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03-08-2020, 05:59 PM
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#1
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Senior Member
Join Date: Jul 2013
Location: Liberty, Texas
Posts: 5,034
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Oil prices nosedive
Putin cuts price and Saudi's increase production. WTI $30 a barrel. Dow futures down 1,100 points.
But hey, gasoline prices will go down.
Everybody happy now??
https://www.cnbc.com/2020/03/08/dow-...us-stress.html
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2018 Ram 3500 Laramie CC DRW LWB 4X4 Cummins Aisin 3.73
Reese Goosebox 20K
2018 Heartland Landmark 365 Oshkosh
2008 Bigfoot 25C9.4 LB Cabover
2023 CanAm Defender SXS
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03-08-2020, 06:06 PM
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#2
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Site Team
Join Date: Mar 2011
Location: Gaylord
Posts: 26,985
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Diesel dropped from 2.799 to 2.499 this week. Regular unleaded dropped from 2.379 to 1.989... Just because we bought a new "fuel efficient car" the prices go down.... Can't wait to fill the boat, but it's too early, all the lakes are still "hard as a rock on top"....
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John
2015 F250 6.7l 4x4
2014 Cougar X Lite 27RKS
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03-08-2020, 06:27 PM
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#3
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Senior Member
Join Date: Jul 2013
Location: Liberty, Texas
Posts: 5,034
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haha. Same thing happened to me. Traded an almost new 1979 Pontiac Trans-Am in on a VW Scirocco. Prices went back down and we bought a Buick station wagon with plywood on the side.
__________________
2018 Ram 3500 Laramie CC DRW LWB 4X4 Cummins Aisin 3.73
Reese Goosebox 20K
2018 Heartland Landmark 365 Oshkosh
2008 Bigfoot 25C9.4 LB Cabover
2023 CanAm Defender SXS
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03-08-2020, 08:17 PM
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#4
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Gone Traveling
Join Date: Apr 2015
Location: United States
Posts: 171
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Diesel here in the Great Tax State of California hasn't budged one cent.
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03-09-2020, 02:42 AM
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#5
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Senior Member
Join Date: Jun 2014
Location: Kamiah
Posts: 276
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$2.34 here in Swansboro NC.
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Ron&Sue
2017 Montana 3720RL Legacy
14' Ram 3500 DRW
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03-09-2020, 04:03 AM
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#6
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Senior Member
Join Date: Jul 2013
Location: Liberty, Texas
Posts: 5,034
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Stock market is down to "stop limits". I think I saw RBOB gasoline at $1.15 last night. I imagine valves are being closed this week. Saudi lift cost is $4, shale is $40. Shale drillers will not be able to pay loans and will go broke. Big Layoffs.
Throw in Corona virus...
Globalists.
__________________
2018 Ram 3500 Laramie CC DRW LWB 4X4 Cummins Aisin 3.73
Reese Goosebox 20K
2018 Heartland Landmark 365 Oshkosh
2008 Bigfoot 25C9.4 LB Cabover
2023 CanAm Defender SXS
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03-09-2020, 05:21 AM
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#7
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Gone Traveling
Join Date: Apr 2015
Location: United States
Posts: 171
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Cruise ships have always been a place where one person gets sick and since you are on there for a week more people will get sick. I did one cruise to Alaska and had a great time but seems like more people catch something on them. Usually some kind of food poisoning. Now it's the flu. They have these poor people stuck in a ship off the coast and you should hear what people are saying. It's doomsday. Guys tying up the ship need special training. Don't let those people off in out city. The media has succeeded on scaring the public. Only 21 people have the virus out of 1,500 (guess) passengers. People are in a panic. I don't get the water and toilet paper thingy. I went to Costco the other day and had to laugh. Carts full of nothing but water and toilet paper. They are also buying every bottles of sanitizer they can carry. You cant find a dust mask anywhere LOL I am glad they don't release the names of these people who are sick. Business here are hurting. The media has riled up the crowd and people don't eat out much. It's just nuts.
Just wash your hands and you will be fine. If you are old as some of us are and have a medical condition It would be wise to stay on the down low but I am going to live like it's 1995. LOL
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03-09-2020, 06:21 AM
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#8
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Senior Member
Join Date: Jul 2013
Location: Liberty, Texas
Posts: 5,034
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Yeah I'm thinking media is responsible for this panic. After all there is an election soon. Things were rolling along pretty well.
We're undecided about being in crowds. We have tickets and a RV spot for the Richmond NASCAR race next month. Not sure about it. We had plans for other things to do in the area so we will likely make the trip but decide on the race later.
__________________
2018 Ram 3500 Laramie CC DRW LWB 4X4 Cummins Aisin 3.73
Reese Goosebox 20K
2018 Heartland Landmark 365 Oshkosh
2008 Bigfoot 25C9.4 LB Cabover
2023 CanAm Defender SXS
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03-09-2020, 03:19 PM
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#9
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Gone Traveling
Join Date: Apr 2015
Location: United States
Posts: 171
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Quote:
Originally Posted by gearhead
Yeah I'm thinking media is responsible for this panic. After all there is an election soon. Things were rolling along pretty well.
We're undecided about being in crowds. We have tickets and a RV spot for the Richmond NASCAR race next month. Not sure about it. We had plans for other things to do in the area so we will likely make the trip but decide on the race later.
