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Re: Oil at $50.
[Re: txtrophy85]
#8097601
12/21/20 05:52 AM
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Joined: Jul 2015
Posts: 23,177
Bee'z
The Beedazzler
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The Beedazzler
Joined: Jul 2015
Posts: 23,177 |
I drive 35-50k miles a year. I like $1.99/gallon diesel.
This ^^^^^ but I also like my friends be employed in the trade they know. I have a lot of friends in the oil field. But I remember when diesel was $4.00/gallon. I would venture to guess that a lot more people are affected negatively by high oil prices than by low oil prices.....wasn’t one of the benefits of being energy independent low fuel prices? Your write offs where higher back then yes...
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Re: Oil at $50.
[Re: BigPig]
#8097750
12/21/20 02:15 PM
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Joined: Aug 2005
Posts: 31,947
txtrophy85
THF Celebrity
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THF Celebrity
Joined: Aug 2005
Posts: 31,947 |
I drive 35-50k miles a year. I like $1.99/gallon diesel.
This ^^^^^ but I also like my friends be employed in the trade they know. I have a lot of friends in the oil field. But I remember when diesel was $4.00/gallon. I would venture to guess that a lot more people are affected negatively by high oil prices than by low oil prices.....wasn’t one of the benefits of being energy independent low fuel prices? Best thing about $4 diesel was I bought a brand new Superduty for $22,000 off sticker without having to haggle the price. when it cost you $150 to fill it up, sure there were not alot of buyers
For it is not the quarry that we truly seek, but the adventure.
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Re: Oil at $50.
[Re: Wilhunt]
#8097789
12/21/20 02:53 PM
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Joined: Oct 2004
Posts: 39,542
redchevy
THF Celebrity
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THF Celebrity
Joined: Oct 2004
Posts: 39,542 |
I hated having to swipe my credit card pump till it shut off at the max limit and then put the pump back re-swipe and fill it again. I also hated. 120-130 dollar fillups.
Im not in the oil business and i have no lost love for the oil business. I do feel for the folks who loose their livelihood when oil drops.
It's hell eatin em live
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Re: Oil at $50.
[Re: Bee'z]
#8097798
12/21/20 02:58 PM
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Joined: Jun 2015
Posts: 5,920
Jgraider
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2015
Posts: 5,920 |
I drive 35-50k miles a year. I like $1.99/gallon diesel.
This ^^^^^ but I also like my friends be employed in the trade they know. I have a lot of friends in the oil field. But I remember when diesel was $4.00/gallon. I would venture to guess that a lot more people are affected negatively by high oil prices than by low oil prices.....wasn’t one of the benefits of being energy independent low fuel prices? Supply was way down, demand was way up back then with a booming economy. Pretty simple.
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Re: Oil at $50.
[Re: txtrophy85]
#8098647
12/22/20 01:35 AM
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Joined: Apr 2007
Posts: 60,465
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,465 |
I drive 35-50k miles a year. I like $1.99/gallon diesel.
I drive the same amount in an F250 also, I’d take $3.00 gal all day every day.
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Re: Oil at $50.
[Re: Wilhunt]
#8098668
12/22/20 01:52 AM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Oil at $50.
[Re: BOBO the Clown]
#8098690
12/22/20 02:09 AM
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Joined: Aug 2005
Posts: 31,947
txtrophy85
THF Celebrity
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THF Celebrity
Joined: Aug 2005
Posts: 31,947 |
I drive 35-50k miles a year. I like $1.99/gallon diesel.
I drive the same amount in an F250 also, I’d take $3.00 gal all day every day. Do you have oil wells, royalties or derive income off Oil & Gas?
For it is not the quarry that we truly seek, but the adventure.
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Re: Oil at $50.
[Re: Wilhunt]
#8098715
12/22/20 02:24 AM
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Joined: Dec 2016
Posts: 479
RGLass
Bird Dog
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Bird Dog
Joined: Dec 2016
Posts: 479 |
I helped my high school buddy on his family ranch when we were in high school. They had sheep and goats. When we ran sheep towards an opening in a fence, one of us would run ahead and hold a fence post or tree branch in the opening. EVERY sheep would jump over the obstacle even when we pulled it out of the way. Sheepeole!
