Didn't OPEC flood the market to do this?
ISWYDT
Didn't OPEC flood the market to do this?
Futures are NEGATIVE.
U.S. crude oil futures for May plummet to minus $37 — lowest price in history
https://www.nbcnews.com/business/mar...1980s-n1187716
Called it.
that would be some very welcomed news!
I wonder what this will do to our natural gas supply with wells shutting in...with 50% of shale wells producing both oil and natural gas, shutting them down could potentially create a gas shortage and an oil glut at the same time.
Imagine rolling power blackouts this summer sheltering with no AC on 100 degree days
geez, why'd you have to say that.
planted in my head now
Don't you live in LA? I remember when people thought it was ridiculously hot when it would hit 85.
Never had AC when I lived in LA since summer days were typically 75-78 degrees.
my first time out in LA was back when i was 25. the first day there my buddy and i were walking around and enjoying the 75-78 degree weather while the locals there cried about how hot it was. just for comparison, it was like 110 in satx before we got to LA.
yeah, but we're not there right now. man, i couldn't sleep in that heat.
Gas cheaper than Obama...
Trump
But then if this happened while a Democrat president was in charge, it's a political conspiracy between Russia and Saudi Arabia to re-elect him and the mass media is hiding it because reasons...
Y'all are stupid if you dont realize how much damage this will do to the Texas economy. It's not a republican or democrat thing.
What a ing disaster.
I look forward to removing gasoline from the pump tomorrow and getting paid for it.
Like Bobby Knight said, if rape is inevitable, might as well sit back and enjoy it.
should be stockpiling them for reserves....
It exacerbated the situation to some degree but I'd say that 90% of this is COVID related and the lack of demand.
I still can't believe that comment.
Or the gem from Clayton Williams..."Rape is kinda like the weather. If it's inevitable, relax and enjoy it". WTF.
Remember when peak oil was a thing?
You don't think that's a real concept?
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