Home Forums Hunting & Shooting Hunter's Campfire The Global Oil Market Is Broken, Drowning in Crude Nobody Needs

Call me selfish but I gave dearly 30+ years to a great company and am damn happy to be out of it collecting my pensions. I truly feel for those now impacted just as I was in my 30 years.

WTF ? how were you "impacted" ?

Living without family for months at a time for years in [bleep] holes given there was no work that allowed me in the US. You?

Lived on the road 5 days a week for 10 yrs ... for 50k a year... but I don't play the victim card... what a tool

They say this is a price war between the Saudis and the Russkies, but I see it as an attempt by both, colluding to put the US frackers out of business.

This

So did they hold a gun to your head? and were you compensated.... fuggin prick

Oh [bleep].....somebody wants to be thanked for their "service".... Nobody was lined up to give me condolences when the housing market [bleep] the bed in '08. We all live in a system that operates on boom/bust cycles. Enjoy the good times and make sure you save enough to drink your way through the down turns. If you don't have the stones to deal with that, get a job in the public sector. They're always hiring building inspectors and DMV clerks.

This fuggin douche loves to post how rich he is .... he was worth 8 million... well until his stock lost 30+ % poor victim.. it was so hard , cry me a fuggin river

First off, let me be clear that I am in no way claiming to be any kind of an expert in this field, but consider this: What if the U. S. put a high import fee on crude oil and refined products - and enforced it - to prop up domestic production? Don't get me wrong, I would love to pay around $1.00/gallon for gasoline retail, but our economy cannot stand the massive layoffs that this will cause in our domestic production. These oil companies cannot stay in business if they are not making a profit. If they close down, those workers cannot buy anything or pay their bills. If they cannot spend money on cars, clothes, restaurants, new TVs, washing machines, etc., etc., this will devastate our economy. A lot of people do not understand what a MAJOR impact this industry has on our economy. We are not just talking about a few hundred workers on a drilling rig here and there and a hundred or so in a refinery 2,000 miles away. Additionally, petroleum products are not just limited to gasoline, diesel, and jet fuel. Petrochemicals are used in everything from plastics to synthetic fibers to coatings, etc., etc. If the petroleum industry should collapse, it could be beyond devastating for the economy. Just my thoughts. Any expert opinions here? I hope I am way off base with this.

boat we fish in holds 500

Russian need hard currency, so they've been cheating on their production limits with Saudi's.

Along the way, the Saudi royal family created an extensive oil funded welfare state, and need to keep the checks flowing to maintain power. In an attempt to teach the Russians a lesson they are pumping at full rate, betting they have sufficient cash reserves to outlast the Russians, bringing them to heal. Sure they wouldn't mind putting a few U.S. out of business in the process, but that's not their primary objective.

Remember 2008 gas was $5.00, hard to feel sorry for them today......
Oh and I do understand the markets.. sorta , supply and demand should rule but I think when they could they manipulated the hell out of the markets.

Yep, I always read his posts in the voice of Mr.Howell on Gilligan's island. Pretentious prick.

My proline 2510 carried 200gal. Fuel was $4.00/gal after Katrina, and Everytime the wife was on board I'd only put 50gal in her at $200.00. She'd bitch about what I was paying to play and we'd all laugh knowing if she knew we were blowing $600 a trip out she'd probably kill me. Twin Yamaha 225 saltwater series II's were burning 1.5 gal a mile at W.O.T.

Russians needing hard currency ? wait until the Israeli gas pipeline to Europe comes on line.

yup running a 100+ miles offshore and trolling takes fuel, the cat we fish in has twin Yamaha 300 4 strokes.

What's the ETA on this project?

I need to catch up on it, JG. Haven’t looked in a while.

Some would say that it’s Armeggadon in the making. That’s one leg of the Russians’ 3 legged stool.

The ruskies and Saudis were in a price war months before this stsrted!,,!
My take and what I am doing is buying good oil companies.[ this to will pass.

If you think that this is the end of the world I can not help you
0because there is no help for you.