Bull Market officially over!! Year heading negative.

[Zan15]

I hope they are working on a protocol for mass shutdown of a majority of oil wells in the US from shale, conventional, offshore, etc. When they close those valves at the pipelines and ports, the proverbial hammer effect will be heard throughout the world.

Some trivia. The current combined market capitalization of energy companies in the S&P 1500 energy sector is $700 billion, compared with Microsoft's $1.4 trillion market cap (ouch). Their total asset is valued at a little over half of Amazon's and Apple's combined. So all the wells + refineries + equipment + pipeline + oil stored - debt >= half of Amazon + Apple assets combined. Think about that for a second.

You seem to be confusing "assets" with "market value" and intertwining them...

Apples dec 2019 assets were 340 billion dollars of which most were cash and securities. plant, equipment and such was only about 65 billion.

Msft was at 290 billion. Most were cash, securities and goodwill.

Amazon was only 225 billion. Now they had the majority of this in plants and property. Unlike Apple they own most of their own warehouses and production lines. Apple just leases the production out so they don't have to deal with it.


Exxon's assets were 362 billion.

- - - Updated - - -

Hey we were only DOWn 600 today!...Again!...ah, jeez. How bad are those unemployment numbers?

They are horrible but thanks to 350 billion and now another 300 billion they are hiding millions of technically unemployed through the PPP.

So they are basically paying unemployment to these workers without counting them.

I was trying to wrap my head around a number so I did some napkin math...and we all know how bader I r at maff (I was an engrish majors...I lie, totally business major who got 6 credits for taking golf class, I kid you not!!)


350 billion and 75% has to be spent on payroll and benefits.
https://data.bls.gov/timeseries/CMU2010000000000D

34.72 was BLS total for total compensation in 4th Q 2019.

34.72 x 40 = 1388 weekly compensation cost average.

that can pay 25 million workers one week wage.
its supposed to last 8 weeks.

so each worker will receive 1388x 8 = 11,104 on average. 3.152 million people can be paid for 8 weeks.

that is BEST CASE scenario I can come up with now.

Now 310 billion more was just added.

So I r do no moar maff….so lets assume another 3 million.

Best case...that's 6 million people who technically are being paid/will be paid unemployment that are not/will not be counted.
LOL and Obama's unemployment numbers were manipulated/fake news.

THE
FUCKING
IRONY
OF
IT
ALL

[Breccia]

They are horrible but thanks to 350 billion and now another 300 billion they are hiding millions of technically unemployed through the PPP.

Eh, I'm actually okay with "hiding" them. Those people will probably have a job after this finally calms down.

[Rasulis]

The irony is that the current oil futures debacle can be placed directly on Ronald Reagan's head. Ronald Reagan introduced the futures market to oil and gas in 1983. Prior to that there were no paper barrels that you could trade oil on margin. Every contract was for wet barrels and bought and paid in hard currency. No margin contracts with borrowed money and no MBA's in Brooks Brothers custom tailored suits playing games. No paper barrels to screw up supply and demand information. There were only X barrels of line fill in the liquids lines, only Y barrels in Terminals and Z barrels in refinery storage. Cargos at sea were well known as all ships registered without today's funny business and you knew how many barrels left loading terminals by the Plimsoll lines on the ships. Landsat photos told you how full storage tanks were by measuring the shadows from lip of the tank to the top of the roof.

Thank you Reagan. I guess we shouldn't speak badly of the departed.

[Thepersona]

Eh, I'm actually okay with "hiding" them. Those people will probably have a job after this finally calms down.

A good question would be, when will it calm down?

[Breccia]

A good question would be, when will it calm down?

People are intentionally breaking out of stay-at-home orders and hanging out in close packs on purpose. Whatever answer we had, add another two weeks.

- - - Updated - - -

The title of this article is Why oil prices fell into negative territory — and why it might happen again. We've covered a lot, but here's something I think is new.

There have also been calls to hold another meeting of OPEC+, a coalition of oil producing countries beyond the initial Organization of Petroleum Exporting Countries membership.

That group recently agreed to cut oil production by 9.7 million barrels per day, a 10 percent drop in global production, but those cuts aren’t scheduled to begin until May.

But it’s not clear that any government measures would be enough to offset the glut of oil already crowding the market as demand remains extremely low.

