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Thread: Oil Slick Stuff

  1. #15193

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    Default Re: Oil Slick Stuff

    I can remember this happening before, I believe it will get worse!skull.gif
    11/26/2021
    LS CRUDE Oil
    =$68.15 a Barrel, Daily Status -10.24

  2.  
  3. #15194

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    Default Re: Oil Slick Stuff

    US oil production is still more than 10% below production prior to the pandemic. It should just be a short time before more production comes back on line- and $78 oil is good for those holding shares of oil companies.

    Here are the weekly production figures:

    https://www.eia.gov/dnav/pet/hist/Le...s=WCRFPUS2&f=W

  4.  
  5. #15195

    Default Re: Oil Slick Stuff

    Oil is down another $2.50 this morning and testing some serious support.

    This is the USO ETF chart.

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

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

  6.  
  7. #15196

    Default Re: Oil Slick Stuff

    Cracking?

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

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

  8.  
  9. #15197

    Join Date
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    Default Re: Oil Slick Stuff





    Oil has only done this twice in the past 20 years — and it could forecast a 50% rally

    by Lizzy Gurdus

    Oil has only done this twice in the past 20 years — and it could forecast a 50% rally (msn.com)

    Oil prices could be setting up for a major rally, one strategist says.
    May the force be with us.

  10.  
  11. #15198

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    Default Re: Oil Slick Stuff

    Quote Originally Posted by nasa1974 View Post




    Oil has only done this twice in the past 20 years — and it could forecast a 50% rally

    by Lizzy Gurdus

    Oil has only done this twice in the past 20 years — and it could forecast a 50% rally (msn.com)

    Oil prices could be setting up for a major rally, one strategist says.

    NOT GOOD!!! Every things Price will follow. Who is responsible for this?
    11/26/2021
    LS CRUDE Oil
    =$68.15 a Barrel, Daily Status -10.24

  12.  
  13. #15199

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    Default Re: Oil Slick Stuff

    For one, villainizing US fracking can be blamed. For a while there, we WERE the swing state producer, but once again OPEC has the ball.

    Second, the thought that electricity is clean takes a large blame. Most just think electricity comes from the ground and as long as there's nothing coming out of the car's tailpipe, it's clean. Try using water, there isn't enough. Try using coal, it's too dirty and pollutes (and contributes to the global warming story). Try using natural gas and the methane is blamed for creating a hole in the ozone. Try using nuclear and oh my god, who wants that in their backyard. Try using solar panels and people wonder why they can't run their air conditioner when it's 90 degrees outside.

    If people want electricity they're going to need coal. If they want transportation, they're going to need oil.

  14.  
  15. #15200

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    Default Re: Oil Slick Stuff

    Hurricane Ida is going to be a problem this week.

  16.  
  17. #15201

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    Default Re: Oil Slick Stuff

    Quote Originally Posted by Bullitt View Post
    Hurricane Ida is going to be a problem this week.
    Hopefully the market doesn't have a problem on Monday. I might have to think about jumping on the lily pad or put on a fresh pair of sticky pants. I guess I have to wait until Monday to make a decision.
    May the force be with us.


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  19. #15202

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    Default Re: Oil Slick Stuff

    Within a 5 mile radius of my house gas is anywhere from $2.79 to $3.25 per gallon. Nearest to me the average is about $3.07/gal
    May the force be with us.

  20.  
  21. #15203

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    Default Re: Oil Slick Stuff

    Gas within a mile of my house is $2.84 to $2.97 a gallon. My phone app says a Shell station 3 miles away has gas for $2.27.
    May the force be with us.

  22.  
  23. #15204

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    Default Re: Oil Slick Stuff

    I've noticed a wide range as well. 5 miles could equal 10 cents.

    Those are good prices, though I noticed many stations advertise their "cash" price which can be 10 cents lower.

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