Gas prices

[32vfromhell]

Oh boo-hoo, the oil companies like exxon/mobil wont break their previous profit record by leaps AND bounds this year, just leaps.

[phaux]

Lol, seeing as which ISIS is selling massive quantities of "their" oil for around $25 a barrel I don't think any dropping oil prices from any country has anything to do with them...

[Sgt Beavis]

WTI crude is at $84.72 this morning. Hopefully it won't got much lower. That is pretty close to a fair price.

Wholesale Gasoline commodities are at $2.24. THAT directly affects the price at the pump. You'll see that price (with added expense and profit margin) within a couple more weeks. Prices in Denton finally started diving below $3 here. WOOHOO!

If you look at the commodities indexes, you'll see that they have been dropping since July. Just my layman opinion here but I'm thinking the Fed has been cutting back on all that free money which investors have been putting into commodities. It has been mostly speculative driven for a long time now..

[SMKR]

This is not to say that every well is unconventional, but it gives an idea of break-even numbers (last fall).



But remember that the margin also has to pay for exploratory drilling and other things. Not all wells make money.


Other sources say this:






Not US, but some visibility:

http://www.petroleum-economist.com/A...rice-fall.html

Once oil hit in the low $80s per barrel everything started coming to a halt in the Permian for us. Also this time of year each year in regards to budgets always meant a slow down.

[Captain Crawfish]

You'll see 2.70 rbob has fallen hard not a good sign. Market has been selling off

[Trip McNeely]

CNG has been under $2.00 for a long time.

[Mike]

It's been under $3.00/gal for a couple of weeks here.

[Big Dad]

2.90 here in SoDak

[lincolnboy]

With the unveiling of the Telsa D, its good timing to be selling gas cheap right now.

[Roscoe]

[HarrisonTX]

We are trying to cripple isis with low gas prices, lol.

I wish we had a like button

I read about a month ago that China was going to slash oil prices to cut ISIS's funding. Maybe that's whats happening.

[Sean88gt]

I laughed way too hard at this.

So did I, especially when I thought I clicked on the pornhub thread.

[Strychnine]

Is that where you shove hotdogs into the formation to prop open the shale rock?

I laughed way too hard at this.

[samuel642000]

We are trying to cripple isis with low gas prices, lol.

I wish we had a like button

[inline 6]

We are trying to cripple isis with low gas prices, lol.