1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

oil just crashed

Discussion in 'Members' Lounge' started by Briansol, Sep 17, 2012.

  1. Briansol

    Briansol Admins Admin VIP

    Messages:
    21,455
    Likes Received:
    2,117
    Joined:
    Nov 18, 2007
    Location:
    CT
  2. 92stoccord

    92stoccord Big Member VIP

    Messages:
    4,595
    Likes Received:
    234
    Joined:
    Sep 21, 2008
    Location:
    Salem, Ohio
    Vtec-e kicked in y00000!
     
  3. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,057
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
  4. lswhitecivic

    lswhitecivic Senior Member

    Messages:
    774
    Likes Received:
    37
    Joined:
    Aug 4, 2003
    Location:
    DFW, TX
  5. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

    Messages:
    30,036
    Likes Received:
    3,970
    Joined:
    Sep 28, 2002
    Location:
    CT
  6. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,057
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    i wonder which investment firm is going to need an influx of cash now
    wasnt the knight capital debacle just last month?
     
  7. awptickes

    awptickes unimpressed by you VIP

    Messages:
    9,278
    Likes Received:
    498
    Joined:
    Aug 29, 2007
    Location:
    MD
  8. SlushboxTeggy

    SlushboxTeggy It's only stupid if it doesn't work VIP

    Messages:
    9,392
    Likes Received:
    245
    Joined:
    Sep 14, 2004
    Location:
    New Jersey
    I saw this, but what does it do to me at $3.75+ a gallon?
     
  9. awptickes

    awptickes unimpressed by you VIP

    Messages:
    9,278
    Likes Received:
    498
    Joined:
    Aug 29, 2007
    Location:
    MD
    ^^ the problem with America.

    It means the oil markets are stabilizing. The only reason crude was so expensive recently was because there was uncertainty about supply.
     
  10. INJEN78

    INJEN78 HS LEGEND

    Messages:
    9,187
    Likes Received:
    121
    Joined:
    Oct 1, 2007
    Location:
    OHIO
    so does this mean fuel prices will go down? or will they skyrocket even more?
     
  11. Briansol

    Briansol Admins Admin VIP

    Messages:
    21,455
    Likes Received:
    2,117
    Joined:
    Nov 18, 2007
    Location:
    CT
    Remeber that oil trades as a future. This is april 2013 crude delivery bids.
     
  12. SlushboxTeggy

    SlushboxTeggy It's only stupid if it doesn't work VIP

    Messages:
    9,392
    Likes Received:
    245
    Joined:
    Sep 14, 2004
    Location:
    New Jersey
    So what happened way back when, that I'm feeling it now?
     
  13. SlushboxTeggy

    SlushboxTeggy It's only stupid if it doesn't work VIP

    Messages:
    9,392
    Likes Received:
    245
    Joined:
    Sep 14, 2004
    Location:
    New Jersey
    I was speaking as a voice of the end user. I hope you didn't think I meant just "me and only me, because I'm the only dick hole that matters".

    Frankly, I think the whole future market is a crock of shit. Why are certain products exempt from the, "this is the price because this is what it cost to produce it today" clause?
     
  14. awptickes

    awptickes unimpressed by you VIP

    Messages:
    9,278
    Likes Received:
    498
    Joined:
    Aug 29, 2007
    Location:
    MD
    December 14, $88/bbl.

    And there you have it ladies and gentlemen. We just broke the barrier. Looks like June 14 is going that way too.
     
  15. Briansol

    Briansol Admins Admin VIP

    Messages:
    21,455
    Likes Received:
    2,117
    Joined:
    Nov 18, 2007
    Location:
    CT
    Most natural resources trade on a future basis... oil, corn, soybeans, you name it.

    You usually see the price spike immediately (ie, hurricane) but don't see a price decrease for a while at the pump.

    it's all a fucking scam and we have no choice but to play into it--- or walk.
     
  16. BigJ

    BigJ I'm just about that action Boss. VIP

    Messages:
    11,091
    Likes Received:
    408
    Joined:
    Oct 4, 2002
    Location:
    Washington
    Or ride the godforsaken mass transit.
     
Verification:
Draft saved Draft deleted

Share This Page