Replies to post #7834 on NGL Energy Partners LP (NGL)

[PappaJohn]

Indeed, demand destruction is prevalent.
Not much money to be made in pipelines or terminalling when the product demand is not there. Refineries are only operating at 82% capacity at present.

Hopefully, demand will return after the Kung-Flu runs its course.
In the meantime, the flood of crude on the market needs to be addressed to balance supply and demand.

I haven't the answers, just some observations.

FWIW: Locally today, Regular 87 E10 gasoline is coming out of the gate at the local NuStar terminal at 95 cents per gallon, taxes included. Diesel at 1,66



.

[leftovers]

I fail to see anything positive coming for a very long time? 10 million folks filed for unemployment in the last 15 days just wait till the end of April.

All of these folks that were contributing to the tax system running government will be drawing from the government.

Pretty soon people will be more concerned with the Hunger Disease pandemic than the virus. All ready Food banks are forming all over the place!


I don't know about anyone else here but, My oil consumption has dropped by over 80% NO Plane traffic and you can clearly see the demand has dried up. I can't see how any manipulation through oil talks can change a thing.

What kind of magic will start the economy any time soon!

What will this do to combat market-destructive forces emanating from the onslaught of the Corona virus

?