And many oil producers are hesitant to drastically reduce their output, as they risk being unable to pay workers or keep enough cash on hand to ramp up production once market forces improve.

Something else mentioned: big oil would love people to start driving back to work. It's highly likely they are big fans of Trump's "go back to work, I can force it if I wanted to" speeches.

[Zan15]

Eh, I'm actually okay with "hiding" them. Those people will probably have a job after this finally calms down.

No.
Nope.
No way.

once the money stops flowing from the federal govt you can bet your little hiney the second or third or tenth round of layoffs will begin.

in 8 weeks there is no way in hell demand is going to be back to where it was, so they will not need anywhere near the levels of employment they used to.

it might be years before that.

So as people start going off unemployment/furlough at corporations out one door, in the other will be small business layoffs.

i support the program since it turns republicans into super hyper hypocritial idiots and shuts them down on a lot of their socialist reteric for a long time

[Daelak]

People keep going "Omg the companies are getting bailed out while the people get nothing!?!?"

Ok, what do you think is worse for people, a few months of not having any income or companies they work for going out of business and them never having a job to go back to?

The government can afford to give people money for a few months instead of bailing out businesses, absolutely. But if those businesses fail, the government can't afford to just provide for all the people losing their jobs in perpetuity.

Everyone is bitching about how they can't afford their bills the next month... Ok how about the prospect of not being able to afford your bills every month for the rest of your life beyond this crisis?

There is only so much money to go around.

Is that what you think happens when a company goes into bankruptcy?

[Rasulis]

When is a bottom not a bottom?

The United States Oil Fund is a popular exchange-traded security known for its ‘USO’ ticker. It is one of the largest and most liquid oil ETF. The fund’s structure called for it to buy futures in the nearest monthly contract, rolling to the next month’s contract two weeks before expiration.

Like any other oil-related funds, it took a beating this year and went from a high of $13.8 in January to $5.9 on April 3. About 55% drop. You would figure that it has hit bottom at that point. Which is a logical assumption.

A bunch of retail investors looking for a bottom to the rout bought the logic and flocked to the ETF in recent weeks. Their purchases led to another complication in the ETF’s rigging. So much stock was issued to account for their demand that the security exhausted the number of shares it was allowed to issue under past filings. USO on Monday had asked the U.S. Securities and Exchange Commission for permission to register an additional 4 billion shares.

Then the bloodbath started. That same day the oil markets crashed through the floor and USO went -25.06%. On Tuesday USO was down another 30%. The plunge likely upset a record number of traders. Investors piled $1.6 billion into USO last week alone for its biggest inflow since its 2006 creation. Since Friday's close, the ETF's price has declined roughly 43%.

[Breccia]

of course they want it lower, they get a fee for every loan so the more loans they can hand out.....bam.....profit city.

Small Business Rescue Earned Banks $10 Billion In Fees

The banks took in the fees while processing loans that required less vetting than regular bank loans and had little risk for the banks, the records show. Taxpayers provided the money for the loans, which were guaranteed by the Small Business Administration.

For every transaction made, banks took in 1% to 5% in fees, depending on the amount of the loan, according to government figures. Loans worth less than $350,000 brought in 5% in fees while loans worth anywhere from $2 million to $10 million brought in 1% in fees.

You might have a point, there.

[kaid]

Theres a lot of factors at play here and I don't know all of it, but yes, oil is strategic to Americas interests. They don't want to be beholden to other oil producing nations, most of them are dictatorships of some form.

The next bit is "oil is important", yea but if push comes to shove, why prop up uncompetitive American companies when you can buy it from Saudi or whoever unless we're going back to my first point. Sure, oil is strategic, but not at any cost.

Finally, cheap, affordable oil does quash the the desire and need to innovate. Shipping etc, esp things like rail don't have to rely on petrochemicals. Sure, its easy and convenient now but alternatives can be developed.

Still the oil is there even if the companies currently pumping it go broke. Worst case is this batch of companies goes belly up and then as soon as prices recover new companies form buy up distressed assets and start the fields up again. The hard work of finding the oil and drilling the holes is done so putting them back into action will happen the second it is economically feasible to do so.

[Rasulis]

Still the oil is there even if the companies currently pumping it go broke. Worst case is this batch of companies goes belly up and then as soon as prices recover new companies form buy up distressed assets and start the fields up again. The hard work of finding the oil and drilling the holes is done so putting them back into action will happen the second it is economically feasible to do so.

