Crude oil prices plummet

You are so slavishly loyal to Trump that you can't conceive of the possibility that I might not agree with everything Biden or any other Democrat says. Have you ever said Trump lied or did anything wrong? EVER?

 

You worship a murderer, and shame on you for it.

Indianapolis gasoline pricing today for regular.

 

Lowest $1.29

Average $1.66

Originally posted by: Boilerman

Indianapolis gasoline pricing today for regular.

 

Lowest $1.29

Average $1.66

Indianapolis gasoline pricing today for regular.

 

Lowest $1.29

Average $1.66


I read a couple of stories that reported prices as low as $0.99 in the upper Midwest. Pity it's not practical to buy a 5,000-gallon storage tank and bury it in your backyard--we KNOW the oil companies will connive to jack the prices back up, sooner rather than later.

President Trump is now rooting for higher gas prices:

 

"Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!"


At the present price level the US cannot produce oil at a profit 

 

If the oil producers go out of business unemployment goes up. That is not good. 

If US production goes down, intl supply goes down. Less supply will cause prices to go up.  The beneficiaries will not be the US (bad)

 

 

Originally posted by: tom

At the present price level the US cannot produce oil at a profit 

 

If the oil producers go out of business unemployment goes up. That is not good. 

If US production goes down, intl supply goes down. Less supply will cause prices to go up.  The beneficiaries will not be the US (bad)

 

 


That presumes that people in the oil industry are completely incapable of finding other employment.

 

I would think that the skills those folks have would be transferable to other industries. Construction, for instance---the huge transportation infrastructure projects that Trump keeps talking about.

"Trump keeps talking about."

The one good thing he's good at,flapping his lips.

Originally posted by: tom

At the present price level the US cannot produce oil at a profit 

 

If the oil producers go out of business unemployment goes up. That is not good. 

If US production goes down, intl supply goes down. Less supply will cause prices to go up.  The beneficiaries will not be the US (bad)

 

 


Lookie, Tom is calling for more socialism. He thinks we can't afford universal healthcare but the government bailing out big oil, the airlines, Boeing, hotels, golf courses, the cruise industry, farmers, banks and just about any type of private business you can think of is a must. Tom, Vladimir Lenin is blushing in his tomb at the grandiosity of your vision for America.  

I don't want to see anyone bailed out.  I never have.  It'll be painful, but it'll all work out.

Yet, you voted for the guy that gave the biggest bailout in the history of the country and you will probably vote for him again. Personally, I think this is just the start of free shit. As the election gets closer, it will be like Christmas morning every day.

Edited on Apr 3, 2020 3:59am
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