Danger-Mouse Posted April 20, 2020 Report Share Posted April 20, 2020 The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May. https://www.bbc.co.uk/news/business-52350082 Quote Link to comment Share on other sites More sharing options...
Tedward Posted April 20, 2020 Report Share Posted April 20, 2020 Free petrol at the pumps next week then ! Quote Link to comment Share on other sites More sharing options...
figgy Posted April 20, 2020 Report Share Posted April 20, 2020 I'm sure I could build something to store some diesel when they pay me to take some. Quote Link to comment Share on other sites More sharing options...
Jaymo Posted April 20, 2020 Report Share Posted April 20, 2020 Price of crude, still cost to further refine- transport and distribute. Dont think we will be seeing free fuel just yet!!! Quote Link to comment Share on other sites More sharing options...
Donkey Posted April 20, 2020 Report Share Posted April 20, 2020 Much cheaper than beer Quote Link to comment Share on other sites More sharing options...
Little dog Posted April 20, 2020 Report Share Posted April 20, 2020 Heating oil 23 pence per litre Quote Link to comment Share on other sites More sharing options...
Raja Clavata Posted April 20, 2020 Report Share Posted April 20, 2020 Just now, Donkey said: Much cheaper than beer Don't get me started 😉 Quote Link to comment Share on other sites More sharing options...
Old farrier Posted April 20, 2020 Report Share Posted April 20, 2020 So if I had a million barrels would they throw in a tanker bulk buying or can I get on for 30000000 dollars Quote Link to comment Share on other sites More sharing options...
Mungler Posted April 20, 2020 Report Share Posted April 20, 2020 Now is the time to let wee Jimmy Crankie have her referendum vote. Quote Link to comment Share on other sites More sharing options...
Danger-Mouse Posted April 20, 2020 Author Report Share Posted April 20, 2020 49 minutes ago, Mungler said: Now is the time to let wee Jimmy Crankie have her referendum vote. Great call! Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted April 20, 2020 Report Share Posted April 20, 2020 hello, will we see a big drop in petrol prices? Quote Link to comment Share on other sites More sharing options...
bigmcg Posted April 21, 2020 Report Share Posted April 21, 2020 10 hours ago, oldypigeonpopper said: hello, will we see a big drop in petrol prices? I’d guess not, as the main cost of fuel prices in this country is tax I’d be surprised if they went much lower than they are. on the bright side heating oil prices are also well down 👍 Quote Link to comment Share on other sites More sharing options...
Smokersmith Posted April 21, 2020 Report Share Posted April 21, 2020 10 hours ago, oldypigeonpopper said: hello, will we see a big drop in petrol prices? Our supply comes from a different region, with more storage reserves etc. Did manage to get 1000 litres of heating oil for the price of 1000 clay carts yesterday though !! Quote Link to comment Share on other sites More sharing options...
wymberley Posted April 21, 2020 Report Share Posted April 21, 2020 Am I right in thinking/remembering correctly that our North Sea oil is of a high quality such that it is not used for fuel but for lubrication, etc, type purposes? Mind you, I wouldn't be surprised if that was a story put out by the government in order to stop us expecting a reduction in fuel prices once the local fields were discovered. I was Elgin way when this all kicked off and seem to remember that this was said about the quality. Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted April 21, 2020 Report Share Posted April 21, 2020 50 minutes ago, Smokersmith said: Our supply comes from a different region, with more storage reserves etc. Did manage to get 1000 litres of heating oil for the price of 1000 clay carts yesterday though !! hello, ok did not know that but anyway i bet you were pleased with that deal on heating oil Quote Link to comment Share on other sites More sharing options...
blackbird Posted April 21, 2020 Report Share Posted April 21, 2020 (edited) 11 hours ago, oldypigeonpopper said: hello, will we see a big drop in petrol prices? You will see a drop in your pension it’s important to look at the long term impact some economic expert was on about it yesterday on the radio Edited April 21, 2020 by blackbird Quote Link to comment Share on other sites More sharing options...
Muddy Funker Posted April 21, 2020 Report Share Posted April 21, 2020 1 hour ago, Smokersmith said: Our supply comes from a different region, with more storage reserves etc. Did manage to get 1000 litres of heating oil for the price of 1000 clay carts yesterday though !! Heating oil price recently was amazing. We got 500L at £180 a while back and thought that was amazing. It's normally what around £250? Then checked a couple of weeks back and it went down to £150, so we bought another 500. Awesome. Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted April 21, 2020 Report Share Posted April 21, 2020 3 minutes ago, blackbird said: You will see a drop in your pension it’s important to look at the long term impact some economic expert was on about it yesterday on the radio hello, all ready seeing that with interest rates 3 minutes ago, Muddy Funker said: Heating oil price recently was amazing. We got 500L at £180 a while back and thought that was amazing. It's normally what around £250? Then checked a couple of weeks back and it went down to £150, so we bought another 500. Awesome. hello, oh i would get another tank with those prices, Quote Link to comment Share on other sites More sharing options...
Hamster Posted April 21, 2020 Report Share Posted April 21, 2020 Soooo much winning. Quote Link to comment Share on other sites More sharing options...
oowee Posted April 21, 2020 Report Share Posted April 21, 2020 Gutted as i paid 45p a litre for 1500 litres, maybe a month ago. Quote Link to comment Share on other sites More sharing options...
Retsdon Posted April 21, 2020 Report Share Posted April 21, 2020 4 hours ago, Hamster said: Soooo much winning. There's always a happy face somewhere .... https://www.tradingview.com/chart/atdznxdw/ Quote Link to comment Share on other sites More sharing options...
Pistol p Posted April 21, 2020 Report Share Posted April 21, 2020 I’m broken hearted for the poor fuel industry. Not. Quote Link to comment Share on other sites More sharing options...
NoBodyImportant Posted April 21, 2020 Report Share Posted April 21, 2020 I’m already seeing $75,000 pickups truck, bass boats, and campers setting on the trade lots. Heck, I bought 8 guns from pawn shops in the last 3 weeks. 4 guns yesterday. I hate to see people suffer but I see it to often. Guys go to the oil fields and make $50-$75 per hour starting out. But they don’t save any. They buy a new truck, boat, camper, guns, ATV, get a over weight waitress pregnant. Then bam! No work. Then I come along and pay 50 cent on the dollar for all cool stuff. Quote Link to comment Share on other sites More sharing options...
Surfer Posted April 21, 2020 Report Share Posted April 21, 2020 5 minutes ago, NoBodyImportant said: I’m already seeing $75,000 pickups truck, bass boats, and campers setting on the trade lots. Heck, I bought 8 guns from pawn shops in the last 3 weeks. 4 guns yesterday. I hate to see people suffer but I see it to often. Guys go to the oil fields and make $50-$75 per hour starting out. But they don’t save any. They buy a new truck, boat, camper, guns, ATV, get a over weight waitress pregnant. Then bam! No work. Then I come along and pay 50 cent on the dollar for all cool stuff. Yeah we call it feast and famine, gotta have a bit put aside for the famine side of it Quote Link to comment Share on other sites More sharing options...
PPP Posted April 22, 2020 Report Share Posted April 22, 2020 On 20/04/2020 at 21:39, Mungler said: Now is the time to let wee Jimmy Crankie have her referendum vote. Terrible idea, it may make them vote to remain 😀 Quote Link to comment Share on other sites More sharing options...
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