The hope is that instead of having thousands of independent oil operators (6,000 in Texas alone) pumping without regard to market condition, the US will end up with hundreds of operators and maybe a dozen dominant ones that will manage the resources intelligently.

[Omega10]

The hope is that instead of having thousands of independent oil operators (6,000 in Texas alone) pumping without regard to market condition, the US will end up with hundreds of operators and maybe a dozen dominant ones that will manage the resources intelligently.

So the basic result of this is that instead of the oil industries basically being capitalism (many many different companies), it'll be more like a monopoly with just a few companies in control?

[Zan15]

Small Business Rescue Earned Banks $10 Billion In Fees



You might have a point, there.

damn might be time to call this a low for banks and pile in some stocks.



JPMorgan says it has $26 billion in small business relief applications that need funding

That's at least another 260 million, maybe more like 350 million in fees...wait that math is wrong.....fixed

[Rasulis]

So the basic result of this is that instead of the oil industries basically being capitalism (many many different companies), it'll be more like a monopoly with just a few companies in control?

Yep. Seriously. Who in their right mind would leave the control of one of the most valuable natural resource in the world in the hands of thousands of independent contractors with little to no oversight. We don't do that with electricity or water.

[I Push Buttons]

I wonder how much lower it can go.

[Edge-]

Man...I need to see what prices are around me. Maybe it'll be under $3 gallon or...$2.50!

[Rasulis]

Man...I need to see what prices are around me. Maybe it'll be under $3 gallon or...$2.50!

California is special. We are an island when it comes to gasoline price. We also have California blends that no other states in the US, or countries in the world use. Only in California.

[Zan15]

Yep. Seriously. Who in their right mind would leave the control of one of the most valuable natural resource in the world in the hands of thousands of independent contractors with little to no oversight. We don't do that with electricity or water.

