468,933
01-27-2021, 10:24 AM
#11
Gets Weekends Off
Joined APC: Jul 2014
Posts: 261
Originally Posted by BrazilBusDriver
You do realize that energy prices are tied to market outlooks, right? And if the economy were collapsing energy prices would necessarily decrease as demand cratered, correct?
Option B is the producer selling at some loss as its better to price a loss than go completely without. However, the risk of this pretty apparent.
01-27-2021, 10:51 AM
#12
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,416
Might have something to do with the new requirement to have a negative COVID test to enter the country... FWIW per another thread in the major section, the current administration is considering requiring a negative COVID test for domestic travel as well. If that happens I think we will see April 2020 all over again
01-27-2021, 10:58 AM
#13
Banned
Joined APC: Jul 2018
Position: ATP
Posts: 261
Originally Posted by Gone Flying
Might have something to do with the new requirement to have a negative COVID test to enter the country... FWIW per another thread in the major section, the current administration is considering requiring a negative COVID test for domestic travel as well. If that happens I think we will see April 2020 all over again
Spot on. We are going to see several airline bankruptcies and closures in the near term. Your average American won't tolerate this as the "new normal". But then again, this isn't about covid, it's about a Great Reset, "We have a chance to reset the global environment like no other time in history". John Kerry - Climate Czar Biden Administration.
Prepare for our industry to be decimated.
01-27-2021, 02:59 PM
#14
Gets Weekends Off
Joined APC: Aug 2009
Posts: 511
Originally Posted by captive apple
Do you have a link to an article? Or chart? I remember prices popping with the rest of the bubbles in late 2008.
Prices were high at the pump in 2010 and 2011, but that was after the recession was officially over.
In the current situation we have an over supply in fuel which threatens to shut down already dug wells. The industry needs more consumption, not exploration.
I get a kick out of Americans talking about American energy independence via oil from Al Berta.
Prices were high at the pump in 2010 and 2011, but that was after the recession was officially over.
In the current situation we have an over supply in fuel which threatens to shut down already dug wells. The industry needs more consumption, not exploration.
I get a kick out of Americans talking about American energy independence via oil from Al Berta.
Year Retail Gasoline / Price (Current dollars/gallon) / Retail Gasoline Price (Constant 2015 dollars/gallon)
2007 2.80 3.16
2008 3.27 3.61
2009 2.35 2.58
2010 2.79 3.02
01-27-2021, 03:43 PM
#15
Gets Weekends Off
Joined APC: Dec 2019
Posts: 476
Originally Posted by WhiskyWhisky
https://www.foxnews.com/politics/bid...-official-says
Spot on. We are going to see several airline bankruptcies and closures in the near term. Your average American won't tolerate this as the "new normal". But then again, this isn't about covid, it's about a Great Reset, "We have a chance to reset the global environment like no other time in history". John Kerry - Climate Czar Biden Administration.
Prepare for our industry to be decimated.
Spot on. We are going to see several airline bankruptcies and closures in the near term. Your average American won't tolerate this as the "new normal". But then again, this isn't about covid, it's about a Great Reset, "We have a chance to reset the global environment like no other time in history". John Kerry - Climate Czar Biden Administration.
Prepare for our industry to be decimated.
01-27-2021, 03:44 PM
#16
Gets Weekends Off
Joined APC: Jan 2019
Posts: 1,130
Originally Posted by jacburn
https://www.google.com/search?q=2008...hrome&ie=UTF-8
Year Retail Gasoline / Price (Current dollars/gallon) / Retail Gasoline Price (Constant 2015 dollars/gallon)
2007 2.80 3.16
2008 3.27 3.61
2009 2.35 2.58
2010 2.79 3.02
Year Retail Gasoline / Price (Current dollars/gallon) / Retail Gasoline Price (Constant 2015 dollars/gallon)
2007 2.80 3.16
2008 3.27 3.61
2009 2.35 2.58
2010 2.79 3.02
01-28-2021, 07:54 AM
#17
Gets Weekends Off
Joined APC: Oct 2019
Posts: 1,280
Originally Posted by captive apple
Dude, give it up, oil crashed with the rest of the economy. 2008 was also the highest of the highs (bubble) so yes the YEARLY average is high but it did crash with a glut of supply and lowered demand.
