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Oil market folks : slow down? #8444122
07/28/25 07:45 AM
07/28/25 07:45 AM
Joined: Jul 2013
Amite county Mississippi
Wolfdog91 Online sleepy OP
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Wolfdog91  Online Sleepy OP
trapper

Joined: Jul 2013
Amite county Mississippi
Any of you oil market gurus know what's up ? Been a lot of talk about oil industry slowing down . Well at least the refineries and customers have been cutting back. Lotta boats from different companies are getting tied up and just sitting around waiting for orders . Especially if there more niche products but even just the straight up cude oil boats are slowing down .I mean does slow up and pick up though the year but mid summer like this is usually like prime time

Last edited by Wolfdog91; 07/28/25 07:46 AM.

YouTube expert
Re: Oil market folks : slow down? [Re: Wolfdog91] #8444137
07/28/25 08:20 AM
07/28/25 08:20 AM
Joined: Dec 2006
Rodney,Ohio
SNIPERBBB Offline
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SNIPERBBB  Offline
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Joined: Dec 2006
Rodney,Ohio
california is about to go gasless if they cant find a buyer for the valero refinery there. trump just got a trade deal with the EU which should lead to more exports of oil to there.

Last edited by SNIPERBBB; 07/28/25 08:25 AM.
Re: Oil market folks : slow down? [Re: Wolfdog91] #8444145
07/28/25 08:47 AM
07/28/25 08:47 AM
Joined: May 2010
MN
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ceelmo.trap Online content
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Joined: May 2010
MN
They are to buy900 billion in energy from the USA,ship out oil and LNG less for us to use, more profits going some place, energy production controls supply,and will lead to price increases for all that use it,supply, demand, cost its all control

Re: Oil market folks : slow down? [Re: Wolfdog91] #8444485
07/28/25 06:59 PM
07/28/25 06:59 PM
Joined: Feb 2020
MT
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Slick Pan Offline
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Joined: Feb 2020
MT
We are over producing. The demand is not there. Some is the fact the economy / prices are hurting the consumer causing them to travel less. Interest rates are also causing a slowdown in the economy.

Re: Oil market folks : slow down? [Re: Wolfdog91] #8444486
07/28/25 06:59 PM
07/28/25 06:59 PM
Joined: Jul 2013
Amite county Mississippi
Wolfdog91 Online sleepy OP
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Wolfdog91  Online Sleepy OP
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Joined: Jul 2013
Amite county Mississippi
Hmmm interesting


YouTube expert
Re: Oil market folks : slow down? [Re: Wolfdog91] #8444488
07/28/25 07:04 PM
07/28/25 07:04 PM
Joined: Oct 2018
Dunbar, Wisconsin
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Pike River Offline
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Joined: Oct 2018
Dunbar, Wisconsin
We may also see a significant housing crash. Its almost an inverted bubble. We still need more housing but we're at the point that everyone that can afford one has bought one. So the demand may be about to crash which will lead to a loss in value, loss in equity and leverage.

I've been keeping on eye on the stock price of lumber company Boise Cascade and it's not looking good.

Re: Oil market folks : slow down? [Re: Wolfdog91] #8444489
07/28/25 07:07 PM
07/28/25 07:07 PM
Joined: Oct 2018
Dunbar, Wisconsin
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Dunbar, Wisconsin
[Linked Image]

Re: Oil market folks : slow down? [Re: Wolfdog91] #8444490
07/28/25 07:08 PM
07/28/25 07:08 PM
Joined: Dec 2006
Coldspring Texas
Savell Online crying
"Deputy Dog"
Savell  Online Crying
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Joined: Dec 2006
Coldspring Texas
OPEC added barrels to the market


Insert profound nonsense here
Re: Oil market folks : slow down? [Re: Wolfdog91] #8444494
07/28/25 07:29 PM
07/28/25 07:29 PM
Joined: Aug 2010
Asheville, NC
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charles Offline
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Joined: Aug 2010
Asheville, NC
The European Union just committed to buy $750 billion in LNG. That should help with oversupply.

Re: Oil market folks : slow down? [Re: Wolfdog91] #8444503
07/28/25 08:01 PM
07/28/25 08:01 PM
Joined: Dec 2006
East-Central Wisconsin
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bblwi Offline
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East-Central Wisconsin
The deal calls for $250 billion per year for the first 3 years. Last year the EU purchased 65 billion worth of the 3 sources from the USA. Sure it will go up but to go up 400% per year is dilutional for both sides. If it turns out like the $200 billion dollar energy with China that amounted to even less then what was being purchased in 2017 it will be just a chest thumping and hype deal. I doubt we even have the infrastructure to increase the amounts by 400% lest alone have the EU buy 85% of these 3 sources just from the USA. There is an oil and energy surplus currently and I don't see the Saudis or other low cost energy producing nations cutting back much if at all.

Bryce

Re: Oil market folks : slow down? [Re: Wolfdog91] #8444590
07/28/25 10:06 PM
07/28/25 10:06 PM
Joined: Nov 2023
Lake Mille Lacs , MN
2poor Offline
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2poor  Offline
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Joined: Nov 2023
Lake Mille Lacs , MN
OPEC increased production ! This administration tends to not thumb their nose at the Saudi Prince .

