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Joined: May 2010
Posts: 9,504 Likes: 6
Campfire Outfitter
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Campfire Outfitter
Joined: May 2010
Posts: 9,504 Likes: 6 |
Should I start taking my own vaseline when I fill up, or will the gas stations provide it? They will use Tobassco as lube.
I am always looking for factory wood stocks!
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Joined: Oct 2010
Posts: 7,813 Likes: 13
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,813 Likes: 13 |
Fixed income threads are my favorite threads.
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Joined: Jan 2020
Posts: 1,033 Likes: 3
Campfire Regular
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Campfire Regular
Joined: Jan 2020
Posts: 1,033 Likes: 3 |
I don’t understand all the lies and truths about oil production, but everyone has been saying since day one Biteme has been selling off our oil storage that we have to have full for war or economic shutdown, how are we going to get this full again if the price doesn’t go up for all these oil men to reinvest billions to fire up all this old broke down rigs that are being dug out of scrap yards??? I have said on here they are finally drilling again on private land, and there are no rigs, pads are rocked and waiting for the few that are running, if you live in oil country you no things get a lot cheaper quickly when new people and business come back in, it’s called competition, Drill baby Drill
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Joined: Jan 2002
Posts: 12,889 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,889 Likes: 5 |
Crude inventories down
Gasoline inventories down
Distillate inventories down
Refinery output is normal
US crude production is up
Wonder why the price is going up? Ask Wall Street, they see these numbers too. Hmmmn? if output is "normal" and production is "up", where is the "up" part going? Is crude stored??? I'd assume the inventories are down due to higher demand??? Yessir, demand is up for gasoline, distillates, and jet fuel. thanks JG, but what about the upswing in crude production? Where's it going? Straight to the refineries and out the gate? But "output is normal", wouldn't that mean a surplus somewhere? Oil consumption follows economic activity. We’re doing better than expected in the US, but the Europeans are stagnating and China and much of Asia are shrinking. That what the Saudis are reacting to. World wide demand. Nobody believes anything Russia says about their oil production, but the Saudis have some credibility. They see the writing on the wall and want to stay ahead of the drop in demand. They aren’t interested in giving up market share to the US. I agree, but the Saudi's have been playing this game for decades. They "cut" production, the market (Wall St/traders/hedge funds) reacts, the Saudi's cheat and actually don't lower production and make a whole crapload of extra money. This is why I've been saying for years......he who owns the oil, rules, period. We produce as much oil as the Saudi’s, there’s a lot of people here that happily go with the Saudi narrative, wink, wink, nod, nod, and raise the price, ‘cause, well, SHORTAGE, haven’t you heard? As far as the strategic oil reserve, it’s called the Permian and the Bakken fields. We’d have all the strategic oil reserves for decades if our refineries were reconfigured to be able to use that oil.
Sic Semper Tyrannis
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Joined: Jan 2012
Posts: 45,037 Likes: 28
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
Posts: 45,037 Likes: 28 |
Gas jumped up from 3.13 3.35 around various stations here today.
To pretty much 3.55 across the board all over town.
20 to 40 cents in one day increase.
Honk for Joey.....
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Joined: Oct 2021
Posts: 10,945 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,945 Likes: 4 |
BP CEO, Looney resigns suddenly amid disclosure of sexual relationships with colleagues.
WSJ
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Joined: Oct 2021
Posts: 10,945 Likes: 4
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,945 Likes: 4 |
The biggest oil deficit since 2007 is soon expected to hit due to the cut back by Saudi Arabia and Russia.
Business Insider
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Joined: Aug 2005
Posts: 28,285 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,285 Likes: 15 |
I agree, but the Saudi's have been playing this game for decades. They "cut" production, the market (Wall St/traders/hedge funds) reacts, the Saudi's cheat and actually don't lower production and make a whole crapload of extra money. This is why I've been saying for years......he who owns the oil, rules, period. We produce as much oil as the Saudi’s, there’s a lot of people here that happily go with the Saudi narrative, wink, wink, nod, nod, and raise the price, ‘cause, well, SHORTAGE, haven’t you heard? As far as the strategic oil reserve, it’s called the Permian and the Bakken fields. We’d have all the strategic oil reserves for decades if our refineries were reconfigured to be able to use that oil. I live in the Permian, so I understand it pretty well. The entire world takes notice of what the Saudi's are doing, not what's going on in the Permian. They can fart in the wrong direction and get a monetary reaction around the world. Just the way it is.
It is irrelevant what you think. What matters is the TRUTH.
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Joined: Jun 2007
Posts: 21,980 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Jun 2007
Posts: 21,980 Likes: 2 |
If you need tires, get 'em now.
They all go up next month.
And the guy that asked about petroleum jelly (Vaseline). Stock up on that too, if your price conscious...
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Joined: Dec 2021
Posts: 3,587 Likes: 6
Campfire Tracker
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Campfire Tracker
Joined: Dec 2021
Posts: 3,587 Likes: 6 |
Just yesterday!!!
Diesel - $4.099/gal
Non-ethanol gas - $4.399/gal
OPEC is cutting production.
ergo, prices going up!
