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Oil Prices #6784826
02/27/20 10:58 AM
02/27/20 10:58 AM
Joined: Apr 2014
Posts: 7,081
MO
cfowler Offline OP
trapper
cfowler  Offline OP
trapper

Joined: Apr 2014
Posts: 7,081
MO
Oil prices are dropping into territory we haven't seen in a while. Oil prices have been an indicator where the wild fur market is concerned, as the price generally equates to how economies throughout the world are functioning. Falling prices means there's less "function" in those economies. Lower prices are nice at the pump, but they tend to drag the price of fur down. In the current world situation, oil prices are falling as a result of cuts in production and the movement of those goods throughout the world. The prices received at earlier fur pick-ups and sales won't hold in these market conditions. Unfortunate, but none-the-less true, IMO. The good news is, markets can change quickly, so there's always hope.


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Oil Prices [Re: cfowler] #6784829
02/27/20 11:05 AM
02/27/20 11:05 AM
Joined: Dec 2010
Posts: 34,755
Central, SD
Law Dog Offline
trapper
Law Dog  Offline
trapper

Joined: Dec 2010
Posts: 34,755
Central, SD
2 refinery fires this month one was LP it seems like prices get low it’s time for a fire or repairs that bring the prices up.


Was born in a Big City Will die in the Country OK with that!

Jerry Herbst
Re: Oil Prices [Re: cfowler] #6784867
02/27/20 11:31 AM
02/27/20 11:31 AM
Joined: Apr 2014
Posts: 7,081
MO
cfowler Offline OP
trapper
cfowler  Offline OP
trapper

Joined: Apr 2014
Posts: 7,081
MO
Historically, the markets "fluctuate" during election years. As we headed into this election season, the corona virus appeared. Unlike other controllable factors of the past, this event is unprecedented, in that world economies have become intertwined in a way that makes them dependent on each other's ability to function. Economies functions from the flow of goods, ideas, people, etc. Something has to move. Stagnant money doesn't grow. Oil is the basis of many economies, if not all. It's used in moving products, product manufacture, and in the products themselves. The fall of oil prices and consumption is going to have an impact on the world's economy, ours included. I'm not saying the sky is falling...I'm just saying...head's up...be aware.

Look at China for instance. Yesterday they announced, in-country flights are $4. Imagine that. Go take a flight from NY to LA for $4. Things are slowing down a bit. May take them a few days to get back up to speed.


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Oil Prices [Re: cfowler] #6784868
02/27/20 11:33 AM
02/27/20 11:33 AM
Joined: Jun 2010
Posts: 16,257
Iowa
~ADC~ Offline
The Count
~ADC~  Offline
The Count

Joined: Jun 2010
Posts: 16,257
Iowa
I'll take the cheap gas.

Re: Oil Prices [Re: cfowler] #6784915
02/27/20 12:02 PM
02/27/20 12:02 PM
Joined: Dec 2006
Posts: 15,586
MN, Land of 10,000 Lakes
T
Trapper7 Offline
trapper
Trapper7  Offline
trapper
T

Joined: Dec 2006
Posts: 15,586
MN, Land of 10,000 Lakes
Surprised they haven't said increased prices due to the coronavirus. crazy


I don't care how nice the hand soap smells, you should never walk out of the restroom sniffing your fingers.
Re: Oil Prices [Re: Trapper7] #6784931
02/27/20 12:25 PM
02/27/20 12:25 PM
Joined: Jan 2014
Posts: 17,692
Central Oregon
AntiGov Offline
trapper
AntiGov  Offline
trapper

Joined: Jan 2014
Posts: 17,692
Central Oregon
Originally Posted by Trapper7
Surprised they haven't said increased prices due to the coronavirus. crazy

X2


Report a post club - Non member


Re: Oil Prices [Re: ~ADC~] #6784970
02/27/20 12:56 PM
02/27/20 12:56 PM
Joined: Dec 2006
Posts: 1,804
Waldo, OH
H
hogwild Offline
trapper
hogwild  Offline
trapper
H

Joined: Dec 2006
Posts: 1,804
Waldo, OH
Originally Posted by ~ADC~
I'll take the cheap gas.

