The price of crude oil..... my jaw dropped

Discussion in 'Markets & Economies' started by slavaja, Mar 8, 2020.

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  1. slavaja

    slavaja Well-Known Member Silver Stacker

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    Screenshot_20200309-103802.png
     
    slavaja, Mar 8, 2020
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  2. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    Whats worse is last week the Aus Gov signed a deal with USA for emergency fuel and oil supplies which they will hold with a 40 day delivery time frame. This is bullshit!
     
    betterinvestmentthanshare, Mar 8, 2020
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  3. Agnostic

    Agnostic Active Member Silver Stacker

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    as in, the USA promises to supply Aus Gov within 40 days?
     
    Agnostic, Mar 9, 2020
    #3
  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    A 40 day warrantee.
    After 40 days and it breaks you get both pieces.
     
    JohnnyBravo300, Mar 9, 2020
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  5. Ag bullet

    Ag bullet Well-Known Member

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    oil price goes up- fuel price goes up instantly. oil price crashes- fuel price stays the same.
     
    Ag bullet, Mar 9, 2020
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  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    This is great news for oil importing countries
     
    Ipv6Ready, Mar 9, 2020
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  7. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Australia.... the land of price gouging.
     
    wrcmad, Mar 9, 2020
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  8. silverhair

    silverhair Well-Known Member

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    I read the Saudis are at war with the Russians for market share. This should be interesting .....
     
    silverhair, Mar 9, 2020
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  9. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    My jaw dropped 20%, however my retirement age is making solid gains.
     
    Eureka Moments, Mar 9, 2020
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  10. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    WA has a world class LNG field so why the f@rk are we so reliant on oil based fossil fuels?are we slipper kissers to the U.S. and their whores the Saudi ? Come on please someone explain
     
    Silver Soul, Mar 9, 2020
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  11. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Do you drive a petrol/diesel or LNG
     
    Ipv6Ready, Mar 9, 2020
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  12. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    ^^^ LPG I also service these to Australian standards. As my company is a test station for many types of cylinders .
     
    Silver Soul, Mar 9, 2020
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  13. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    is the ratio like 1000 Petrol/Diesel : 1 LNG or is it even higher

    Australia could have mandated LNG like Brazil mandated Ethanol but no foresight here
     
    Ipv6Ready, Mar 9, 2020
    #13
  14. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    I have a lpg car but LPG is dissapearing from servos so this will be my last one as it is too much of a PITA
     
    Court Jester, Mar 9, 2020
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  15. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Yes, an extreme lack of socialist foresight. o_O
     
    mmm....shiney!, Mar 9, 2020
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  16. Slimey

    Slimey Well-Known Member

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    This is retribution for Russian assistance in Syria.
     
    Slimey, Mar 10, 2020
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  17. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Australia needs it's own refineries again after the Australian unions that work for Beijing made sure that they were shut down. A supply from the USA might not be a bad idea because currently all of our refined fuel comes from Singapore via tanker and the Chinese Communist Party could cut our complete national fuel supply with ease.
     
    Shaddam IV, Mar 10, 2020
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  18. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Whats the point of refineries if we cant get crude oil?
    We have many LNG refineries.... Becuase we have plenty of LNG
     
    Ipv6Ready, Mar 10, 2020
    #18
  19. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    Australia does produce oil but gas would be a better fuel source its a pity it has lost its populrity
     
    Court Jester, Mar 11, 2020
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  20. alor

    alor Well-Known Member Silver Stacker

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    currently at work is the US sanction on Iranian oil, and secondary sanctions on countries that buy Iranian oil

    there would be no more chocking with Chabahar
    [​IMG]
     
    alor, Mar 11, 2020
    #20
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