They are regulated, just not "controlled" like electricity and water

List of US electric companies by state

Alabama[edit]
Alabama Municipal Electric Authority
Alabama Power, a part of the Southern Company
PowerSouth
Tennessee Valley Authority
Wiregrass Electric Cooperative
Alaska[edit]
Alaska Electric Light & Power
Chugach Electric Association
Copper Valley Electric Association
Golden Valley Electric Association
Kodlak Electric Association
Municipal Light & Power
Arizona[edit]
Arizona Public Service
Salt River Project
Tucson Electric Power
UniSource Energy Services
Arkansas[edit]
Southwestern Electric Power Company
Entergy Arkansas, Inc.
California[edit]
Alameda Municipal Power
Anaheim Public Utilities
Azusa Light & Water
Burbank Water & Power
Direct Energy
East Bay Municipal Utility District
Glendale Public Service Department
Gridley Municipal Utilities
Healdsburg Municipal Electric Department
Imperial Irrigation District
Los Angeles Department of Water and Power
Nevada Irrigation District
Pacific Gas and Electric
Pasadena Water & Power
Pacific Power
Riverside Public Utilities
Sacramento Municipal Utility District
San Diego Gas & Electric
Santa Clara Electric Department
Sierra-Pacific Power
Southern California Edison
Southern California Public Power Authority
TID Water & Power - Turlock Irrigation District
Colorado[edit]
Public Service Company of Colorado, a subsidiary of Xcel Energy
Colorado Springs Utilities
Platte River Power Authority
United Power, Inc.
Connecticut[edit]
AVANGRID (The United Illuminating Company)
Direct Energy
Eversource Energy (Connecticut Light and Power)
Northeast Utilities
Delaware[edit]
Ambit Energy
City of Dover Electric Department
City of Milford Electric Department
City of Newark Electric Department
City of Seaford Electric Department
Delaware Electric Cooperative
Delaware Municipal Electric Corporation
Delmarva Power, a subsidiary of Exelon
Lewes Board of Public Works
Municipal Services Commission of the City of New Castle
Town of Clayton Electric Department
Town of Middletown Electric Department
Town of Smyrna Electric Department
Direct Energy
District of Columbia[edit]
PEPCO, a subsidiary of Exelon
Direct Energy
Florida[edit]
Beaches Energy Services
Central Florida Electric Cooperative
Choctawhatchee Electric Cooperative
City of Alachua Public Services Department
City of Bartow Electric Department
City of Blountstown Electric Department
City of Bushnell Utilities Department
City of Chattahoochee Electric Department
City of Fort Meade Utilities Department
City of Green Cove Springs Utilities Department
City of Lake Worth Utilities Department
City of Moore Haven Utilities Department
City of Mount Dora Electric Utility
City of New Smyrna Beach Utilities Commission
City of Newberry Electric Utility
City of Quincy Utilities Department
City of Starke Utilities Department
City of Tallahassee Utilities
City of Vero Beach Electric Utilities
City of Wachula Utilities
City of Williston Utilities Department
City of Winter Park Electric Utility Department
Clay Electric Cooperative
Clewiston Utilities
Duke Energy Florida, a part of Duke Energy
Escambia River Electric Cooperative
Florida Keys Electric Cooperative
Florida Municipal Power Agency
Florida Power & Light, a part of NextEra Energy
Florida Public Utilities, a part of Chesapeake Utilities
Fort Pierce Utilities Authority
Gainesville Regional Utilities
Glades Electric Cooperative
Gulf Coast Electric Cooperative
Gulf Power Company, a part of NextEra Energy
Homestead Public Services
JEA
Keys Energy Services
Kissimmee Utility Authority
Lakeland Electric
Lake Worth Utilities
Lee County Electric Cooperative
Leesburg Electric Department
Ocala Electric Utility
Okefenoke Rural Electric Membership Corporation
Orlando Utilities Commission
Palm Peach
Peace River Electric Cooperative
Progress Energy Florida
PowerSouth Energy Cooperative
Reedy Creek Energy Services
St. Cloud Utilities
Seminole Electric Cooperative
Sumter Electric Cooperative
Suwannee Valley Electric Cooperative
Talquin Electric Cooperative
TECO Energy, a part of Emera
Town of Havana Utilities
Tri-County Electric Cooperative
West Florida Electric Cooperative
Withlacoochee River Electric Cooperative
Georgia[edit]
Georgia Power, a part of the Southern Company
Municipal Electric Authority of Georgia (MEAG Power)
Oglethorpe Power
Tennessee Valley Authority
Altamaha EMC
Amicalola EMC
Blue Ridge Mountain EMC
Canoochee EMC
Carroll EMC
Central Georgia EMC
Coastal Electric Cooperative
Cobb EMC
Colquitt EMC
Coweta-Fayette EMC
Diverse Power Inc.
Diverse Power Inc. - Pataula District
Excelsior EMC
Flint Energies
Grady EMC
GreyStone Power Corp.
Habersham EMC
Hart EMC
Irwin EMC
Jackson EMC
Jefferson Energy Cooperative
Little Ocmulgee EMC
Marietta Power
Middle Georgia EMC
Mitchell EMC
North Georgia EMC
Ocmulgee EMC
Oconee EMC
Okefenoke REMC
Planters EMC
Rayle EMC
Satilla REMC
Sawnee EMC
Slash Pine EMC
Snapping Shoals EMC
Southern Rivers Energy
Sumter EMC
Three Notch EMC
Tri-County EMC
Tri-State EMC
Upson EMC
Walton EMC
Washington EMC
Direct Energy
Hawaii[edit]
Hawaiian Electric Company (HECO), Oʻahu subsidiary of Hawaiian Electric Industries
Hawaiian Electric Light Company (HELCO), Island of Hawaiʻi subsidiary of Hawaiian Electric Industries
Kauaʻi Island Utility Cooperative (KIUC)
Maui Electric Company (MECO), Maui County subsidiary of Hawaiian Electric Industries
Idaho[edit]
Avista
Clearwater Power
