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Oil Slick Stuff
- Thread starter nnuut
- Start date
rangerray
Active member
North Mississippi prices are about like yours. And, my state is looking to increase the gas tax this year.
Sent from my iPhone using TSP Talk Forums
Sent from my iPhone using TSP Talk Forums
nnuut
Moderator | TSP Legend
AAA on pipeline attack: gas price hikes, fuel shortages possible for these states
AAA warns gas prices could increase by 3 to 7 cents this week in response to the disruption
The national average for gas prices jumped 6 cents on the week to $2.96 and is poised to rise even higher in some areas due to Friday's cyberattack against Colonial Pipeline Co., according to the American Automobile Association.
COLONIAL PIPELINE ATTACK: CLOCK TICKS FOR GAS SUPPLY
Colonial Pipeline operates a 5,500-mile system taking fuel from the refineries of the Gulf Coast to the New York metro area. [MORE]
https://www.foxbusiness.com/markets...experience-gas-price-increases-fuel-shortages
PessOptimist
Well-known member
Been over $3 per for weeks here in LA East
nnuut
Moderator | TSP Legend
Range bound oil futures are down slightly today. Prices are still near all time highs while still waiting for the post pandemic demand hike.
“The oil market has been in a tug of war over Western reopening optimism and rising COVID cases in Asia. With prices trading at almost two-year highs, it would appear the glass is half full in the oil markets right now,”
Oil retreats, with U.S. prices down from their highest finish in over 2 years
“The oil market has been in a tug of war over Western reopening optimism and rising COVID cases in Asia. With prices trading at almost two-year highs, it would appear the glass is half full in the oil markets right now,”
Oil retreats, with U.S. prices down from their highest finish in over 2 years
U.S. crude oil prices top $75 a barrel, the highest since 2018 
https://www.cnbc.com/2021/07/01/us-crude-oil-prices-top-75-a-barrel-the-highest-since-2018.html
https://www.cnbc.com/2021/07/01/us-crude-oil-prices-top-75-a-barrel-the-highest-since-2018.html
nnuut
Moderator | TSP Legend
U.S. crude oil prices top $75 a barrel, the highest since 2018
https://www.cnbc.com/2021/07/01/us-crude-oil-prices-top-75-a-barrel-the-highest-since-2018.html
Crude UP, EVERYTHING UP!!!
NOT a good thing!
PessOptimist
Well-known member
$3.09 most places in LA East.
James48843
Well-known member
US oil production is still more than 10% below production prior to the pandemic. It should just be a short time before more production comes back on line- and $78 oil is good for those holding shares of oil companies.
Here are the weekly production figures:
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W
Here are the weekly production figures:
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W
Oil has only done this twice in the past 20 years — and it could forecast a 50% rally
by Lizzy Gurdus
Oil has only done this twice in the past 20 years — and it could forecast a 50% rally (msn.com)
[FONT="]Oil prices could be setting up for a major rally, one strategist says.[/FONT]
nnuut
Moderator | TSP Legend
Oil has only done this twice in the past 20 years — and it could forecast a 50% rally
by Lizzy Gurdus
Oil has only done this twice in the past 20 years — and it could forecast a 50% rally (msn.com)
Oil prices could be setting up for a major rally, one strategist says.
NOT GOOD!!! Every things Price will follow. Who is responsible for this?
Bullitt
Well-known member
For one, villainizing US fracking can be blamed. For a while there, we WERE the swing state producer, but once again OPEC has the ball.
Second, the thought that electricity is clean takes a large blame. Most just think electricity comes from the ground and as long as there's nothing coming out of the car's tailpipe, it's clean. Try using water, there isn't enough. Try using coal, it's too dirty and pollutes (and contributes to the global warming story). Try using natural gas and the methane is blamed for creating a hole in the ozone. Try using nuclear and oh my god, who wants that in their backyard. Try using solar panels and people wonder why they can't run their air conditioner when it's 90 degrees outside.
If people want electricity they're going to need coal. If they want transportation, they're going to need oil.
Second, the thought that electricity is clean takes a large blame. Most just think electricity comes from the ground and as long as there's nothing coming out of the car's tailpipe, it's clean. Try using water, there isn't enough. Try using coal, it's too dirty and pollutes (and contributes to the global warming story). Try using natural gas and the methane is blamed for creating a hole in the ozone. Try using nuclear and oh my god, who wants that in their backyard. Try using solar panels and people wonder why they can't run their air conditioner when it's 90 degrees outside.
If people want electricity they're going to need coal. If they want transportation, they're going to need oil.