Exploring Hydrocarbon Depletion
onlooker wrote:NYMEX Down to about $48
PeakOiler wrote:onlooker wrote:NYMEX Down to about $48
Thanks onlooker. I'm going to post a new scorecard next week showing the new low price for the year after the EIA report is released.
I've been busy seeing oral surgeons (molar extraction and a root canal re-treatment in the molar next to the back that was extracted, and later this month a molar implant). Meanwhile, I've been working in my garden and tending my fruit trees.
I'm beginning to think that this year's peach harvest may be a bust. I suspect the trees didn't get enough chilling hours this winter. Most of the 13 peach trees have not produced blossoms, at least not yet. February temps were way above normal.
vtsnowedin wrote:Wishing you the best of luck with the dental work. A final review after your all done would be interesting.
Do peach yields vary a lot year to year based on spring weather and bee populations?
Of course not. My low of $48.00 is a lot more likely this week though. Where it will go from there I'm not sure of. KSA seems to not be able to constrain itself and that might extend the glut through most of the year. Silly actually as they could just refuse to sell any oil for export for less then $70/b and that would be the price the next week.PeakOiler wrote:
I wouldn't mind if the price dropped to $42.61 over the next few weeks.
Cog wrote:Thanks Peakoiler for the updates you do.
Kublikhan is closing in on me.
vtsnowedin wrote:dolanbaker wrote:The new low has blown me out for this year.
Good luck to whoever gets it.
Don't despair . Your other guesses are all still in play. Only time will tell who has it right.
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