Oil prices could fall below zero

Discussion in 'Current Events' started by Wrong, Mar 18, 2020.

  1. Wrong

    Wrong :))

  2. Box Ox

    Box Ox Well-Known Member

    I’ve actually been thinking about moving away from stock market index funds that include oil-based US energy companies. Oil prices are way too low for them to be able to pay some big debts they’ve got coming due over the next few years.
     
  3. Baba gounj

    Baba gounj You cannot multiply wealth by dividing it!

    Oil was down under $25 a BBL.
    It was only 11 yrs ago that it topped over $100 a BBL.
    NO airlines = no big demand.
     
  4. DriveInDriveOut

    DriveInDriveOut Proud Deplorable

    Russia is playing games.
     
  5. bbsam

    bbsam Moderator Staff Member

  6. DriveInDriveOut

    DriveInDriveOut Proud Deplorable

  7. bbsam

    bbsam Moderator Staff Member

    I could see the US government buying up that industry and holding it. Yeah, yeah, I know. Communism blah, blah, blah. But in this instance, I’m not sure the US oil industry can afford to compete. On the other hand, US national security seems to now demand robust domestic production.
     
  8. newfie

    newfie Well-Known Member

    oil is living on borrowed time. electric cars are coming
     
  9. Indecisi0n

    Indecisi0n Well-Known Member

    Yea, they only been out since 1960. You'll see electric cars when we run out of oil.
     
  10. newfie

    newfie Well-Known Member

    I see electric cars now?
     
  11. Indecisi0n

    Indecisi0n Well-Known Member

    I am talking about mass production.
     
  12. newfie

    newfie Well-Known Member

    mass production is here?
     
  13. Indecisi0n

    Indecisi0n Well-Known Member

    Yes.
     
  14. DriveInDriveOut

    DriveInDriveOut Proud Deplorable

    Wars over oil will be a thing of the past, soon we'll be fighting over rare Earth elements.
     
  15. quad decade guy

    quad decade guy Active Member


    Ok. How do we charge the batteries? :censored2:s want to get rid of the electrical power supply grid.

    I know what they say but really, how? In there dystopian world view, you walk everywhere,

    smoke weed and rainbows and unicorns....Unfortunately, that doesn't feed your family. So,

    electric cars? Really, how?
     
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  16. Indecisi0n

    Indecisi0n Well-Known Member

    yes
     
  17. It will be fine

    It will be fine Well-Known Member

    Wut? Who’s seriously advocating eliminating the grid? Bizarre straw man argument.
     
  18. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

  19. DriveInDriveOut

    DriveInDriveOut Proud Deplorable

    Pandora's box. Hopefully I'll outlive the consequences.
     
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  20. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    The can just keeps getting kicked down the road but eventually the piper will be paid.