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Open Roads Forum  >  Around the Campfire  >  General Topics

 > Crude negative price @ -$2.50

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Yosemite Sam1

Under the pines.

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Posted: 04/20/20 12:19pm Link  |  Print  |  Notify Moderator

If you have a huge tanker, they'll pay you to take it at $2.50 a barrel.

I might not take my Cybertruck order anymore.[emoticon]

PawPaw_n_Gram

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Posted: 04/20/20 01:19pm Link  |  Print  |  Notify Moderator

They are running out of storage capacity, because retail fuel demand is down significantly.

Store it in your tanker. Or let the tanker sit unused because no one wants to transport oil right now. Your choice.


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DFord

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Posted: 04/20/20 01:36pm Link  |  Print  |  Notify Moderator

At that price (I heard you can buy all you want for $1/barrel just now), renewable energy sources won't be able to complete but the sure thing is, as soon as things start rolling again, they'll be after our wallets again. And you can take that to the bank!


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Yosemite Sam1

Under the pines.

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Posted: 04/20/20 01:54pm Link  |  Print  |  Notify Moderator

DFord wrote:

At that price (I heard you can buy all you want for $1/barrel just now), renewable energy sources won't be able to complete but the sure thing is, as soon as things start rolling again, they'll be after our wallets again. And you can take that to the bank!


As sure as the sun rises.

I wonder what the pump prices currently.

They wil definitely try to recover their losses in the near future. But the oil industry is waking up to the fact of softening demand. Some have already cut their dividends.

I wonder what happened to the oii industry stocks of a member here who boldly declared he is buying (more?).

TomG2

Central Illinois

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Posted: 04/20/20 02:11pm Link  |  Print  |  Notify Moderator

Two weeks ago, it was announced that we had worked a "Deal" to stabilize oil prices. Today's headline, "American oil crashes below $0 a barrel -- a record low" Don't need any more deals like that.

wanderingbob

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Posted: 04/20/20 02:12pm Link  |  Print  |  Notify Moderator

At the well head this morn , $12.73 for 40 gallons

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Posted: 04/20/20 03:54pm Link  |  Print  |  Notify Moderator

Fuel posts go here.

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