Oil Crisis Getting Worse..Many Think Now It Is Going TO $15 a Barrel

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  • JohnnyD4916
    SBR MVP
    • 04-14-10
    • 1572

    #36
    Originally posted by cashmoneyholla
    It is a penetrating disaster up here in Alberta . People losing there homes at an alarming rate . And no end in site . I do not feel to smart being in the drilling industry right now, most likely be laid off soon . Johnny where did you work ?

    Holla
    I have worked all over Texas, Louisiana and New Mexico.
    Comment
    • existential
      SBR MVP
      • 07-21-14
      • 2963

      #37
      crisis for bagholders i suppose
      Comment
      • smitch124
        SBR Posting Legend
        • 05-19-08
        • 12566

        #38
        I guess crisis is on both sides of extreme prices. What should the best price of a gallon be? 2.75?
        Comment
        • jjgold
          SBR Aristocracy
          • 07-20-05
          • 388179

          #39
          USO ok

          Long term


          How low could not go?
          Comment
          • d2bets
            BARRELED IN @ SBR!
            • 08-10-05
            • 39995

            #40
            Do people even know that the U.S. is producing far more domestic oil than we ever have and have now overtaken Russia and Saudi Arabia as the world's leading producer? The notion that Obama has stifled production is a complete fabrication.
            Comment
            • Jaug
              SBR MVP
              • 01-11-09
              • 3087

              #41
              Originally posted by DiggityDaggityDo
              Comment
              • Thunderground
                SBR Sharp
                • 09-09-15
                • 256

                #42
                I prefer cheap gas. Why is that a problem? Because the price gouging finally ends? Because our economy will fall apart unless greed can run rampant?

                They can put any price on oil that they want, and we'll pay it. A lower price is good for the people. It should lower food prices as well, as transportation becomes cheaper.
                Comment
                • KVB
                  SBR Aristocracy
                  • 05-29-14
                  • 74817

                  #43
                  Originally posted by The Kraken
                  This is what happens when you have a President that's not in bed with the large oil producers



                  /thread

                  Thank You Obama
                  Of all the wacky explanations I heard in this thread, this one made me spit out my coffee.

                  Comment
                  • TheMoneyShot
                    BARRELED IN @ SBR!
                    • 02-14-07
                    • 28672

                    #44
                    I feel sorry for all the posters who's career revolves around the oil...

                    But damn... citizens got fukking robbed the last 10+ years or so paying for fuel.

                    Fukking ridiculous.
                    Comment
                    • The Kraken
                      BARRELED IN @ SBR!
                      • 12-25-11
                      • 28918

                      #45
                      Originally posted by TheMoneyShot
                      I feel sorry for all the posters who's career revolves around the oil...

                      But damn... citizens got fukking robbed the last 10+ years or so paying for fuel.

                      Fukking ridiculous.
                      I kind of agree

                      I ride a scooter that has a 1.5g tank Fill it up once a month at most

                      I bike to work 4 days/week

                      In Oklahoma, we had to have two cars. Living in Seattle, it's nearly impossible to have two cars. Sold the wifes car before moving, kept the truck

                      Looking for a scooter gang to join
                      Comment
                      • opie1988
                        SBR Posting Legend
                        • 09-12-10
                        • 23429

                        #46
                        Obama has done all he can to ruin our great country. Can't wait till this Muslim fukk is out of office.

                        So ready to MAKE AMERICA GREAT AGAIN!!!

                        TRUMP 2016
                        Comment
                        • The Kraken
                          BARRELED IN @ SBR!
                          • 12-25-11
                          • 28918

                          #47
                          Originally posted by KVB
                          Of all the wacky explanations I heard in this thread, this one made me spit out my coffee.



                          You know I'm right
                          Comment
                          • The Kraken
                            BARRELED IN @ SBR!
                            • 12-25-11
                            • 28918

                            #48
                            Originally posted by opie1988
                            Obama has done all he can to ruin our great country. Can't wait till this Muslim fukk is out of office.

                            So ready to MAKE AMERICA GREAT AGAIN!!!

                            TRUMP 2016
                            Opie, how feasible would it be for you to ride a 125cc Scooter around all day?

