Do we have a Bottom in Oil or are we just about their!

[biglentil]

Oil is far from a dead cat, world would stop turning without it.

[farmaholic]

Tell Justin that. In his speech to the World Economic Forum, he couldn't bring himself to include oil along with steam, electrical power, and computers for their contributions to the industrial revolutions of the past. What a moron. Heaven forbid he "realizes" and "ADMITS" it is likely thee most important driver of the industrial revolutions. But maybe he still thinks the "Bronze Age or Stone Age" rates first place.

[TOM4CWB]

Really is up to the Saudi's / Iranians... and the US Fed. When Iran burns through foreign oilreserves in storage... will depressurize downward crude prices somewhat...

ECB and Draci QE promise was the scico ... along with BOC expressing confidence in CDN economy.

[bucket]

Jay mo

Why are the coops not all at the same price?

[farmaholic]

Bucket, a couple of things that could create price differences between co-ops are, price of inventory(if they have their own bulk tanks) and freight.

Our local co-op is suffering from high priced inventory right now. Pumps in Regina are cheaper that what the local Co-op likely filled their bulk tanks for(wholesale price), how do you sell that?

[biglentil]

Total M3 world money supply is estimated to be about triple of that the last time oil was 30 a barrel in 2003. All things equal we currently have the equivalent of 10 dollar oil.

Now the productivity of said barrel of oil is said to be equivalent of 23000-25000 hours of manual human labour. Lets say an hour of human labour is worth 10 bucks. A barrel of oil utility value in human labour is $250000/per barrel.

Sounds like buy one get 24999 hours of labour free. If you don't agree go dig a basement in frozen ground with a spade.

[Jay-mo]

Bucket,
Probably cuz they only adjust their price on a local basis depending on what the competition has their price at.