Thread 'The Seti is Slumbering Cafe'

Author	Message
Les Bayliss Help desk expert Send message Joined: 25 Nov 05 Posts: 1654	Message 97927 - Posted: 21 Apr 2020, 1:55:54 UTC Ah, they're looking for people to store it for them. This from a local news blog: US to purchase up to 75 million barrels of oil US President Donald Trump says they'll be put into the strategic reserve for the first time in decades. The announcement comes as oil prices plunged below zero for the first time ever with demand plummeting because of the coronavirus pandemic. "Based on the record low price of oil, we're filling up our national petroleum reserves, the strategic reserves," Mr Trump said. "We're looking to put as much as 75 million barrels." ID: 97927 · Reply Quote

betreger Volunteer tester Help desk expert Send message Joined: 18 Oct 14 Posts: 1487	Message 97928 - Posted: 21 Apr 2020, 2:00:49 UTC - in response to Message 97919. So no one posting about the stellar price of US oil then, ey? What did it end at, -$35 per barrel? Edit: now back up to -$16.- per barrel: https://tradingeconomics.com/commodity/crude-oil This makes sense in a weird way. It is the futures market. Some months ago you promised to buy some oil at a fixed price hoping the market price would be higher than the price you promised. Unfortunately the world demand for oil dropped big time due to the lack of demand because of the pandemic . Oil companies stored as much as they had room for but now the storage is full. Tuesday is the due date for these futures. so you are going to be stuck with cheap oil but no place to put it so you pay someone to take it, hence a negative price. ID: 97928 · Reply Quote

Gary Charpentier Send message Joined: 23 Feb 08 Posts: 2493	Message 97930 - Posted: 21 Apr 2020, 4:04:51 UTC - in response to Message 97928. Last modified: 21 Apr 2020, 4:05:26 UTC So no one posting about the stellar price of US oil then, ey? What did it end at, -$35 per barrel? Edit: now back up to -$16.- per barrel: https://tradingeconomics.com/commodity/crude-oil This makes sense in a weird way. It is the futures market. Some months ago you promised to buy some oil at a fixed price hoping the market price would be higher than the price you promised. Unfortunately the world demand for oil dropped big time due to the lack of demand because of the pandemic . Oil companies stored as much as they had room for but now the storage is full. Tuesday is the due date for these futures. so you are going to be stuck with cheap oil but no place to put it so you pay someone to take it, hence a negative price. Slightly worse than that. All the futures are for delivery at a specific place, which happens to store oil. It is slightly over 3/4 full, and that is before the contracts expire. So what do you do? Pay storage fees on worthless product? That's like airlines parking planes. So you beg someone to take your oil. They don't want it because like you they would have to pay to store it. Mind you the prices are for the May contract, the June contract was still on the plus side. If it tanks too, well, the producers will have to stop the pumps and leave it in the ground. Won't have anyplace to put it if they pumped it up. This negative price will do more to stop the Keystone pipeline than all the regulations, environmental protests and court casts put together. Drill baby Drill, and we didn't or there would be a huge government bailout of oil! ID: 97930 · Reply Quote

juan BFP Send message Joined: 2 Jan 18 Posts: 170	Message 97937 - Posted: 21 Apr 2020, 15:03:35 UTC SETI@home is temporarily shut down for maintenance. Please try again later. Do we have an unscheduled festivities today? Starting the sacrifice with an Irish Coffee is 10 AM here. :( ID: 97937 · Reply Quote

unixchick Send message Joined: 28 Mar 18 Posts: 132	Message 97942 - Posted: 21 Apr 2020, 15:37:15 UTC Last modified: 21 Apr 2020, 15:37:41 UTC I've lost track of what day of the week it is. The seti maintenance shutdown shook me. It is Tuesday! I'm here and I'm sorry to say that my alcohol stash is rather small at the moment, so I'll do more howling than drinking. edit: belated congrats to Richard! ID: 97942 · Reply Quote

Byron Leigh Hatch @ team Carl ... Send message Joined: 30 Aug 05 Posts: 505	Message 97943 - Posted: 21 Apr 2020, 15:38:21 UTC it's up now but I don't know for how Long ? https://setiathome.berkeley.edu/ ID: 97943 · Reply Quote

