WOW oil is going to be cheaper than water crazy crazy times upon us!!!!

[ChargerChallenger]

The world OIL Markets are collapsing as I write this posting which is really bad for so many oil and energy companies in this country. And of course huge SAVINGS for the consumers and commercial users. But this is definitely a huge RED FLAG that could be just the beginning in the Financial crisis ahead. We could truly be seeing gas staton prices below a $1 a gallon WOW. And I can so remember before the 2008-2009 crisis back in 2007 so called energy experts predicted the barrels of oil would surpass $200 a barrel and would Never Ever come below that again. Oh the so Called Experts of the future uh huh yeah right this is really interesting times for all of us here. The Green Agenda and Electric Car Agenda has to be thinking damn this just can't be how do we reverse this.....etc. Now the consumer will be paying basically $10-$20 bucks to fill up and hell thats cheaper than eating out at breakfast, lunch, dinner and or buying beer and smokes. The change of times are here and who could have seen this 2-3 months ago......

 

[jroyk]

Oil is minus $37 a barrel. This is a bad thing.

 

[Hunter]

Oil is minus $37 a barrel. This is a bad thing.

Puts an awful lot of people out of work.

 

[1971demon]

Puts an awful lot of people out of work.

And creates an awful lotta nervous people...and you know what happens when the Saudi's get nervous....this really isn't good for anybody...

 

[1971demon]

Puts an awful lot of people out of work.

One group of people I would really like to see outta work...all them geeks that make electric cars....

 

[B5Cat16]

Back in 2008 when a barrel of oil was $151 and gas was $4.25 a gallon, people were complaining and rightfully so. They interviewed the President of Shell Oil. He said "if you don't like the price gasoline, don't buy it". PRICK!!! Needless to say I've never stepped foot in a Shell Gas station again. Anyway, I'm not feeling sorry for the oil companies right now. They made their money BIGTIME. So suffer big oil the way we did. What comes around, goes around. Pay back the MF.

 

[Hunter]

Back in 2008 when a barrel of oil was $151 and gas was $4.25 a gallon, people were complaining and rightfully so. They interviewed the President of Shell Oil. He said "if you don't like the price gasoline, don't buy it". PRICK!!! Needless to say I've never stepped foot in a Shell Gas station again. Anyway, I'm not feeling sorry for the oil companies right now. They made their money BIGTIME. So suffer big oil the way we did. What comes around, goes around. Pay back the MF.

Yea, kinda agree, except that an awful lot of people (just like you and I) will suffer. The big dogs will still get their million dollar bonuses (in stock and cash), while the blue / white collar employee that lives check to check will be laid off.

 

[1971demon]

Yea, kinda agree, except that an awful lot of people (just like you and I) will suffer. The big dogs will still get their million dollar bonuses (in stock and cash), while the blue / white collar employee that lives check to check will be laid off.

There is no blueprint as to how this is all gonna shake out...and quite frankly government bailouts for private industry scares the hell outta me...more government controls...more government intervention into the private sector...ladies and gentleman...that's not Capitalism....that's Socialism ...a concept that I believe most of us on here...want no part of...but without the bailouts..the vast majority of the private sector fails....a real catch 22...This is way way above my pay grade....the only shot we got..is that guy in the White House...GOD HELP HIM

 

[jroyk]

If this lasts, our smaller companies and frackers will close up shop and the U.S will going back to foreign oil dependence.

 

[ChargerChallenger]

The Dumb As politicians continue to amaze me. Just read this article and the GOV lives off oil taxes which just blows me away how INEPT these politico people are. Its the classic the blind lead the blind but in this case the Dumb lead the Dumber surprised she didn’t play in the movie.
https://hotair.com/archives/john-s-2/2020/04/20/aoc-collapse-oil-prices-great-news/

 

[Jack_Toepfer]

Won’t it bounce back in like 2 months? Once the country opens up people will be driving everywhere.

 

[jroyk]

Won’t it bounce back in like 2 months? Once the country opens up people will be driving everywhere.

It should. Driving around town today, traffic was almost normal and I’m in Governor Forehead’s state.

 

[Jack_Toepfer]

It’s short-term pain. A lot of pain, for sure, but it will blow over. Either because the virus works it’s way to the door, or we just rebel and take matters into our own hands.

 

[DGatzby]

Wow, never just went down and agreed with nearly everyone, saves typing!

 

[EricG]

There is no blueprint as to how this is all gonna shake out...and quite frankly government bailouts for private industry scares the hell outta me...more government controls...more government intervention into the private sector...ladies and gentleman...that's not Capitalism....that's Socialism ...a concept that I believe most of us on here...want no part of...but without the bailouts..the vast majority of the private sector fails....a real catch 22...This is way way above my pay grade....the only shot we got..is that guy in the White House...GOD HELP HIM

Kind of ironic that Trump will go down as the great socialist...lol Wasn't the great bailout of 2008 around 800 billion? This first 2 trillion was a drop in the bucket and they sound like they want to do more. Wasn't the Federal debt somewhere in the 14 trillion range when Obama got out, now it's 20 trillion, not including the 2 we just added???

There was a lot of talk about how wrong it was to bailout the auto industry back in 2008, now we're bailing out the airlines for sure...who is next? Where are all the tea partiers??? Are they ok with this? Kind of interesting how quiet they are right now and have been for the past couple years...

 

[jroyk]

Kind of ironic that Trump will go down as the great socialist...lol Wasn't the great bailout of 2008 around 800 billion? This first 2 trillion was a drop in the bucket and they sound like they want to do more. Wasn't the Federal debt somewhere in the 14 trillion range when Obama got out, now it's 20 trillion, not including the 2 we just added???

There was a lot of talk about how wrong it was to bailout the auto industry back in 2008, now we're bailing out the airlines for sure...who is next? Where are all the tea partiers??? Are they ok with this? Kind of interesting how quiet they are right now and have been for the past couple years...

It's a whole lot different when the government forces the closure of business. Apples to oranges analogy.

 

[tkracing1]

Yes it is historically low... won't stay that way forever.

One group of people I would really like to see outta work...all them geeks that make electric cars....

Don't worry Tesla is going to get hit hard... my prediction is $70 stock price when this is all over.

 

[tkracing1]

Kind of ironic that Trump will go down as the great socialist...lol Wasn't the great bailout of 2008 around 800 billion? This first 2 trillion was a drop in the bucket and they sound like they want to do more. Wasn't the Federal debt somewhere in the 14 trillion range when Obama got out, now it's 20 trillion, not including the 2 we just added???

There was a lot of talk about how wrong it was to bailout the auto industry back in 2008, now we're bailing out the airlines for sure...who is next? Where are all the tea partiers??? Are they ok with this? Kind of interesting how quiet they are right now and have been for the past couple years...

You are comparing the 2008 recession to the 2020 Pandemic?

 

[EricG]

Well yes in that complete reliance on government spending is now the only thing that seems to get us out of a crisis. Doesn't true capitalism force these businesses to re-form?

And if the economy was as good as everyone says it was before the crisis, then how could 6 weeks of a down turn crush it completely?

 

[jroyk]

Well yes in that complete reliance on government spending is now the only thing that seems to get us out of a crisis. Doesn't true capitalism force these businesses to re-form?

And if the economy was as good as everyone says it was before the crisis, then how could 6 weeks of a down turn crush it completely?