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

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

  1. slavaja

    slavaja Well-Known Member Silver Stacker

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    Screenshot_20200309-103802.png
     
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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!
     
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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?
     
  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    A 40 day warrantee.
    After 40 days and it breaks you get both pieces.
     
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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.
     
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  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    This is great news for oil importing countries
     
  7. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Australia.... the land of price gouging.
     
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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 .....
     
  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.
     
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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 [email protected] 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
     
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  11. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Do you drive a petrol/diesel or LNG
     
  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 .
     
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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
     
  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
     
  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Yes, an extreme lack of socialist foresight. o_O
     
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  16. Slimey

    Slimey Well-Known Member

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    This is retribution for Russian assistance in Syria.
     
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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.
     
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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
     
  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
     
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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]
     

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