Coronavirus Outbreak

[Rastus]

Rastus, can you provide link for minor looting in Tulsa?

No.  I have some pictures from 21st and Sheridan where a storage facility was ransacked.  There may be something on the news about that now but I got word before anyone really knew.  They punched the locks and cleaned it out....

Tyler I don't know that refineries and pipelines are going to hurt as bad as producers.  That 10 out of 50 was for producers.  It sounds unbelievable to me but a friend who runs a section of a refinery just received a tankerful of Saudi oil for $12 a barrel.  That's just under 29 cents a gallon for crude. 

For civil unrest who knows.  So long as people have food and water and internet along with television we're probably good for no riots.  People get hungry....it'll get ugly. 

[Solus]

I made a point in the mid 80's that the World is a Snarling Beast and we protected from it only by the shield of our technology. 

Well, there is a crack in that shield and that beast is squeezing through...

So now it all depends upon how quickly that crack to patched...

[Rastus]

Hopefully it get's patched quickly....but who knows?

[Ranger Dave]

Rastus, Thanks I am up in Bartlesville and hadn't heard about that.

[Rastus]

Dave if I pick up anything new I'll try to pass it on.  I have a couple of friends on Tulsa PD who alert me to interesting things now and again.

[Sponsor]

[TAB]

I am personally worried about all the unemployment. Lots of people are going to be out of work.  Even with the free money they are giving out/ will give out to small businesses, many will fail.

Just look at the restaurant  industry.   The fact that  they have been shut down does not just effect them, it also effects all thr companies  that suport them.  We are talking everything from linen services to farms. 


Pretty much all of the high over head low profit  businesses will be affected for the next 10 years.  No one will loan thrm money.

[Tyler Durden]

No.  I have some pictures from 21st and Sheridan where a storage facility was ransacked.  There may be something on the news about that now but I got word before anyone really knew.  They punched the locks and cleaned it out....

Tyler I don't know that refineries and pipelines are going to hurt as bad as producers.  That 10 out of 50 was for producers.  It sounds unbelievable to me but a friend who runs a section of a refinery just received a tankerful of Saudi oil for $12 a barrel.  That's just under 29 cents a gallon for crude. 

For civil unrest who knows.  So long as people have food and water and internet along with television we're probably good for no riots.  People get hungry....it'll get ugly.

By producers, do you mean the people who actually extract the oil out of the ground?

If so, yeah, I could see that.

Back in 2015 and 2016, if my memory is correct, the Saudi's started dumping their cheap crude on the world market.

So that made the price of West Texas Intermediate crude oil (WTI) drop from around $100 a barrel down to below $30 a barrel.

That practically killed off all fracking here in the states/North America.

The refinery I work at  gets a lot of raw crude from the Alberta tar sands in Canada.

It used to be much, MUCH CHEAPER than WTI. 

So yeah, just like fracking operations, I could see crude (WTI?) Get so low that it is not worth it to extract it out of the Alberta tar sands.

[Tyler Durden]

Rastus, Thanks I am up in Bartlesville and hadn't heard about that.

I am "downstream" of you.

[Rastus]

Yep.

Upstream and drowning.

[Tyler Durden]

By downstream, I meant the HQ for who I work for is in Bartlesville.

Anywhooo....I saw where crude prices dropped below $20 a barrel.

It absolutely blows my mind.