OIl

[Nan and Sandy Sanders]

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....
>
>
>
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