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Old 04-29-2020, 02:50 AM   #1
gearhead
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All you need know about rejection...

Ethane, that is.
Or, buy your propane soon.
Thinking about this a few days ago gave me a headache.
This oil bidness stuff can get complicated..
https://rbnenergy.com/one-thing-lead...nd-lpg-markets
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Old 04-29-2020, 03:02 AM   #2
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That's why propane was up at Costco $1.30 a 20# tank last week.
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Old 04-29-2020, 03:54 AM   #3
flybouy
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Our (mostly all the world) way of life is wholly dependent on theoil industry. From the chemicals used to produce nearly everything we use to the energy we use to produce, and transport everything we use. The Oil industry effects every aspect of life.
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Old 04-29-2020, 06:26 AM   #4
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Quote:
Originally Posted by flybouy View Post
Our (mostly all the world) way of life is wholly dependent on theoil industry. From the chemicals used to produce nearly everything we use to the energy we use to produce, and transport everything we use. The Oil industry effects every aspect of life.

You’re right about that for sure!
Everything that’s plastic also comes in part from oil or natural gas.

I hate to see the price go back up but It needs to get back over $50 a barrel for the oil industry to be healthy. There will be a big shake up as a lot of stuff like cars convert away from oil to electric but it’s not that time yet.
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Old 04-29-2020, 06:26 PM   #5
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There's a lot hinged on oil. Plastics, fertilizers, pesticides, herbicides, paints, epoxies, etc. If oil drilling stops, and it will, nat gas production will fall. Prices will rise on products from nat gas.
I'm thinking we will see a big shake up in the industry. Companies will fail, some will merge, and some will be bought. The investment bankers and Wall Sreet will be busy. I'm thinking some of those smaller shale producers will disappear.
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