will it go under $2
#31
12-14-2014, 08:13 PM
Good for you!
Reality is, I need to live off my net worth. My net worth drops around $5000 for every 10 cents per litre drop in gas prices. Yup, the market is dropping because of the weak oil prices, but the good news is the market will eventually seek equilibrium and if lower prices is the new reality, the rest of the market will adjust, (eventually).
As to high prices at the pump, I hope everyone realizes that $1.00 CDN/Litre is the equivalent of more than $4.00 US/gal. It has been as high as $1.40 CDN/L, so now we think we're getting a deal.
European prices are even higher. Strange thing at our pumps is while gas has plunged, diesel remains at around $1.22 CDN/L. If fuel costs truly were tied to the price at the wellhead, we should be paying the same price as the last time oil was $60 per barrel. Sadly we are not.
As usual, we, the consumer are being had!
Time to go get fitted for my tinfoil hat.
Reality is, I need to live off my net worth. My net worth drops around $5000 for every 10 cents per litre drop in gas prices. Yup, the market is dropping because of the weak oil prices, but the good news is the market will eventually seek equilibrium and if lower prices is the new reality, the rest of the market will adjust, (eventually).
As to high prices at the pump, I hope everyone realizes that $1.00 CDN/Litre is the equivalent of more than $4.00 US/gal. It has been as high as $1.40 CDN/L, so now we think we're getting a deal.
European prices are even higher. Strange thing at our pumps is while gas has plunged, diesel remains at around $1.22 CDN/L. If fuel costs truly were tied to the price at the wellhead, we should be paying the same price as the last time oil was $60 per barrel. Sadly we are not.
As usual, we, the consumer are being had!
Time to go get fitted for my tinfoil hat.
#32
12-16-2014, 02:00 AM
I'm starting to get nervous about the outlook of my job in the later half of '15 and all of '16. Hell the purchase orders i have from large oil companies all have a clause that they can pull out of the contract any time...millions of dollars worth of work. It can get a person on edge pretty quickly, combined with the fact our state is basically run off oil.
As oil prices fall, so do Alaska budget hopes | Local News - KTUU.com Anchorage
As oil prices fall, so do Alaska budget hopes | Local News - KTUU.com Anchorage
#33
12-16-2014, 04:38 AM
I'm starting to get nervous about the outlook of my job in the later half of '15 and all of '16. Hell the purchase orders i have from large oil companies all have a clause that they can pull out of the contract any time...millions of dollars worth of work. It can get a person on edge pretty quickly, combined with the fact our state is basically run off oil.
As oil prices fall, so do Alaska budget hopes | Local News - KTUU.com Anchorage
As oil prices fall, so do Alaska budget hopes | Local News - KTUU.com Anchorage
change may be a comming to alaska again. just like mid 80s boy did the house values drop then! it was crazy no one had money to buy, save up now so you be ready to get some real estate it will go back up in 10 to 20 years again. then sell..its a good investment.
people were actually walking away from their homes and heading back to the lower 48. thats the time to have some cash to snap um up!
#34
12-16-2014, 06:35 AM
I'm starting to get nervous about the outlook of my job in the later half of '15 and all of '16. Hell the purchase orders i have from large oil companies all have a clause that they can pull out of the contract any time...millions of dollars worth of work. It can get a person on edge pretty quickly, combined with the fact our state is basically run off oil.
Now whether or not there is enough money for them to buy trucks at the pace your company needs to avoid downsizing is another question.
#35
12-16-2014, 06:56 PM
I'm starting to get nervous about the outlook of my job in the later half of '15 and all of '16. Hell the purchase orders i have from large oil companies all have a clause that they can pull out of the contract any time...millions of dollars worth of work. It can get a person on edge pretty quickly, combined with the fact our state is basically run off oil.
As oil prices fall, so do Alaska budget hopes | Local News - KTUU.com Anchorage
As oil prices fall, so do Alaska budget hopes | Local News - KTUU.com Anchorage
well this should help ya out!
Obama White House declares Alaska's Bristol Bay off-limits to oil and gas | Alaska Dispatch
out of a job maybe.
#36
12-16-2014, 09:22 PM
I can understand the concern Russ. But remember that Alaska's oil industry has existed longer than high oil prices have. No doubt there will be an adjustment as the market seeks equilibrium, but I'm sure they will still be making oil in Alaska.
Now whether or not there is enough money for them to buy trucks at the pace your company needs to avoid downsizing is another question.
Now whether or not there is enough money for them to buy trucks at the pace your company needs to avoid downsizing is another question.
My concern is the first thing that happens when this type of dip happens is they start using old equipment longer and not buying new stuff...this is where my concern lies.
#37
12-17-2014, 08:02 PM
I was out of work because of the drop in price. I was drilling out in Alberta. It's funny because when I left to go there I was nagging my friends about how the prices there were $1.10/L and back home it was $1.45. When I came back home after losing out on the job, it was $1.10/L. That was September. Now I pay 99c/L, which is a fantastic deal but is still too much. It's the equivalent of you guys paying just barely under $4 per gallon.
#39
12-18-2014, 07:56 AM
Hotshot
#40
12-18-2014, 08:53 AM
#41
12-18-2014, 09:19 AM
Hotshot
When you get a chance, notice the prices of diesel at a Truckstop. The DOT guys get a price break. Usually 20 to 30 cents cheaper.
#43
12-18-2014, 05:07 PM
Jason
#45
12-18-2014, 06:24 PM