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WTI Crude Oil #15035177 04/03/24 11:11 AM
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Bandit 200 XP Online Content OP
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$ 85.15 a barrel , bang


Triton 200 XP
200 Yamaha 0X66
Re: WTI Crude Oil [Re: Bandit 200 XP] #15035207 04/03/24 12:08 PM
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Agreed!


Okie by birth, Texan by choice.
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Re: WTI Crude Oil [Re: Bandit 200 XP] #15035211 04/03/24 12:11 PM
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banana

Re: WTI Crude Oil [Re: Bandit 200 XP] #15035238 04/03/24 12:30 PM
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So what is the consensus magic number that makes everybody happy?


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Re: WTI Crude Oil [Re: Bandit 200 XP] #15035240 04/03/24 12:30 PM
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whnigt Online Content
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Originally Posted by Bandit 200 XP
$ 85.15 a barrel , bang


Wait till they want most sales be EV's. Then you will see oil go through roof.

Re: WTI Crude Oil [Re: Bandit 200 XP] #15035248 04/03/24 12:35 PM
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Just bought some more DVN. Now it will go down.


2200 Bay Champ/200 Mercury Optimax
2017 Tundra TSS 4x4 Crewmax 5.7L
Re: WTI Crude Oil [Re: CCTX] #15035255 04/03/24 12:46 PM
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Originally Posted by CCTX
So what is the consensus magic number that makes everybody happy?

I have yet to see anyone on TFF happy about anything... bolt






Re: WTI Crude Oil [Re: Bandit 200 XP] #15035286 04/03/24 12:59 PM
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Sho 'nuff don't help the Dims in Nov. if gas is over $4/gal. Oil and gas folks know this !


Advice? Wise men don't need it. Fools won't heed it.

Re: WTI Crude Oil [Re: Bandit 200 XP] #15035301 04/03/24 01:15 PM
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In 2022 Biden started releasing a million barrels a day from the Strategic Petroleum Reserve. In an amazing coincidence, he timed the release to start six months before the mid-term election and end as soon as it was over. Poof, 180 million barrels of oil intended for national security purposes gone so Democrats could try to win elections.

It will shortly be time for more of the same, using resources intended to help all of us as a Democrat slush fund.

Re: WTI Crude Oil [Re: CCTX] #15035312 04/03/24 01:24 PM
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Originally Posted by CCTX
So what is the consensus magic number that makes everybody happy?



$85-$100 makes me happy

Re: WTI Crude Oil [Re: Bandit 200 XP] #15035318 04/03/24 01:32 PM
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SPR is at roughly 50% full. It was 100% full in 2009. Capacity is around 720 million barrels. It is around 355 now. JB administration sold off over 300 million barrels in 2022.


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Advice? Wise men don't need it. Fools won't heed it.

Re: WTI Crude Oil [Re: Bandit 200 XP] #15035320 04/03/24 01:35 PM
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If it gets any higher I’ll need to learn to walk sooner than I had planned-


What has happed to you does not define who you are-

HOW you react to what happens to you DOES!
Re: WTI Crude Oil [Re: CCTX] #15035321 04/03/24 01:36 PM
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Originally Posted by CCTX
So what is the consensus magic number that makes everybody happy?

There are people here that would complain if you hung them with a new rope. bolt


Sometimes what didn't work out for you, did in fact, work out for you.


Haters going to hate and believers are going to believe.

Every man has two lives,The second one starts when he realizes that he has only one.

“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.”
Re: WTI Crude Oil [Re: 1ShotNoKills] #15035400 04/03/24 02:35 PM
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Originally Posted by 1ShotNoKills
Originally Posted by CCTX
So what is the consensus magic number that makes everybody happy?



$85-$100 makes me happy

Re: WTI Crude Oil [Re: Razorback] #15035449 04/03/24 03:24 PM
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Originally Posted by Razorback
In 2022 Biden started releasing a million barrels a day from the Strategic Petroleum Reserve. In an amazing coincidence, he timed the release to start six months before the mid-term election and end as soon as it was over. Poof, 180 million barrels of oil intended for national security purposes gone so Democrats could try to win elections.

It will shortly be time for more of the same, using resources intended to help all of us as a Democrat slush fund.



In an amazing coincidence the release started as oil prices were hovering around $100 a barrel and were threatening to go higher due to Russia's oil and them invading Ukraine.

The oil left quicker than it was intended to. There was legislation already passed, as far back as 2015, that would lower the SPR to around 300m barrels by 2032. The money from the sales would be used to service the debt.

I don't see the need to refill it and in any case, when they do it will surely be for less than they got selling it.




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