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Pat Flood (@rebarcock) passed away 9/21/25. Pat played a huge role in encouraging the devolopmemt of this site and donated the very first dollar to get it started. Check the thread at the top of the board for the obituary and please feel free to pay your respects there. I am going to get all the content from that thread over to his family so they can see how many people really cared for Pat outside of what they ever knew. Pat loved to tell stories and always wanted everyone else to tell stories. I think a great way we can honor Pat is to tell a story in his thread (also pinned at the top of the board).
O&G guys: Oil is mooning this morning
- Thread starter quickfeet
- Start date
Just helps keep my feet quick (but really its just an image I found when I googled quick feet)
Just further proof you have the quickest feet on this site! Keep up the good work bro!
Landjeff
Poster
My son (8th grade) is an expert ladder drill kid. Great at cones as well. Would be nice if all the work (And $$$) would translate to better on field performance. It has definitely increased his speed though.
The full story is back in high school was when the Dance dance Revolution game came out. We went to the arcade one time and we saw it. I hopped on and everyone was like “damn you got some quick feet”! Also I was always pretty good at the agility stuff playing sports like the ladder drill
Thanks bro. But be prepared to have your beloved 1980 leave ATL with an L saturday
Whoa…..talk about a punch to the nuts. I never expected this from you…I would expect this from @TJHall1
SAD!
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It just means more this weekWhoa…..talk about a punch to the nuts. I never expected this for……I would expect this from @TJHall1
SAD!
I’m not sure I’m sober yet.
Jtrain80
Legendary
Hiring like crazy. It's not coming down soon.
I almost tagged you but I wasn't 100% sure if I had the right poster
TJHall1
Legendary
Hire me.
Omicron variant is bullshit. This will be an afterthought in a couple months.
Sikness23245
Elite
That's pretty much it right there
Never knew we had an actual legend on the board.
As in big rebound incoming?
None of them have been as bad as made out really
A judge,congress or new president could snap their fingers and fix this mess
What's the steel world looking like right now?
I continue to like oil here at $66/bbl. As long as democrats are in control you have to be long oil.
Long term it is too much of a necessity and its not going away as an energy source during the next 20 years or so.
Jtrain80
Legendary
Slight plateau but December has alway been preventative maintenence months. Unless there is a boom. Markets are string but some normal beams are scarce which we hope is an anomaly rather than an indicator. Some experts see pricing declining per ton(not sheet cold or hot) i disagree. I hope I am wrong but I see Bidenflation causing incredible price increases. My issue may be keeping labor wages adequate.
Sorry had been around yall. Crazy times w fam
OU Sucks is The Word Out of Texas
Oil up 5% this morning and trading $68.5 per barrel
Oil trading in correlation with other risk assets like the stock market as a whole. This tells me that sell off was related to Omnicron variant and lets face it the people of the world will not allow any more lockdowns.
We were told from the very beginning that Viruses mutate and when they do they become weaker. So im not buying any omnicron bullshit. keep buying oil until dems are out of office.
Oil trading in correlation with other risk assets like the stock market as a whole. This tells me that sell off was related to Omnicron variant and lets face it the people of the world will not allow any more lockdowns.
We were told from the very beginning that Viruses mutate and when they do they become weaker. So im not buying any omnicron bullshit. keep buying oil until dems are out of office.
Oil following the broad trends of the general markets. Trading about $71.25 a barrel for the March futures contract which is up~5% since last posting which is about the same as the S&P 500.
ChicagoFats continues to be bullish on oil as the corona virus fades away and people return to more normal travel schedules. While travel demand may continue to recover it will take a while to get back to pre-pandemic levels.
SnP 500 = 4690
Oil = 71.5
ChicagoFats continues to be bullish on oil as the corona virus fades away and people return to more normal travel schedules. While travel demand may continue to recover it will take a while to get back to pre-pandemic levels.
SnP 500 = 4690
Oil = 71.5
Jtrain80
Legendary
Does your analysis take into acct the inventory levels? DUC's? Rig counts etc.
No, i trade or pay attention more to macro-economic trends. Its just my personal hunch, which i understand is not worth much more than other peoples opinion.
There are certainly people who focus on the micro trends and developments such as rig counts, inventory levels etc.
Personally i feel like the macro trends of inlfation, corona, easy money policy have much more influence over the markets right now than the micro economic factors.
Oil kind of reminds me of the housing markets going back to say 2008 or so. The housing market imploded and supply was rampant. Kind of like Oil during Corona. There was no travel and so spot oil just got hammered.
Fast forward a few years and there is a severe under supply of housing, quite possible because we over corrected after the real estate crash in 2011 or so. Did oil similarly over correct?
And just like that an article appears on Zerohedge saying the same exact thing i just said. For the record their post is 2 minutes ahead of the post i made above. But i did not see it before writing my post.
www.zerohedge.com
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
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What are you trading oil related?
Any tool will work. Depending on my trading theory i will use
Oil Futures - on Ameritrade the symbol is "/CLH22" - (Crude light March 2022 expiration)
Oil ETF - symbol "VDE" - a vanguard ETF that is seemingly a little less volatile than oil spot prices. Its made up of companies that produce the oil like Exxon etc.
Oil ETF - USO - tracks the spot price of WTI.
A long time ago, maybe 10-15 years ago, i made some money on the difference in price between the light crude and the heavy crude spread. It had expanded out to historical width and eventually came back to norms.
I don't have any trading theory's on oil right now other than i want to be long it. I think there have been years of under investment and political interruption in the markets that have artificially depressed the price. Medium to long term bullish. Hell, even short term bullish. I don't think the people will take any more shutdowns and that is from a global perspective. I think global demand steadily increases and if any cure or effective treatment for Covid and you could see an explosion in travel.
When you say tool do you just mean like an investment vehicle right?
If I remember correctly, I thought USO was more of a short term swing trade thing. I can't remember specifics on that though
Yeah, like a trading or investment vehicle.
Sometimes you can take advantage of an idea with stocks etc. Other times you have to buy the physical product.
Im still a huge proponent of Real Estate right now. Best hedge against inflation. I do suppose it will cool off at some point in the future but probably not until they raise interest rates which is still a ways off.
JP morgan says oil could reach $125 barrel of oil next year because OPEC does not have the capability to boost production high enough to counter anticipated demand. Basically, they are not investing enough in Oil right now as we were talking above.
www.zerohedge.com
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
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