Current Oil Price

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vtsnowedin
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Post by vtsnowedin »

Vortex2 wrote:
vtsnowedin wrote:
stumuz1 wrote:Have you had a test yet VT?
Nope. Fever broke last night with the help of aspirin. Symptoms now are just a bad chest cold with muscle aches. I will continue to stay home to not give it to friends.
Watching the markets collapse on the TV.
Your bug sounds suspicious TBH.
I'm aware of that and am self isolating at home. Temp now 99.4 (with aspirin) but I ache all over.
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clv101
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Post by clv101 »

Dry cough?

Oh, and, urm, oil price down a lot today.
vtsnowedin
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Post by vtsnowedin »

clv101 wrote:Dry cough?

Oh, and, urm, oil price down a lot today.
Yes frequent hard hacking not getting up any sputum. Hard on the ribs that already ache.
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UndercoverElephant
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Post by UndercoverElephant »

https://www.statnews.com/2020/03/09/peo ... ry-begins/
People who contract the novel coronavirus emit high amounts of virus very early on in their infection, according to a new study from Germany that helps to explain the rapid and efficient way in which the virus has spread around the world.

At the same time, the study suggests that while people with mild infections can still test positive by throat swabs for days and even weeks after their illness, those who are only mildly sick are likely not still infectious by about 10 days after they start to experience symptoms.
vtsnowedin
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Post by vtsnowedin »

UndercoverElephant wrote:https://www.statnews.com/2020/03/09/peo ... ry-begins/
People who contract the novel coronavirus emit high amounts of virus very early on in their infection, according to a new study from Germany that helps to explain the rapid and efficient way in which the virus has spread around the world.

At the same time, the study suggests that while people with mild infections can still test positive by throat swabs for days and even weeks after their illness, those who are only mildly sick are likely not still infectious by about 10 days after they start to experience symptoms.
Well if that is true I'm home for another seven days.
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emordnilap
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Post by emordnilap »

I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
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mikepepler
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Post by mikepepler »

Brent Crude down below $27 now. I wonder how low it can go?
Mike

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http://peakoilupdate.blogspot.com
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UndercoverElephant
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Post by UndercoverElephant »

mikepepler wrote:Brent Crude down below $27 now. I wonder how low it can go?
If it goes much lower than that, I might consider buying it myself. :D
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mikepepler
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Post by mikepepler »

Now below $25.
Mike

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Dr Colin Campbell

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ReserveGrowthRulz
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Post by ReserveGrowthRulz »

mikepepler wrote:Now below $25.
<yawn>

I presume no one here was running an oil company on Monday, March 31, 1986, when WTI hit $10.25/bbl, and we were bouncing off the walls figuring out how to make payroll that same Friday? (quick clue...sell tubulars!)

Nowadays as a consumer rather than a producer, I have far less objection to low oil prices. As most consumers might feel as well I imagine.
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UndercoverElephant
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Post by UndercoverElephant »

ReserveGrowthRulz wrote:
mikepepler wrote:Now below $25.
<yawn>

I presume no one here was running an oil company on Monday, March 31, 1986, when WTI hit $10.25/bbl, and we were bouncing off the walls figuring out how to make payroll that same Friday? (quick clue...sell tubulars!)

Nowadays as a consumer rather than a producer, I have far less objection to low oil prices. As most consumers might feel as well I imagine.
Oil prices are no longer of any interest. Civilisation as we know it collapsing around us as we speak. Pretty soon, the oil producers won't be able to give the stuff away.
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ReserveGrowthRulz
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Post by ReserveGrowthRulz »

UndercoverElephant wrote:
ReserveGrowthRulz wrote:
mikepepler wrote:Now below $25.
<yawn>

I presume no one here was running an oil company on Monday, March 31, 1986, when WTI hit $10.25/bbl, and we were bouncing off the walls figuring out how to make payroll that same Friday? (quick clue...sell tubulars!)

Nowadays as a consumer rather than a producer, I have far less objection to low oil prices. As most consumers might feel as well I imagine.
Oil prices are no longer of any interest.
Well....238 pages of interest here anyway.
UndercoverElephant wrote: Civilisation as we know it collapsing around us as we speak. Pretty soon, the oil producers won't be able to give the stuff away.
I believe you about the prices going lower because of lack of demand, but as with most end of the world scenarios dreamed up during fantasy league doom play, I've got bad news. This isn't the collapse you've been waiting for since peak oil let you down.
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clv101
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Post by clv101 »

ReserveGrowthRulz wrote:
mikepepler wrote:Now below $25.
I presume no one here was running an oil company on Monday, March 31, 1986, when WTI hit $10.25/bbl, and we were bouncing off the walls figuring out how to make payroll that same Friday? (quick clue...sell tubulars!)
$10.25 in 1986 equates to $24.19 in 2020 dollars. Today's WTI price ($22.39) is lower in real terms than 1986.
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ReserveGrowthRulz
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Post by ReserveGrowthRulz »

clv101 wrote:
ReserveGrowthRulz wrote:
mikepepler wrote:Now below $25.
I presume no one here was running an oil company on Monday, March 31, 1986, when WTI hit $10.25/bbl, and we were bouncing off the walls figuring out how to make payroll that same Friday? (quick clue...sell tubulars!)
$10.25 in 1986 equates to $24.19 in 2020 dollars. Today's WTI price ($22.39) is lower in real terms than 1986.
To those of us in operations on that day (and not knowing if the worst was over yet), future facts like this were pretty irrelevant. We were all feeling like we were trapped in an elevator in freefall, not knowing when it was going to stop.
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UndercoverElephant
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