Oil Prices Still Falling

davidmcbeth3 · Post by **davidmcbeth3** » 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 · Post by **coalnewbie** » 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.

Flyer5 · Post by **Flyer5** » 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.

Buy high sell low.

Uglysquirrel · Post by **Uglysquirrel** » 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.

rberq · Post by **rberq** » 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.

coalnewbie · Post by **coalnewbie** » 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.

SMITTY · Post by **SMITTY** » Fri. Aug. 28, 2015 7:19 am

Figures. I thought $2.04 was low and filled up. Now same place is under $1.90.

This is why I'm not a gambling man. I lose every friggin time ...

johnjoseph · Post by **johnjoseph** » 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

coalnewbie · Post by **coalnewbie** » Fri. Aug. 28, 2015 9:22 am

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

johnjoseph · Post by **johnjoseph** » 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

mike2142 · Post by **mike2142** » 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

Flyer5 · Post by **Flyer5** » 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.

KLook · Post by **KLook** » Fri. Aug. 28, 2015 7:31 pm

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

Nice one....

Kevin

windyhill4.2 · Post by **windyhill4.2** » 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]

Good to know that I am not alone in this line of thinking.

ddahlgren · Post by **ddahlgren** » 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.