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Oil prices fall toward $45 a barrel, dropping to a five-month low

Discussion in 'Latest US & World News' started by litwin, May 5, 2017.

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  1. litwin

    litwin Well-Known Member

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    its a myth

    [​IMG]
     
    litwin, May 5, 2017
    #26
  2. yiostheoy

    yiostheoy Well-Known Member

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    Most people don't realize that electricity comes from fossil fuels too.
     
    yiostheoy, May 5, 2017
    #27
  3. litwin

    litwin Well-Known Member

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    really? [​IMG]
    [​IMG]
     
    litwin, May 5, 2017
    #28
  4. squidward

    squidward Well-Known Member

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    Too bad so sad. Someone will buy their assets for pennies on the dollar and produce oil at much lower cost. A win for consumers and capitalism
     
    squidward, May 5, 2017
    #29
  5. yiostheoy

    yiostheoy Well-Known Member

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    I would never sh!t you since you are one of my favorite turds.

    Google your state's supply of electricity and find out for yourself.
     
    yiostheoy, May 5, 2017
    #30
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  6. Plus Ultra

    Plus Ultra Well-Known Member

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    How's that shale oil rig count?
    I guess the OPEC's plan isn't working.
     
    Last edited: May 5, 2017
    Plus Ultra, May 5, 2017
    #31
  7. AGWisFAKEsillyBABYKILLERS

    AGWisFAKEsillyBABYKILLERS Well-Known Member

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    It will be going up soon..
     
    AGWisFAKEsillyBABYKILLERS, May 5, 2017
    #32
  8. litwin

    litwin Well-Known Member

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    no, it will never work, the developed world has passed its oil dependence , and Venezuela is just first down, Nigeria, Algeria, Muscovy, KSA are all go the same way
    [​IMG]
     
    litwin, May 5, 2017
    #33
  9. Oh Yeah

    Oh Yeah Well-Known Member Past Donor

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    Buy at $42.
     
    Oh Yeah, May 5, 2017
    #34
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  10. litwin

    litwin Well-Known Member

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    sorry, but you are only in my B- turd league. N, zhanna , VIS are occupying the first one

    ps
    yes, Google will supply all of us with electricity
     
    Last edited: May 5, 2017
    litwin, May 5, 2017
    #35
  11. sharik

    sharik Banned

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    yeah, and with space industry among many other things nigeria-sans-snow has not.
     
    sharik, May 5, 2017
    #36
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  12. litwin

    litwin Well-Known Member

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    LOL))) really?

    Russian rocket builder may have replaced special alloys with cheap ...
    arstechnica.com/.../russia-recalling-dozens-of-rocket-engines-sacks-head-motor-build...
    Jan 26, 2017 - In recent years, the Russian space program has had a series of problems with its flagship rockets, the heavy-lift Proton booster and the smaller ...

    Russia space rocket programme halted after workers replace vital ...
    www.mirror.co.uk › News › World news › Space
    Feb 1, 2017 - Video thumbnail, On the launch pad with Russia Soyuz rocket as it spectacularly takes off ... space rocket programme after workers were found to be STEALING ... replacing alloys made from precious metals with less heat-resistant ones. ... It's emerged now that all Proton-M rockets have had to be grounded ...

    Persistent defects ground Russian rocket engines | Russia Beyond ...
    rbth.com/science_and.../persistent-defects-ground-russian-rocket-engines_689986
    Jan 27, 2017 - Persistent defects ground Russian rocket engines ... Roscosmos State Corporation has pulled all Proton-M vehicles from the ... Investigators learned that the manufacturer used materials that lacked the proper precious metals, ...

    LOL, and we talk about SOVOK´S TECHNOLOGIES FROM 60TH , SUCH bamboo gas- station "
    "Russian" rocket builder may have replaced special alloys with cheap metals"
     
    litwin, May 5, 2017
    #37
  13. litwin

    litwin Well-Known Member

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    how do you know?)
     
    litwin, May 5, 2017
    #38
  14. Plus Ultra

    Plus Ultra Well-Known Member

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    With oil at $45 and rig count rising, I guess it's profitable this low. Last year I was reading shale oil was not profitable under $50/barrel. If they keep improving performance those petrostates are going to be miserable.
     
    Plus Ultra, May 5, 2017
    #39
  15. litwin

    litwin Well-Known Member

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    which year?
     
    litwin, May 5, 2017
    #40
  16. Plus Ultra

    Plus Ultra Well-Known Member

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    (Last yeat would be 2016)
     
    Plus Ultra, May 5, 2017
    #41
  17. Oh Yeah

    Oh Yeah Well-Known Member Past Donor

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    It's my re-entry point. Buy a little there and every $5 down add some more. If it goes back to just $50 you've made a nice profit.
     
    Oh Yeah, May 5, 2017
    #42
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  18. litwin

    litwin Well-Known Member

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    all experts say, it will stay around 30-40$
     
    litwin, May 5, 2017
    #43
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  19. yiostheoy

    yiostheoy Well-Known Member

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    That's funny.

    Anyway did you google it?

    10% or less is the solar source.
     
    yiostheoy, May 5, 2017
    #44
  20. yiostheoy

    yiostheoy Well-Known Member

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    Naturally like everything else it is a function of supply and demand limited by cost.
     
    yiostheoy, May 5, 2017
    #45
  21. yiostheoy

    yiostheoy Well-Known Member

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    You cannot feasibly say "all experts say" without quoting ALL experts.

    You can say "some experts say" and then quote some experts with links.

    But in your case there was no link ergo the obvious conclusion is NO experts say and you were just pulling this out of your wazoo.

    N'est pas?
     
    yiostheoy, May 5, 2017
    #46
  22. yiostheoy

    yiostheoy Well-Known Member

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    Exactly -- cost is always the limiting factor on supply and demand.

    Then as demand raises the price the cost becomes more tenable.

    Then the supply goes up and the competitors cut the price.

    Then the price goes back down and the cost becomes relevant again.
     
    yiostheoy, May 5, 2017
    #47
  23. yiostheoy

    yiostheoy Well-Known Member

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    How does anyone know anything?

    Usually they are just guessing.
     
    yiostheoy, May 5, 2017
    #48
  24. squidward

    squidward Well-Known Member

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    Because converting hydrocarbons into electricity to be converted into mechanical energy is less efficient than converting hydrocarbons into mechanical energy.
     
    squidward, May 5, 2017
    #49
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  25. litwin

    litwin Well-Known Member

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    experts , numbers, bears and bulls, etc
     
    litwin, May 5, 2017
    #50
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