Comments on: WTF — What The Frack? Oil Prices 12 Year Low https://themusingsofthebigredcar.com/wtf-what-the-frack-oil-prices-12-year-low/?utm_source=rss&utm_medium=rss&utm_campaign=wtf-what-the-frack-oil-prices-12-year-low 53 years and 204,000 miles of business, CEO, leadership, startup, political, military wisdom Sat, 16 Jan 2016 16:20:54 +0000 hourly 1 https://wordpress.org/?v=5.9.11 By: "I've Got A Bad Feeling" - The Musings of the Big Red Car https://themusingsofthebigredcar.com/wtf-what-the-frack-oil-prices-12-year-low/#comment-2551 Sat, 16 Jan 2016 16:20:54 +0000 http://themusingsofthebigredcar.com/?p=4705#comment-2551 […] WTF — What The Frack? Oil Prices At 12 Year Low […]

]]> By: JLM https://themusingsofthebigredcar.com/wtf-what-the-frack-oil-prices-12-year-low/#comment-2533 Wed, 13 Jan 2016 03:55:00 +0000 http://themusingsofthebigredcar.com/?p=4705#comment-2533 In reply to Alex.

.
At $20/bbl, Russia and that guy with the pert little nipples is broke. Do something bat shit crazy broke. He is left with cutting off Eastern European natural gas as being the most effective stroke he can make.

BRC
http://www.themusingsofthebigredcar.com

]]> By: Alex https://themusingsofthebigredcar.com/wtf-what-the-frack-oil-prices-12-year-low/#comment-2532 Wed, 13 Jan 2016 03:51:00 +0000 http://themusingsofthebigredcar.com/?p=4705#comment-2532 In reply to JLM.

Yes. $20/Bbl is not good when it comes to geopolitical stability.

]]> By: JLM https://themusingsofthebigredcar.com/wtf-what-the-frack-oil-prices-12-year-low/#comment-2531 Wed, 13 Jan 2016 03:45:00 +0000 http://themusingsofthebigredcar.com/?p=4705#comment-2531 In reply to Alex.

.
Since the middle of last year, the Big Red Car has been calling it. The Big Red Car doesn’t want oil to drop to $20/bbl and stay there but it certainly could. The BRC sees it at year end at $30 but it will drink from the trough at $20 for sure.

BRC
http://www.themusingsofthebigredcar.com

]]> By: Alex https://themusingsofthebigredcar.com/wtf-what-the-frack-oil-prices-12-year-low/#comment-2530 Wed, 13 Jan 2016 02:27:00 +0000 http://themusingsofthebigredcar.com/?p=4705#comment-2530 Agree with ya BRC!

We wrote up an article back in November about oil dropping to $20/barrel.

http://www.foundationinvesting.com/is-oil-black-gold-or-fools-gold-we-think-its-the-latter-heres-why/

It’s always funny hearing the pundits call for a bottom every step of the way down too….

]]> By: sigmaalgebra https://themusingsofthebigredcar.com/wtf-what-the-frack-oil-prices-12-year-low/#comment-2529 Tue, 12 Jan 2016 21:36:00 +0000 http://themusingsofthebigredcar.com/?p=4705#comment-2529 Ah, ask BRC, so close to the experts of the oil patch, not so far some some WTI wells and some Houston refiners, let’s see.

(1) So, Google

barrel oil gallons

and get at

http://aoghs.org/news/history-of-the-42-gallon-oil-barrel/

and get 42 gallons per barrel that commonly refines to 20 gallons of gasoline, 12 gallons of Diesel, 4 gallons of jet fuel, some gasses, asphalt, etc.

IIRC the Diesel is much the same as home heating oil.

So, suppose at the well, oil goes for $0.01 a barrel. Then what are the prices of gasoline, Diesel, jet fuel, etc.? Or, after paying the WTI market price, how much is added for refining, transportation, and retailing — e.g., for gasoline, $1 a gallon?

]]> By: JLM https://themusingsofthebigredcar.com/wtf-what-the-frack-oil-prices-12-year-low/#comment-2525 Tue, 12 Jan 2016 14:38:00 +0000 http://themusingsofthebigredcar.com/?p=4705#comment-2525 .

It’s happening. Oil prices hit a 12 year low and gasoline is $1.45/gallon in the ATX.

The Big Red Car told you half a year ago it was coming and now it’s here.

http://themusingsofthebigredcar.com/wtf-what-the-frack-oil-prices-12-year-low/

Learn it, live it, love it.

BRC
http://www.themusingsofthebigredcar.com

]]>