Joined
·
4,519 Posts
Crest Hill Mobil,
Rte 53 (Broadway) & Theodore
Rte 53 (Broadway) & Theodore
We should be so lucky when Uber is slamming us with trips. Enjoy these prices while they last. The Saudi's and Russians have reportedly agreed to cut production.
The cut was 9.7mln bbls a day. It's a lot but for one cut but few are driving or flying. They were talking 10mln bbls and trumps said a week earlier 10 or maybe 15 mln.We should be so lucky when Uber is slamming us with trips. Enjoy these prices while they last. The Saudi's and Russians have reportedly agreed to cut production.
Originally is was to run the shale producers out of business and they were trying to do it before coronavirus shut the world down. 20 years ago open had a price band target for crude of $22 to $28. If the average price went outside of the band for 30 days they increased or decreased production at the time the estimated production cost for the Saudi's was $1-2bbl now they use a much higher number as they use it to fund the country so the lump what they need into the production costs
I can understand why Russia didn't want to slow production, even though they aren't making much if any money on it, they need the cash flow. Saudi Arabia on the other hand I would think would be drowning in cash, but who really knows. Overall, it's a good thing that the Middle East or another region of the world doesn't produce a majority of the oil. Competition is a good thing.
I read that the decrease in production will still be out paced by the decrease in demand and that will keep prices low. Let's see what happens.Gas going up again in the next few weeks. They are slowing production for impacting prices.
The Saudi royal family have more money than Allah. But expensive lifestyles.
I can understand why Russia didn't want to slow production, even though they aren't making much if any money on it, they need the cash flow. Saudi Arabia on the other hand I would think would be drowning in cash, but who really knows. Overall, it's a good thing that the Middle East or another region of the world doesn't produce a majority of the oil. Competition is a good thing.
Crest Hill is my neck of the woods. Not my hood but my neck of the woods. I got there after providing rides to Frankfort, Tinley Park, Oak Lawn, Auburn-Gresham, The Godfrey Hotel, blah blah then out to Bolingbrook and as always, when approaching home turf I consult Gas Buddy for the best price on all possible routes toward home.Blank is Half doing at Crest Hill?
And I damn sho ain't seen anyone yackin bout "ants" lately.
For the few I see, a whole new feeling runs over me.
Do you have on a mask? Do you wipe after every ride?
Providing most the benefits of doubt. ...
I then also think - brave, courageous, essential.
Thank you
I lost my hell toupe in those 50 mph gusts the other day....Just think, in a couple years, some kind of superbug goes around and only those who had Covid-19 are immune. The others' nipples all shrivel up, their noses turn into beaks and and their feet become tentacles.
Of course Trump, Fauci and Birx will have hell to pay. Maybe one of them will have hell toupe.