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Re: WTI Crude Oil
[Re: Bandit 200 XP]
#15035478
04/03/24 03:56 PM
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Joined: Feb 2003
Posts: 740
Harleydude
Pro Angler
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Pro Angler
Joined: Feb 2003
Posts: 740 |
It certainly looks like $85 a barrel traffic out this way. I’ll certainly take the 85 while it lasts.
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Re: WTI Crude Oil
[Re: Bandit 200 XP]
#15035799
04/03/24 09:55 PM
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Joined: Apr 2009
Posts: 30,118
Moto-Moto
TFF Guru
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TFF Guru
Joined: Apr 2009
Posts: 30,118 |
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.
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Re: WTI Crude Oil
[Re: Allison1]
#15035833
04/03/24 10:30 PM
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Joined: May 2007
Posts: 42,913
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 42,913 |
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
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Re: WTI Crude Oil
[Re: GTrigg]
#15035917
04/03/24 11:55 PM
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Joined: Aug 2009
Posts: 11,422
9094
TFF Guru
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TFF Guru
Joined: Aug 2009
Posts: 11,422 |
[quote=CCTX]So what is the consensus magic number that makes everybody happy? I have yet to see anyone on TFF happy about anything... [/quote I’m happy!
Retirement best job ever.
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Re: WTI Crude Oil
[Re: steveiam]
#15035929
04/04/24 12:10 AM
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Joined: Mar 2004
Posts: 1,819
HookaToad
Extreme Angler
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Extreme Angler
Joined: Mar 2004
Posts: 1,819 |
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”
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Re: WTI Crude Oil
[Re: Moto-Moto]
#15035946
04/04/24 12:22 AM
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Joined: Jun 2011
Posts: 16,644
921 Phoenix
TFF Guru
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TFF Guru
Joined: Jun 2011
Posts: 16,644 |
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.
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Re: WTI Crude Oil
[Re: Allison1]
#15035949
04/04/24 12:25 AM
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Joined: Jun 2011
Posts: 16,644
921 Phoenix
TFF Guru
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TFF Guru
Joined: Jun 2011
Posts: 16,644 |
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.
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Re: WTI Crude Oil
[Re: Bandit 200 XP]
#15035954
04/04/24 12:28 AM
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Joined: Apr 2008
Posts: 43,186
CCTX
mapquest
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mapquest
Joined: Apr 2008
Posts: 43,186 |
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Re: WTI Crude Oil
[Re: 9094]
#15035980
04/04/24 12:43 AM
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Joined: Dec 2003
Posts: 39,648
Allison1
TFF Guru
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TFF Guru
Joined: Dec 2003
Posts: 39,648 |
So what is the consensus magic number that makes everybody happy? I have yet to see anyone on TFF happy about anything... I’m happy! We saw -37 oil and oil over 100. There were people unhappy both times. I would be happy with $75 oil.
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.
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Re: WTI Crude Oil
[Re: Bandit 200 XP]
#15036036
04/04/24 01:38 AM
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Joined: Apr 2004
Posts: 14,571
Stump jumper
TFF Guru
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TFF Guru
Joined: Apr 2004
Posts: 14,571 |
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
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Re: WTI Crude Oil
[Re: Allison1]
#15036038
04/04/24 01:41 AM
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Joined: Aug 2001
Posts: 13,327
Razorback
TFF Guru
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TFF Guru
Joined: Aug 2001
Posts: 13,327 |
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.
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Re: WTI Crude Oil
[Re: Razorback]
#15036071
04/04/24 02:05 AM
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Joined: Dec 2003
Posts: 39,648
Allison1
TFF Guru
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TFF Guru
Joined: Dec 2003
Posts: 39,648 |
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 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.
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.
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Re: WTI Crude Oil
[Re: Bandit 200 XP]
#15036083
04/04/24 02:19 AM
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Joined: Apr 2009
Posts: 30,118
Moto-Moto
TFF Guru
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TFF Guru
Joined: Apr 2009
Posts: 30,118 |
^^^Yall argue over the dumbest sh.t.
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Re: WTI Crude Oil
[Re: Bandit 200 XP]
#15036084
04/04/24 02:20 AM
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Joined: Aug 2001
Posts: 13,327
Razorback
TFF Guru
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TFF Guru
Joined: Aug 2001
Posts: 13,327 |
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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Re: WTI Crude Oil
[Re: Razorback]
#15036095
04/04/24 02:29 AM
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Joined: Aug 2004
Posts: 5,092
Duke 22
TFF Celebrity
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TFF Celebrity
Joined: Aug 2004
Posts: 5,092 |
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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