Oil Prices Still Falling

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davidmcbeth3
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Post Wed. Aug. 26, 2015 3:50 pm

http://www.ct.gov/deep/lib/deep/energy/energypric ... prices.pdf

Went down 8 cents last week .... under 2 bucks now ...

May use mixture of oil and coal this winter if it keeps on going lower....


coalnewbie
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Post Wed. Aug. 26, 2015 4:04 pm

Be patient, all comes to those that wait. No sign of a bottom yet and COT (Commitment Of Traders) is STILL negative. Remember Flyer5 said buy now and that is a strong sell signal. :D
Posted by an unreasonable adult.

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Flyer5
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Post Wed. Aug. 26, 2015 8:39 pm

coalnewbie wrote:Be patient, all comes to those that wait. No sign of a bottom yet and COT (Commitment Of Traders) is STILL negative. Remember Flyer5 said buy now and that is a strong sell signal. :D
Buy high sell low. :)
http://www.leisurelinestove.com


You know when people say it was "better back in my day"?

They were right.

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Uglysquirrel
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Post Wed. Aug. 26, 2015 9:01 pm

so if I'm a coal dealer what incentive is there to stock up on dozens of coal pallets and front the money for it? Does this suggest coal will be in short supply or am I missing something here ?

I'm still with coal, the oil's cost savings is small compared to the luxury of warmth that my old decrepit body now enjoys until I'm forced into a permanent dirt nap at 52 F. :shock: :shock: :shock:

rberq
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Post Wed. Aug. 26, 2015 9:10 pm

Dropped nine cents here today, now at $1.899 in my area. Gasoline dropped about fifteen cents today.
One dealer is at $1.599 in southern Maine, approaching CN's prediction of $1.50.
Simple answers for simple minds.

coalnewbie
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Post Fri. Aug. 28, 2015 3:47 am

OK, we are only 9c off, perhaps it's time to fill up. Never try to get the absolute bottom of a market (pigs get slaughtered). Nice savings were had by waiting. I will now search for my best deal, good luck to all. You never get hurt by banking a profit. It will be interesting to see where the real bottom is, however, Sept is just about here and they may be getting supply/demand under control but I am still suspicious. There is an ocean of oil but refining capacity is nearing the ceiling. That was fun.

http://www.nrgheat.com/

$1.69 Not bad for NJ and PA.
Posted by an unreasonable adult.

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SMITTY
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Location: West-Central Mass

Post Fri. Aug. 28, 2015 7:19 am

Figures. I thought $2.04 was low and filled up. Now same place is under $1.90. :mad: This is why I'm not a gambling man. I lose every friggin time ... :mad2:
The laws that forbid the carrying of arms...disarm only those who are
neither inclined nor determined to commit crimes. ...Such laws make things worse
for the assaulted and better for the assailants, they serve rather to
encourage than to prevent homicides, for an unarmed man may be attacked with
greater confidence than an armed man."

- Thomas Jefferson, quoting 18th century criminologist Cesare Beccaria in "On
Crimes and Punishment."

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johnjoseph
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Post Fri. Aug. 28, 2015 8:34 am

rberq wrote:Dropped nine cents here today, now at $1.899 in my area. Gasoline dropped about fifteen cents today.
One dealer is at $1.599 in southern Maine, approaching CN's prediction of $1.50.
Fuel oil in our neck of the woods is 2.19 and gas is at 2.52
"What we've got here is failure to communicate. Some men you just can't reach. So you get what we had here last week, which is the way he wants it. Well, he gets it. I don't like it any more than you men." Cool Hand Luke is a 1967 American prison drama film


coalnewbie
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Coal Size/Type: Rice,
Other Heating: Heating Oil CH, Toyotomi OM 22
Location: Chester, NY

Post Fri. Aug. 28, 2015 9:22 am

if I had to deliver into Santas igloo, I would want a premium.
Posted by an unreasonable adult.

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johnjoseph
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Post Fri. Aug. 28, 2015 10:04 am

coalnewbie wrote:if I had to deliver into Santas igloo, I would want a premium.
I hear ya. ..but in 1995 I paid .97 a gallon for fuel oil and .99 for gas...20 years later the difference is astounding. ..coal is my lifeline
"What we've got here is failure to communicate. Some men you just can't reach. So you get what we had here last week, which is the way he wants it. Well, he gets it. I don't like it any more than you men." Cool Hand Luke is a 1967 American prison drama film

mike2142
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Post Fri. Aug. 28, 2015 3:44 pm

Still 2.59 for fuel oil would oil would have to go to 1.00 for me to switch

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Flyer5
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Post Fri. Aug. 28, 2015 5:35 pm

mike2142 wrote:Still 2.59 for fuel oil would oil would have to go to 1.00 for me to switch
Oil would have to be 100% domestic and no subsidies for me to switch no matter what the price.
http://www.leisurelinestove.com


You know when people say it was "better back in my day"?

They were right.

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KLook
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Post Fri. Aug. 28, 2015 7:31 pm

if I had to deliver into Santas igloo, I would want a premium.
:lol: :lol: :lol: :rimshot:

Nice one....

Kevin

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windyhill4.2
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Post Fri. Aug. 28, 2015 9:54 pm

Flyer5 wrote:
Oil would have to be 100% domestic and no subsidies for me to switch no matter what the price.[/quote]
:up: :clap: :up: :clap: Good to know that I am not alone in this line of thinking. :)
David **** John14:6 Jesus saith unto him,"I am the way.the truth,and the life;no man cometh unto the father,but by me." Wise men sought for Jesus when he was born,wise men still seek Jesus today. Seek & you shall find.

ddahlgren
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Post Sat. Sep. 12, 2015 9:28 am

At 2.40 a gallon it is a break even for me. Anything less than that the stove stays off. I am not rich enough to burn what is the more expensive fuel. If just need to take the chill off will burn a little wood as that is the cheapest by far.


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