# The "Oil Prices" thread. **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 10, 2008, 10:44am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739 "2008-03-10T10:44:58Z")\ **Posts on this page:** 20\ **Page:** 87
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [January 16, 2015, 9:17pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1721 "2015-01-16T21:17:01Z")
WAMP wamp I’m in o/g good thing I’m the only engineer with civil and construction experience. Slumburger just laid off 8k or 9k people. Eeek hope this idnt signs of a crash. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [January 16, 2015, 9:47pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1722 "2015-01-16T21:47:02Z")
> [@TradersBASE](#): > > You guys have heard about “too big to fail” right? 😛 > On a more serious note, has anyone considered the USD has been gaining spending power? Isn’t it logical, commodities priced in USD drop as the value of USD climbs? I doubt the major players are in any danger. They’ll obviously slow down, but they’re not going to face bankruptcy. The little guys? Yeah they might be in trouble. ---
**Author:** ![95dime](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/95dime/32/7514_2.png) [@95dime](https://forums.speedlife.net/u/95dime)\ **Post date:** [January 17, 2015, 11:15am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1723 "2015-01-17T11:15:42Z")
> [@boardjnky4](#): > > Yeah, I know. But my wife doesn’t want to drive a full size truck and I don’t want to drive 30 miles a day at 10mpg, so we’re at somewhat of a dilemma. 3 cars is an option, but I’d really rather not maintain 3 vehicles and I don’t have the driveway space for it. anytime the gf drives my truck, she cant get over how much bigger it is compared to her car… and my truck really isn’t that big lol. if you look at anything late 2000’s and newer you’ll get pretty decent mileage. I avg about 18-20mpg combined in my ram, best of 22mpg on my last road trip. 7k just feels like too much for a midsize to be safe. hell my truck weighs just over 5k pounds and there’s been times when towing I could feel the trailer pushing my truck in wind. (8.5x24+vnose car hauler, aluminum frame). its well within the towing capacity, and my truck has plenty of power and braking to handle it, but the truck would really benefit from being heavier and having a longer wheelbase. that’s what concerns me with the new fords, they shed all kinds of weight with the aluminum body, yet up the towing capacity? doesn’t seem safe to me. Back on topic, I’m enjoying the price of oil being low. I don’t buy the BS that the economy will suffer because of it. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [January 17, 2015, 1:30pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1724 "2015-01-17T13:30:31Z")
Oh I wasn’t saying that I have a 7k load, just that was the vehicle capacity I was looking for. I’m probably closer to 5k. A boat is also more aerodynamic than a rectangular trailer. Frankly my Pilot does OK for 30 minute trips, but I’m not sure what 3 hours on the highway would be like. ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [January 19, 2015, 10:51am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1725 "2015-01-19T10:51:09Z")
> **[America's Going to Lose the Oil Price War](https://www.bloomberg.com/view/articles/2015-01-12/americas-going-to-lose-the-oil-price-war)** > > In the oil price war, U.S. frackers are squared off against countries, not businesses like themselves. always like reading analysis on this stuff. toward the end he discusses US Govt intervention in the form of subsidies. to some degree there will have to be intervention and the point in the article is that US companies in the business of producing oil are competing against nation states who have no substitute for petro dollars to finance their budgets. for that reason, unless the US govt (and the CDN govt for that matter) wants to let a significant driver of its economic recovery become insolvent they will have to step in. i’d rather see north america buyers of oil agree to price contracts as i mentioned previously rather than see the govt step in but that could be view as protectionist… which i’m all for btw 🙂 ---
**Author:** ![rugsr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rugsr/32/7474_2.png) [@rugsr](https://forums.speedlife.net/u/rugsr)\ **Post date:** [January 19, 2015, 11:20am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1726 "2015-01-19T11:20:33Z")
> [@95dime](#): > > I don’t buy the BS that the economy will suffer because of it. same here…we were doing fine years ago when gas was 2.50 here…and even 1.50 before that ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [January 19, 2015, 2:16pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1727 "2015-01-19T14:16:51Z")
it has more to do with shuttering operations, losing jobs and a pull back in economic speculation which boosts valuations and investing. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [February 5, 2015, 5:26am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1728 "2015-02-05T05:26:26Z")
> **[Crude Rally Ends As U.S. Stockpiles Hit New High | Investor's Business Daily](https://www.investors.com/crude-rally-ends-us-stockpile-hit-new-high/)** > > Oil fell Wednesday after four straight days of gains, as U.S. crude stockpiles grew more than expected to a record high. Supplies rose by 6.3 million barrels to 413.1 million... Read More "Oil fell Wednesday after four straight days of gains, as U.S. crude stockpiles grew more than expected to a record high. Supplies rose by 6.3 million barrels to 413.1 million barrels in the week ended Jan. 30, the Energy Information Administration said, the highest since the EIA started keeping records in August 1982. Analysts polled by Platts were only expecting stockpiles to rise by 2.8 million barrels. [View Enlarged Image](http://news.investors.com/photopopup.aspx?path=Biz11-Oil-0205-Thinkstock.jpg&docId=737828&xmpSource=&width=1065&height=600&caption=&id=737813) U.S. crude plunged 4.7% to $50.53 per barrel and Brent fell 3% to $56.13. Late