Cheapest ever fill up

[Perfectlap]

How quickly we forget...

Barron's reminding of the WTI drop from nose bleeding $146 to $32 in 2008 during the financial collapse. They also point out that commodity funds' NYMEX long positions are so deep, way deeper than 08, that we could see $20 WTI... $1 unleaded?
For energy stocks, this may be the 2009 equivalent of buying banking stocks for pocket money. Or at least get some OIH bait on your hook, its been pulling on that line looking for a bottom. Down nearly 7% just in the last five days.
Seriously... what we're not going to have oil services anymore? LOL. I'd love to know what Warren has in his cross hairs right now. He'll have energy right where he wants them much like he did with Goldman. Wait until they're desperate and then swoop in.

[78F350]

Originally Posted by Perfectlap

How quickly we forget...

Baron's reminding of the WTI drop from nose bleeding $146 to $32 in 2008 during the financial collapse. They also point out that commodity funds' NYMEX long positions are so deep, way deeper than 08, that we could see $20 WTI... $1 gas?
For energy stocks, this may be the 2009 equivalent of buying banking stocks for pocket money. Or at least get some OIH bait on your hook, its been pulling on that line looking for a bottom. Down nearly 7% just in the last five days.
Seriously... what we're not going to have oil services anymore? LOL.

Sold my XOM and PVA at the start of the slide. I'm really starting to get the itch to get back in.

A few years ago I was in a class with a professor who was preaching the doom of our unsustainable oil consumption. While he was showing a film about how we are about to run out of oil, I was reading an article on my tablet about new advances in fracking starting a new oil boom. It was actually a very well made propaganda 'documentary' and I'm sure that the backers have made appropriate revisions to their view to remain relevant. Must have been 2006 or 2007.

[JayG]

WOW this has gone off topic a bit
its about how much your current price is for a gallon of gas, not all the economic reasons, etc

[HolmaN]

Gas is obviously cheep in the states.
Normal price in sweden is 15.5 SEK / litre (1.91 USD)
Current price 11.80 SEK / litre (14.60 USD)
That's messed up!

[Perfectlap]

Originally Posted by HolmaN

Gas is obviously cheep in the states.
Normal price in sweden is 15.5 SEK / litre (1.91 USD)
Current price 11.80 SEK / litre (14.60 USD)
That's messed up!

and interesting... are you in your version of summer there?

[mnc-i]

Yesterday I filled up with 93 octane in the small town of Belton, TX.
I paid a whopping $1.98 per gallon.

MNC-I

[kk2002s]

Folks I resurrect this thread because Me thinks the tide has turned
Several day ago $1.71 for regular, today $1.81
The news is starting their sky is falling reporting about rising oil prices
I can just see the new reports now "3 months ago gas was $1.80/gal now, just in time for summer, it's at an all time high $4.50/gal"

Prepare for the Bend over

[Perfectlap]

Originally Posted by kk2002s

Folks I resurrect this thread because Me thinks the tide has turned
Several day ago $1.71 for regular, today $1.81
The news is starting their sky is falling reporting about rising oil prices
I can just see the new reports now "3 months ago gas was $1.80/gal now, just in time for summer, it's at an all time high $4.50/gal"

Prepare for the Bend over

How much did the oil guys pay the news people?

We had near all-time high prices when demand wasn't keeping up (peak oil panic pricing). Now we have low prices with low demand ("real time" pricing). I think this all mainly depends on foreign sentiment. If China, Brazil and Russia's economies slow down in 2015 the prices won't have anything that to justify an uptick. We've had some of our best quarters since the 2008 crash during this slump in oil prices without any movement but down. Clearly US demand is not as big a mover in shaping the expectation of demand as it once was.

p.s.
for an investor, the OIH has seen a 5% lift in Feb. Not bad way to start the quarter if you got in already. The S&P is nearly 50% invested in just three sectors: IT, Energy and Healthcare. Energy certainly seems like the value component in that trifecta at this point in 2015.

[Perfectlap]

The Saudi plan to let prices fall is working according to analysts.

Turns out there's an actual market at work. If oil prices get too cheap (for some) they just stop drilling.

Saudis