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| Economy |
| U.S. crude falls below $15 a barrel, down more than 20% |
| 2020-04-20 |
[PUBLISH.TWITTER]
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| Posted by:Fred |
| #17 Will be again |
| Posted by: Uncle Carl I. 2020-04-20 23:56 |
| #16 Amazing that barely two months ago $OXY was above $42. |
| Posted by: Clem 2020-04-20 23:44 |
| #15 $OXY if it drops below $10 => buy Uncle Carl agrees |
| Posted by: Lex 2020-04-20 23:38 |
| #14 Of course the 1965 dollar would have been worth substantially more than today's 2020 dollar. I recollect a Mercedes was about $5000. Gas 25 cents and a pack of Luckies the same. |
| Posted by: KBK 2020-04-20 23:19 |
| #13 Buy signal indeed Lock n' load |
| Posted by: Lex 2020-04-20 22:06 |
| #12 Might be a good time to buy some more stock :) |
| Posted by: bbrewer126 2020-04-20 20:13 |
| #11 Old closed = Oil closed |
| Posted by: Gromolet Craiting5425 2020-04-20 17:33 |
| #10 Old closed today (as of 4:59PM ET) at (minus) -$13.1000 for a change of -$31.3700. Hit as low as -$40/barrel. |
| Posted by: Gromolet Craiting5425 2020-04-20 17:33 |
| #9 What we really need is a Manhattan style cold fusion project. |
| Posted by: Woodrow 2020-04-20 12:29 |
| #8 Are frackers and other oil field workers allowed to work? Or are they nonessential, since you don't need to drive anywhere anymore? |
| Posted by: Bobby 2020-04-20 11:49 |
| #7 For your consideration. |
| Posted by: Procopius2k 2020-04-20 08:46 |
| #6 As a student in Peoria Ill in '68 there was a gas war among the local stations. Filled my tank for .19 a gallon. those were the days...... |
| Posted by: AlanC 2020-04-20 07:35 |
| #5 /\ On June 5, 1933 FDR takes United States off gold standard. |
| Posted by: Besoeker 2020-04-20 06:47 |
| #4 #1 and the dime, quarter, fifty cent piece and (coin) dollar were all made of silver back in them days. When you print money without backing, the economist call the raise in prices 'inflation'. The old term used was debasing the currency, which is reflected in our hard coin currency as now it is composed of base metals. Inflation sounds magical, debasing sounds corrupt (and it ultimately is). Commodities general stay relative to each other outside of major finds or technological applications that substantially increase its availability. |
| Posted by: Procopius2k 2020-04-20 06:41 |
| #3 Do we all get a brown leather bomber jacket when they pass the next stimulus bill with a mission accomplished patch? |
| Posted by: Kojo de Medici4793 2020-04-20 06:27 |
| #2 IMO, the same principle as with Chinese imports applies here. |
| Posted by: g(r)omgoru 2020-04-20 02:43 |
| #1 It was $ 3.75 per barrel in 1965. Drillers were still making money. Of course the 1965 dollar would have been worth substantially more than today's 2020 dollar. Price wars in the 60's were driving a gallon of regular gasoline into the .24 cents per gallon range, and lower. |
| Posted by: Besoeker 2020-04-20 02:33 |