Oil Prices
#6784826
02/27/20 10:58 AM
02/27/20 10:58 AM
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Joined: Apr 2014
Posts: 7,084 MO
cfowler
OP
trapper
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OP
trapper
Joined: Apr 2014
Posts: 7,084
MO
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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~
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Re: Oil Prices
[Re: cfowler]
#6784829
02/27/20 11:05 AM
02/27/20 11:05 AM
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Joined: Dec 2010
Posts: 34,928 Central, SD
Law Dog
trapper
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trapper
Joined: Dec 2010
Posts: 34,928
Central, SD
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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
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Re: Oil Prices
[Re: cfowler]
#6784867
02/27/20 11:31 AM
02/27/20 11:31 AM
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Joined: Apr 2014
Posts: 7,084 MO
cfowler
OP
trapper
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OP
trapper
Joined: Apr 2014
Posts: 7,084
MO
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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~
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Re: Oil Prices
[Re: cfowler]
#6784868
02/27/20 11:33 AM
02/27/20 11:33 AM
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Joined: Jun 2010
Posts: 16,382 Iowa
~ADC~
The Count
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The Count
Joined: Jun 2010
Posts: 16,382
Iowa
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Re: Oil Prices
[Re: Trapper7]
#6784931
02/27/20 12:25 PM
02/27/20 12:25 PM
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Joined: Jan 2014
Posts: 17,740 Central Oregon
AntiGov
trapper
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trapper
Joined: Jan 2014
Posts: 17,740
Central Oregon
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Surprised they haven't said increased prices due to the coronavirus. X2
Report a post club - Non member
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Re: Oil Prices
[Re: Trapper7]
#6784976
02/27/20 01:01 PM
02/27/20 01:01 PM
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Joined: Mar 2007
Posts: 35,176 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,176
McGrath, AK
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Surprised they haven't said increased prices due to the coronavirus. 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
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Re: Oil Prices
[Re: cfowler]
#6784990
02/27/20 01:14 PM
02/27/20 01:14 PM
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Joined: Dec 2008
Posts: 3,474 MN
walleye101
trapper
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trapper
Joined: Dec 2008
Posts: 3,474
MN
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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.
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Re: Oil Prices
[Re: walleye101]
#6785044
02/27/20 02:18 PM
02/27/20 02:18 PM
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Joined: Apr 2014
Posts: 7,084 MO
cfowler
OP
trapper
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OP
trapper
Joined: Apr 2014
Posts: 7,084
MO
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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!
I trap for fun. I skin 'em for the money! Grinners For Life-Lifetime Member, MO Chapter, Den #1 ~You Grin, You're In~
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Re: Oil Prices
[Re: cfowler]
#6785676
02/27/20 11:08 PM
02/27/20 11:08 PM
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Joined: Nov 2007
Posts: 898 N. W. MISSOURI
TRAPPER-ED
trapper
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trapper
Joined: Nov 2007
Posts: 898
N. W. MISSOURI
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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.
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Re: Oil Prices
[Re: white17]
#6785696
02/27/20 11:28 PM
02/27/20 11:28 PM
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Joined: Sep 2013
Posts: 10,404 Northeast Oklahoma
Mike in A-town
trapper
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trapper
Joined: Sep 2013
Posts: 10,404
Northeast Oklahoma
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Surprised they haven't said increased prices due to the coronavirus. 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
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Re: Oil Prices
[Re: cfowler]
#6785726
02/27/20 11:52 PM
02/27/20 11:52 PM
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Joined: Dec 2006
Posts: 5,276 Lakeland,Minnesota
Bogmaster
trapper
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trapper
Joined: Dec 2006
Posts: 5,276
Lakeland,Minnesota
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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
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Re: Oil Prices
[Re: cfowler]
#6785732
02/27/20 11:59 PM
02/27/20 11:59 PM
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Joined: Dec 2011
Posts: 10,404 MT
snowy
trapper
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trapper
Joined: Dec 2011
Posts: 10,404
MT
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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
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Re: Oil Prices
[Re: snowy]
#6786152
02/28/20 12:12 PM
02/28/20 12:12 PM
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Joined: Dec 2013
Posts: 14,869 Greene County,Virginia
run
trapper
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trapper
Joined: Dec 2013
Posts: 14,869
Greene County,Virginia
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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.
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