Oily Oilmen awash in oil!
Lunatic Goofballs
04-03-2009, 05:00
http://news.yahoo.com/s/ap/20090303/ap_on_bi_ge/awash_in_oil
I emitted wicked little chortles when I read this. Did you?
:)
Trans Fatty Acids
04-03-2009, 05:06
Whole bunch of people suddenly realizing that they're wearing the Greater Fool hat.
What's that flavor? Mmmm....Schadenfreude!
The Black Forrest
04-03-2009, 05:08
Hmmm?
I sense a few golden parachutes opening for 300-500 million......
Cosmopoles
04-03-2009, 05:09
My dad works on a mobile drilling platform in the Gulf of Thailand. The rig is laid up in a port around there and apparently the place is crawling with tankers and cargo ships that don't have anywhere to go anymore. Less than a year ago those same ships couldn't get unloaded fast enough in Chinese ports.
Barringtonia
04-03-2009, 05:14
I'd like a supertanker if they're going cheap loaded with oil, I don't know what i'd do with it but it takes having one to see the potential.
*browses Craigslist supertanker section*
Blouman Empire
04-03-2009, 05:15
To put it bluntly, no.
greed and death
04-03-2009, 05:15
Hmmm?
I sense a few golden parachutes opening for 300-500 million......
yes because it is an oil CEO's fault the price of oil bottomed out.
South Lorenya
04-03-2009, 07:13
With luck, the oil prices will continue to fall. Hello <$2 gasoline!
Indecline
04-03-2009, 07:21
And yet, I have my doubts.. rising oil prices are enough to jack the cost of gas, but plummeting prices, well thats a different story altogether.
Rhalellan
04-03-2009, 07:21
I got gas tonight $1.57/gal. made me happy
Gauthier
04-03-2009, 07:23
Let's not get cocky. All it takes is the oil producing nations severely cutting back on extraction and the price will begin to skyrocket like accusations of Obama Administration failures.
greed and death
04-03-2009, 07:23
With luck, the oil prices will continue to fall. Hello <$2 gasoline!
we have been less then 2 a gallon for awhile here in Texas. another price dip and I say it will be less then 1.50 a gallon again.
greed and death
04-03-2009, 07:24
Let's not get cocky. All it takes is the oil producing nations severely cutting back on extraction and the price will begin to skyrocket like accusations of Obama Administration failures.
the problem with that is if they cut back on production the out of work workers might try to over throw the regimes. that's why they tend to store oil rather then not produce at all.
The Black Forrest
04-03-2009, 07:29
yes because it is an oil CEO's fault the price of oil bottomed out.
They take credit when times are good. They deserve the blame when times are bad.
Wilgrove
04-03-2009, 07:58
Eh I wouldn't be gloating. If we can't even move oil (a product that has always been in high demand, even when we cut back), then our economic woes may be deeper than we thought.
South Lorenya
04-03-2009, 08:11
we have been less then 2 a gallon for awhile here in Texas. another price dip and I say it will be less then 1.50 a gallon again.
Unfortunately, Long Island seems to have the highest prices in the nation -- right now it's still over $2.00. :(
And the europeans could use a price cut too.
greed and death
04-03-2009, 08:15
Unfortunately, Long Island seems to have the highest prices in the nation -- right now it's still over $2.00. :(
And the europeans could use a price cut too.
that's largely because of two factors.
1. Taxes. New york city Taxes the hell out of oil. only place i have seen a thriving black market in oil in the states. when i drove there I never filled up at a station my local friend just called his friends with a small tanker to come sell me oil on the cheap.
2. in the case of the Europeans the euro has lost some ground to the dollar. not much but enough to affect the price in euros.
Boonytopia
04-03-2009, 10:47
It'll go back up again.
Ashmoria
04-03-2009, 14:33
no
it just makes me wonder why the price of gas has been creeping up.
greed and death
04-03-2009, 14:53
no
it just makes me wonder why the price of gas has been creeping up.
this is the time of year they do maintenance on the refineries so they operate at slightly lower capacity which raises the gasoline/crude ratio.
Ashmoria
04-03-2009, 14:56
this is the time of year they do maintenance on the refineries so they operate at slightly lower capacity which raises the gasoline/crude ratio.
ahhhhh
the old maintenence excuse.
oh well, last time it made me pay $3.50/gallon. this is much better.
greed and death
04-03-2009, 14:59
ahhhhh
the old maintenence excuse.
oh well, last time it made me pay $3.50/gallon. this is much better.
they try to finish before spring break season. It is the low in travel times.
Intestinal fluids
04-03-2009, 15:13
Now is the time to buy Exxon stock.
greed and death
04-03-2009, 16:39
Now is the time to buy Exxon stock.
depends seems obama wants to go after big oil.
Chumblywumbly
04-03-2009, 16:51
I'm sure OPEC will find a way...
H N Fiddlebottoms VIII
04-03-2009, 17:10
I'd like a supertanker if they're going cheap loaded with oil, I don't know what i'd do with it but it takes having one to see the potential.
*browses Craigslist supertanker section*
I wonder what sort of boom a supertanker filled with oil makes?
Probably a rather unimpressive one, more like a fart followed by slow burning fire and deadly fumes, but it would still be fun to find out.