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| 04-20-2020, 06:08 PM | #23 | |
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Major General
 
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Drives: 2019 M2 Competition
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Location: Orange County, CA
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| 04-20-2020, 06:26 PM | #24 |
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Lieutenant
 
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It’s negative now, does this mean gas stations will pay me to pump gas lol
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2018 F80 M3 6MT///Black Sapphire w/ Sakhir Orange Leather
2006 S2000 AP2 Laguna Blue Pearl 6MT |
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DocL2155.00 Littlebear3467.00 |
| 04-20-2020, 06:47 PM | #25 | |
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Recovering Perfectionist
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Currently BMW-less.
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| 04-20-2020, 08:16 PM | #26 |
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I'll get back to you
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Still $215 a gallon here
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2018 Stinger GT
2009 E90 N51 /Active Autowerke Stage 2 tune/BMW Performance Exhaust/ Countermeasure enthusiast.  |
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infinitekidM2C4301.00 |
| 04-20-2020, 08:27 PM | #27 |
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Colonel
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Went as low as negative $32. Means very little fundamentally. Out months are in the $30's. Means a lot if you hold some May WTI.
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E82 - BMWP Springs / Koni Yellows / M front control arms / Adjustable front endlinks / M rear guide rods / Whiteline Poly RSFB
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| 04-20-2020, 08:29 PM | #28 |
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Captain
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Yet I'll still have to pay a "fuel surcharge" to that shitfuck Stericycle company that picks up my biohazard waste. They've been doing it since the prices went sky high and never lowered it once prices settled down a few years ago.
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2018 F80 M3. YMB/BLK. ZCP. Three Pedals.
"Education will never be as expensive as ignorance." |
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vreihen1623521.50 |
| 04-21-2020, 01:52 AM | #29 |
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i'm just saying
6215
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went above $1 again..
that was a historical moments we all witnessed..
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"Race car driving is like sex. All guys think they're good at it." Jay Leno
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| 04-21-2020, 08:27 AM | #30 |
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I'll get back to you
7524
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should i buy 55 gallon drums and fill them up?
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2018 Stinger GT
2009 E90 N51 /Active Autowerke Stage 2 tune/BMW Performance Exhaust/ Countermeasure enthusiast. |
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| 04-21-2020, 08:52 AM | #31 | |||
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Reclaiming My Time!
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| 04-21-2020, 09:36 AM | #32 | |
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2021 X3 M40i
1974 2002tii, Inka, 5 sp manual BMWCCA # 327475  |
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| 04-21-2020, 11:15 AM | #33 |
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Most shale drillers need around $45/barrel to make a profit, but all depends upon the cost associated with the drilling and completion of each well. Also need to factor in the LOE (lease operating expense) along with G&A. $40 is an avg. breakeven price. a $2 16oz bottle of water translates into a $672 barrel of bottled water. Most shale/horizontal wells drilled today cost about $8MM - $10MM to drill and compete depending upon the basin.
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| 04-21-2020, 11:28 AM | #34 |
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Brigadier General
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^ This is all true... but what is happening in the futures markets is something different. E&P companies have been cutting capex in reaction to the drop in oil prices that started in March. They can't make money at these prices and are reacting appropriately though too late for some to survive.
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2021 X3 M40i
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