IDACORP (Idaho Power)
PacifiCorp (Rocky Mountain Power)
Illinois[edit]
Ambit Energy
Ameren
Champion Energy
City Water, Light & Power (Springfield, Illinois)
ComEd, a subsidiary of Exelon
Direct Energy
Indiana[edit]
American Electric Power (Indiana Michigan Power)
Cinergy Corporation
Duke Energy
Indiana Municipal Power Agency
Indianapolis Power & Light
NiSource
Northern Indiana Public Service Company
Vectren (Southern Indiana Gas & Electric Company)
Iowa[edit]
Interstate Power and Light Company, a part of Alliant Energy
MidAmerican Energy
Kansas[edit]
Kansas City Board of Public Utilities
Kansas City Power and Light Company
Westar Energy
Kentucky[edit]
American Electric Power
Cinergy Corporation
Direct Energy
Duke Energy
Kentucky Utilities
Louisville Gas & Electric
Owensboro Municipal Utilities
Tennessee Valley Authority
Louisiana[edit]
CLECO
Entergy
SWEPCO, a subsidiary of American Electric Power
Maine[edit]
AVANGRID (Central Maine Power)
Direct Energy
Emera (Bangor Hydro Electric)
Maryland[edit]
A&N Electric Cooperative
Agway Energy Services
Allegheny Electric Cooperative
Ambit Energy
Baltimore Gas and Electric, a subsidiary of Exelon
Berlin Electric Utility Department
Champion Energy
Choptank Electric Cooperative
Conectiv, a subsidiary of PEPCO which is a subsidiary of Exelon
Delmarva Power, a subsidiary of Exelon
Direct Energy
Easton Utilities
FirstEnergy (Potomac Edison)
Hagerstown Light Department
Just Energy
Southern Maryland Electric Cooperative (SMECO)
Town of Thurmont Municipal Light Company
Town of Williamsport Utilities
Massachusetts[edit]
Ashburnham Municipal Light
Berkshire Company (WMECO)
Braintree Electric Light Department
Boylston Electric Light Department
Chester Municipal Electric Light
Chicopee Electric Light Department
Concord Municipal Light Plant
Danvers Electric Department
Eversource Energy (NSTAR, Western Massachusetts Electric)
Georgetown Electric Department
Gosnold Municipal Electric Plant
Groton Electric Department
Groveland Light Department
Hingham Municipal Light Department
Holden Municipal Light Department
Holyoke Gas and Electric
Hudson Light and Water Department
Hull Electric Light Department
Ipswich Electric Light Department
Littleton Electric Light and Water Department
Marblehead Municipal Light Department
Mansfield Municipal Light Department
Merrimac Light and Water Department
Middleboro Municipal Gas and Electric Department
Middleton Municipal Light Department
National Grid (Massachusetts Electric, Nantucket Electric)
North Attleboro Electric Department
Northeast Utilities
Norwood Electric Light Department
NSTAR
Paxton Municipal Light Department
Peabody Municipal Light Plant
Princeton Electric Light Department
Reading Municipal Light Department
Rowley Electric Light Department
Russell Municipal Light Department
Shrewsbury Electric Light Department
South Hadley Electric Light Department
Sterling Electric Light Department
Taunton Municipal Light Plant
Templeton Municipal Light Company
Unitil Corporation
Wakefield Municipal Gas and Light Department
Wellesley Municipal Light Plant
West Boylston Municipal Lighting
Westfield Gas and Electric Department
PTI Electric Department
Direct Energy
Michigan[edit]
Alger Delta Electric Cooperative
Alpena Power Company
American Electric Power (Indiana Michigan Power)
Cherryland Electric Cooperative
Cloverland Electric Cooperative (Cloverland acquired Edison Sault Electric Company in 2009)
Consumers Energy
DTE Energy (DTE Energy Electric Company)
Great Lakes Energy Cooperative
Holland Board of Public Works
Homeworks Tri-County Electric Cooperative
Lansing Board of Water & Light
Lowell Light and Power
Midwest Energy & Communications (Cooperative)
Ontonagon County REA (Cooperative)
Presque Isle Electric & Gas Cooperative
Thumb Electric Cooperative
Upper Peninsula Power Company
We Energies
Wyandotte Municipal Services
Minnesota[edit]
Basin Electric Power Cooperative
Dairyland Power Coop
East River Electric Power Co-op
Freeborn-Mower Co-op Services
Great River Energy, and its 28 member cooperatives
Hutchinson Utilities Commission
Interstate Power and Light Company
L&O Power Co-op
Marshall Municipal Utilities
Minnkota Power Cooperative, and its 11 member cooperatives
Minnesota Power
Missouri River Energy
Northern States Power Company, a subsidiary of Xcel Energy
People's Co-op Tri-County Electric
Otter Tail Power Company
Rochester Public Utilities Commission
Southern Minnesota Municipal Power Agency
Willmar Municipal Utilities
Xcel Energy
Mississippi[edit]
Entergy Mississippi
Magnolia Electric Power
Mississippi Power, a part of the Southern Company
Cooperative Energy, formerly South Mississippi Electric Power Association[2]
Tennessee Valley Authority
Missouri[edit]
Ameren
Aquila
City Utilities of Springfield
Empire District Electric Company
Independence Power and Light
Kansas City Power and Light Company
Montana[edit]
Central Montana Electric Power Cooperative
Montana-Dakota Utilities (MDU)
Montana Electric Cooperatives' Association
Northwestern Energy
Nebraska[edit]
Nebraska Public Power District
Omaha Public Power District
Lincoln Electric System
Nevada[edit]
NV Energy (Nevada Power)
Sierra Pacific Power
New Hampshire[edit]
Eversource Energy (Public Service Company of New Hampshire)
Liberty Utilities (including Granite State Electric)
New Hampshire Electric Cooperative
Northeast Utilities
National Grid
Unitil Corporation
New Jersey[edit]


