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re: Oil is below $30 now
Posted on 3/16/20 at 9:00 am to Henry Jones Jr
Posted on 3/16/20 at 9:00 am to Henry Jones Jr
quote:Shortsided simpleton. Every time oil crashes and gets "cheap" it leads to a lack of drilling. That lack of drilling then leads to supply shortage and price spikes up the road. The deeper the trough, the higher the peaks in the future. Today's $20 oil will lead to $100+ oil in the future.
Only selfish assholes would be upset about this.
0
Posted on 3/16/20 at 9:13 am to Uncs
Great post. I have always used milk vs gas. You mean it is cheaper to build an oil rig,tow it offshore, anchor it in 1500 feet of water, drill thousands of feet below the ocean floor, pipe line it to a loading station. Transport it to a refinery, refine it in huge crackers an send to gas stations... all that for less money than it takes to milk a cow!!!
Posted on 3/16/20 at 9:38 am to omegaman66
quote:My favorite is Starbucks coffee. It's almost $2,000/bbl.
You mean it is cheaper to build an oil rig,tow it offshore, anchor it in 1500 feet of water, drill thousands of feet below the ocean floor, pipe line it to a loading station. Transport it to a refinery, refine it in huge crackers an send to gas stations... all that for less money than it takes to milk a cow!!!
And peple say the oil companies are ripping you off?
Posted on 3/16/20 at 11:06 am to Taxing Authority
Milk is a 400% profit business when rolling
Posted on 3/16/20 at 11:11 am to omegaman66
quote:
Great post. I have always used milk vs gas. You mean it is cheaper to build an oil rig,tow it offshore, anchor it in 1500 feet of water, drill thousands of feet below the ocean floor, pipe line it to a loading station. Transport it to a refinery, refine it in huge crackers an send to gas stations... all that for less money than it takes to milk a cow!!!
Initial investment costs of oil production are high but once it’s pumping it’s not bad. Also economics of volume.
And it costs a pretty good bit to feed and care for a cow that doesn’t produce much volume of what you want
Posted on 3/16/20 at 11:17 am to Nado Jenkins83
quote:
Milk is a 400% profit business when rolling
Then why are dairy farmers struggling so much lately?
Posted on 3/16/20 at 11:44 am to deltaland
Millenials drinking fake milk
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