Why is Saudi Arabia doing this?

Musburger1 said:
See Love canal. See Ford Pinto. People died unnecessarily because the business decision was that law suits were less damaging to the bottom line than cleaning up or than recalling and redesigning the configuration. The objective of regulatory organizations is to protect the public. Doesn’t always work as intended, but left unchecked you get Fukushima’s, Amazon rain forest destruction, Love canal’s and so forth.
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Government control works even better. Approximately 200 million deaths in the 20th century thanks to government control.
 
I’m a case study in everything you guys are talking about. Just listening. I’ve been asked to bribe, told by the mayor “play the game”, when I didn’t pay a bribe I was sued and forced to shut down my manufacturing facility or spend $500K defending lawsuits from environmental 503C organizations. But......God was with me. I shut down and walked away from 54,000 hrs of work, 11 years. I’ll write a book some day. My new company is profitable with 1/6 the number of employees. I’ll never get back into MFG again. It’s not worth it! Trust me!
 
Sell the same product and several related services. Equipment rental is part of it. I got a friend in the industry that has the $ to build a plant and I sell his inventory at a wholesale cost. He went out and got a couple of investors but I’m not one of them. I’m not signing anymore multi million $ loans. I lost $2.3 MM when I shut my plant down. Environmental activists are hell on wheels! They just try to shut down plants, no worry about job loses. I do a lot of vessel change outs in W TX. That’s why I’m out there a lot.
 
Wow AC YOU walked your talk at a huge expense
Many of the haters on here have never signed the front of a check and are clueless at the difficulty and complexity of making a real biz with real people employees achieve success.
I am not surprised you are on your way to being successful in another arena
GOOD on you
 
Really hope I can write a book some day and call Matthew to help make it a movie. Ha! Pipe dream! I know a couple of guys that were friends with him at UT. I don’t live a boring life that’s for sure. Just glad the torch and pitchfork environmentalists didn’t take a shot at me or something. I’m already on my 5th out of 9 lives!
 
AC said:
Sell the same product and several related services. Equipment rental is part of it. I got a friend in the industry that has the $ to build a plant and I sell his inventory at a wholesale cost. He went out and got a couple of investors but I’m not one of them. I’m not signing anymore multi million $ loans. I lost $2.3 MM when I shut my plant down. Environmental activists are hell on wheels! They just try to shut down plants, no worry about job loses. I do a lot of vessel change outs in W TX. That’s why I’m out there a lot.
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AC, do you know Morrow Energy and Morrow Renewables in Midland? Family run business, does a little of mnfg and plant design. We would like to work a deal with them.
 
AC said:
No I don’t but I can look them up.
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No need. We are in contact with them. I was speaking about looking to close a deal with them. I was curious if you crossed paths with them.
 
Musburger1 said:
OPEC agreed to make cuts, but not enough to raise the price. The US is debating options.

If no action is taken, half the industry dies, Exxon and the big boys pick up the scraps for pennies on the dollar, massive unemployment hits the oil industry and effects downstream industry and state tax revenue as well.

Another possibility would be (mandatory?) production cuts. Who determines how much and which companies comply I have no idea.

A third possibility is a taxpayer multi-billion dollar bailout.

Maybe there are other possibilities?

Shale Drillers Warming to a Once-Unthinkable Idea: a Cap on Oil
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If this happens will it make all the California people go back to California? I'm for anything that gets the California horde out of our state.
 
Canadian oil prices go negative.

canada%20negative%20oil%20prices.jpg
 
Since the price is going down, who is waiting indefinitely to buy gas?

That is what happens when prices deflate, right? Nobody buys anything?
 
So is it about time to drain the swimming pool and take physical delivery of some crude for free? Maybe sell it in the Summer when prices go positive...

:smile1:
 
Chop said:
So is it about time to drain the swimming pool and take physical delivery of some crude for free? Maybe sell it in the Summer when prices go positive...

:smile1:
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You might want to check with your HOA regs.
 
So I just figured that for the price I just paid for Tide detergent at Sam's Club, I could have had 2 barrels of Oil and 2 hot dog meals.
 
Horn6721 said:
Chop
I think Trump mentioned that very thing
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POTUS mentioned it a second time. The first time was a month ago. The proposed $3 billion for the first 30 million barrels of 77 million to top off our SPR was removed from the stimulus bill by DoE.

Looks like taxpayers can earn $2.69b now at -$35/barrel to top off our SPR.

Government profit? WINNING
 
AOC thinks oil prices being low makes it the time to invest in "green" technology?

How does she think "green" technology is produced? And why would she want poor people to pay more for electricity? She must really hate poor people.
 
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