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Joined: Jan 2009
Posts: 1,862 Likes: 2
Campfire Regular
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Campfire Regular
Joined: Jan 2009
Posts: 1,862 Likes: 2 |
It’s on its way up. And the industry is laying down rigs.
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Joined: Jun 2011
Posts: 1,008
Campfire Regular
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Campfire Regular
Joined: Jun 2011
Posts: 1,008 |
It’s on its way up. And the industry is laying down rigs. Gee, I wonder why? Could the policies of the current administration have anything to do with supply which greatly affects price. Just sitting her in the Permian and wondering. Elections have consequences. You are now witnessing the results of the 2020 election. Those that forget are condemned to repeat.
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Joined: Feb 2010
Posts: 2,846 Likes: 2
Campfire Regular
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Campfire Regular
Joined: Feb 2010
Posts: 2,846 Likes: 2 |
Time to raise rents and the labor rate again.
Property taxes went up quite a bit too.
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Joined: Mar 2018
Posts: 171
Campfire Member
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Joined: Mar 2018
Posts: 171 |
Brandon will have no option than to touch the oil reserve.
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Joined: Dec 2013
Posts: 13,196 Likes: 14
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 13,196 Likes: 14 |
Brandon will have no option than to touch the oil reserve. I had understood Brandon said that he would refill the reserves when oil got down into the $70s which it did for a while. Did he?
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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Joined: Dec 2021
Posts: 3,587 Likes: 6
Campfire Tracker
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Campfire Tracker
Joined: Dec 2021
Posts: 3,587 Likes: 6 |
My hunting buddy is the ultimate Welder. The group he's working for builds oil production equipment, NOT drilling equipment.
He works 12 hour days M-F and 1/2 day on Sat and they can’t keep up with demand.
They can't get people to work who will actually work.
The people that WILL work aren't bilingual and nearly impossible to work with unless YOU are.
Out of necessity, he has had to learned enough Tex-Mex to get a helper to actually assist him.
The petroleum is out there, Let's Go Brandon is either selling it overseas or refilling the oil reserves.
Doubt seriously he's refilling the oil reserve.
Also remember, he's the one who released all our oil reserves to China! 😖
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Joined: Dec 2005
Posts: 3,174 Likes: 7
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 3,174 Likes: 7 |
BP CEO, Looney resigns suddenly amid disclosure of sexual relationships with colleagues.
WSJ Again, are you assuming nobody else follows the news? Any other original thoughts from you? How about consumers cannot hide from run away inflation . . . mainly due to the piss poor leadership of our Country, the very leadership fools like you voted for! Go away Toot.
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Joined: Aug 2005
Posts: 28,285 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,285 Likes: 15 |
Brandon will have no option than to touch the oil reserve. What good will that do? It's already at it's lowest point in like 40 years.
It is irrelevant what you think. What matters is the TRUTH.
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Joined: Dec 2021
Posts: 3,587 Likes: 6
Campfire Tracker
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Campfire Tracker
Joined: Dec 2021
Posts: 3,587 Likes: 6 |
I agree, but the Saudi's have been playing this game for decades. They "cut" production, the market (Wall St/traders/hedge funds) reacts, the Saudi's cheat and actually don't lower production and make a whole crapload of extra money. This is why I've been saying for years......he who owns the oil, rules, period. We produce as much oil as the Saudi’s, there’s a lot of people here that happily go with the Saudi narrative, wink, wink, nod, nod, and raise the price, ‘cause, well, SHORTAGE, haven’t you heard? As far as the strategic oil reserve, it’s called the Permian and the Bakken fields. We’d have all the strategic oil reserves for decades if our refineries were reconfigured to be able to use that oil. I live in the Permian, so I understand it pretty well. The entire world takes notice of what the Saudi's are doing, not what's going on in the Permian. They can fart in the wrong direction and get a monetary reaction around the world. Just the way it is. Eldest worked in the Permian for a while. As I understand it, with all the newest drilling technology and the capability to go deeper than ever, they have discovered another formation even deeper, larger and more productive below the Permian Basin.
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Joined: Oct 2021
Posts: 10,945 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,945 Likes: 4 |
I agree, but the Saudi's have been playing this game for decades. They "cut" production, the market (Wall St/traders/hedge funds) reacts, the Saudi's cheat and actually don't lower production and make a whole crapload of extra money. This is why I've been saying for years......he who owns the oil, rules, period. We produce as much oil as the Saudi’s, there’s a lot of people here that happily go with the Saudi narrative, wink, wink, nod, nod, and raise the price, ‘cause, well, SHORTAGE, haven’t you heard? As far as the strategic oil reserve, it’s called the Permian and the Bakken fields. We’d have all the strategic oil reserves for decades if our refineries were reconfigured to be able to use that oil. I live in the Permian, so I understand it pretty well. The entire world takes notice of what the Saudi's are doing, not what's going on in the Permian. They can fart in the wrong direction and get a monetary reaction around the world. Just the way it is. Eldest worked in the Permian for a while. As I understand it, with all the newest drilling technology and the capability to go deeper than ever, they have discovered another formation even deeper, larger and more productive below the Permian Basin. Same in East Texas concerning the Austin Chalk.
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