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Ticking down to $1.88 at the circle K. Costco is down to $1.83.
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"I'm anti, can't no government handle a commando / Your man don't want it, Trump's a bitch! I'll make his whole brand go under," -
Oil is down ~1.70 pbbl (Brent and WTI) this morning. Interesting take from Saudi prince and billionaire:
http://www.usatoday.com/story/money/...rrel/21484911/
I'm probably being hasty, but I'm polishing my resume and linkedin profile today. There is only one lawyer at my company who has less experience than me, and she is very well connected.Jesus wants me for a sunbeam.
"Cog dis is a bitch." -James PattersonComment
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Originally posted by Green Monstah View PostIt is that SoB Bush's fault!Q: What is moving prices? Is this a supply or a demand story? Some say there's too much oil in the world, and that is pressuring prices. But others say the global economy is slow, so it's weak demand.
A: It is both. We have an oversupply. Iraq right now is producing very much. Even in Libya, where they have civil war, they are still producing. The U.S. is now producing shale oil and gas. So, there's oversupply in the market. But also demand is weak. We all know Japan is hovering around 0% growth. China said that they'll grow 6% or 7%. India's growth has been cut in half. Germany acknowledged just two months ago they will cut the growth potential from 2% to 1%. There's less demand, and there's oversupply. And both are recipes for a crash in oil. And that's what happened. It's a no-brainer."If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
"Yet I still see wisdom in that which Uncle Ted posts." -creek.
GIVE 'EM HELL, BRIGHAM!Comment
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Isn't it in his best interest to say it will stay low so that the shale and oil sands operations pack up shop? Like anyone else, he has no way of knowing future prices.Originally posted by Green Monstah View Post
That being said, all my brothers are in oil or related fields and are feeling it. Best of luck to you GM and anyone else in the field.Comment
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You guys have been hit harder than us, especially looking at the 1-5 year returns. Our legal guy in Houston is relocating so maybe it's time for you to come back home to HoustonOriginally posted by Green Monstah View Post
"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. UchtdorfComment
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The low oil prices is starting to hit close to home...
http://www.usatoday.com/story/money/...rger/21826189/Crude oil's collapse will cost 9,000 jobs at Schlumberger
Oilfield services giant Schlumberger plans to cut 9,000 jobs as the global collapse in crude oil prices crimps production in 2015 and perhaps even longer.
The cuts — nearly 8% of Schlumberger's 120,000 workers, were announced Thursday "to better align with anticipated activity levels for 2015,'' the company said.
With production surging and waning growth, the world is awash with oil. That's led to a collapse in prices that's taken benchmark crude price down more than 50% since last June. Thursday, West Texas Intermediate fell 4.6% to $46.22 a barrel, while Brent crude slipped 2% to $47.67. Yet many forecasters say crude isn't close to bottoming.
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The ride might get a little bumpy for our friends around here."If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
"Yet I still see wisdom in that which Uncle Ted posts." -creek.
GIVE 'EM HELL, BRIGHAM!Comment
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Filled up yesterday for $1.75 at the Circle K.
"I'm anti, can't no government handle a commando / Your man don't want it, Trump's a bitch! I'll make his whole brand go under,"Comment
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no clue. apple pay at the pump, fill up, and on my way. caring about the price of gas is very gauche.Te Occidere Possunt Sed Te Edere Non Possunt Nefas Est.Comment
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to be fair, caring ≠ noticing.Originally posted by old_gregg View PostI'm like LeBron James.
-mpfunkComment
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$1.72 at Costco three days ago."There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creeksterComment
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Mrs SMR said $1.63 today at Costco. At a Holiday station near my house it was $1.78, so the gap is closing a bit.Originally posted by Jeff Lebowski View PostI'm like LeBron James.
-mpfunkComment
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$2.41 in upper Manhattan.Comment
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0.0 secondsOriginally posted by thesaint258 View Post"There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creeksterComment
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Wow. Every time I drive by the one closest to me it looks like people are afraid rationing will start any day.Originally posted by Jeff Lebowski View PostNot that, sickos.Comment
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