Gary Charpentier Send message Joined: 23 Feb 08 Posts: 2493	Message 98071 - Posted: 25 Apr 2020, 20:02:34 UTC - in response to Message 97884. .It seems Dull has been on sabbatical for a while. He came back and went away again in record time. Wonder if that means double length? ID: 98071 · Reply Quote

betreger Volunteer tester Help desk expert Send message Joined: 18 Oct 14 Posts: 1487	Message 98072 - Posted: 25 Apr 2020, 20:10:04 UTC - in response to Message 98071. He created a new thread about his grocery shopping, it got 2 comments and then the whole thread disappeared. Unable to handle request This thread has been hidden by moderators. ID: 98072 · Reply Quote

Dave Help desk expert Send message Joined: 28 Jun 10 Posts: 2698	Message 98101 - Posted: 27 Apr 2020, 19:40:49 UTC May not have made any difference to SETI but my sacrifice (large glass of mead) seems to have brought these forums back. ID: 98101 · Reply Quote

betreger Volunteer tester Help desk expert Send message Joined: 18 Oct 14 Posts: 1487	Message 98123 - Posted: 28 Apr 2020, 15:18:36 UTC SETI@home is temporarily shut down for maintenance. ID: 98123 · Reply Quote

juan BFP Send message Joined: 2 Jan 18 Posts: 170	Message 98124 - Posted: 28 Apr 2020, 15:48:35 UTC Will start the sacrifice season with few Irish coffee. ID: 98124 · Reply Quote

Dr Who Fan Send message Joined: 10 May 07 Posts: 1443	Message 98125 - Posted: 28 Apr 2020, 15:49:13 UTC - in response to Message 98123. Anyone want to guess how many hours it will be down? Will it be down long enough to start our ritual of howling at the moon and burning hair? ID: 98125 · Reply Quote

betreger Volunteer tester Help desk expert Send message Joined: 18 Oct 14 Posts: 1487	Message 98126 - Posted: 28 Apr 2020, 16:05:20 UTC The need to smell the acrid stench of burn't hair is a powerful thing. ID: 98126 · Reply Quote

Keith T Send message Joined: 26 Feb 07 Posts: 71	Message 98127 - Posted: 28 Apr 2020, 16:05:48 UTC SETI website is back. ID: 98127 · Reply Quote

Richard Haselgrove Volunteer tester Help desk expert Send message Joined: 5 Oct 06 Posts: 5129	Message 98128 - Posted: 28 Apr 2020, 16:05:51 UTC - in response to Message 98123. Whereas, the auto-message first thing this morning still said they were foregoing maintenance this week. They've forgotten to change that back again (as, I suspect, an awful lot of things have been forgotten or neglected). ID: 98128 · Reply Quote

Sirius B Send message Joined: 12 Jun 09 Posts: 2102	Message 98333 - Posted: 5 May 2020, 15:07:52 UTC It's down. ID: 98333 · Reply Quote

juan BFP Send message Joined: 2 Jan 18 Posts: 170	Message 98334 - Posted: 5 May 2020, 15:16:20 UTC Time for an Irish coffee as part of the usual sacrifice. ID: 98334 · Reply Quote

betreger Volunteer tester Help desk expert Send message Joined: 18 Oct 14 Posts: 1487	Message 98449 - Posted: 12 May 2020, 15:34:36 UTC 8:30 AM PDT, has the outage gone into quarantine? ID: 98449 · Reply Quote

betreger Volunteer tester Help desk expert Send message Joined: 18 Oct 14 Posts: 1487	Message 98450 - Posted: 12 May 2020, 16:32:30 UTC It's down, life is good but sheltering in place sucks. ID: 98450 · Reply Quote

juan BFP Send message Joined: 2 Jan 18 Posts: 170	Message 98455 - Posted: 12 May 2020, 17:03:44 UTC Last modified: 12 May 2020, 17:04:08 UTC As usual, I will do my part of the sacrifice. Starting with few Very Cold Coronas, is very hot here. ID: 98455 · Reply Quote

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