Bought gas in Iowa at $2.64 ,filled up today in MN at $2.75 !

Media told us for years that Presidents can’t affect gas prices. A good one can !





It’s a lazy man who can’t find his wife a second job !
Re: Oil market folks : slow down? [Re: Wolfdog91] #8444627
07/28/25 11:01 PM
07/28/25 11:01 PM
Joined: Apr 2007
ohio
Ohio Wolverine Offline
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Joined: Apr 2007
ohio
If I remember right Nixon and Killinger made a deal with OPEC in the early 1970's to buy their oil and slow our own production.
The deal I remember was that OPEC would pay 20% of their profits toward lowering our national debt!
There's a lot we have no idea that's going on.
As far as housing, it's not hard to figure out how the inflation had a lot to do with it.
Funny that certain landlords , sold all their rental properties during the last administration .
Sad that those who bought them, found out the price of housing in going down now .
Open for any ideas?


We have met the enemy and the enemy is us!
Re: Oil market folks : slow down? [Re: Wolfdog91] #8444654
07/28/25 11:51 PM
07/28/25 11:51 PM
Joined: Feb 2017
Priest River, Idaho USA
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Priest River, Idaho USA
Gas is $3.50 here. He hasn't affected ours at all, approximately same price for a year.


"They Say Nothing is Impossible,
But, I Do Nothing Every Day."
Re: Oil market folks : slow down? [Re: bblwi] #8444793
07/29/25 10:02 AM
07/29/25 10:02 AM
Joined: Dec 2010
Armpit, ak
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Dirt Offline
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Armpit, ak
Originally Posted by bblwi
The deal calls for $250 billion per year for the first 3 years. Last year the EU purchased 65 billion worth of the 3 sources from the USA. Sure it will go up but to go up 400% per year is dilutional for both sides. If it turns out like the $200 billion dollar energy with China that amounted to even less then what was being purchased in 2017 it will be just a chest thumping and hype deal. I doubt we even have the infrastructure to increase the amounts by 400% lest alone have the EU buy 85% of these 3 sources just from the USA. There is an oil and energy surplus currently and I don't see the Saudis or other low cost energy producing nations cutting back much if at all.

Bryce


But I want to believe this will happen. So it is written, so it shall be done. I like extra corn on my B.S. sandwiches.

"Putting together the value of all three energy( oil, natural gas, coal total u.s. exports) commodities gives a total of $165.8 billion, meaning that even if the EU bought the entire volume it would still fall well short of the $250 billion.
The scale of the delusion probably exceeds what Trump and China agreed in their so-called Phase 1 trade deal in December 2019, under which China was supposed to buy $200 billion of additional U.S. energy by the end of 2021.
The reality is that China never even came close to buying that level, and its imports of U.S. energy didn't even reach what they were before Trump launched his first trade war in 2017."

Reuters

Command economies. frown

Last edited by Dirt; 07/29/25 10:15 AM.

Who is John Galt?
Re: Oil market folks : slow down? [Re: Wolfdog91] #8444794
07/29/25 10:06 AM
07/29/25 10:06 AM
Joined: Feb 2011
alberta
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spjones Offline
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Joined: Feb 2011
alberta
Might be time to unleash a little more freedom on the Middle East

Re: Oil market folks : slow down? [Re: Wolfdog91] #8445036
07/29/25 06:41 PM
07/29/25 06:41 PM
Joined: Dec 2006
East-Central Wisconsin
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bblwi Offline
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East-Central Wisconsin
Saudis can produce a barrel of oil for less then $6 per barrel and Iraq is about $10. With our average cost about near 50 dollars we don't need to get into a oil war with them. We would all love to pay $2 per gallon for gas but a lot of USA wells and sand oil mining would be idled to do that.

Bryce

Re: Oil market folks : slow down? [Re: Ohio Wolverine] #8445045
07/29/25 06:50 PM
07/29/25 06:50 PM
Joined: May 2010
MN
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Steven 49er Offline
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Joined: May 2010
MN
Originally Posted by Ohio Wolverine

The deal I remember was that OPEC would pay 20% of their profits toward lowering our national debt!
?


It wasn't to lower the national debt. It was to purchase US debt aka treasuries


"Gold is money, everything else is just credit" JP Morgan
Re: Oil market folks : slow down? [Re: Wolfdog91] #8445116
07/29/25 08:46 PM
07/29/25 08:46 PM
Joined: Jul 2017
Ohio
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Willy Firewood Offline
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Ohio
We are oil and gas producers.
We want to cut or stop production to reduce supply and increase demand which would raise the price. Why should we sell a finite product at 2/3 of its value?
Consumers want oil at $60. Producers want oil at $90. We could all live with oil at $75.


FRAC LIVES MATTER
Re: Oil market folks : slow down? [Re: Willy Firewood] #8445118
07/29/25 08:47 PM
07/29/25 08:47 PM
Joined: Dec 2006
Coldspring Texas
Savell Online crying
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Joined: Dec 2006
Coldspring Texas
Originally Posted by Willy Firewood
We are oil and gas producers.
We want to cut or stop production to reduce supply and increase demand which would raise the price. Why should we sell a finite product at 2/3 of its value?
Consumers want oil at $60. Producers want oil at $90. We could all live with oil at $75.


…. Roger that

… carry on


Insert profound nonsense here
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