-36.00 a barrel !

[pclark]

AOC, the bright, up and coming star of the Democratic Party was quoted tweeting that it is a great thing. Thinks its also a great time to really crank out the Great New Green Deal. What do I know? I'm old.

 

[chords]

And mortgage rates were over 15%

And a 1 year bank CD was paying 16% - 18%. That was Cha Ching$ time for me.

 

[BigSix]

China Buys Crude as Prices Collapse
As global prices fell, Chinese importers sent 84 tankers to Saudi Arabia.
https://www.impomag.com/home/news/2...dium=email&utm_campaign=95188&utm_term=534523

This all may have been planned from the beginning.
I have been telling anyone who would listen for the last 20 years that the free world's biggest problem was and is not Russia, North Korea, Iran, Iraq or Afghanistan but CHINA!

 

[Tracker]

The US is filling up the strategic war reserve which the democrats drained....cliton was the worst....so good news for us also on the low oil prices

 

[1fujifilm]

Hi Gary,
I see gas is 84 cents at Shell station next to T/A Motorsports (Francis Creek, WI)..unreal.

Bear

Down to 80 cents, seems to be lowest in WI.

Bear

 

[frnash]

The US is filling up the strategic war reserve which the democrats drained....cliton [sic] was the worst....so good news for us also on the low oil prices

About that:
See (click→ ) Wickedypedia|Strategic Petroleum Reserve (United States), quoted here in part (emphasis is mine):

The Strategic Petroleum Reserve (SPR) is a supply of petroleum held by the United States Department of Energy (DOE) for emergency fuel. It is the largest emergency supply in the world, and its underground tanks in Louisiana and Texas have capacity for 797 million barrels.

The current inventory is displayed on the SPR's website. As of April 17, 2020, the inventory was 635.0 million barrels. This equates to about 34 days of oil at 2013 daily U.S. consumption levels of 18.49 million barrels per day or 64 days of oil at 2013 daily U.S. import levels of 9.859 million barrels per day.

However, the maximum total withdrawal capability from the SPR is only 4.4 million barrels per day, so it would take over 144 days (4.73 months) to use the entire inventory.

Less than 5 months. Wooo!

 

[xcr440]

About that:
See (click→ ) Wickedypedia|Strategic Petroleum Reserve (United States), quoted here in part (emphasis is mine):

Less than 5 months. Wooo!

Good thing we can produce more than we can import at the present time. Well, before the "shut down" anyway.

 

[Tracker]

About that:
See (click→ ) Wickedypedia|Strategic Petroleum Reserve (United States), quoted here in part (emphasis is mine):

Less than 5 months. Wooo!

I am proud of you FRNASH....you used wikipedia

 

[Tracker]

We have more than 5 months....there is also this reserve which is separate

https://en.wikipedia.org/wiki/Oil_reserves_in_the_United_States