Oil takes another nosedive

[petros]

Then again, so are all oil investors (up the bum).

http://forums.canadiancontent.net/news/157711-fossil-fuels-roar-back-world.html

Want a peanut?

 

[Danbones]

You can lead some hoerses to water but you can't make them think.

 

[petros]

Fruit is mostly water.

Want a mango flossmonkey?

 

[DaSleeper]

Poor Pete

He really does take it hard.

Then again, so are all oil investors (up the bum).

Poor Mentalfloss....to have sunk so low as to have to team up with Cannuck... sad ....real sad!

 

[mentalfloss]

There there

https://tradingeconomics.com/commodity/crude-oil

 

[petros]

That's all you've got?

 

[mentalfloss]

When you've got nothing, what more is needed?

 

[captain morgan]

You'll always have your career in high finance Flossy

 

[mentalfloss]

Yes, Ezra must be drowning in ethical oil :lol:

Down In Saudi Arabia, They're Partying Like It's 2008

 

[petros]

Yes, Ezra must be drowning in ethical oil :lol:

Down In Saudi Arabia, They're Partying Like It's 2008

Yup. They cut production again.

 

[Cannuck]

He really does take it hard.

Then again, so are all oil investors (up the bum).

My stocks are doing well. Do yourself a favour and stay out of the market

 

[mentalfloss]

All that red.


Just not profitable.

 

[petros]

Hockey stick. Runaway green cash effect.

 

[mentalfloss]

$100 per barrel needed to sustain a profitable project.

Enjoy your pennies. :lol:

 

[petros]

You're dreaming.

 

[mentalfloss]

The last 4 years were not a dream.

 

[petros]

Sorry MonkeyFloss

$26.64 is the break even point in Canada.
That's all grades and sources.

How much do you think it costs to run a jackpump?

 

[mentalfloss]

Poor, poor petros.


Canada’s oil patch booked three consecutive years of hefty losses after the oil prices crash in 2014. This year, the industry is set to post a very slim gross profit—the first profit in four years.

The industry will have its winners and laggards this year, analysts say, but as a whole, it will be a very long and very slow recovery of revenues for the Canadian oil patch.

 

[Hoid]

The only players left in Alberta are the big guys.

All the little guys are gone.

 

[mentalfloss]

You know we could actually refine our own oil instead of shipping a raw product to make more profit.


Oh wait, we can't do that because oil prices are so low that it's too ****ing expensive to build refineries.


Oh wellz.


At least petros can afford his coffee in the morning now.