Honestly, this is where we need to be if you are from Texas
WTI over $70 dollars a barrel
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Last: 5 hrs ago by aggiedata
Some predictions are saying it will probably go much higher....like $100+
About to be a bunch of new lifted up Raptors in the valet line at Lake Charles
CNN is an enemy of the state and should be treated as such.
2040huck said:
Honestly, this is where we need to be if you are from Texas
And Obama is surely pleased, right?
For those who still don't believe this is Obama's third term, remember when he said, "Under my plan...electricity rates will necessarily skyrocket." Thanks, Joe! pic.twitter.com/XVUJj5fnjG
— Paul Manicone (@JustRightPD) April 12, 2024
I assume democrats are celebrating this news.
TyHolden said:
Some predictions are saying it will probably go much higher....like $100+
I don't think that will be the case. We'll probably have a spike maybe up to 80 for a week or so.
*all predictions guaranteed wrong, or your money back.
nortex97 said:2040huck said:
Honestly, this is where we need to be if you are from Texas
And Obama is surely pleased, right?For those who still don't believe this is Obama's third term, remember when he said, "Under my plan...electricity rates will necessarily skyrocket." Thanks, Joe! pic.twitter.com/XVUJj5fnjG
— Paul Manicone (@JustRightPD) April 12, 2024
I assume democrats are celebrating this news.
Not sure what you are trying to say. I assume most people, Dem or GOP dont want higher gas prices. Don't know, and dont care how it affects the politics. I just know that from my personal interests, higher oil prices are a good thing, up to a point. I think $70-75 is the sweet point for Texas interests
I was told strongly it needed to be between $76 and $88 dollars a barrel
Jon Hamm personally told me this
Jon Hamm personally told me this
Yep, 70-75 if it will stay there.
But I don't think this spike will last long.
But I don't think this spike will last long.
TyHolden said:
Some predictions are saying it will probably go much higher....like $100+
Short your airline stocks if that is expected.
BenFiasco14 said:
About to be a bunch of new lifted up Raptors in the valet line at Lake Charles
There are two types of Raptors - brand new and ragged out.
If it liberates the Iranian people I'm more than fine temporarily paying more gas.
Seeing as how it's the midterms and affordability is on everyone's mind as it is, I seriously doubt Trump will want prices to stay high for very long.
Seeing as how it's the midterms and affordability is on everyone's mind as it is, I seriously doubt Trump will want prices to stay high for very long.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
2040huck said:nortex97 said:2040huck said:
Honestly, this is where we need to be if you are from Texas
And Obama is surely pleased, right?For those who still don't believe this is Obama's third term, remember when he said, "Under my plan...electricity rates will necessarily skyrocket." Thanks, Joe! pic.twitter.com/XVUJj5fnjG
— Paul Manicone (@JustRightPD) April 12, 2024
I assume democrats are celebrating this news.
Not sure what you are trying to say. I assume most people, Dem or GOP dont want higher gas prices. Don't know, and dont care how it affects the politics. I just know that from my personal interests, higher oil prices are a good thing, up to a point. I think $70-75 is the sweet point for Texas interests
Oh ok. To clarify, I consider your views as leftist politically, so I assumed you are happy about higher energy/gas prices (though I think it is temporary). Democrats-leftists want higher energy prices as a matter of policy, and have for many years. That was my point.
I think the surge in European gas prices in particular (NG) are going to be a problem for them quickly, unfortunately. I am not interested in debating Texas' interests specifically.
You would think the Democrats would be in favor of all of this if it makes gas/oil more expensive. But Democrats aren't known to be a rational bunch lol.
good!
Texas lives on O&G!
Texas lives on O&G!
I would be surprised if US Crude jumps that much, we really aren't that vulnerable to imports. I do think it's going to spike the hell out of costs for China though and the larger global market. O&G is less global of a market than it was 20 years ago. We are still impacted but more because our oil to export becomes more valuable than dependency on imports.
"The most terrifying words in the English language are: I'm from the government and I'm here to help."
Ronald Reagan
Ronald Reagan
The WTI price reflects the price of USA-produced crude oil, especially the light sweet stuff.
eta: we import 35-40% of our crude.
eta: we import 35-40% of our crude.
