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Negative Oil prices!!!


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Just now, Jimmy Snacks said:

11 dollars a barrel...

It’s going to 0 unless the Fed gets authorized to buy physical oil 

Basically unless the fed is buying it or people are eating it the value is 0

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1 hour ago, Anler said:

Hey remember back in 2004 when the oil companies bent us over on some fabricated "peak oil" bullshit? yeah I say fuck them. 

And we still pay a "fee" for certain products to be delivered or used as a result of that.    

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Oil is tanking right now with no demand, high production, and nowhere to store the excess.  November futures are up quite a bit by comparison to $33 but even that is historically low.  Domestic US producers have a cost of production ~$35.

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14 minutes ago, racer254 said:

I believe that WI has a total gas tax of 32.9 cents per gallon and the fed tax is 18.4 cents per gallon.  51.3 cents total tax per gallon.  So far, the cheapest I filled up for was 109.9 per gallon

I saw .99 cents here last week. 

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2 minutes ago, snopro31 said:

Trudeau is smiling currently over that

Not sure why. Low fuel prices will likely ramp up usage lol 

green energy is even dumber now 

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2 minutes ago, ACE said:

Not sure why. Low fuel prices will likely ramp up usage lol 

green energy is even dumber now 

It’s trudeau. Guy doesn’t even know if he’s got a penis or a vagina. 

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  • Trying to pay the bills, lol

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