Skip to comments.
Oil Prices Set For Worst Weekly Plunge In Four Years
Oilprice.com ^
| 02-28-2020
| JayJay
Posted on 02/28/2020 9:27:34 AM PST by bananaman22
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-27 last
To: Alas Babylon!
Oilprice.com is staffed by alarmists. They scream that we are either at peak oil or the price is too low.
21
posted on
02/28/2020 10:37:13 AM PST
by
wildcard_redneck
(If the Trump Administration doesn't prosecute the coup plotters he loses the election in 2020)
To: bananaman22
Along with everything else in the market.
22
posted on
02/28/2020 10:46:51 AM PST
by
Old Yeller
(Auto-correct has become my worst enema.)
To: Alas Babylon!
Something weird is up locally. Three weeks ago Kroger was $1.93 a gallon, this afternoon $2.29.
23
posted on
02/28/2020 10:53:24 AM PST
by
sarge83
To: jonascord
Yep, and of course the low gas prices will give states the incentive to raise taxes on gasoline.
24
posted on
02/28/2020 11:02:07 AM PST
by
qam1
(There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
To: bananaman22
Hold steady. Just part of an over-all stock retrenchment before the run up to 4000.
THEN, bail out into low-risk.
25
posted on
02/28/2020 11:53:20 AM PST
by
Psalm 73
("You'll never hear surf music again".)
To: bananaman22
Even the stations in California are experiencing drops in pricing lately.
26
posted on
02/28/2020 12:44:28 PM PST
by
RayChuang88
(FairTax: America's Economic Cure)
To: bananaman22
Oddly this is okay.
The USA sits on vast reserves of shale oil and even greater reserves of natural gas. Some years back the break even for shale oil was about 100 dollars a barrel and the price at that time for oil was well over this. We found a lot of oil and the price declined. Many companies went out of business as in bankrupt. Those that remained became leaner and meaner and fracking continued.
This is how capitalism works. It delivers the public oil and natural gas at the cheapest price that economics dictates.
All that shale oil is in the ground. It will be extracted based on economics.
Capitalism works.
27
posted on
02/28/2020 3:10:41 PM PST
by
cpdiii
( canecutter, deckhand, roughneck, geologist, pilot, pharmacist THE CONSTITUTION IS WORTH DYING FOR)
Navigation: use the links below to view more comments.
first previous 1-20, 21-27 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson