OIl

[Alex Fraser]

I believe the break point for producing oil in the US is $40 which price 
we have been below for a while.

If you can remember back to 9/11/01 air traffic was shut down for a 
couple of days.  That shut down actually showed up in weather 
statistics.  I hope scientists somewhere are keeping track of the 
environment as this huge reduction in the production of green house 
gases could have noticeable effects.

I live in Woodbridge Virginia, a DC suburb about a 1/4 mile from 
interstate 95. It is of course subjective but I do think the air smells 
sweeter these days.

On 4/21/2020 12:33 AM, Nan and Sandy Sanders wrote:
> Bad here in what is left of the Great East Texas Oil Field. I am on 
> the north edge and the wells produce 1 bbl oil for 100 bbl salt water. 
> The wells behind my house were shut off weeks ago. I am not sure the 
> company that owns them will survive.
>      Sandy
>     WB5MMB
>
>
> At 10:39 PM 4/20/2020, lstoskopf at cox.net wrote:
>
>> Russians and Saudis having a price war.
>>
>> Virus
>>
>> No one driving or flying
>>
>> Today (or so) is last trade for the oil commodities market. Somebody 
>> took a long position and has to dump it or will get a notice asking 
>> where they want their purchase.  And everything is full.  Price of 
>> crude going up in the Fall according to futures market.
>>
>> The marginal producers here in Kansas are in deep trouble.. Cost of 
>> production in mid $30 dollar per bbl.  Wells shut down probably won't 
>> come back on stream.  This is doing exactly what the big boys want.
>>
>> Enjoy it now.
>>
>> N0UU
>>> On April 20, 2020 at 6:09 PM Alex Fraser <beatnic at comcast.net> wrote:
>>>
>>> Gas prices are under $2 a gallon.  This is pretty low I guess, but 
>>> maybe if I wait for a while they will pay me to fill up my tank?
>>>
>>> Things seem to be getting a bit bizarre....
>>
>>
>>
>>> _______________________________________________
>>> Tacos mailing list
>>> Tacos at amrad.org
>>> https://lists.amrad.org/mailman/listinfo/tacos
>>
>>
>>
>> _______________________________________________ Tacos mailing list 
>> Tacos at amrad.org https://lists.amrad.org/mailman/listinfo/tacos
>
> _______________________________________________
> Tacos mailing list
> Tacos at amrad.org
> https://lists.amrad.org/mailman/listinfo/tacos