Comments on: Oil Prices Go Negative. But What About Gas Prices? http://www.northescambia.com/2020/04/oil-prices-go-negative-but-what-about-gas-prices Local News for Molino, Bratt, McDavid, Century, Walnut Hill, Cantonment Mon, 20 Apr 2026 13:31:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: David Huie Green http://www.northescambia.com/2020/04/oil-prices-go-negative-but-what-about-gas-prices/comment-page-1#comment-413240 David Huie Green Sat, 25 Apr 2020 03:06:27 +0000 http://www.northescambia.com/?p=400169#comment-413240 REGARDING: "CRUDE AND COAL FOREVER !!!!" I like trees. Planted a bunch of chestnut trees...or at least moved the seedlings to grow in pretty rows. Don't hug them, though. My squirrels like them...pr am I their human? (We need to genetically reengineer chestnuts to do away with the burrs, though....and the tassel smells.) Still, nuclear is way safer than coal. David for fast nuclear with pyrometallurgical reprocessing REGARDING:
“CRUDE AND COAL FOREVER !!!!”

I like trees. Planted a bunch of chestnut trees…or at least moved the seedlings to grow in pretty rows. Don’t hug them, though. My squirrels like them…pr am I their human?
(We need to genetically reengineer chestnuts to do away with the burrs, though….and the tassel smells.)

Still, nuclear is way safer than coal.

David for fast nuclear with pyrometallurgical reprocessing

]]> By: BRING IT ON http://www.northescambia.com/2020/04/oil-prices-go-negative-but-what-about-gas-prices/comment-page-1#comment-413080 BRING IT ON Thu, 23 Apr 2020 05:37:04 +0000 http://www.northescambia.com/?p=400169#comment-413080 All you tree huggers are loving this. As for me I can't wait til they fire those refineries up. I love the smell of crude in the morning, it smells like an economical comeback. CRUDE AND COAL FOREVER !!!! All you tree huggers are loving this. As for me I can’t wait til they fire those refineries up. I love the smell of crude in the morning, it smells like an economical comeback.
CRUDE AND COAL FOREVER !!!!

]]> By: Stephen http://www.northescambia.com/2020/04/oil-prices-go-negative-but-what-about-gas-prices/comment-page-1#comment-413035 Stephen Wed, 22 Apr 2020 21:53:39 +0000 http://www.northescambia.com/?p=400169#comment-413035 Good then there is no need to keep drilling it. Move on and let the dinosaur die. Good then there is no need to keep drilling it. Move on and let the dinosaur die.

]]> By: ROBERT http://www.northescambia.com/2020/04/oil-prices-go-negative-but-what-about-gas-prices/comment-page-1#comment-412942 ROBERT Wed, 22 Apr 2020 11:24:48 +0000 http://www.northescambia.com/?p=400169#comment-412942 Well all I see are thousands who have lost their jobs and may never get them back. But at the same time ...I did fill all my gas cans in prep for hurricane season. Well all I see are thousands who have lost their jobs and may never get them back. But at the same time …I did fill all my gas cans in prep for hurricane season.

]]> By: KJ in cantonment http://www.northescambia.com/2020/04/oil-prices-go-negative-but-what-about-gas-prices/comment-page-1#comment-412889 KJ in cantonment Tue, 21 Apr 2020 23:52:59 +0000 http://www.northescambia.com/?p=400169#comment-412889 Oil touched and even went under zero in price for the first time ever. When the oil price went that negative (briefly), it did not mean a gas station will start giving you gasoline for free or perhaps pay you to take the fuel. The precipitous drop had to do with an extremely rare circumstance in the world of commodity futures. A handful of traders (perhaps a hedge fund or major investment bank) had to exit contracts right before the end of the month expiration. That had to do this no matter what, since they could not actually take physical delivery of the oil. Seller without any buyers to step up and trade. Further, there is literally no place to put oil for storage right now worldwide. They keep pumping oil but the demand is extremely low with no place to store it. While the world is awash in cheap oil, it won’t be free: ever. Further, the price of oil is back higher for the months of June, July and August in the commodities world. The good news is gasoline will be very cheap for a while and gradually work its way back up as the economy opens up. Oil touched and even went under zero in price for the first time ever. When the oil price went that negative (briefly), it did not mean a gas station will start giving you gasoline for free or perhaps pay you to take the fuel. The precipitous drop had to do with an extremely rare circumstance in the world of commodity futures. A handful of traders (perhaps a hedge fund or major investment bank) had to exit contracts right before the end of the month expiration. That had to do this no matter what, since they could not actually take physical delivery of the oil. Seller without any buyers to step up and trade. Further, there is literally no place to put oil for storage right now worldwide. They keep pumping oil but the demand is extremely low with no place to store it. While the world is awash in cheap oil, it won’t be free: ever. Further, the price of oil is back higher for the months of June, July and August in the commodities world. The good news is gasoline will be very cheap for a while and gradually work its way back up as the economy opens up.

]]> By: D Man http://www.northescambia.com/2020/04/oil-prices-go-negative-but-what-about-gas-prices/comment-page-1#comment-412834 D Man Tue, 21 Apr 2020 13:28:53 +0000 http://www.northescambia.com/?p=400169#comment-412834 I wouldn't want negative gasoline prices, for a couple of reasons. First, it's impractical- what would you do? Pump the gas for free, then go inside and get the refund from the store clerk? Second, if such a concept was reality, do you know how many convenience stores would shut down? Is that good for the economy? I would like to see gas go down to around $1-97¢ range. That sounds about where it should be, given the circumstances. The whole business of "up like a rocket, down like a feather", however, is a Crock. I wouldn’t want negative gasoline prices, for a couple of reasons. First, it’s impractical- what would you do? Pump the gas for free, then go inside and get the refund from the store clerk? Second, if such a concept was reality, do you know how many convenience stores would shut down? Is that good for the economy? I would like to see gas go down to around $1-97¢ range. That sounds about where it should be, given the circumstances. The whole business of “up like a rocket, down like a feather”, however, is a Crock.

]]> By: Kate http://www.northescambia.com/2020/04/oil-prices-go-negative-but-what-about-gas-prices/comment-page-1#comment-412817 Kate Tue, 21 Apr 2020 11:38:24 +0000 http://www.northescambia.com/?p=400169#comment-412817 Anything to keep cost up even when people are not able to work. DOes that telly ou what BIG BUSINESS is about. Draining your pockets. Anything to keep cost up even when people are not able to work. DOes that telly ou what BIG BUSINESS is about. Draining your pockets.

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