WAPDA
GANDU Electric,heavy electric
Atlantic City Electric, a subsidiary of Exelon
Borough of Madison Electric Utility
Borough of Milltown Electric Department
Borough of Park Ridge Electric Department
Borough of Seaside Heights Electric Utility
Borough of South River Electric Department
Butler Power and Light
Direct Energy
FirstEnergy (Jersey Central Power and Light Company)
Lavallette Electric Department
Northeast Utilities
Pemberton Borough Electric Department
Public Service Electric and Gas Company (PSE&G)
Rockland Electric, a subsidiary of Orange and Rockland, which is a subsidiary of Consolidated Edison
South Jersey Industries
Sussex Rural Electric Cooperative
Vineland Municipal Electric Utility
New Mexico[edit]
El Paso Electric
Public Service Company of New Mexico
Southwestern Public Service Company, a subsidiary of Xcel Energy
New York[edit]
Central Hudson Gas & Electric
CH Energy Group
Consolidated Edison Company of New York, subsidiary of Consolidated Edison
Direct Energy
East Coast Power & Gas
Long Island Power Authority (LIPA), operated by PSEG Long Island
National Grid (Niagara Mohawk)
New York Power Authority (NYPA)
New York State Electric & Gas, subsidiary of AVANGRID
Orange and Rockland, which is a subsidiary of Consolidated Edison
Northeast Utilities
Rochester Gas & Electric, subsidiary of AVANGRID
North Carolina[edit]
Albemarle Electric Membership Corporation
Blue Ridge Energy
Brunswick Electric Membership Corporation
Cape Hatteras Electric Cooperative
Carteret-Craven Electric Cooperative
Central Electric Membership Corporation
City of Concord Electric Departmemt
Dominion North Carolina Power
Duke Energy
Edgecombe-Martin County Electric Membership Corporation
EnergyUnited
Four County Electric Membership Corporation
French Broad Electric Membership Corporation
Halifax Electric Membership Corporation
Haywood Electric Membership Corporation
Jones-Onslow Electric Membership Corporation
Lumbee River Electric Membership Corporation
North Carolina Electric Membership Corporation
Pee Dee Electric Membership Corporation
Piedmont Electric Membership Corporation
Pitt & Greene Electric Membership Corporation
Randolph Electric Membership Corporation
Roanoke Electric Cooperative
Rutherford Electric Membership Corporation
South River Electric Membership Corporation
Surry-Yadkin Electric Membership Corporation
Tennessee Valley Authority
Tideland Electric Membership Corporation
Tri-County Electric Membership Corporation
Union Power Cooperative
Wake Electric Membership Corporation
North Dakota[edit]
Basin Electric Power Cooperative
Central Power Electric Cooperative
Montana Dakota Utilities (MDU)
Minnkota Power Cooperative
Northern States Power Company, a subsidiary of Xcel Energy
Otter Tail Power Company
Upper Missouri Power Cooperative (Upper Missouri G&T Cooperative)
Xcel Energy
Ohio[edit]
American Electric Power
Cinergy Corporation
Cleveland Electric Illuminating Company, subsidiary of FirstEnergy
Consolidated Electric Cooperative
Dayton Power & Light
Direct Energy
Duke Energy
FirstEnergy
Ohio Edison, subsidiary of FirstEnergy
South Central Power Company
Toledo Edison, subsidiary of FirstEnergy
Oklahoma[edit]
East Central Electric Cooperative (http://www.ecoec.com)
Oklahoma Gas & Electric
Public Service Company of Oklahoma (part of American Electric Power)
Western Farmers Electric Cooperative
Oregon[edit]
Columbia River Public Utility District
Eugene Water & Electric Board (EWEB)
IDACORP (Idaho Power)
PacifiCorp (Pacific Power)
Portland General Electric
West Oregon Electric Cooperative
Pennsylvania[edit]
Adams Electric Cooperative
Allegheny Electric Cooperative
Bedford Rural Electric Cooperative
Borough of Ephrata Electric Division
Borough of Hatfield Electric Utility
Borough of Kutztown Electric Department
Borough of Quakertown Electric Department
Borough of Schuylkill Haven Utilities Department
Central Electric Cooperative
Citizen's Electric Company
Claverack Rural Electric Cooperative
Direct Energy
Duquesne Light
FirstEnergy (Met-Ed, Penelec, Penn Power, West Penn Power)
Lansdale Electric
New Enterprise Rural Electric Cooperative
Northeast Utilities
Northwestern Rural Electric Cooperative
PECO, a subsidiary of Exelon
Perkasie Borough Electric Department
Pike County Light & Power
PPL Electric Utilities
