a tantrum and trying to damage the US Economy. The Saudis are simply responding and trying to drown Russia in return by dumping oil at a rate that will eventually bankrupt themselves, but will tank the Russian economy first. It a race to the bottom except for nations with large refinery bases. And that's mostly the US and Europe from what I hear. Cheap oil will make the COVID-19 recovery go like a rocket if the enviros don't squelch it.
Posted by Marilyn Tojo7566 2020-03-31 15:26||   2020-03-31 15:26|| Front Page Top

#10 enviros will destroy even if it takes Antifa violence
Posted by 3dc 2020-03-31 17:35||   2020-03-31 17:35|| Front Page Top

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