Options
$53 OIL..........who wins, who loses.
MGLICKER
✭✭✭
Looks like the domestic production has caused the Cartel to blink, well at least the House of Saud.
Clearly oil at this price will put the pinch on the Bakken producers as well as the high cost frackers.
....assuming we stay at this level for a bit, who wins and who loses? Think internationally.
...and what happens to metals, equities and other commodities?
Glad to see this break as the non oil state residents will have a few added bucks for the holidays.
Clearly oil at this price will put the pinch on the Bakken producers as well as the high cost frackers.
....assuming we stay at this level for a bit, who wins and who loses? Think internationally.
...and what happens to metals, equities and other commodities?
Glad to see this break as the non oil state residents will have a few added bucks for the holidays.
0
Comments
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
...this will help Japan, though they unabashedly beg for inflation.
<< <i>Winners....Consumers, Airline & Truck Industries. Lower cost in Diesel for the Railroads should also help them. I suspect as in the past, the pendulum will swing back and "restore the status quo." >>
I expect that will happen sooner rather than later.
<< <i>Winners-politicians up for re-election. Something to hang their hats on. Loser-air quality for cheaper prices means more use of the cars,less mass transit. >>
And gashog sales are way up too.
<< <i>Buffet and his crude oil railway express have gotta be feelin the pinch. >>
i hope he feels it deep jmo
<< <i>
<< <i>Buffet and his crude oil railway express have gotta be feelin the pinch. >>
i hope he feels it deep jmo >>
His pal Barry will no doubt throw him a trillion if he needs it.
I think $60.00 per barrel is cut off point for shale's profit margin.
I'm sure we will lose in the long run.
Is really going to hurt Russia.
Not so sure about that, at last not here. ULSD is still .75-.85 higher than gasoline in these parts. The only good thing about Railroads and Barges, they don't have to pay the taxes on the fuel as long as it dyed red for non-road usage. Trucks on the road and even automobiles that use it are still being squeezed.
$2.86/gallon??? The heating oil dealers here in Connecticut are still around $3.50/gall and have been for over a month as oil prices have plunged. Talk about gouging.
<< <i>Good deal for precious and base metal mining companies where the cost of energy is a major cost factor. >>
Bingo!
Your paying to much RR, shop around unless you are locked in. Advanced
Buy 200 or more today, get it for $2.84 a gallon. Prices from 4 years ago.
Buy 200 or more today, get it for $2.84 a gallon
There are no "volume" deals here any more. Chicago is often highest in the Country which is unexplained to me because it is so cut throat. Being cut throat, you'd think it's be cheaper than most, not the most expensive.
<< <i>
<< <i>
<< <i>Buffet and his crude oil railway express have gotta be feelin the pinch. >>
i hope he feels it deep jmo >>
His pal Barry will no doubt throw him a trillion if he needs it. >>
id believe it
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
I knew it would happen.
<< <i>WTI cracked below $70 today in electronic trading. >>
Sounds good to me. 87 octane is down to $2.69 in my area. $2.50 this winter would be great!
Happy Thanksgiving!
<< <i>With a 4 banger jeep that gets worse mileage than my hemi, I love me some cheaper gas. Let it drop to $50. >>
I had a friend with a Jeep. That thing could guzzle. He switched to a VW diesel.
<< <i>
<< <i>With a 4 banger jeep that gets worse mileage than my hemi, I love me some cheaper gas. Let it drop to $50. >>
I had a friend with a Jeep. That thing could guzzle. He switched to a VW diesel. >>
I got better mpg with my old v6 one, like ~40%. The hamster wheel just can't push something as aerodynamic as a refridgerator box with any kind of ease.
<< <i>Thanks, Obama? >>
<< <i><<$2.86/gallon??? The heating oil dealers here in Connecticut are still around $3.50/gall>>
Your paying to much RR, shop around unless you are locked in. Advanced
Buy 200 or more today, get it for $2.84 a gallon. Prices from 4 years ago. >>
Thanks, I'll give them a shout next time. Fwiw I tried a discount oil dealer 2 fill ups ago. They short changed me 25-30 gallons which completely negated any savings from the regular delivery guys. Found out after the fact that they had a complaint history on line.
