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Re: WTI Crude Oil [Re: Bandit 200 XP] #15035478 04/03/24 03:56 PM
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It certainly looks like $85 a barrel traffic out this way. I’ll certainly take the 85 while it lasts.

Re: WTI Crude Oil [Re: Bandit 200 XP] #15035799 04/03/24 09:55 PM
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I've always heard the $65 is the sweet spot.

Now that I'm out of O&G, I don't follow it much any more.

Re: WTI Crude Oil [Re: Allison1] #15035833 04/03/24 10:30 PM
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Originally Posted by Allison1
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.




Thanks Cliff

Re: WTI Crude Oil [Re: GTrigg] #15035917 04/03/24 11:55 PM
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Originally Posted by GTrigg
[quote=CCTX]So what is the consensus magic number that makes everybody happy?

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

I’m happy!


Retirement best job ever.
Re: WTI Crude Oil [Re: steveiam] #15035929 04/04/24 12:10 AM
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Originally Posted by steveiam
If it gets any higher I’ll need to learn to walk sooner than I had planned-

LOL Steve...


Good Fishing and God Bless

“I’d rather be a failure at something I enjoy than to be a success at something I hate”


Re: WTI Crude Oil [Re: Moto-Moto] #15035946 04/04/24 12:22 AM
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Originally Posted by Moto-Moto
I've always heard the $65 is the sweet spot.

Now that I'm out of O&G, I don't follow it much any more.


this is what it use to be with inflation its probably closer to the 85 number now.

Re: WTI Crude Oil [Re: Allison1] #15035949 04/04/24 12:25 AM
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Originally Posted by Allison1
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.




Another absolutely idiotic post, no need to refill, do you have a clue about anything and why we have the SPR. good gosh you are absolutely a treasonous traitor to this country. We have world powers looking at taking over other countries and you want to empty our reserves. WOW I have rocks in my parking lot talking between themselves smarter than you

Last edited by 921 Phoenix; 04/04/24 12:33 AM.
Re: WTI Crude Oil [Re: Bandit 200 XP] #15035954 04/04/24 12:28 AM
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Re: WTI Crude Oil [Re: 9094] #15035980 04/04/24 12:43 AM
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Originally Posted by 9094
Originally Posted by GTrigg
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


I’m happy!


We saw -37 oil and oil over 100. There were people unhappy both times.

I would be happy with $75 oil.


Originally Posted by Jons3825
I am wrong but you can not prove it, you just believe it enough from the bottom of your heart.....

.......Every post you make I'll be trolling you.
Re: WTI Crude Oil [Re: Bandit 200 XP] #15036036 04/04/24 01:38 AM
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I like it. Bought some more DVN yesterday. I also hold Pioneer. I was thinking of selling last fall when it hit 255 after the ExxonMobil buy out announcement. Glad I held it. I don't drive much this time of year and boat has 90 gallons of gas in it.


2200 Bay Champ/200 Mercury Optimax
2017 Tundra TSS 4x4 Crewmax 5.7L
Re: WTI Crude Oil [Re: Allison1] #15036038 04/04/24 01:41 AM
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Originally Posted by Allison1
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.




The SPR isn't there for Presidents to sell it for profit. It's there for emergencies, to be used in case of a disruption in supply. Democrats possibly losing an election because their own policies caused fuel prices to go sky high isn't an emergency for anyone other than them.

But thanks for the regurgitated CNN/MSNBC talking point.

Re: WTI Crude Oil [Re: Razorback] #15036071 04/04/24 02:05 AM
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Originally Posted by Razorback
Originally Posted by Allison1
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.




The SPR isn't there for Presidents to sell it for profit. It's there for emergencies, to be used in case of a disruption in supply. Democrats possibly losing an election because their own policies caused fuel prices to go sky high isn't an emergency for anyone other than them.

But thanks for the regurgitated CNN/MSNBC talking point.


Biden considered it an emergency when oil prices hovered around $100 a barrel.....due to a disruption in supply due to the Russian invasion of Ukraine. Funny that you think Putin invading Ukraine was a Democratic thing.

Again, since 2015, Congress has voted to sell off oil reserves under a plan to reduce the SPR numberous times, I think 8. Here is the one that started just Monday.
https://www.energy.gov/ceser/articl...ndated-sale-purchase-crude-oil-strategic
Quote
Notice of Sale to meet its obligation to Congress to sell 26 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) in Fiscal Year 2023. This sale will fulfill the congressional mandate set forth in section 403 of the Bipartisan Budget Act of 2015 and section 32204 of the Fixing America’s Surface Transportation Act. The deliveries will take place from April 1 through June 30.

In accordance with the laws, DOE will release up to 26 million barrels of sweet crude oil from two SPR storage sites, with deliveries beginning as early as April 1, 2023. DOE must receive bids for this notice no later than 10:00 a.m. Central Time on February 28, 2023. Contracts will be awarded to successful offerors no later than March 8, 2023. 


Originally Posted by Jons3825
I am wrong but you can not prove it, you just believe it enough from the bottom of your heart.....

.......Every post you make I'll be trolling you.
Re: WTI Crude Oil [Re: Bandit 200 XP] #15036083 04/04/24 02:19 AM
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^^^Yall argue over the dumbest sh.t. roflmao

Re: WTI Crude Oil [Re: Bandit 200 XP] #15036084 04/04/24 02:20 AM
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Was it an emergency when Biden told oil companies, including American companies, that he was going to take away their ability to drill? How about when he suspended drilling leases?

He did everything he could to chill production and push fuel prices higher, all designed to push EVs upon people, then realized his idiotic and destructive policies may be about to lose an election. That's when he decided to screw with national security to try to temporarily lower prices, at least until the election.

Re: WTI Crude Oil [Re: Razorback] #15036095 04/04/24 02:29 AM
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Originally Posted by Razorback
Was it an emergency when Biden told oil companies, including American companies, that he was going to take away their ability to drill? How about when he suspended drilling leases?

He did everything he could to chill production and push fuel prices higher, all designed to push EVs upon people, then realized his idiotic and destructive policies may be about to lose an election. That's when he decided to screw with national security to try to temporarily lower prices, at least until the election.

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