I’m going to start covering some positions. I’m not digging this consolidation.
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Price Check in the Gas and Diesel Aisle...
- Thread starter BullGear
- Start date
Wise......... We are standing at the "Roulette Wheel"......... How lucky do you guy's feel ?
Keeping my spare cans full, about once a month. $100 this trip.
oilprice.com
Further OPEC+ Production Cuts Could Be Looming | OilPrice.com
OPEC+ has just issued an open-ended message for oil markets, and some are speculating that further production cuts could be looming
oilprice.com
Properly timing that move is going to require a big brass pair. Looks like we've got the right man for the job.
$75 is my target. I’m of the impression that no amount of manufacturing can make up for several hundred million people per day NOT filling up fuel tanks.
Demand destruction happened. The only people who will be surprised about the coming depression will be the news and joe biden.
Large Crude Build Sends Oil Prices Tumbling | OilPrice.com
Crude oil prices eased from their earlier gains after the Energy Information Administration reported the largest crude build in 5 months
oilprice.com
Water and oil..........
oilprice.com
Drought Forces British Columbia To Suspend Water Permits For Oil Firms | OilPrice.com
Ongoing drought in Canada’s British Columbia province has forced regulations to ration water use in oil and gas operations
oilprice.com
Diesel is holding it's price up due to the onset of cold weather and people using home heating oil which is diesel.
An interesting position the ECB took:
The European Central Bank will not give short-term financing to European energy firms struggling through the energy crisis, sky-high prices, and margin calls on the derivatives markets, ECB President Christine Lagarde said on Friday.
“As far as the ECB is concerned, and the national central banks of the Eurosystem, of course we stand ready to provide liquidity to banks, not to energy utility firms,” Lagarde said at a news conference in Prague today, as carried by Bloomberg.
“In this current, very volatile environment, it’s important that fiscal measures be put in place to provide liquidity to solvent energy-market participants, in particular utility firms,” the ECB chief added.
oilprice.com
The European Central Bank will not give short-term financing to European energy firms struggling through the energy crisis, sky-high prices, and margin calls on the derivatives markets, ECB President Christine Lagarde said on Friday.
“As far as the ECB is concerned, and the national central banks of the Eurosystem, of course we stand ready to provide liquidity to banks, not to energy utility firms,” Lagarde said at a news conference in Prague today, as carried by Bloomberg.
“In this current, very volatile environment, it’s important that fiscal measures be put in place to provide liquidity to solvent energy-market participants, in particular utility firms,” the ECB chief added.
The European Central Bank Won’t Provide Financing For Energy Firms | OilPrice.com
The president of the European Central Bank has ruled out short-term financing for European energy firms, stating that it will only provide liquidity to banks
oilprice.com
Anyone mentioning this a year ago would have been laughed at.
oilprice.com
Xi To Meet Putin In Uzbekistan In First Overseas Trip Since Start Of Pandemic | OilPrice.com
President Xi rarely leaves the country, and the Uzbekistan summit will be his first overseas trip since the beginning of the coronavirus pandemic in 2020.
oilprice.com
Pay attention when the Traders back away... The Perfect Storm.
Institutional traders are selling their fuel positions at the fastest rate since early March as a slowdown looms over much of the world. This is the latest sign that worry about the world's immediate economic future is deepening as Europe faces a very real recession and the Fed risks stagflation in its fight with inflation.
oilprice.com
Institutional traders are selling their fuel positions at the fastest rate since early March as a slowdown looms over much of the world. This is the latest sign that worry about the world's immediate economic future is deepening as Europe faces a very real recession and the Fed risks stagflation in its fight with inflation.
Hedge Funds Ditch Diesel As Economic Fears Mount | OilPrice.com
Institutional traders have been selling middle distillates as fears of an economic slowdown mount due to aggressive interest rate hikes and high energy prices
oilprice.com
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| WTI Crude • | 85.10 | -3.38 | -3.82% |
| Brent Crude • | 90.87 | -3.23 | -3.43% |
| Heating Oil | 84.80 | 89.55 | -5.31% |
Paid $2.999 for regular unleaded today outside of Knoxville, TN. Still cost me $50 on a half a tank. Discount card price shown. First time I've seen it this "cheap" in a long time.