                            Think of all the gas $$$ you could save
                            Comment
                            • BIGDAY
                              SBR Aristocracy
                              • 02-17-10
                              • 48245

                              #49
                              Originally posted by opie1988
                              Obama has done all he can to ruin our great country. Can't wait till this Muslim fukk is out of office.

                              So ready to MAKE AMERICA GREAT AGAIN!!!

                              TRUMP 2016
                              Comment
                              • KVB
                                SBR Aristocracy
                                • 05-29-14
                                • 74817

                                #50
                                Originally posted by The Kraken
                                I kind of agree

                                I ride a scooter that has a 1.5g tank Fill it up once a month at most

                                I bike to work 4 days/week

                                In Oklahoma, we had to have two cars. Living in Seattle, it's nearly impossible to have two cars. Sold the wifes car before moving, kept the truck

                                Looking for a scooter gang to join
                                In college I rolled around on a scooter. I could park anywhere and that thing got like 70 miles to the gallon easy.
                                Comment
                                • The Kraken
                                  BARRELED IN @ SBR!
                                  • 12-25-11
                                  • 28918

                                  #51
                                  Originally posted by KVB
                                  In college I rolled around on a scooter. I could park anywhere and that thing got like 70 miles to the gallon easy.
                                  It's quite emasculating initially, but once I got past caring, rolling a scooter has MANY advantages. Parking here is the biggest benefit. I went to the gym today in my truck, NO PARKING ANYWHERE Drove around 5 blocks, nothing. Drove home, got the scooter, drove back to the gym and parked in front of the front door like I owned the place
                                  Comment
                                  • KVB
                                    SBR Aristocracy
                                    • 05-29-14
                                    • 74817

                                    #52
                                    Originally posted by The Kraken


                                    You know I'm right
                                    Comment
                                    • KVB
                                      SBR Aristocracy
                                      • 05-29-14
                                      • 74817

                                      #53
                                      Originally posted by The Kraken
                                      It's quite emasculating initially, but once I got past caring, rolling a scooter has MANY advantages. Parking here is the biggest benefit. I went to the gym today in my truck, NO PARKING ANYWHERE Drove around 5 blocks, nothing. Drove home, got the scooter, drove back to the gym and parked in front of the front door like I owned the place
                                      I was in Westwood, I could park betwen any two cars on the street, anywhere. I plastered a giant Steal Your Face Sticker I found at Venice Beach right across the front...

                                      Comment
                                      • smitch124
                                        SBR Posting Legend
                                        • 05-19-08
                                        • 12566

                                        #54
                                        Originally posted by opie1988
                                        Obama has done all he can to ruin our great country. Can't wait till this Muslim fukk is out of office.

                                        So ready to MAKE AMERICA GREAT AGAIN!!!

                                        TRUMP 2016

                                        Hillary gonna make Obama look like Hitler, enjoy
                                        Comment
                                        • zizoudane10
                                          SBR Hall of Famer
                                          • 03-27-12
                                          • 7272

                                          #55
                                          Originally posted by chico2663
                                          my family is in the oil business. If you see a rig put up since 1966 good probability he made it. s.a. is trying to kill usa shale industry.i bought gas here for 1.42 the other day in houston. saudi is going bankrupt so pretty soon they will slow back production and the barrell will go up again.
                                          Not anytime soon. Vicious circle.
                                          Comment
                                          • The Kraken
                                            BARRELED IN @ SBR!
                                            • 12-25-11
                                            • 28918

                                            #56
                                            <iframe src="//giphy.com/embed/4r98T7oBFiqQw" width="480" height="270" frameborder="0" class="giphy-embed" allowfullscreen=""></iframe>
                                            Comment
                                            • Buffalo Nickle
                                              SBR MVP
                                              • 11-12-14
                                              • 3228

                                              #57
                                              The lower the price, the more you gotta drill. Arabs have to drill to keep the money flowing and the US shale producers are in debt up to their eyeballs so it is drill or go under. The more the price drops, the more you drill to make up the difference. That's why they keep driving the price lower and lower. Arabs want the US to quit drilling. US wants the Arabs to quit drilling. They both keep at it.
                                              Comment
                                              • The Kraken
                                                BARRELED IN @ SBR!
                                                • 12-25-11
                                                • 28918

                                                #58
                                                Arabs have more oil and it's much cheaper to extract and refine. If thats the game they're playing, we will lose
                                                Comment
                                                • TheMoneyShot
                                                  BARRELED IN @ SBR!
                                                  • 02-14-07
                                                  • 28672

                                                  #59
                                                  Funny how they say some energy companies might have to file bankruptcy. Sounds a little extreme.... just goes to show you how some top executives are WAY OVERPAID.
                                                  Comment
                                                  • TheMoneyShot
                                                    BARRELED IN @ SBR!
                                                    • 02-14-07
                                                    • 28672

                                                    #60
                                                    Everyone can give their opinion on what's going on...

