Oil Prices at $60 a barrel and falling

Discussion in 'The Howard Stern Show' started by chapped, Dec 10, 2014.

  1. chapped

    chapped Well-Known Member

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    :yay::yay::yay::yay:

    This is fucking great..

    OPEC counties are taking it in the ass....

    In the past OPEC would cut production but doing that now means even less money coming in...

    Quick... what day is it??

    [​IMG]

    Suck it camel fuckers
     
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  2. oski

    oski Purveyor of the Obvious Gold

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    ummm most of opec wants the oil price this low because their cost of production is so low and it prices out a lot of the competition. . .
     
  3. chapped

    chapped Well-Known Member

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    don't care ... cheap gas :cheer2:

    and this


    Crude oil prices hit fresh five- year lows Wednesday after the Organization of Petroleum Exporting Countries (OPEC) slashed estimates over how much crude it will need to produce in 2015, thanks to burgeoning supply from North America and other rising producers.

    OPEC lowered its projection for 2015 production to 28.9 million barrels a day, or about 300,000 fewer than previously forecast, and a 12-year low, according to Bloomberg. That's about 1.15 million barrels a day less than the cartel pumped last month, when OPEC left unchanged its 30 million barrel daily production quota



    http://www.usatoday.com/story/money/2014/12/10/opec-adds-to-gloom-over-oil-prices/20184871/
     
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  4. Stew Nod

    Stew Nod Well-Known Member Banned User

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    This also fucks our domestic production.....fucks everyone but the Saudis on some level

    Iran and russia need 100 per barrel to profit

    Our shale stuff needs from 55 to 65 it seems

    With the mid west sale boom and billions in new infrastructure and jobs, prices can't go much lower before it really hurts the US
     
  5. oski

    oski Purveyor of the Obvious Gold

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    "thanks to burgeoning supply from North America and other rising producers."

    Much of which goes away at $60 a barrel.
     
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  6. skylarbrie

    skylarbrie VIP Extreme Gold

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    rick perry's Texas miracle is finished, consequently, his presidential bid is dead on arrival
     
  7. chapped

    chapped Well-Known Member

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    cheap gas :cheer:

    so sad that Texaco CEOs will only make half a billion in bonuses instead of a full billion
     
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  8. Stew Nod

    Stew Nod Well-Known Member Banned User

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    Well, if they can keep crude low for long enough, US production will stop....They aint gonna frack to lose money...By ten Russia, Iran, etc will have cut back production. At that point the Saudis can cut their own production and run that shit right back up over 110 a barrel....Sucks
     
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  9. Stew Nod

    Stew Nod Well-Known Member Banned User

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    Our east coast refineries have been refining almost 100% US Bakken sale.....not enough pipelines being built to get it here, so the rail lines are non stop bringing it in...new off load terminals being built. It would be a god damn shame to see all of that investment dry up and go to waste
     
  10. chapped

    chapped Well-Known Member

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    its just a matter of time... Oil companies are greedy cock suckers..
    they will run it back up the second they can.. i take joy in their ass fucking while i can
     
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  11. chapped

    chapped Well-Known Member

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    howard doesn't have enough pipe to fuck a Cheerio

    see now this thread is howard related :cheer2:
     
  12. oski

    oski Purveyor of the Obvious Gold

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    if the oil companies could control the price, me thinks it'd be a lot higher than it is.
     
  13. Dan

    Dan Do you like my car?

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  14. chapped

    chapped Well-Known Member

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    well with Exxxon Mobole reporting full-year earnings of $44.9 billion I am going to guess that their is a slight manipulation
    but what do I know??

    Cheap gas :yay:
     
  15. chapped

    chapped Well-Known Member

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    The Snork likes this.
  16. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    If 1% of the USA suffers due to low oil prices, and 99% of the USA cheers low gasoline prices, I'm glad to be part of the 99%.
     
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  17. oski

    oski Purveyor of the Obvious Gold

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    holy misleading batman! their margins are 8%. compare that to apple if you want to see who is gouging the consumer.
     
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  18. wigtropolis

    wigtropolis Well-Known Member

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    You know what this means.

    Wigs are going to be super inexpensive
     
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  19. chapped

    chapped Well-Known Member

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    :spit:
     
  20. Shamrock12

    Shamrock12 Bouncy... Bouncy...

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    the thing is.. the second gas prices rise everyone uses it as an excuse to charge more on their products... now that it is low I don't see anyone discussing lower prices on anything
     
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