Last edited by RGLass; 12/22/20 02:24 AM.
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Re: Oil at $50.
[Re: RGLass]
#8098741
12/22/20 02:41 AM
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Joined: May 2011
Posts: 28,031
skinnerback
THF Celebrity Chef
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THF Celebrity Chef
Joined: May 2011
Posts: 28,031 |
I helped my high school buddy on his family ranch when we were in high school. They had sheep and goats. When we ran sheep towards an opening in a fence, one of us would run ahead and hold a fence post or tree branch in the opening. EVERY sheep would jump over the obstacle even when we pulled it out of the way. Sheepeole!
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Re: Oil at $50.
[Re: RGLass]
#8098772
12/22/20 03:03 AM
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Joined: Aug 2005
Posts: 31,947
txtrophy85
THF Celebrity
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THF Celebrity
Joined: Aug 2005
Posts: 31,947 |
I helped my high school buddy on his family ranch when we were in high school. They had sheep and goats. When we ran sheep towards an opening in a fence, one of us would run ahead and hold a fence post or tree branch in the opening. EVERY sheep would jump over the obstacle even when we pulled it out of the way. Sheepeole! So we learned about roaches....
For it is not the quarry that we truly seek, but the adventure.
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Re: Oil at $50.
[Re: Wilhunt]
#8098907
12/22/20 05:09 AM
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Joined: Sep 2004
Posts: 1,862
swampthang
Pro Tracker
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Pro Tracker
Joined: Sep 2004
Posts: 1,862 |
Most of the talking heads on CNBC and Bloomberg seem to think oil priced $55-$70 bbl would be what's best for the US economy(whatever "best" means).
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Re: Oil at $50.
[Re: Wilhunt]
#8098926
12/22/20 05:48 AM
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Joined: Oct 2012
Posts: 29,604
Sneaky
THF Celebrity
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THF Celebrity
Joined: Oct 2012
Posts: 29,604 |
I understand both sides of this issue. I also appreciate those that can see the bigger picture more than they will ever know.
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Re: Oil at $50.
[Re: swampthang]
#8098927
12/22/20 05:50 AM
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Joined: Oct 2012
Posts: 29,604
Sneaky
THF Celebrity
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THF Celebrity
Joined: Oct 2012
Posts: 29,604 |
Most of the talking heads on CNBC and Bloomberg seem to think oil priced $55-$70 bbl would be what's best for the US economy(whatever "best" means). They may be right, in this case, but could you explain why you’re listening to those libtards?
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Re: Oil at $50.
[Re: Sneaky]
#8098951
12/22/20 10:46 AM
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Joined: Sep 2004
Posts: 1,862
swampthang
Pro Tracker
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Pro Tracker
Joined: Sep 2004
Posts: 1,862 |
Most of the talking heads on CNBC and Bloomberg seem to think oil priced $55-$70 bbl would be what's best for the US economy(whatever "best" means). They may be right, in this case, but could you explain why you’re listening to those libtards? I trade stocks as a side hustle so it behooves me to look at those channels occasionally.
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Re: Oil at $50.
[Re: swampthang]
#8099325
12/22/20 04:22 PM
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Joined: May 2012
Posts: 8,383
nsmike
THF Trophy Hunter
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THF Trophy Hunter
Joined: May 2012
Posts: 8,383 |
Most of the talking heads on CNBC and Bloomberg seem to think oil priced $55-$70 bbl would be what's best for the US economy(whatever "best" means). It's the price point that makes almost all shale formations profitable, to drill and frac, while being low enough to not be a major drag on the economy. I read an article on it on Oilprice.com awhile back. The article I read said $60 to $65 so they just narrowed it a bit.
for every stereotype there's a prototype don't be the prototype
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Re: Oil at $50.