REA Energy Cooperative
Rural Valley Electric Co.
Somerset Rural Electric Cooperative
Sullivan County Rural Electric Cooperative
Tri-County Rural Electric Cooperative
UGI Utilities
United Electric Cooperative
Valley Rural Electric Cooperative
Warren Electric Cooperative
Wellsboro Electric Company
Puerto Rico[edit]
Autoridad de Energía Eléctrica
EcoEléctrica
Rhode Island[edit]
Direct Energy
National Grid (Narragansett Electric)
Northeast Utilities
Pascoag Utility District
South Carolina[edit]
Aiken Electric Co-Op
Central Electric Power Cooperative, Inc.
Duke Energy
Progress Energy Carolinas
Santee Cooper
South Carolina Electric & Gas Company
Tri-County Electric Co-Op
South Dakota[edit]
Black Hills Power
East River Electric Cooperative
MidAmerican Energy Company
Montana-Dakota Utilities (MDU)
Northern States Power Company, a subsidiary of Xcel Energy
Northwestern Energy
Otter Tail Power Company
Rushmore Eletric Cooperative
Xcel Energy
Tennessee[edit]
Citizens Utilities Board
Electric Power Board
Kingsport Power (Appalachian Power)
Knoxville Utilities Board
Lenoir City Utilities Board
Memphis Light, Gas and Water
Nashville Electric Service
Tennessee Valley Authority
Texas[edit]
American Electric Power
Amigo Energy
Austin Energy
Bartlett Electric Cooperative
Brazos Electric Power Cooperative
CenterPoint Energy
City of Bryan
City of Greenville
Comanche Electric Cooperative
CoServ Electric
Cosery Electric
CPS Energy
Denton Municipal Electric
Direct Energy
dPi Energy
El Paso Electric
Electric Database Publishing
Entergy
Entrust Energy
Fort Belknap Electric Cooperative
Garland Power & Light
GDF SUEZ Energy Resources
Golden Spread Electric Cooperative
Hudson Energy
Hamilton County Electric Cooperative
Heart of Texas Electric Cooperative
HILCO Electric Cooperative
J-A-C Electric Cooperative
Lower Colorado River Authority
Luminant
MidSouth Synergy
Navarro County Electric Cooperative
Navasota Valley Electric Cooperative
Oncor Electric Delivery (Formerly TXU)
Pedernales Electric Cooperative
PenTex Energy
Reliant Energy
South Plains Electric Cooperative
Southwestern Public Service Company, a subsidiary of Xcel Energy
Texas Electric Service Company
Texas New Mexico Power
Tara Energy
Tri-County Electric Cooperative
TXU Energy
United Cooperative Services
Wise Electric Cooperative
Utah[edit]
Intermountain Power Agency (IPA)
PacifiCorp (Rocky Mountain Power)
Vermont[edit]
Burlington Electric Department
Central Vermont Public Service
Gaz Métro (Green Mountain Power)
Vermont Electric Cooperative
Washington Electric Cooperative
Virginia[edit]
A&N Electric Cooperative
Appalachian Power, a subsidiary of American Electric Power
BARC Electric Cooperative
Community Electric Cooperative
Craig-Botetourt Electric Cooperative
Danville Utilities
Dominion Virginia Power
Mecklenberg Electric Cooperative
Northern Neck Electric Cooperative
Northern Virginia Electric Cooperative
Old Dominion Electric Cooperative
Prince George Electric Cooperative
Rapahannock Electric Cooperative
Shenandoah Valley Electric Cooperative
Southside Electric Cooperative
Washington[edit]
Avista Utilities
Benton County Public Utility District
Chelan County Public Utility District
Clark Public Utilities
Douglas County Public Utility District
Franklin County Public Utility District
Grant County Public Utility District
Klickitat Public Utility District
Mason County Public Utility District 3
Orcas Power and Light Coop (OPALCO)
PacifiCorp (Pacific Power)
Peninsula Light Co
Pend Oreille County Public Utility District
Puget Sound Energy
Seattle City Light
Snohomish County Public Utility District
Tacoma Power
Tanner Electric Coop
West Virginia[edit]
Allegheny Electric Cooperative (Allegheny Power), a subsidiary of PEPCO which is a subsidiary of Exelon
Appalachian Power, a subsidiary of American Electric Power
FirstEnergy (Mon Power, Potomac Edison)
Wheeling Electric Power (AEP Ohio)
Wisconsin[edit]
Dairyland Power Cooperative (and its 25 member cooperatives)
Madison Gas and Electric
Northern States Power Company-Wisconsin, a subsidiary of Xcel Energy
We Energies
Wisconsin Power and Light Company, a part of Alliant Energy
Wisconsin Public Service Corporation
Xcel Energy
Wyoming[edit]
Cheyenne Light, Fuel & Power
Lower Valley Energy
PacifiCorp (Rocky Mountain Power)

