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green diesel

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13567…17

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    #62
    Reggie.
    Registered Users Posts: 24,450 ✭✭✭✭Reggie.


    wrangler wrote: »
    Auto is expected to go to 1.50 plus any way, Agri wont be much different.

    Heard that Arabs are looking to get to $80 a barrel but are currently at $77


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    #63
    wrangler
    Registered Users Posts: 11,165 ✭✭✭✭wrangler


    Reggie. wrote: »
    Heard that Arabs are looking to get to $80 a barrel but are currently at $77

    Not that long ago it was 40 dollars, big implications, oil price increases will help Agri commodity prices though.


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    #64
    Bullocks
    Registered Users Posts: 5,890 ✭✭✭Bullocks


    Reggie. wrote: »
    Heard that Arabs are looking to get to $80 a barrel but are currently at $77

    Lads will be back on the green !


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    #65
    CeilingFly
    Closed Accounts Posts: 3,378 ✭✭✭CeilingFly


    wrangler wrote: »
    It's expected to increase 50c/ltr
    Not a chance
    wrangler wrote: »
    Auto is expected to go to 1.50 plus any way, Agri wont be much different.
    slight chance before pulling back
    wrangler wrote: »
    Not that long ago it was 40 dollars, big implications, oil price increases will help Agri commodity prices though.
    Brent Oil barely went under $50 in the past couple of years - wti did.


    I'd disagree. The days of oil being used as hedge fund gambling tools are over - that was the primary cause of the spike to $150 a few years ago.

    For a retail increase of 50c, it would mean oil prices would need to rise to about $140 as the cost of refining and duties and other related costs remain constant. If oil was $1 a barrel you'd still be paying 90c a litre at the retail pump for road diesel and about 30c + vat for green diesel.


    Fracking will ensure oil prices don't go crazy and already there are signs of companies ramping up fracking facilities. It costs about $40-$50 to extract a barrel by fracking and there is massive capacity in that area. Hence with prices north of $70, fracking is profitable and the taps will be turned on.

    I'll forecast that whilst a small spike may still come, kero prices will fall back within a few weeks to the 650 - 680 / 1000 litres inc vat


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    #66
    CeilingFly
    Closed Accounts Posts: 3,378 ✭✭✭CeilingFly


    I love when I'm right :D
    https://finance.yahoo.com/news/see-another-correction-oil-prices-170000849.html


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    #67
    Gawddawggonnit
    Registered Users Posts: 3,310 ✭✭✭Gawddawggonnit


    CeilingFly wrote: »
    I love when I'm right :D
    https://finance.yahoo.com/news/see-another-correction-oil-prices-170000849.html

    Go long...


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    #68
    blue5000
    Moderators, Society & Culture Moderators Posts: 12,667 Mod ✭✭✭✭blue5000


    CeilingFly wrote: »
    Not a chance

    slight chance before pulling back

    Brent Oil barely went under $50 in the past couple of years - wti did.


    I'd disagree. The days of oil being used as hedge fund gambling tools are over - that was the primary cause of the spike to $150 a few years ago.

    For a retail increase of 50c, it would mean oil prices would need to rise to about $140 as the cost of refining and duties and other related costs remain constant. If oil was $1 a barrel you'd still be paying 90c a litre at the retail pump for road diesel and about 30c + vat for green diesel.


    Fracking will ensure oil prices don't go crazy and already there are signs of companies ramping up fracking facilities. It costs about $40-$50 to extract a barrel by fracking and there is massive capacity in that area. Hence with prices north of $70, fracking is profitable and the taps will be turned on.

    I'll forecast that whilst a small spike may still come, kero prices will fall back within a few weeks to the 650 - 680 / 1000 litres inc vat

    I can't agree with you there, take vat for example, 23% of 135 is greater than 23% of 125.:confused:

    I think the arabs tried to close down fracking by letting crude prices drop, now that it is rising fracking is going to be back in the picture alright to keep a cap on crude prices.

    If the seat's wet, sit on yer hat, a cool head is better than a wet ar5e.



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    #69
    lab man
    Registered Users Posts: 1,837 ✭✭✭lab man


    blue5000 wrote:
    I think the arabs tried to close down fracking by letting crude prices drop, now that it is rising fracking is going to be back in the picture alright to keep a cap on crude prices.

    I doubt it as a little of the framers are gone broke as they need 77 per barrel to make money that's why the price dropped so much


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    #70
    Willfarman
    Closed Accounts Posts: 3,239 ✭✭✭Willfarman


    wrangler wrote: »
    Not that long ago it was 40 dollars, big implications, oil price increases will help Agri commodity prices though.

    Nail on the head. The tillage boys need it though.


