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Thread: As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis

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    Re: As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis

    Quote Originally Posted by rhinefire View Post
    Offshore drilling is going deeper and deeper so this calls for changes in the tooling and the costs are higher. When the pressures get higher like from today's 15,000 psi rated technology to 20,000 psi technology which is what the R&D people are working on now where I work all specifications change and there are a lot of man hours and expenses that accommodate such changes. The coasts are passed on to the suckers, I mean consumers.
    "Suckers"? I don't follow. The price of oil should follow the price of production.

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    Re: As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis

    Quote Originally Posted by joG View Post
    Part of the reason must be slagging demand. That is often a sign of warning as it can indicate the state of the world economy.
    Yes the world economy and energy efficiency. That is why in the OP I said this reflects badly on the US economy and why I am an all of the above guy. Drill baby drill AND get more efficient. The low gas prices will help stimulate our economy though and the previous high price is one of the reasons it is bad as of now.

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    Re: As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis

    Clearly Obama's anti-oil policies have stifled the supply of oil.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis

    Quote Originally Posted by lifeisshort View Post
    Yes the world economy and energy efficiency. That is why in the OP I said this reflects badly on the US economy and why I am an all of the above guy. Drill baby drill AND get more efficient. The low gas prices will help stimulate our economy though and the previous high price is one of the reasons it is bad as of now.
    But if gas prices drop any further the drilling will no longer be profitable.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  5. #25
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    Re: As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis

    Quote Originally Posted by Deuce View Post
    But if gas prices drop any further the drilling will no longer be profitable.
    Then they will stabilize.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis

    Quote Originally Posted by Deuce View Post
    But if gas prices drop any further the drilling will no longer be profitable.
    And that my friend is why drill baby drill worked. We now have an active on line oil reserve that can power up any time OPEC tries to screw with us. We will now have stability in oil prices because the Arabs no longer hold the key to the kingdom. This will do nothing but good for our economy.

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    Re: As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis

    Quote Originally Posted by lifeisshort View Post
    And that my friend is why drill baby drill worked. We now have an active on line oil reserve that can power up any time OPEC tries to screw with us. We will now have stability in oil prices because the Arabs no longer hold the key to the kingdom. This will do nothing but good for our economy.
    So we don't want to drill baby drill anymore? That's over? Slow down on the drilling now, baby?

    You're telling me that Obama's policies on oil have resulted in sufficient drilling, baby?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis

    Quote Originally Posted by Deuce View Post
    So we don't want to drill baby drill anymore? That's over? Slow down on the drilling now, baby?

    You're telling me that Obama's policies on oil have resulted in sufficient drilling, baby?
    The free market will dictate what the oil company's do as far as drilling goes. Lower oil prices will likely slow new well development but as demand increases so will drilling. We are now back in the drivers seat and in control of our own destiny instead of OPEC owning our asses and this is all do to states allowing new oil development on their land. This has come about despite Obamas anti oil policies and rhetoric. Once we get a rep pres that opens up fed land we can tell the Saudis and OPEC to pound sand

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    Re: As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis

    Quote Originally Posted by rocket88 View Post
    It's like $3.10 right now. Not exactly big savings, and a big difference from the Republican's promised $2.

    We want to drill everywhere to save 10 cents per gallon?
    Regular went down to $2.83 where I live today.
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    Re: As Brent Crude Drops Below $90, Oil Stocks Tumble And Eyes Turn To Saudis

    Quote Originally Posted by lifeisshort View Post
    The free market will dictate what the oil company's do as far as drilling goes. Lower oil prices will likely slow new well development but as demand increases so will drilling. We are now back in the drivers seat and in control of our own destiny instead of OPEC owning our asses and this is all do to states allowing new oil development on their land. This has come about despite Obamas anti oil policies and rhetoric. Once we get a rep pres that opens up fed land we can tell the Saudis and OPEC to pound sand
    Open up fed land and make oil become unprofitable. Why exactly is this what you want?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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