[Re: nsmike]
#8099429
12/22/20 05:24 PM
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Joined: Oct 2004
Posts: 39,542
redchevy
THF Celebrity
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THF Celebrity
Joined: Oct 2004
Posts: 39,542 |
Most of the talking heads on CNBC and Bloomberg seem to think oil priced $55-$70 bbl would be what's best for the US economy(whatever "best" means). It's the price point that makes almost all shale formations profitable, to drill and frac, while being low enough to not be a major drag on the economy. I read an article on it on Oilprice.com awhile back. The article I read said $60 to $65 so they just narrowed it a bit. Lord knows im not in the oil biz or probably even very knowlegable about it. I watched a presentation on it a year ago by someone who knew a boat load about it. According to him, break evens for the permian was in the $20-30 range and EF a little higher in the $40 range if memory serves and off shore a little higher yet. That is from memory from a long time ago. My stance, im happy to permanently stabilize oil at an OK price for producers and consumers, but if the producers want to get their $100+ dollar a barrel bonuses in then as a consumer with no production I damn sure want my $0.99 a gallon gas days too.
It's hell eatin em live
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Re: Oil at $50.
[Re: RGLass]
#8099445
12/22/20 05:34 PM
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Joined: Mar 2019
Posts: 19,132
TCM3
THF Celebrity
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THF Celebrity
Joined: Mar 2019
Posts: 19,132 |
I helped my high school buddy on his family ranch when we were in high school. They had sheep and goats. When we ran sheep towards an opening in a fence, one of us would run ahead and hold a fence post or tree branch in the opening. EVERY sheep would jump over the obstacle even when we pulled it out of the way. Sheepeole! i see your point.
Do not forget to entertain strangers, For by so doing some have unwittingly entertained angels Hebrews 13:2 (R-TX)
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Re: Oil at $50.
[Re: BigPig]
#8099715
12/22/20 09:09 PM
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Joined: Sep 2015
Posts: 237
20bore
Woodsman
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Woodsman
Joined: Sep 2015
Posts: 237 |
Best thing about $4 diesel was I bought a brand new Superduty for $22,000 off sticker without having to haggle the price. Man, for $22k off sticker, I'd consider trading my Tundra.
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Re: Oil at $50.
[Re: Wilhunt]
#8100061
12/23/20 12:39 AM
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Joined: May 2012
Posts: 8,383
nsmike
THF Trophy Hunter
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THF Trophy Hunter
Joined: May 2012
Posts: 8,383 |
for every stereotype there's a prototype don't be the prototype
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Re: Oil at $50.
[Re: Wilhunt]
#8100167
12/23/20 01:49 AM
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Joined: Dec 2011
Posts: 14,275
Ramsey
Pepe' Le Pew
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Pepe' Le Pew
Joined: Dec 2011
Posts: 14,275 |
Still have too much inventory, drillers are not starting new projects yet. It may be awhile
Big Beckett!!
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Re: Oil at $50.
[Re: 20bore]
#8100465
12/23/20 11:18 AM
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Joined: Aug 2009
Posts: 22,716
BigPig
THF Celebrity
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THF Celebrity
Joined: Aug 2009
Posts: 22,716 |
Best thing about $4 diesel was I bought a brand new Superduty for $22,000 off sticker without having to haggle the price. Man, for $22k off sticker, I'd consider trading my Tundra. It was the easiest buying experience ever. Walked the lot with the internet sales lady, pointed at a truck I liked and asked her what price she could do. Sticker was $54,000, she looked through her papers and said “I can $32,000 today.” Sold. And even more surprising is she gave me the higher end of KBB value on my trade in which left me financing about $16,000. Traded that F-250 in 4 years later with a bum transmission and North Central Ford gave me $30,000 trade in. Again, super happy.
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Re: Oil at $50.
[Re: BigPig]
#8101091
12/23/20 10:01 PM
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Joined: Sep 2015
Posts: 237
20bore
Woodsman
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Woodsman
Joined: Sep 2015
Posts: 237 |
Traded that F-250 in 4 years later with a bum transmission... On second thought
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Re: Oil at $50.
[Re: 20bore]
#8101101
12/23/20 10:13 PM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
I wish it was 10 bucks a gallon.............keep people off the road
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Re: Oil at $50.
[Re: fadetoblack64]
#8101108
12/23/20 10:19 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
I wish it was 10 bucks a gallon.............keep people off the road I know a shortcut to Walmart. I can go in my Gator. They are practically giving hams away.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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