History: the oil price (WTI) goes below zero dollars!

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jam
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Re: History: the oil price (WTI) goes below zero dollars!




by jam » 21/04/20, 14:04

There are certain taxes that are calculated per liter and not the percentage even if we are still talking about the percentage of tax.

But I have another concern. If production is several million barrels per day greater than demand and the tanks are full, where will the super-tankers deliver their cargo?
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Re: History: the oil price (WTI) goes below zero dollars!




by Christophe » 21/04/20, 14:24

Ah yes damn right! One liter cannot be negative !! : Cheesy:

Oil tankers no longer deliver: they act as a buffer tank at sea ...

After a well valve can logically close it ...

Finally on deepwater horizon it did not end very well ... : Evil: : Evil: : Evil:

Houuuhouuu yesterday was the 10th anniversary to the day !!! Nice coincidence with the negative rating I think !!

https://fr.wikipedia.org/wiki/Deepwater_Horizon

We talked about it there: energies-fossil-nuclear / louisiana-and-bp-l-hydrate-of-methane-done-for-hers-t9659.html

The disaster film is nice ... we can clearly see the BP acorn engineers ... : Mrgreen:
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Re: History: the oil price (WTI) goes below zero dollars!




by Macro » 22/04/20, 17:49

Remundo wrote:in France prices are always above 1 € / L, except of course the E85

live taxes. : roll:



between 67 and 70 ct per liter of E5 or sp98, between 65 and 68 for a liter of E10, between 59 and 62ct for a liter of diesel ... for the tax then you apply the VAT on these taxes ... Without the product costing 1 cent ... you are 84ct for a liter of E5,74 ct for a liter of E10 and 75 for a liter of diesel ...
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Re: History: the oil price (WTI) goes below zero dollars!




by yves35 » 24/04/20, 23:02

Good evening,

at the same time, it's very common to have negative prices for energy. Remember what happens when a depression (weather) crosses northern Europe and there is no opposite demand for electricity ... when this often happens we no longer speak of an event historical...

yves
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Re: History: the oil price (WTI) goes below zero dollars!




by jam » 26/04/20, 13:53

And for one more concern:
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Re: History: the oil price (WTI) goes below zero dollars!




by Christophe » 26/04/20, 14:19

Well, there aren't too many pirates in Californian waters, are there?

It would be more dangerous if it were in the Red Sea ...
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Re: History: the oil price (WTI) goes below zero dollars!




by jam » 26/04/20, 14:35

Christophe wrote:Well, there aren't too many pirates in Californian waters, are there?

It would be more dangerous if it were in the Red Sea ...


Pirates are probably in command of the boats : Twisted:
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Re: History: the oil price (WTI) goes below zero dollars!




by Exnihiloest » 26/04/20, 14:46

yves35 wrote:Good evening,

at the same time, it's very common to have negative prices for energy.

I just refueled. At -1,2 € per liter, they paid me 48 €. : Lol:
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Re: History: the oil price (WTI) goes below zero dollars!




by Christophe » 26/04/20, 22:38

jam wrote:Pirates are probably in command of the boats : Twisted:


That yes but hush must not say it !! Hush hush hush! : Mrgreen:
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Re: History: the oil price (WTI) goes below zero dollars!




by Macro » 27/04/20, 06:56

I'm going to have to trade my JR Ewing for a Jack Sbarow ... : Cheesy: a pity I found JR rather nice : Cheesy:
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