XOM stock looking good
How much NIL money does this translate to
Logos Stick said:
The WTI price reflects the price of USA-produced crude oil, especially the light sweet stuff.
eta: we import 35-40% of our crude.
I understand but we also export and our net is about even. Also understand WTI and what it means. My point is that our prices will fluctuate but not as dramatically as it will in other parts of the world based on what happens in the Middle East.
"The most terrifying words in the English language are: I'm from the government and I'm here to help."
Ronald Reagan
Ronald Reagan
Captn_Ag05 said:
How much NIL money does this translate to
Not enough to put any trophies in the trophy case.
W said:
XOM stock looking good
XOM's breakeven has been pushed back down to about $34/bbl. They should be looking good.
Hedged at 70 for the rest of 26!
Bigger royalty checks
Jbob04 said:Captn_Ag05 said:
How much NIL money does this translate to
Not enough to put any trophies in the trophy case.
Truth.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
aggie93 said:Logos Stick said:
The WTI price reflects the price of USA-produced crude oil, especially the light sweet stuff.
eta: we import 35-40% of our crude.
I understand but we also export and our net is about even. Also understand WTI and what it means. My point is that our prices will fluctuate but not as dramatically as it will in other parts of the world based on what happens in the Middle East.
They will fluctuate almost as much. There is an 80-90% correlation between Brent and WTI. Usually we get helped a little more when prices spike because the light/heavy spread widens and we use a lot of heavy crude.
Gas went up sixty cents overnight.
Does anyone know if this is the only jump or if we should expect more to come?
Does anyone know if this is the only jump or if we should expect more to come?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
BenFiasco14 said:
About to be a bunch of new lifted up Raptors in the valet line at Lake Charles
I need a used Polaris Ranger in about 12-18 months.
Jbob04 said:Captn_Ag05 said:
How much NIL money does this translate to
Not enough to put any trophies in the trophy case.
it will for Texas Tech!
No Spin Ag said:
Gas went up sixty cents overnight.
Does anyone know if this is the only jump or if we should expect more to come?
Anticipated replacement costs for the next shipment. If those replacement costs are not as high as anticipated, the retail gasoline business is quick to adjust prices because it is so competitive. Plus this is the time of year when refineries switch over from heating oil to more gasoline for the late spring and summer demand.
I wish oil would park itself around $75 and just stay there!
aggiehawg said:No Spin Ag said:
Gas went up sixty cents overnight.
Does anyone know if this is the only jump or if we should expect more to come?
Anticipated replacement costs for the next shipment. If those replacement costs are not as high as anticipated, the retail gasoline business is quick to adjust prices because it is so competitive. Plus this is the time of year when refineries switch over from heating oil to more gasoline for the late spring and summer demand.
Muchas gracias, señora Hawg.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
No Spin Ag said:
Gas went up sixty cents overnight.
Does anyone know if this is the only jump or if we should expect more to come?
The Exxon station in South Fort Worth where I filled up last week with regular at $2.28/gallon now has a posted price for regular of....
$2.28/gallon.
nortex97 said:2040huck said:nortex97 said:2040huck said:
Honestly, this is where we need to be if you are from Texas
And Obama is surely pleased, right?For those who still don't believe this is Obama's third term, remember when he said, "Under my plan...electricity rates will necessarily skyrocket." Thanks, Joe! pic.twitter.com/XVUJj5fnjG
— Paul Manicone (@JustRightPD) April 12, 2024
I assume democrats are celebrating this news.
Not sure what you are trying to say. I assume most people, Dem or GOP dont want higher gas prices. Don't know, and dont care how it affects the politics. I just know that from my personal interests, higher oil prices are a good thing, up to a point. I think $70-75 is the sweet point for Texas interests
Oh ok. To clarify, I consider your views as leftist politically, so I assumed you are happy about higher energy/gas prices (though I think it is temporary). Democrats-leftists want higher energy prices as a matter of policy, and have for many years. That was my point.
I think the surge in European gas prices in particular (NG) are going to be a problem for them quickly, unfortunately. I am not interested in debating Texas' interests specifically.
Yet, here you are
Nil here we come
.30 increase at the pump overnight.
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