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I wonder how much lower it can go.

We have a price war by one of the few truck stops in the state.

1.15-1.19 between 4 stations.

The next lowest price in state is all the "clubs" like BJ's and Costco around 1.49-1.59

But 8 miles away the cheapest around here is 1.69.

its crazy the variances.
Places in the north hills in the middle of nowhere are 1.49 and here right in the main part of the state its more???

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The hope is that instead of having thousands of independent oil operators (6,000 in Texas alone) pumping without regard to market condition, the US will end up with hundreds of operators and maybe a dozen dominant ones that will manage the resources intelligently.

if its that important then it should be price regulated like electric and water.
Hell if its that important then it should be a country controlled resource and we could have our healthcare paid for by the profit like other countries do.

[Rasulis]

They are regulated, just not "controlled" like electricity and water

List of US electric companies by state



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We have a price war by one of the few truck stops in the state.

1.15-1.19 between 4 stations.

The next lowest price in state is all the "clubs" like BJ's and Costco around 1.49-1.59

But 8 miles away the cheapest around here is 1.69.

its crazy the variances.
Places in the north hills in the middle of nowhere are 1.49 and here right in the main part of the state its more???

You are only looking at best a dozen companies per state. Many of them are under the umbrella of a larger company. Not 6,000 in Texas alone.

As for oil regulation, it varies widely from states to states. For all practical purposes, it is still the wild wild west in Texas, North Dakota, Oklahoma, etc. An operator siphoning oil from an adjacent operator acreage is not uncommon practice.

if its that important then it should be price regulated like electric and water.
Hell if its that important then it should be a country controlled resource and we could have our healthcare paid for by the profit like other countries do.

I am of the opinion that we should. I am sure I am in the minority.

[Zan15]

You are only looking at best a dozen companies per state. Many of them are under the umbrella of a larger company. Not 6,000 in Texas alone.

As for oil regulation, it varies widely from states to states. For all practical purposes, it is still the wild wild west in Texas, North Dakota, Oklahoma, etc. An operator siphoning oil from an adjacent operator acreage is not uncommon practice.

I am of the opinion that we should. I am sure I am in the minority.

The vast majority of states have Zero oil...thus zero companies. Every state has at least a handful of electric providers and producers.

We have 4 major electric companies and 6 minor from what I can see including one local generating company because of a small dam.

But on top of that we also have a couple dozen electric suppliers to choose from.

there are only 3 million of us...lol.