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    #71
    CeilingFly
    Closed Accounts Posts: 3,378 ✭✭✭CeilingFly


    lab man wrote: »
    I doubt it as a little of the framers are gone broke as they need 77 per barrel to make money that's why the price dropped so much

    Fracking technology has moved on and costs of extraction are now circa $35 in many cases


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    #72
    lab man
    Registered Users Posts: 1,837 ✭✭✭lab man


    CeilingFly wrote:
    Fracking technology has moved on and costs of extraction are now circa $35 in many cases


    I work in this area and here at work they say that frackers need 77 dollars per barrel just to break even


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    #73
    CeilingFly
    Closed Accounts Posts: 3,378 ✭✭✭CeilingFly


    lab man wrote: »
    I work in this area and here at work they say that frackers need 77 dollars per barrel just to break even

    They used to require about $65-$75, but technology has changed and cost per barrel is now region $35-$45 for many of the larger operations.

    Most of my info comes from Platts research.


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    #74
    davidk1394
    Registered Users Posts: 4,131 ✭✭✭davidk1394


    Any prices on Green diesel around the country ?


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    #75
    Reggie.
    Registered Users Posts: 24,450 ✭✭✭✭Reggie.


    davidk1394 wrote: »
    Any prices on Green diesel around the country ?

    At 76c here per lt inc vat


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    #76
    White Clover
    Registered Users Posts: 4,632 ✭✭✭White Clover


    71 inc VAT, that was last week.


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    #77
    davidk1394
    Registered Users Posts: 4,131 ✭✭✭davidk1394


    White Clover wrote: »
    71 inc VAT, that was last week.
    Just ordered off of Unecol in Waterford 71.03 cent inc VAT.


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    #78
    Waternotsoda
    Registered Users Posts: 229 ✭✭Waternotsoda


    Anyone get any quotes lately for green diesel. One of the unexpected benefits of corona is that its supposed to bring down oil prices.


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    #79
    selectamatic
    Registered Users Posts: 3,951 ✭✭✭selectamatic


    66.9c for green at the pump, Casey's Roscommon town.


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    #80
    Grueller
    Registered Users Posts: 5,222 ✭✭✭Grueller


    63 a litre inc VAT last Wednesday. Campus oil.


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    #81
    Jb1989
    Registered Users Posts: 2,477 ✭✭✭Jb1989


    selectamatic wrote: »
    66.9c for green at the pump, Casey's Roscommon town.

    86 at local pump. Your doing well


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    #82
    davidk1394
    Registered Users Posts: 4,131 ✭✭✭davidk1394


    Anyone order a fill of diesel ?


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    #83
    Gods Gift
    Banned (with Prison Access) Posts: 3,713 ✭✭✭Gods Gift


    3000 litres.
    84.86 litre
    92.46 including vat. (13.5%)
    Jones oil. Yesterday


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    #84
    Grueller
    Registered Users Posts: 5,222 ✭✭✭Grueller


    Gods Gift wrote: »
    3000 litres.
    84.86 litre
    92.46 including vat. (13.5%)
    Jones oil. Yesterday

    Shop around, that sounds very dear


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    #85
    Reggie.
    Registered Users Posts: 24,450 ✭✭✭✭Reggie.


    Grueller wrote: »
    Shop around, that sounds very dear

    Yeah sounds high


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    #86
    jfh
    Registered Users Posts: 2,285 ✭✭✭jfh


    94 at my local pump, 74 to buy in volume


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    #87
    ally k
    Registered Users Posts: 105 ✭✭ally k


    1000 litres delivered here Friday 28th feb 70cent a litre so was 700 including vat im in Donegal ...that sounds very expensive where you lads are ??


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    #88
    newholland mad
    Registered Users Posts: 327 ✭✭newholland mad


    Gods Gift wrote: »
    3000 litres.
    84.86 litre
    92.46 including vat. (13.5%)
    Jones oil. Yesterday

    I'd be straight into their office this morning to complain and demanding 500 off that bill. Did they supply vasline with the diesel


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    #89
    Reggie.
    Registered Users Posts: 24,450 ✭✭✭✭Reggie.


    newholland mad wrote: »
    I'd be straight into their office this morning to complain and demanding 500 off that bill. Did they supply vasline with the diesel

    I think the most I ever paid for diesel was 75c inc vat over the last 2 years. Has to be a mistake made there


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    #90
    K.G.
    Moderators, Society & Culture Moderators Posts: 3,206 Mod ✭✭✭✭K.G.


    62 cent incl vat.west.cork.


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    #91
    alps
    Registered Users Posts: 5,034 ✭✭✭alps


    Gods Gift wrote: »
    3000 litres.
    84.86 litre
    92.46 including vat. (13.5%)
    Jones oil. Yesterday

    What colour is that diesel?


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