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Thread: Oil Slick Stuff

  1. #15157

    Join Date
    Sep 2006
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    Upstate NY
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    Default Re: Oil Slick Stuff

    Coming to a town near you - Supply will be down but demand will increase, aka, oil/gasoline prices will be higher.

    Nobody wants to invest in the big bad oil industry because "it's doomed" and is "not a long term solution". ESG investing has made oil once again the corporate villain. Oil companies need to get it together and stop worrying about the 5-10% dividend. A demand boom is coming.

  2.  
  3. #15158

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
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    64,625

    Default Re: Oil Slick Stuff

    Quote Originally Posted by Bullitt View Post
    Coming to a town near you - Supply will be down but demand will increase, aka, oil/gasoline prices will be higher.

    Nobody wants to invest in the big bad oil industry because "it's doomed" and is "not a long term solution". ESG investing has made oil once again the corporate villain. Oil companies need to get it together and stop worrying about the 5-10% dividend. A demand boom is coming.
    Maybe!
    03/05/2021
    LS CRUDE Oil
    =$66.09 a Barrel, Daily Status +$2.28

  4.  
  5. #15159

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    10,652

    Default Re: Oil Slick Stuff

    Gas around me almost looks like it changes price every couple of days. It used to be a week or two or three before the price changed up or down. Goofy market right now.
    May the force be with us.

  6.  
  7. #15160

    Join Date
    Jun 2004
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    Boiled Peanut, Georgia, USA
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    Default Re: Oil Slick Stuff

    We should see the price of Crude spike due to this action.oilgusher.gifSay goodbye to cheap gas!
    Biden to Cancel Keystone XL Pipeline in Inauguration Day Executive Order


    The project had already been languishing, but the action by Mr. Biden would signal his determination to undo President Trump’s environmental legacy.

    https://www.nytimes.com/2021/01/18/u...-pipeline.html
    03/05/2021
    LS CRUDE Oil
    =$66.09 a Barrel, Daily Status +$2.28

  8.  
  9. #15161

    Join Date
    Oct 2008
    Location
    Stinking desert valley of bad air quality, AZ
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    2,900

    Default Re: Oil Slick Stuff

    Up 20¢ here since the first. Up 5 today.

  10.  
  11. #15162

    Join Date
    Jun 2004
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    Boiled Peanut, Georgia, USA
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    Default Re: Oil Slick Stuff

    Quote Originally Posted by PessOptimist View Post
    Up 20¢ here since the first. Up 5 today.
    $2.09 to $2.29 in Boiled Peanut GA!
    03/05/2021
    LS CRUDE Oil
    =$66.09 a Barrel, Daily Status +$2.28

  12.  
  13. #15163

    Join Date
    Jun 2004
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    Boiled Peanut, Georgia, USA
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    Default Re: Oil Slick Stuff

    Everyone knows what happens when the price of oil goes UP! The price of Heating Oil, Gasoline spike causing the price of everything that is shipped to be more expensive and that's not all. Ask Jimmy Carter what happens. gasprices (2).jpg
    03/05/2021
    LS CRUDE Oil
    =$66.09 a Barrel, Daily Status +$2.28

  14.  
  15. #15164

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    10,652

    Default Re: Oil Slick Stuff

    Gas is between $2.17 and $2.47 around me.
    May the force be with us.

  16.  
  17. #15165

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    10,652

    Default Re: Oil Slick Stuff

    Gas around here is between $2.29 and $2.65 a gallon. The average is $2.39.
    May the force be with us.


  18.  
  19. #15166

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
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    64,625

    Default Re: Oil Slick Stuff

    E10 $2.10 to $2.35 a gallon in Boiled Peanut GA!
    03/05/2021
    LS CRUDE Oil
    =$66.09 a Barrel, Daily Status +$2.28

  20.  
  21. #15167

    Default Re: Oil Slick Stuff

    Oil is pushing $60 a barrel today.

    https://www.cnbc.com/quotes/@CL.1
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

  22.  
  23. #15168

    Join Date
    Jun 2004
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    Boiled Peanut, Georgia, USA
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    Default Re: Oil Slick Stuff

    Oil prices to reach $72 by summer: Goldman Sachs

    Demand will outstrip supply


    Oil prices will rally faster and sharper than previously expected as demand outstrips supply increases from OPEC+, Iran and U.S. shale, according to Goldman Sachs Group Inc.
    A reopening of the global economy will help demand return to pre-COVID-19 levels, but inventories remaining tight into the summer will cause West Texas Intermediate crude oil, the U.S. standard, to reach $67.50 per barrel in the second quarter and $72 in the next three months, according to Goldman. The firm previously forecast WTI would hit $62 this summer. [more]


    https://www.foxbusiness.com/markets/...-goldman-sachs
    03/05/2021
    LS CRUDE Oil
    =$66.09 a Barrel, Daily Status +$2.28

  24.  
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