                                                    All of this is rigged as SBR Poker. No difference.
                                                    Comment
                                                    • Buffalo Nickle
                                                      SBR MVP
                                                      • 11-12-14
                                                      • 3228

                                                      #61
                                                      Tons of small companies got in the fracking biz with huge debt. I read for years that there was a massive fracking bubble. They went into the business based on $4 gas lasting forever so they have to keep drilling to pay that huge debt that got them in business. They want the Arabs to cut them some slack. Don't think it is going to happen.
                                                      Comment
                                                      • The Kraken
                                                        BARRELED IN @ SBR!
                                                        • 12-25-11
                                                        • 28918

                                                        #62
                                                        Yep, I made and lost a lot of coin in Chk and SD

                                                        Both barely solvent now

                                                        More trouble brewing for frackers. Its imminent that fracking is about to be banned in the heartland of american oil and gas
                                                        Comment
                                                        • smitch124
                                                          SBR Posting Legend
                                                          • 05-19-08
                                                          • 12566

                                                          #63
                                                          I wonder how Amby is doing, I know he was in that business.
                                                          Comment
                                                          • bettilimbroke999
                                                            SBR Posting Legend
                                                            • 02-04-08
                                                            • 13254

                                                            #64
                                                            It's a crisis when there's too much oil and it's really cheap? That doesn't sound like a crisis that sounds like a surplus and a welcome one at that
                                                            Comment
                                                            • Otters27
                                                              BARRELED IN @ SBR!
                                                              • 07-14-07
                                                              • 30759

                                                              #65
                                                              Game of chicken between Saudi and us.
                                                              Comment
                                                              • Scorpion
                                                                SBR Hall of Famer
                                                                • 09-04-05
                                                                • 7797

                                                                #66
                                                                Originally posted by The Kraken
                                                                Arabs have more oil and it's much cheaper to extract and refine. If thats the game they're playing, we will lose
                                                                Comment
                                                                • The Kraken
                                                                  BARRELED IN @ SBR!
                                                                  • 12-25-11
                                                                  • 28918

                                                                  #67
                                                                  Originally posted by bettilimbroke999
                                                                  It's a crisis when there's too much oil and it's really cheap? That doesn't sound like a crisis that sounds like a surplus and a welcome one at that
                                                                  Spoken like the fool we've come to expect
                                                                  Comment
                                                                  • bettilimbroke999
                                                                    SBR Posting Legend
                                                                    • 02-04-08
                                                                    • 13254

                                                                    #68
                                                                    Originally posted by The Kraken
                                                                    Spoken like the fool we've come to expect
                                                                    Ok jack it up to $6/gal then and fix the problem...but then of course you'll be bitching about how they're fleecing you...look SA can make the price whatever they want and shutdown US oil competition...they stick a shovel in the sand and out shoot a billion gals of oil....the US has to have much more expensive fracking operations in the middle of penetrate all nowhere North Dakota to get their oil
                                                                    Comment
                                                                    • The Kraken
                                                                      BARRELED IN @ SBR!
                                                                      • 12-25-11
                                                                      • 28918

                                                                      #69
                                                                      I ride a scooter pal, plus I'm holding CHK, so I would get semi-erect if I woke up tomorrow to $6/hr gas
                                                                      Comment
                                                                      • EmpireMaker
                                                                        SBR Posting Legend
                                                                        • 06-18-09
                                                                        • 15581

                                                                        #70
                                                                        Originally posted by d2bets
                                                                        LOL the epitome of stupidity. We have more oil than ever. That's (part of) why prices are low. Basic supply and demand. If there was more oil, prices would be even lower.

                                                                        Somehow people don't know that we are producing more domestic oil than ever.
                                                                        The GOP doesn't put that out in the press releases for the sheep.
                                                                        Comment
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