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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: meatloaf
$1.25 in San Antonio today.
21
posted on
04/20/2020 6:51:40 AM PDT
by
EQAndyBuzz
(Operation Chaos is in play. Repeat, Operation Chaos is in play)
To: hapnHal
Might be a good summer to finally take that RV trip I’ve always wanted to do.
To: snoringbear
I’ve suffered thru $4 per gallon gas so I’m willing to pay whatever it is now that will keep our drillers employed.......
23
posted on
04/20/2020 6:51:56 AM PDT
by
Hot Tabasco
(How did I survive the Swine flu and the killer flu of 2017-18 without govt. help?)
To: davetex
It’s a misleading futures market anomaly not the actual spot trading price, correct?
Buckle up Houston, things are about to get ugly.
25
posted on
04/20/2020 6:53:10 AM PDT
by
blabs
To: babble-on
by “it”, I mean the $11 dollar price.
To: hapnHal
Here in New (Tax Me to Death) Jersey, I paid $1.91 yesterday.
Of course, we’re not going anywhere, so that gas will last a month. By the time I fill up again, it’ll be well into the $2.50 range.
I DESPISE New Jersey. Getting outahere as soon as I can.
To: hapnHal
It means that after 20 years, the oil and gas industries will no longer be propping up the U S economy. Which industry will take their place?
To: Jewbacca
It’s good that Iran is beset by sanctions, COVID-19, low oil prices and now locusts. Maybe with all of the hurdles Iran’s funding of terrorism will decline ... or stop.
I’d like to see Hamas in the market for begging bowls.
29
posted on
04/20/2020 6:54:02 AM PDT
by
meatloaf
To: hapnHal
Eliminate and/or reduce gas taxes and we may have .33 cents per gallon gas again.
The temptation will be there to do the opposite and raise gas taxes to $2.00 or more per gallon, and keep fuel prices high.
Were Obama president and democrats were in control of congress and states, gas taxes would have been raised thru the roof.
30
posted on
04/20/2020 6:54:20 AM PDT
by
adorno
To: hapnHal
What it means is great losses to our oil producers and mass unemployment.
31
posted on
04/20/2020 6:54:37 AM PDT
by
Rusty0604
(2020 four more years!)
To: hapnHal
32
posted on
04/20/2020 6:55:07 AM PDT
by
rey
To: hapnHal; All
In constant dollars, oil is cheaper than in 1946:
Year 1946
Nominal Price $1.63
Inflation Adjusted Price $21.20
33
posted on
04/20/2020 6:55:15 AM PDT
by
Bruiser 10
(Will you Boogaloo?)
To: hapnHal
34
posted on
04/20/2020 6:55:17 AM PDT
by
youngidiot
(The left uses book publishing companies to launder large amounts of cash to other leftist.)
To: Jewbacca
35
posted on
04/20/2020 6:55:53 AM PDT
by
Rusty0604
(2020 four more years!)
To: blabs
Things already are.
It started a month ago.
36
posted on
04/20/2020 6:55:54 AM PDT
by
TexasM1A
To: silverleaf
There is literally nowhere to put any oil in significant amounts.
To: snoringbear
> While great for those of us not in the oil industry these low prices are killing our domestic oil & gas industryIts worse than that, oil is THE strategic commodity, without it we cant fight a war.
38
posted on
04/20/2020 6:56:27 AM PDT
by
SecondAmendment
(This just proves my latest theory ... LEFTISTS RUIN EVERYTHING)
To: NohSpinZone
Oil producers... Iran, Russia... however too bad for US states.
39
posted on
04/20/2020 6:56:32 AM PDT
by
dhs12345
To: hapnHal
Dayum!!
I remember as a kid I took a gallon plastic jug to get gas for my mini-bike
I asked the attendant (they still had them in those days) to give me 50 cents worth of gas... he looked at the jug and said “I won’t fit 50 cents worth in that”
40
posted on
04/20/2020 6:56:56 AM PDT
by
Mr. K
(No consequence of repealing obamacare is worse than obamacare itself.)
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