Tuesday, the American Petroleum Institute said U.S. crude stockpiles had increased for the fifth straight week, rising by 6.1 million barrels last week. Shares of oil companies retreated on the [news](http://news.investors.com/investing.aspx?nav=secondNewsInvesting). **Continental Resources** (NYSE:[CLR](http://research.investors.com/quotes/nyse-continental-res-inc-clr.htm)) plunged 3.7% to 44.99 on the [stock market today](http://www.investors.com/stock-market-today/). **ConocoPhillips** (NYSE:[COP](http://research.investors.com/quotes/nyse-conocophillips-cop.htm)) fell 2% to 66.38. **Chevron** (NYSE:[CVX](http://research.investors.com/quotes/nyse-chevron-corp-cvx.htm)), **Exxon Mobil** (NYSE:[XOM](http://research.investors.com/quotes/nyse-exxon-mobil-corp-xom.htm)), **BP** (NYSE:[BP](http://research.investors.com/quotes/nyse-b-p-plc-adr-bp.htm)) and **Royal Dutch Shell** (NYSE:[RDSA](http://research.investors.com/quotes/nyse-royal-dutch-shell-a-ads-rdsa.htm)) also dipped. Crude had been on the uptick after **Baker Hughes** (NYSE:[BHI](http://research.investors.com/quotes/nyse-baker-hughes-inc-bhi.htm)) reported on Friday that 94 rigs had been taken out of service in the week ended on Jan. 30, the biggest drop since the company started keeping records in 1987. Prices also got a lift last week when OPEC’s secretary-general said that oil prices could soar to $200 per barrel in three or four years." ---
**Author:** ![ProgRocker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/progrocker/32/5434_2.png) [@ProgRocker](https://forums.speedlife.net/u/ProgRocker)\ **Post date:** [February 5, 2015, 5:40am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1729 "2015-02-05T05:40:55Z")
![https://pbs.twimg.com/media/B6y5mTpCcAAah_i.jpg](https://pbs.twimg.com/media/B6y5mTpCcAAah_i.jpg) ---
**Author:** ![rugsr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rugsr/32/7474_2.png) [@rugsr](https://forums.speedlife.net/u/rugsr)\ **Post date:** [February 5, 2015, 6:46am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1730 "2015-02-05T06:46:00Z")
2 days ago BJ’s had gas at 2.36/gal Yesterday their price jumped to 2.40/gal [http://finance.yahoo.com/video/opec-el-badri-warns-200-160524343.html](http://finance.yahoo.com/video/opec-el-badri-warns-200-160524343.html) ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [February 5, 2015, 9:55am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1731 "2015-02-05T09:55:54Z")
yeah oil poppin this week ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [February 5, 2015, 9:57am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1732 "2015-02-05T09:57:36Z")
> [@bing](#): > > yeah oil poppin this week Bout time! ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [February 5, 2015, 10:05am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1733 "2015-02-05T10:05:09Z")
ugh… I have all this oil stock and don’t know when to dump [#firstworldproblems](http://www.nyspeed.com/usertag.php?do=list&action=hash&hash=firstworldproblems) ---
**Author:** ![rugsr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rugsr/32/7474_2.png) [@rugsr](https://forums.speedlife.net/u/rugsr)\ **Post date:** [February 5, 2015, 10:09am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1734 "2015-02-05T10:09:05Z")
im guessing now would be a good time to buy I swear, the big guys are just playing games. making the market drop so they can buy. Then selling when it rises ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [February 5, 2015, 10:51am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1735 "2015-02-05T10:51:26Z")
Buy when there is fear in the streets…or people are talking about V8’s for everyone due to cheap gas prices. ---
**Author:** ![Jimshorts](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jimshorts/32/5915_2.png) [@Jimshorts](https://forums.speedlife.net/u/Jimshorts)\ **Post date:** [February 9, 2015, 11:07am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1736 "2015-02-09T11:07:28Z")
The rig count is still dropping, I’m calling this as a head fake. ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [February 9, 2015, 12:23pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1737 "2015-02-09T12:23:43Z")
more ‘head fake’ talk here: > **[Citi: Oil Could Plunge to $20, and This Might Be 'the End of OPEC'](https://www.bloomberg.com/news/articles/2015-02-09/citi-oil-could-plunge-to-20-and-this-might-be-the-end-of-opec-)** > > This time is different ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [February 9, 2015, 3:49pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1738 "2015-02-09T15:49:51Z")
A strong macro trend requires micro reversals, which help renew/sustain momentum. ---
**Author:** ![Jimshorts](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jimshorts/32/5915_2.png) [@Jimshorts](https://forums.speedlife.net/u/Jimshorts)\ **Post date:** [February 20, 2015, 7:07am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1739 "2015-02-20T07:07:02Z")
Short read on how this isnt just a supply shock but a lack of demand as well. > **[Mind The Oil Demand Outlook: More Evidence Of Weakness](http://davidstockmanscontracorner.com/mind-the-oil-demand-outlook-more-evidence-of-weakness/)** > > Crude oil futures have been quite volatile of late, particularly in the front months where even the slightest changes in expectations of whatever factor (rig counts, CEO comments, etc.) send WTI su… ---
**Author:** ![HouseS2K](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/houses2k/32/100273_2.png) [@HouseS2K](https://forums.speedlife.net/u/HouseS2K)\ **Post date:** [February 22, 2015, 5:45am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1740 "2015-02-22T05:45:29Z")
Yesterday while in Toronto at the autoshow I was low on fuel so I looked for a gas station before heading home. The shell gas station had 91 octane for $1.90/liter. If my math is correct 1 gallon is 3.785 liters, I paid about $7.12/gallon yesterday. Sent from my iPhone 6 [Previous page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=86) [Next page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=88)