I'm betting he won't refill it within the next 12 months. Winter is coming and the demand for heating oil will be greater this year than in previous years. I have friends who are hedging their bets by having a stock of fire wood, wood pellets, propane, heating oil, electric heaters and solar systems. They also have a standby (multi-fuel) generator.
The next time you pass your local county jail / regional prison..... Observe how much reserve fuel they have to run a generator.
Staying warm with a full belly is high on my list of priorities.
Despite a solid job market in the U.S. and still a high level of economic activity, the financial markets – as seen in equity futures – point to higher chances of a major decline in the economic cycle, or a recession, over the next six months, Reuters’s senior market analyst John Kemp notes.
oilprice.com
Fears Of Economic Slowdown Cap Crude Prices | OilPrice.com
Tightening monetary policy is expected to slow economic growth, while several financial market indicators suggest that the markets expect recessions, which could slow global oil demand growth
oilprice.com
No change in my area. This is getting boring. Was looking forward to finding the best gas for the cheapest price....
| WTI Crude • | 83.47 | -1.64 | -1.93% |
| Brent Crude • | 89.90 | -1.45 | -1.59% |
| Heating Oil | 83.48 | 84.01 | -0.63% |
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U.S. emergency oil reserves tumble to lowest since 1984
U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of Energy (DOE) data released on Monday.
www.reuters.com
$75 is still my target.
WTI Crude • 83.47 -1.64 -1.93% Brent Crude • 89.90 -1.45 -1.59%
Heating Oil 83.48 84.01 -0.63%
U.S. emergency oil reserves tumble to lowest since 1984
U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of Energy (DOE) data released on Monday.
| WTI Crude • | 84.36 | -1.37 | -1.60% |
| Brent Crude • | 90.65 | -1.35 | -1.47% |
| Heating Oil | 87.44 | 86.91 | 0.61% |
10 Million Barrels Of SPR Crude Going Up For Sale For November Delivery | OilPrice.com
The Department of Energy has announced that it will sell up to 10 million barrels for November delivery, which would bring the total SPR sale to 165 million barrels out of the 180 million barrel target set in April
oilprice.com
probably the same people who were telling everyone to buy silver as they sold it.
Tesla Owner Claims Replacement Battery Costs $26,000
Yikes, that’s more expensive than most engines by a lot!
No refunds
| WTI Crude • | 85.96 | +2.02 | +2.41% |
| Brent Crude • | 92.67 | +2.05 | +2.26% |
| Heating Oil | 90.08 | 89.03 | 1.19% |
Foot note:
Heating oil is quoted in 100 liters or 26.4172 gallons... About $3.96 / gallon
Tesla Owner Claims Replacement Battery Costs $26,000
Yikes, that’s more expensive than most engines by a lot!www.yahoo.com
No refunds
To be fair, if the engine in your $140k luxury gasoline powered car goes boom and needs replaced 10 years later, it isn't going to be cheap.
But yes, that is something that has to be considered when getting an electric vehicle, the batteries (at least any now on offer) will degrade and most designs don't offer easy swaps and even if they do, the batteries themselves are a very large part of the cost of the vehicle.
The battery technology today is hugely better than it was 10 years ago and it's kind of a well known thing that electric cars in the 10 to 15 years ago range are probably going to have iffy batteries. I suspect in another 10 years the batteries available then will be significantly better than the batteries today.
So if you are getting an all electric car, get the longest factory warranty you can and plan to trade it in at the end of the warranty.
California seeks to ban sales of diesel big rig trucks in bold bid to cut pollution
linkCA doubling down on stupid
"require that, by 2035, medium- and heavy-duty trucks entering ports and railyards must be zero emission and that state and local government fleets be so by 2027."
Commiefornia today, low grade gas... $5.19 9/10 for the rental car. TDY...low grade gas in Marylandistan is $3.33 9/10 today.
Sure could use a mean tweet...but worry not, my expenses will be reimbursed with your tax dollars...I'm retired military, and a dirty scumbag contractor now.
this is how they are convincing the mooorons to buy electric cars...what the fools don't understand is that they will be milked even more.
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