Yessir, even had a bag of limes [emoji16]
All things considered, it was a great first outing of the season.
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She’s home!
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Congrats. Awesome looking boat.
Thanks!
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Well at least there is this good news......
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[/QUOTE]
No, no it's not. We live in a macro global economy and current geopolitics are out of our control. Only to be compounded by a massive drop in demand from quarantine measures.
We are looking at a simultaneous demand/supply shock that will not be resolved anytime soon no matter how much the Cheetoe says he's best friends with Saudis.
99 cent gas doesn't do anyone any favors.
American producers cannot sustain current barrel prices.
Unless OPEC finds some balls or the Saudis & Russians stop glutting the market, a whole lot of people in the Oil & Gas industry are gonna lose their jobs.
The Saudis can produce for $7/barrel, this is a zero sum game where they can flood the market until they have put everyone else out of business.
Several smaller American shale producers have already declared bankruptcy.
If oil drops under $20/barrel on the global market, the US is gonna feel a lot of pain.
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The Saudis can produce for $7/barrel, this is a zero sum game where they can flood the market until they have put everyone else out of business. [/QUOTE]
Ever heard of Amazon? It's a business plan that works... At least for the one who can squeeze the others out of business
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