‘UNFORTUNATE REALITY’: Why oil prices can’t go down from here
‘The Big Money Show’ panel discusses President Donald Trump’s trip to Saudi Arabia as Republicans move to rebuild America’s oil reserve. #foxbusiness #bigmoneyshow
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27 Comments
yes!! Here is their info👎🏿👎🏿👎🏿👎🏿
+1✍️
80-83✍️
71-53✍️
what's App's!!?
Whoops, I think YouTube is deleting numbers, so I found a way to attach the numbers below
There are many citizens which wanted the instant gratification after Trump won. Trump was left with a complete mess to deal with.
Fox tired of lying
This guy is so full of crap💩 !!
@ $60/barrel they're still making huge profits 📈, as a Stock Sharholder with quarterly Dividends, I can say this with certainty !!
Yes, I want my Stocks to do good.
Yes, I like the High Dividends.
But I ❤my Country 🇺🇲 even more and I'd much rather see us ALL do better !!!
Sincerely,
The man trying to live a Fair Life without a Yacht🛥 & Jet ✈️ to pay for…..
REALIZE this when we refill the oil reserves that Biden or his clone frivolously pissed away it is not as costly as you or I pay because there is no tax collected for any government body that has to be collected. I had all but forgotten Biden drained our reserves. What a piece of $hit he was. We as a country are lucky we survived those horrible years. I know the democrats will somehow be in charge again someday and it makes me sick. God help us when that happens.
each place that produces oil has different costs, when prices fall too much the more expensive oil extraction will get cut. Result of less production is higher demand , higher demand results in higher prices, even this number now is not sustainable long term.
Horse sh_t they can make money at $30 a bbl
It's crazy that Fox News is acknowledging Peak Oil and that oil is running out.
Why don't they investigate why Joe Biden sold so much of our oil Reserve to China. Why sell them any?
Cause, Saudis don't want it to go any higher. Or U.S. companies will make oil and flood the market.
The Saudis keep it enough to make a profit and enough for us to not drill and make money cause it isn't worth it for us
The price of oil can and does go down whenever those in power choose.
“I just wish you did some homework on the way over here, have a little data next time.” 😂😂😂😂😂😂😂😂
Producers were in his ear GIVING IT TO HIM.
Prices are going to go down.
We have new oil reserves that will be drilled.
Oil is going lower.
We have other oil beside shail.
The Democrats shouldn’t be allowed to sell off the SPR to offset their bad policies. Absolutely ridiculous.
A standard barrel of crude oil is 42 gallons, and about 20 gallons (47.6%) of gasoline is refined from it. If a barrel of oil costs $60, the total gasoline refined from it would cost $28.56, and each gallon of gasoline would cost $1.428. That's pretty cheap for something that contains 33.7 kWH, 115k BTU, or 121.3 MJ of energy.
Just like every single other industry saying for the past 5 years everything has gotten too expensive to mine/refine/produce/build/whatever while making unfathomably large record profits year-over-year for over half a decade even while the world literally ground to a halt.
Higher prices awesome
We dont see it come down at pumps in new zealand
Dont ztart that BS again plenty oil around
i would correct the guest and say that US producers cannot push oil prices below 60. But the worlds lowest cost producer saudi aramco can. i suppose if you believe that we will drill even less in 2025-2026 than 2024 in the US, there could be some upward pressure but i don't think so.
America has been the #1 oil producer for 4 years, all under Biden. The idea that somehow Trump is going to inspire "energy independence" is absurd. USA is energy independent already. We sell our expensive oil for a high price, buy Canada's sour oil at a cheaper price. Good business at work.