Same here. I filled up for $2.10 last evening.

Re: Oil Prices [Re: cfowler] #6784975
02/27/20 01:00 PM
02/27/20 01:00 PM
Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
R
run Offline
trapper
run  Offline
trapper
R

Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
I have not been following crude oil prices. But my gas price is $2.25 and up for ethanol gas.


wanna be goat farmer.
Re: Oil Prices [Re: Trapper7] #6784976
02/27/20 01:01 PM
02/27/20 01:01 PM
Joined: Mar 2007
Posts: 35,124
McGrath, AK
W
white17 Online content

"General (Mr.Sunshine) Washington"
white17  Online Content

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,124
McGrath, AK
Originally Posted by Trapper7
Surprised they haven't said increased prices due to the coronavirus. crazy



That could actually happen........and it would make perfect sense.

As demand for oil continues to drop, the price of crude will drop. Companies will stop drilling and production will fall...........driving the prices back up. Rinse & repeat.

OPEC is going to have to make further cuts in production just to support prices......but will Russia cooperate ? Probably not. Russia would love to drive the price down low enough to bankrupt a lot of US shale producers.


Mean As Nails
Re: Oil Prices [Re: cfowler] #6784990
02/27/20 01:14 PM
02/27/20 01:14 PM
Joined: Dec 2008
Posts: 3,452
MN
W
walleye101 Offline
trapper
walleye101  Offline
trapper
W

Joined: Dec 2008
Posts: 3,452
MN
Originally Posted by cfowler
The good news is, markets can change quickly, so there's always hope.



With hope in one hand and a quarter in the other you can't get a cup of coffee.

Re: Oil Prices [Re: walleye101] #6785044
02/27/20 02:18 PM
02/27/20 02:18 PM
Joined: Apr 2014
Posts: 7,081
MO
cfowler Offline OP
trapper
cfowler  Offline OP
trapper

Joined: Apr 2014
Posts: 7,081
MO
Originally Posted by walleye101
Originally Posted by cfowler
The good news is, markets can change quickly, so there's always hope.



With hope in one hand and a quarter in the other you can't get a cup of coffee.

You're such a rationalist! laugh


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Oil Prices [Re: ~ADC~] #6785159
02/27/20 03:51 PM
02/27/20 03:51 PM
Joined: Dec 2006
Posts: 62,658
Minnesota
330-Trapper Offline

trapper
330-Trapper  Offline

trapper

Joined: Dec 2006
Posts: 62,658
Minnesota
Originally Posted by ~ADC~
I'll take the cheap gas.

Me too!!


NRA and NTA Life Member
www.BackroadsRevised@etsy.com




Re: Oil Prices [Re: cfowler] #6785676
02/27/20 11:08 PM
02/27/20 11:08 PM
Joined: Nov 2007
Posts: 898
N. W. MISSOURI
T
TRAPPER-ED Offline
trapper
TRAPPER-ED  Offline
trapper
T

Joined: Nov 2007
Posts: 898
N. W. MISSOURI
oil $46.38 a barrow , I like cheap gas sure helps me out running my tree service business last year I spent for gas a few repairs over $17k, I know its not much help on the fur price , but I will take it.


50 + years of trapping & some fur buying and i still know nothing.
Re: Oil Prices [Re: ~ADC~] #6785681
02/27/20 11:14 PM
02/27/20 11:14 PM
Joined: Jan 2008
Posts: 3,001
USA MN
Snowpa Offline
trapper
Snowpa  Offline
trapper

Joined: Jan 2008
Posts: 3,001
USA MN
Originally Posted by ~ADC~
I'll take the cheap gas.

