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Nzoner's Game Room>Gasoline over $4 coming to a pump near you because this thread is ass
Donger 08:40 AM 04-23-2007
http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

[Reply]
Donger 10:40 AM 01-12-2016
Originally Posted by BigMeatballDave:
I love low gas prices as much as anyone, but not to the point where people are losing jobs because of it.
I agree with you, but I think we are the minority.
[Reply]
KC native 11:33 AM 01-12-2016
Originally Posted by BigMeatballDave:
Yeah, a buddy of mine lives in Weatherford, Texas. Drives for an oil company. Doesn't deliver crude, but he pulls water from wells. He was laid off last summer.

I love low gas prices as much as anyone, but not to the point where people are losing jobs because of it.
Those jobs will come back quickly once the price rises again.

My friend who is in oilfield equipment sales/leasing was laid off last week. I was surprised he made it as long as he did.
[Reply]
KC native 11:34 AM 01-12-2016
Originally Posted by Donger:
I agree with you, but I think we are the minority.
And you have a fetish for high oil prices.

$30.15 for WTI on factset right now. :-)
[Reply]
Donger 12:18 PM 01-12-2016
Originally Posted by KC native:
And you have a fetish for high oil prices.

$30.15 for WTI on factset right now. :-)
No I don't.
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scho63 12:26 PM 01-12-2016
I think $20-25 is the bottom and even if it isn't, I will buy the hell out of oil stocks both personally and energy mutual funds in my 401K.
[Reply]
BigMeatballDave 01:57 PM 01-12-2016
Originally Posted by eDave:
My area has been stagnant for some time now.
:-)
Sometimes you just gotta take matters into your own hands...
[Reply]
Donger 01:59 PM 01-12-2016
Originally Posted by eDave:
My area has been stagnant for some time now.
I presume you mean with regard to gasoline prices?

If so, the price of crude has been stagnant as well, until a few days ago.
[Reply]
Hog's Gone Fishin 02:04 PM 01-12-2016
Originally Posted by scho63:
I think $20-25 is the bottom and even if it isn't, I will buy the hell out of oil stocks both personally and energy mutual funds in my 401K.
This morning on the news they were saying it could get down to $10. Thinking about the same thing myself. When Trump becomes Prez and nukes Iran and then pisses off the rest of the ME we could see $150 oil.
[Reply]
Donger 02:32 PM 01-12-2016
Briefly touched $29.93
[Reply]
scho63 04:33 PM 01-12-2016
Originally Posted by Donger:
Briefly touched $29.93
There still doesn't seem to be a complete capitulation or panic that would signal we are near a bottom. It's just a slow eroding of value.
[Reply]
KC native 04:34 PM 01-12-2016
Originally Posted by Donger:
Briefly touched $29.93
How long did you cry when that happened?
[Reply]
Donger 04:36 PM 01-12-2016
Originally Posted by scho63:
There still doesn't seem to be a complete capitulation or panic that would signal we are near a bottom. It's just a slow eroding of value.
I certainly don't see $10.00. And I have trouble seeing $20.00. Maybe $25.00
[Reply]
Donger 04:37 PM 01-12-2016
Originally Posted by KC native:
How long did you cry when that happened?
0.00 seconds.
[Reply]
KC native 04:38 PM 01-12-2016
Originally Posted by Donger:
0.00 seconds.
I don't believe that.

I bet it was close to 3 minutes.
[Reply]
Donger 04:41 PM 01-12-2016
Originally Posted by KC native:
I don't believe that.

I bet it was close to 3 minutes.
I fail to see why you think I'd be upset about crude being low.
[Reply]
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