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It would be hard for me to pass on a race at Richmond. Go and have a good time.
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03-09-2020, 03:24 PM
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#10
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Gone Traveling
Join Date: Apr 2015
Location: United States
Posts: 171
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This is funny OPEC and Russia wouldn't play nice with each other. Saudi Arabia said if you don't want to cut production than we will increase ours. I guess the stock market doesn't like none of this. I sure hope the dust clears soon so we can start making money again.
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03-09-2020, 08:01 PM
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#11
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Senior Member
Join Date: May 2015
Location: Rockett, TX
Posts: 480
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Quote:
Originally Posted by +Ruff Rider
This is funny OPEC and Russia wouldn't play nice with each other. Saudi Arabia said if you don't want to cut production than we will increase ours. I guess the stock market doesn't like none of this. I sure hope the dust clears soon so we can start making money again.
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Yea, if this keeps up I may have to go back to work!
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Jerry & Debbie
with Fur Babies Sasha & Sam
2018 Alpine 3401RS
2019 Ford F350 SRW
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03-09-2020, 08:52 PM
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#12
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Site Team
Join Date: Feb 2014
Location: W. Texas
Posts: 17,677
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Come on guys! Worried about oil? Just had "my guy" put 2M into face masks and toilet paper...!! Oil? Ha!
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Danny and Susan, wife of 56 years
2019 Ram 3500 Laramie CC SWB SB 6.4 4x4 4.10
2020 Montana High Country 331RL
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03-10-2020, 08:59 AM
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#13
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Site Team
Join Date: Oct 2011
Location: Joppa, MD
Posts: 11,743
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Quote:
Originally Posted by sourdough
Come on guys! Worried about oil? Just had "my guy" put 2M into face masks and toilet paper...!! Oil? Ha!
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Better "dump" that stock (pun intended) the day they come out with an immunization. Folks will have enough stock piled that sales will "bottom" out (I know, I know) for months.
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Marshall
2012 Laredo 303 TG
2010 F250 LT Super Cab, long bed, 4X4, 6.4 Turbo Diesel
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03-10-2020, 09:11 AM
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#14
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Site Team | Emeritus
Join Date: Dec 2015
Location: Kansas City
Posts: 3,878
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So I was thinking. I know, this will be my biggest mistake. (Thanks Dad for driving this point home. RIP.) We want electric cars because they are clean and renewable. But the batteries take a lot of fossil fuel to produce and they can't be recycled. So just a different pollution. So we build a lot of windmills which are clean and renewable. But they have to be delivered by trucks which use fossil fuels and the turbines wear out. There is not a way to run the turbine generated electricity strictly to the electric cars. So that doesn't work either.
For now at least, I would hold onto my oil holdings. This is going to take a while.
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Chip Bruce, RPh
Kansas City, MO
2016 Impact 312
2017 Silverado 3500HD SRW
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03-10-2020, 09:28 AM
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#15
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Site Team
Join Date: Oct 2011
Location: Joppa, MD
Posts: 11,743
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Chip, haven;'t you installed your's yet?
__________________
Marshall
2012 Laredo 303 TG
2010 F250 LT Super Cab, long bed, 4X4, 6.4 Turbo Diesel
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03-10-2020, 09:49 AM
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#16
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Site Team | Emeritus
Join Date: Dec 2015
Location: Kansas City
Posts: 3,878
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Quote:
Originally Posted by flybouy
Chip, haven;'t you installed your's yet?
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Mine's portable and looks like this:
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Chip Bruce, RPh
Kansas City, MO
2016 Impact 312
2017 Silverado 3500HD SRW
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03-10-2020, 11:47 AM
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#17
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Site Team
Join Date: Oct 2011
Location: Joppa, MD
Posts: 11,743
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Does that come in a twin rotor configuration? I need a bit more payload these days.
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Marshall
2012 Laredo 303 TG
2010 F250 LT Super Cab, long bed, 4X4, 6.4 Turbo Diesel
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03-10-2020, 03:44 PM
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#18
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Senior Member
Join Date: Oct 2016
Location: Commerce Twp, Mi
Posts: 1,002
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__________________
TOM
2011 Chevy Silverado
1500, HD Tow Package
2017 Keystone Hideout 177LHS Carlisle Radial HDs
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03-10-2020, 08:27 PM
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#19
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Senior Member
Join Date: Nov 2017
Location: Picacho, Az
Posts: 6,809
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The sky is falling, the sky is falling,!!!!!. The end is near!
__________________
Full-timed 10+ years
Sold '13 Redwood FB
Traded '13 GMC Denali DRW D/A
Replacement undetermined
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03-11-2020, 04:11 AM
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#20
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Site Team
Join Date: Jul 2014
Location: Modesto
Posts: 20,326
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Only if you look UP.
The end: http://hmpg.net
__________________
2012 Copper Canyon 273FWRET being towed by a 1994 Ford F350 CC,LB,Dually diesel.
Airlift 5000 bags, Prodigy brake control, 5 gauges on the pillar.Used to tow a '97 Jayco 323RKS.
Now an RVIA registered tech. Retired from Law enforcement in 2008 after 25+ yrs.
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