X 2


Never Confuse Stupid With Crazy
Re: Oil Prices [Re: white17] #6785696
02/27/20 11:28 PM
02/27/20 11:28 PM
Joined: Sep 2013
Posts: 10,404
Northeast Oklahoma
M
Mike in A-town Offline
trapper
Mike in A-town  Offline
trapper
M

Joined: Sep 2013
Posts: 10,404
Northeast Oklahoma
Originally Posted by white17
Originally Posted by Trapper7
Surprised they haven't said increased prices due to the coronavirus. crazy



That could actually happen........and it would make perfect sense.

As demand for oil continues to drop, the price of crude will drop. Companies will stop drilling and production will fall...........driving the prices back up. Rinse & repeat.

OPEC is going to have to make further cuts in production just to support prices......but will Russia cooperate ? Probably not. Russia would love to drive the price down low enough to bankrupt a lot of US shale producers.


Which, to me, is only a short term strategy... Once prices go back up there will be producers willing to drill again and it starts over.

Mike


One man with a gun may control 100 others who have none.

Vladimir Lenin
Re: Oil Prices [Re: cfowler] #6785726
02/27/20 11:52 PM
02/27/20 11:52 PM
Joined: Dec 2006
Posts: 5,263
Lakeland,Minnesota
B
Bogmaster Offline
trapper
Bogmaster  Offline
trapper
B

Joined: Dec 2006
Posts: 5,263
Lakeland,Minnesota
Gas went up 12 cents a gallon in Hudson Wi. today.we on the MN. side were still at$2.39 a gallon. Looks like it is going in the wrong direction.
Tom


If my feet aren't wet,I must not be trapping.
Tom Olson
MTA life member#100,also WTA life member
Re: Oil Prices [Re: cfowler] #6785732
02/27/20 11:59 PM
02/27/20 11:59 PM
Joined: Dec 2011
Posts: 10,308
MT
S
snowy Offline
trapper
snowy  Offline
trapper
S

Joined: Dec 2011
Posts: 10,308
MT
Big oil will find a way to raise prices just give them time. They will shut down refineries or say there is a shortage and burn down refinery or say they aren't making their billions to raise oil prices. They will manufacture oil prices to rise in short order if it stays low for long.

Oil companies are the biggest crooks of this world and got Gov right where they want them.

Last edited by snowy; 02/28/20 12:00 AM.

Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
Re: Oil Prices [Re: snowy] #6786152
02/28/20 12:12 PM
02/28/20 12:12 PM
Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
R
run Offline
trapper
run  Offline
trapper
R

Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
Originally Posted by snowy
Big oil will find a way to raise prices just give them time. They will shut down refineries or say there is a shortage and burn down refinery or say they aren't making their billions to raise oil prices. They will manufacture oil prices to rise in short order if it stays low for long.

Oil companies are the biggest crooks of this world and got Gov right where they want them.

I agree with you. It all started with the prohibition era - before that people made their own fuel from corn.


wanna be goat farmer.
Re: Oil Prices [Re: cfowler] #6786162
02/28/20 12:25 PM
02/28/20 12:25 PM
Joined: Mar 2007
Posts: 35,124
McGrath, AK
W
white17 Online content

"General (Mr.Sunshine) Washington"
white17  Online Content

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,124
McGrath, AK
So if oil companies have the ability to manipulate prices.................why don't they just keep it at the price that maximizes their profit ?


Mean As Nails
Re: Oil Prices [Re: white17] #6786187
02/28/20 12:37 PM
02/28/20 12:37 PM
Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
Commodities like corn and even soybeans are more correlated to oil prices than fur is. Yes we are seeing some real lulls in those markets as well. Worldwide usage is slowing and in some places imports are on hold. It could be a low cost year for US farmers to buy nitrogen fertilizer and other inputs like chemicals and any fuel related input. That may trigger even more planting of corn. The big issue will be weather. The earlier the spring the more corn that gets planted. There are some areas of the major corn belt region that are looking like a drier than normal late spring and early summer. We will see how that rolls out.

Bryce

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