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Oil prices could fall below zero: Analyst
Fox Business ^ | March 18, 2020

Posted on 03/18/2020 12:12:24 PM PDT by 11th_VA

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To: 11th_VA

Naw. The companies have their break even point, and will curtail production.


61 posted on 03/18/2020 12:42:48 PM PDT by lurk
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To: DuncanWaring

I may need to buy a few 5 gallon buckets. I wonder what the price of buckets is now??


62 posted on 03/18/2020 12:42:57 PM PDT by fhayek
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To: Texas Eagle

yup


63 posted on 03/18/2020 12:43:12 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: 11th_VA

gunna have a lotta oil tankers sitting in the water doin nuttin...


64 posted on 03/18/2020 12:43:20 PM PDT by stylin19a (((2016 - Best.Election.Of.All.Times.Ever.In.The.History.Of.Ever)))
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To: dfwgator

It gets better. With the SPR getting filled with West Texas crude the Gulf Coast refineries could take this opportunity to retool away from that Saudi garbage.


65 posted on 03/18/2020 12:44:18 PM PDT by SanchoP (DC is the deep state.)
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To: Texas Eagle

It’s already $1.39 a gal some places in MI!


66 posted on 03/18/2020 12:44:23 PM PDT by Beagle8U (Slo-Joe Biden... puts the Dem in Dementia.)
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To: 11th_VA

Freepers do know various crude prices differ markedly

Like over 5-600 percent ...spread

Saudi Basket

Urals

WTI

Brent

Mars US

Cheapest is Wyoming General Sour at 10.00 bucks a barrel

Most Expensive is Girassol in the Atlantic off the coast of Angola ...65.40

Girassol has best octane results mid range fuels of any crude in the cracking tower


67 posted on 03/18/2020 12:44:23 PM PDT by wardaddy (I applaud Jim Robinson for his comments on the Southern Monuments decision ...thank you)
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To: dfwgator

Trump is filling the reserves.


68 posted on 03/18/2020 12:45:43 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: P-Marlowe
"I’ll take a billion barrels. No make that 10 billion. Can I put that on my VISA?"

With negative interest rates looming, you don't want a positive balance on your credit card :-)

69 posted on 03/18/2020 12:46:13 PM PDT by tinyowl
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To: dfwgator

DOUBLE or TRIPLE our Strategic Reserves.


70 posted on 03/18/2020 12:47:10 PM PDT by LeonardFMason (Lou Dobbs)
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To: Beagle8U

Shup. Nobody wants to hear that.


71 posted on 03/18/2020 12:48:44 PM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: pburgh01

Woohoo!


72 posted on 03/18/2020 12:49:24 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: P-Marlowe

“I’ll take a billion barrels. No make that 10 billion. Can I put that on my VISA?”


Just for identity verification purposes - your card will not be charged.

Below zero - how absurd.


73 posted on 03/18/2020 12:51:09 PM PDT by Ancesthntr ("The right to buy weapons is the right to be free." A. E. van Vogt, The Weapons Shops of Isher)
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To: ding_dong_daddy_from_dumas

Aww Hell Yeah!


74 posted on 03/18/2020 12:52:48 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: 11th_VA

When they pay me to buy it, I might get some. Let’s see...where did I leave my bicycle tire pump. I’m getting closer to my home...

https://www.youtube.com/watch?v=bv7XR_cJU9Y

Funky


75 posted on 03/18/2020 12:53:09 PM PDT by PGalt (Past Peak Civilization?)
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To: Texas Eagle

$1.73 in San Antonio.


76 posted on 03/18/2020 12:55:39 PM PDT by EQAndyBuzz (Operation Chaos is in play. Repeat, Operation Chaos is in play)
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To: EQAndyBuzz

Shup.


77 posted on 03/18/2020 12:58:16 PM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: EQAndyBuzz

$1.88 in Pratt, KS.


78 posted on 03/18/2020 12:59:58 PM PDT by ammomajor (If 'helicopter Ben' says gold isn't money, I want more of it.)
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To: All

Those wells have valves on them. Turn it one way its open. Turn it the other way it is closed


79 posted on 03/18/2020 1:07:15 PM PDT by cork (uip)
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To: 11th_VA

Who is going to keep pumping it?


80 posted on 03/18/2020 1:07:20 PM PDT by Mr. Blond
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