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01-12-2016, 04:42 PM | #466 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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$10 seems a little too unrealistic. If it got that low for any extended period, the oil industry in this country would be crippled. Maybe that's what Saudi Arabia is truly aiming for but they may bankrupt their own country in the process.
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Posts: 50,810
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01-12-2016, 04:45 PM | #467 |
Banned
Join Date: Feb 2009
Location: Fort Worth, TX
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Posts: 24,946
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01-12-2016, 04:46 PM | #468 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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A potential 50% reduction in shale production is already pretty damaging. Our adding to the global spare capacity has had a significant impact on crude's decline.
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Posts: 181,497
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01-12-2016, 04:47 PM | #469 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Posts: 181,497
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01-12-2016, 04:52 PM | #470 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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The people in Saudi capable of making that happen wouldn't care as they have the private jets for themselves, their harem and their race horses.
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Posts: 42,915
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01-12-2016, 06:09 PM | #471 |
Roy E.
Join Date: Sep 2005
Location: Olathe, KS
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So what are some good oil-related investments I should look in to? Gotta contribute to my Roth IRA soon.
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Posts: 22,761
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01-12-2016, 06:48 PM | #472 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Contango. Don't invest.
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Posts: 42,915
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01-13-2016, 09:36 AM | #473 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
The problem with oil mutual funds is they have some good ones and some dogs in them that may go bankrupt so they may not get the best returns. Be very careful of stocks with artificially high dividend yields, they will likely be cut. |
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Posts: 50,810
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01-13-2016, 10:00 AM | #474 |
Now it's Willie Time!
Join Date: Jun 2004
Location: Beating hippies
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Inventory numbers just kicked WTI in the balls again.
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Posts: 4,052
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01-15-2016, 09:06 AM | #475 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Crude following the market today. Down 5.00% right now at $29.64
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Posts: 181,497
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01-15-2016, 09:30 AM | #476 |
Supporter
Join Date: Dec 2005
Location: Highlandville, MO
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Just saw $1.49 gas in Springfield.
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Posts: 12,621
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01-15-2016, 09:34 AM | #477 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Wow. Gasoline now well below $2.00 at $1.92.
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Posts: 181,497
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01-15-2016, 10:33 AM | #478 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Oil at $29.53 and RBOB gasoline is at $1.04 a gallon yet the wonderful people of Cali still are paying $3 a gallon or more in many places
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Posts: 50,810
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01-15-2016, 10:43 AM | #479 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Diesel still in the 1.90-2.10 range here.
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Posts: 42,915
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01-15-2016, 02:38 PM | #480 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Closed at $29.19. The lowest since November 2003.
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Posts: 181,497
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