Don't be so sure that dropping oil prices benefit consumers. It may do so in the short term. But, dropping oil (and commodity) prices are often a sign of a coming recession. What you save in fuel costs could easily be negated by all the negative things that tend to come with recessions. Cheap oil in fall of 2008 was also joined by stock portfolios dropping considerably. Jobs will get tougher to find and hold as oil plummets.
Oil is below 69 tonight!
<< <i>They always said that agriculture costs were up because of energy, maybe at some point the food prices might drop but I haven't seen any signs of it yet.
Oil is below 69 tonight! >>
Most ag commodities are way down too, food prices should follow this winter. I live in John Deere country and their guidance for 2015 is in the toilet - Profit is forecast to be off 40% in 2015. Construction and forestry equipment are keeping them for falling even further. Deere's largest construction equipment plant sits 4 miles from my house and is going like gangbusters on dozers, backhoes, and skidsteers.
Losers: Exxon Mobil, oil companies, oil service companies, alternative energy companies (solar), coal, Caterpillar, railroads, Canada, Russia, Mexico, Saudis
<< <i>Winners: Walmart, Target, dollar stores, McDonalds, Disney, airlines, truckers, hotels, cruise lines, Europe.
Losers: Exxon Mobil, oil companies, oil service companies, alternative energy companies (solar), coal, Caterpillar, railroads, Canada, Russia, Mexico, Saudis >>
Pretty good list.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
I knew it would happen.
<< <i>Good deal for precious and base metal mining companies where the cost of energy is a major cost factor. >>
The price of their product is also a major factor, and right now precious metal prices are declining along with the price of oil.
<< <i>Winners: Walmart, Target, dollar stores, McDonalds, Disney, airlines, truckers, hotels, cruise lines, Europe.
Losers: Exxon Mobil, oil companies, oil service companies, alternative energy companies (solar), coal, Caterpillar, railroads, Canada, Russia, Mexico, Saudis, DPOOLE!! >>
Some frack wells just went into production on our farmland.
Here's a warning parable for coin collectors...
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
<< <i>this is shaping up to be an absolutely gangbusters long play. >>
The trick is when and where, but I agree and have been looking....
If it's an approved capital project, the chances are that it will go forward. If the funds haven't been allocated, they will be taking a much harder look at the numbers now. Unless the Saudis are really running dry, they'll be in the best shape.
this is shaping up to be an absolutely gangbusters long play.
Agree. And this is the best time to be looking at what comes next, or at least what comes after the dust settles and the prices equilibrate.
I knew it would happen.
I knew it would happen.
<< <i>I suspect that we will see a huge bailout for the US oil industry. Stay tuned, the template has been set.
Very unlikely....we didn't see a bail out or even talk of a bail out when oil was even much lower in 2009
<< <i>
<< <i>I suspect that we will see a huge bailout for the US oil industry. Stay tuned, the template has been set.
Very unlikely....we didn't see a bail out or even talk of a bail out when oil was even much lower in 2009 >>
Yes but this is the "jobs" and "stock market" president who is scrambling for any remnants of a legacy. There will certainly be substantial layoffs if oil does not rally back to $80 in short order. Perhaps the bailout will be a huge, clandestine move into WTI futures rather than the typical TARP or cash for clunkers type programs.
<< <i>
<< <i>
<< <i>I suspect that we will see a huge bailout for the US oil industry. Stay tuned, the template has been set.
Very unlikely....we didn't see a bail out or even talk of a bail out when oil was even much lower in 2009 >>
Yes but this is the "jobs" and "stock market" president who is scrambling for any remnants of a legacy. There will certainly be substantial layoffs if oil does not rally back to $80 in short order. Perhaps the bailout will be a huge, clandestine move into WTI futures rather than the typical TARP or cash for clunkers type programs. >>
Spoken like the true Conspiracy Advocate, that all of your posts indicate, that you are. Good night & pleasant dreams.
<< <i>Spoken like the true Conspiracy Advocate, that all of your posts indicate, that you are. Good night & pleasant dreams. >>
Sorry. I forgot that this is the most transparent presidency evah!
<< <i>this is shaping up to be an absolutely gangbusters long play. >>
+1
Forget PMs, long oil the next big play
Timing critical