View Single Post
Old 03-02-2016, 11:18 AM   #1362 (permalink)
rmay635703
home of the odd vehicles
 
rmay635703's Avatar
 
Join Date: Jun 2008
Location: Somewhere in WI
Posts: 3,890

Silver - '10 Chevy Cobalt XFE
Thanks: 506
Thanked 867 Times in 654 Posts
Quote:
Originally Posted by stiletto2 View Post
And with oil hovering around $30 a barrel for a while now, it's looking like too little too late. Sure, cost of fuel will eventually climb, but I think that is going to be a while.
I would agree except that oil is an increasingly volatile commodity.

Reality is we are going to run into a hard stop soon, all the wash tubs and swimming pools are filling up with oil, soon we won't have storage, at that point oil becomes unsellable, there will be a crash a bunch of BS and rapid price fluctuations.

Meaning our low price today could become $0.59 tomorrow and $6 the next day because we are going to end up with a lot of production vanishing for about a year minimum when the stuff starts to flow on the ground and suppliers have to cap due to storage constraints.
  Reply With Quote