Re: Is crude cheap?
[Re: Foxpaw]
#8357944
03/05/25 10:24 AM
03/05/25 10:24 AM
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Joined: Dec 2006
Posts: 19,295 Rodney,Ohio
SNIPERBBB
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Joined: Dec 2006
Posts: 19,295
Rodney,Ohio
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relatively cheap. it was a lot cheaper a few years ago. Problem is refining capacity really hasnt improved since katrina. If you see diesel crashing, things arent going to be good.
Last edited by SNIPERBBB; 03/05/25 10:27 AM.
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Re: Is crude cheap?
[Re: AKAjust]
#8357947
03/05/25 10:31 AM
03/05/25 10:31 AM
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Joined: Dec 2006
Posts: 19,295 Rodney,Ohio
SNIPERBBB
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Dunno the answer to your question but I do know crude isn't just crude. Lots of the shut down wells here in the US are not sweet crude. just the price you see normally quoted for oil is WTI(texas light sweet). Brent is currently $3 more
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Re: Is crude cheap?
[Re: k9-hunter]
#8357980
03/05/25 11:24 AM
03/05/25 11:24 AM
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Joined: Aug 2012
Posts: 4,419 South Dakota
Rat Masterson
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probably isnt going down anytime in the near future with the usa buying 60% of its oil from canada and your president just slapped a 25%tarriff on it We get 60% of our imports from Canada not 60% of our usage, big difference. Also I think the tariff is 10%.
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Re: Is crude cheap?
[Re: Rat Masterson]
#8357989
03/05/25 11:36 AM
03/05/25 11:36 AM
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Joined: May 2017
Posts: 325 ontario
k9-hunter
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probably isnt going down anytime in the near future with the usa buying 60% of its oil from canada and your president just slapped a 25%tarriff on it We get 60% of our imports from Canada not 60% of our usage, big difference. Also I think the tariff is 10%. nope tarriff is 25% to Canada and Mexico 10% to china yes you are correct its import and usage is different but if your importing it your using it just saying with canada being your biggest supplier other than home produced oil that pices will eventually go up the usa produces roughly 13 million barrels a day and we ship them roughly 4.4 million barrels a day never mind what you get from mexico and middle east
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Re: Is crude cheap?
[Re: k9-hunter]
#8358069
03/05/25 01:30 PM
03/05/25 01:30 PM
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Joined: Jan 2014
Posts: 3,609 Co.-Wy. part time AK.
wy.wolfer
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probably isnt going down anytime in the near future with the usa buying 60% of its oil from canada and your president just slapped a 25%tarriff on it That was the past administrations plan to appease environmentalists, stop drilling for oil in the U.S. but don't quit burning it, or making nylon clothing ,shoes, jackets, etc. Somehow that makes sense and pleases democrat politicians? Now we just have to pay more until we reach tariff parity.
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