Oil on the (downward slide) upward climb...

[orange]

It's all piped in to Boise.

 

[BlazeES]

Is today the day WTI breaks below $40 ?

 

[laatsch55]

Everything else is falling through the basement...

 

[Skratch]

3.39 gal in Chicago.. Good time to buy Exxon stock, down to 72.92 a share

 

[laatsch55]

Not yet....

 

[BlazeES]

3.39 gal in Chicago.. Good time to buy Exxon stock, down to 72.92 a share

Is that $3.39 for Exxon/Mobil gas ?

 

[MarkWComer]

3.39 gal in Chicago.. Good time to buy Exxon stock, down to 72.92 a share

Regular unleaded is $1.999 here in South Carolina.

Um... I wouldn't be buying any stock just yet- best wait a few days. The market really dropped today.

 

[orange]

Standard grade unleaded has been regaining most of the drops it took earlier this year and has hit $3 a gallon here in SW Idaho/SE Oregon...we have no refineries, remember, so past Utah it's on a pipeline.

However, I'm pretty sure that oil will return to around 50 dollars a barrel for a base in the coming 12 months. The geopolitical reality of our times and nature of conflicts in play will force it.

Sh!t's gonna happen. Sh!t don't take a vacation.

 

[orange]

And NO, I would not buy stocks in large oil companies right now, you won't be happy in the long run with the results. Shell is exploring in the Arctic and BP is still exploring despite weak markets but they look to be the exceptions right now from what I've read (not a lot of reading but that's what I read).

I think the market is out there but it's at least a few months to maybe two years out before prices are robust and stable again. That doesn't mean $80/bbl, it means that they have established a steady price range again.

Lee has been doing what he believes is best, picking up equipment to update and replace his stock or even allow for eventual expansion...which will happen. Contraction has to occur and I think he's prepared.

 

[orange]

Diesel is finally cheaper than gas here...

Not here it isn't.

 

[orange]

Some article on Yahoo today has somebody speculating $68 a barrel at year's end, but they drink a lot.

 

[MarkWComer]

September 4, 2015 in Cayce, South Carolina:

 

[BlazeES]

Glad to see this. Hope it lasts.

September 4, 2015 in Cayce, South Carolina:

 

[BlazeES]

All three grades under $3 ... kicked in this weekend at the usual watering hole.
Cash or credit.

$2.79
$2.89
$2.99

 

[derek92994]

$1.16 per litre for regular here in Brisbane Australia.
$4.39 per gallon

 

[jaetee]

Regular dropped 1/10 of a cent below $2/gallon in Florida this week!

 

[Northwinds]

$2.31 here in Coventry, lower 5 miles away by almost 10 cents

Getting there, when I see $.99 a gallon again like the day I moved to CT 14 years ago (filled up the Firebird to move here from Rochester, NY) I will be happy

 

[BlazeES]

Crude Oil Jan 16 (CLF16.NYM)

36.80


2.39 Reg
2.49 Mid
2.59 Prem
at the old watering hole this morning.

There's a whole bunch of surrounding stations as low as 2.35 for regular now
but not places I go to. Keep in mind that this is also in Cal-I-forn-I-a

How low will she go ...

 

[laatsch55]

Told ya.....

 

[Northwinds]

$2.11 here in Coventry, probably 5 cents or so lower in Windham/Willimantic