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Oil drops to 11 dollars per barrel!!
Fox TV news | 20 April 20 | hapnHal

Posted on 04/20/2020 6:43:17 AM PDT by hapnHal

Fox morning news is reporting that Oil Prices have dropped to 11 dollars per barrel. What does this mean? Eliminate and/or reduce gas taxes and we may have .33 cents per gallon gas again.


TOPICS: Chit/Chat
KEYWORDS: anotherstupidvanity; cashforclunkers; depression; energy; globalwarminghoax; greennewdeal; hydrocarbons; maga; oil; oilprice; opec
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To: central_va

We’ll see who is being dramatic when your 401 evaporates more than it has and you cannot feed yourself. Remember you said it. I think you were one of the Fearpers. But then agian you are wrong about just about everything. Sit down pops and let the intelligent people post, go have a YooHoo and watch your Jeopardy.


101 posted on 04/20/2020 8:16:57 AM PDT by pburgh01 (It's the FLU!)
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To: Dusty Road

Wow, 39 states. I did not realize that. SO, other than New England, what other states DO NOT produce crude oil?

NH, MA, ME, RI, CT, VT, ???


102 posted on 04/20/2020 8:19:02 AM PDT by woodbutcher1963 (uestion.)
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To: Jewbacca

What is Irans primary source of revenue? Petroleum products?

The US does produce energy but still have some manufacturing, R&D, consumer products,...


103 posted on 04/20/2020 8:22:40 AM PDT by dhs12345
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To: pburgh01

The tariff would strengthen any US based oil stocks not weaken that position. Fearper? No way. All of this is a hoax. TARIFF NOW AND ALWAYS! US OIL RULES!!!


104 posted on 04/20/2020 8:25:11 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: meatloaf
It’s good that Iran is beset by sanctions, COVID-19, low oil prices and now locusts.

LOCUSTS you say! That sucks. Where is their mini-gawd allah when they really need him? Persians are natural born Zoroastrians and need to kill off the bearded bastards/Mullahs that lord over them.

105 posted on 04/20/2020 8:27:58 AM PDT by dennisw
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To: silverleaf

Nice!


106 posted on 04/20/2020 8:29:17 AM PDT by V_TWIN
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To: davetex

WTI current contract at $11.59 better update your computer screen.


107 posted on 04/20/2020 8:29:49 AM PDT by edhawk
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To: CopperTop
More than the oil.

Although oil isn't stored LT in barrels...like we think of barrels.

108 posted on 04/20/2020 8:31:37 AM PDT by Osage Orange (Mar's isn't a place to raise your kid...)
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To: Jewbacca
You want a bunch of US boys to die in the Middle East for 25 more years? Then kill US domestic production by allowing dumping of oil at less than its price of production.

That's purely a function of domestic policy. Clearly we have the ability to ramp up oil production quickly and effectively in this country. If we have to magically start fighting in the Middle East again over oil, it's not because of our need for their oil but the need for politicians to distract us with more bullshit.

Frankly, I think they've spent that dime. People are sick to death of endless ME garbage with the hajis, and Trump showed how fast we can become #1 in energy production. God help the next suited clown who gets on TV with a straight face and tells us how important it is to spend American lives and money in another ME shithole for no definable reason other than some vague "moral imperative."

109 posted on 04/20/2020 8:34:09 AM PDT by Future Snake Eater (Plans are worthless, but planning is everything. - Dwight Eisenhower, 1957)
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To: edhawk

$10.02 now.


110 posted on 04/20/2020 8:34:39 AM PDT by tatown
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To: CopperTop

I’m in Lexington, too. Hi neighbor. :)


111 posted on 04/20/2020 8:34:53 AM PDT by dubyagee
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To: hapnHal

I like cheap gas as much as you, but this is still bad news for the world economy. In a market world, dirt-cheap today means shortages tomorrow.


112 posted on 04/20/2020 8:38:21 AM PDT by Demiurge2 (Define your terms!)
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To: tatown

To quote the Critical Drinker, “Naw. It’ll be fine.”

It is an amazing thing to watch. I feel like the Bruce Willis character in 12 Monkeys visiting the past, knowing exactly how this whole thing is going to end up, and it won’t be pretty.


113 posted on 04/20/2020 8:53:46 AM PDT by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: hapnHal
If EVERYTHING in the oil industry was free, drilling, pumping, shipping refining, distribution, the gas stations, fuel WOULD STILL BE $1.00 per gallon in taxes.

States are greedy, too and DemSoc states are greedier than most...

114 posted on 04/20/2020 9:05:28 AM PDT by jonascord (First rule of the Dunning-Kruger Club is that you do not know you are in the Dunning-Kruger club.)
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To: cuban leaf

Stunning that some moronic pearl clutchers are actually calling for extending the lockdowns!


115 posted on 04/20/2020 9:09:06 AM PDT by tatown
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To: grey_whiskers
Up yours. It’s the Dem governors shutting down everything but mosques.

There is nothing in my post that suggests in any way that I approve of the demoncraps shutting everything down except mosques. Why I said is that low oil prices are nothing to celebrate. It's indicative of the harm the shutdown is doing to our economy. I've already upped my standards. Up yours.

116 posted on 04/20/2020 9:37:03 AM PDT by Sirius Lee (They are openly stating that they intend to murder us. Prep if you want to live.)
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To: hapnHal

Gas still costs $2.15 a gallon in Oregon.


117 posted on 04/20/2020 9:38:23 AM PDT by aimhigh (THIS is His commandment . . . . 1 John 3:23)
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To: hapnHal

Sad to see this but happy I don’t have to make a living in the oilfield anymore.

Never quite get away from it though. The state I live in relies on oil for much of their revenue. The oilfield spends lots of money and pays well when it pays. Looks like we are going back to the 60s when working drilling rigs were scarce as hen’s teeth.


118 posted on 04/20/2020 9:40:45 AM PDT by Sequoyah101 (We are governed by the consent of the governed and we are fools for allowing it.)
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To: hapnHal

Here in LA $2.36 the state can’t pass up the tax money.


119 posted on 04/20/2020 9:51:10 AM PDT by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: Sirius Lee

OK, we’ll BOTH up our standards. Nice one!
...and, correction taken. Thanks for elaborating.


120 posted on 04/20/2020 9:52:02 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
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