OIL AT $29.66 TIME TO GET COMFY

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>>61061790

what do you think is going to happen? oil is going to get so cheap no one will buy it?

Always fun watching your country go down the toilet

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Alberta here
Can confirm not comfy.

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Well then.

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>>61061986
>>61061896
RIP russian and alberta bros.

>>61061861
Hey. Dumb Ameriburger here. Can someone explain the oil price=the happening to me.

Was disappointed by how much exports were of a share of Russia's GDP than I expected.

Oh well, at least Saudi Arabia will suffer. Bastard spending 10% of GDP on their military deserve it.

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>>61061896
>he takes oil out of sand

>>61061790
Shouldn't burgers be fucked aswell?
I always thought the dollar is directly linked to oil, hence petrodollar.

I know you guys have other resources, unlike Russia, so how big of a dent will this cause?

>>61062062
Russia produces no goods, has to rely on oil / gas

Saudis fuck with oil price to cuck Russians and Burgers

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>>61061790
>oilfags fw
JUST
U
S
T

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>>61062062
It doesn't hurt us. The evil russians and dunecoons are trying to shutdown domestic oil production. US is calling their bluff and oil will keep keep falling.

It hurts Russia, Arabia, and Canada because they export lots of oil

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Steam sales Oil edition

>>61062162
>Saudis fuck with oil price to cuck Russians and Burgers

haha what the fuck ya talking about Hans? This is hurting the A-rabs more than anyone else

>>61062209
NORWAY IS GOING DOWN

>>61062062
Go do some reading on Saudi Arabia's economy. They have practically no cash at all left and are completely reliant on oil prices because their country is worthless without their black slime

>>61062273
Our dollar is just as fucked as Canada's.

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ahahahahahaha
get fucked russkies
putler btfo

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>>61062162
Yeah it could destabilize the already shitty economy. Either way I can't bring myself to care. The apathy she is like tar pit.

>>61062273
Wait, I thought the Saudis were in charge of this shit.

Are they not responsible for it?

Murica is fucking over the Saudis for bankrolling ISIS.

>Saudis pumping oil out of the ground at record rates
>Iranian oil about to hit the open market
>Saudis hellbent on putting US producers out of business
>gas is hovering just about $1.50

Why are the Saudis trying to ruin western oil producers? Wouldn't it benefit the Saudis to keep oil around $100 a barrel? They get more money, and the western companies can stay competitive. Everyone wins.

In this scenario, the Saudis are getting less money than ever and having to work double or triple time to pump that shit out of the ground. Sure, in this case they're still making a profit, but not as much of a profit as when oil was $100 a barrel. Why do they have it out for the west? Did we offend them or do they just hate competition?

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pls no more now

>>61062335

It doesn't seem to be hurting us as much, our economy is less connected to America

KEEP DROPING
MY 13MPG AWD EXPLORER DEMANDS IT

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>THREAD THEME
https://www.youtube.com/watch?v=bUFWXpYJKaI

>>61062062
The fact that oil is dropping is proof of a global slowdown. It's the one thing Central Banks can't manipulate because it's produced en masse by large countries and free market companies.

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>>61062162
>I always thought the dollar is directly linked to oil, hence petrodollar.

The dollar will be stable so long as everyone else is less stable. It's a bit of circular logic

>>61062365
It's called business

>gas still $3 in California

REEEEEEEEEEEEEEEEEEEEEE

>>61062223
It definitely affects the US.

Americans don't export Oil but you produce a lot that is consumed domestically

The dropping prices is putting pressure on American Oil and Natural Gas prices because they can't compete

They will go out of business

Rest in peace North Dakota

>>61062811
> commiefornia

>>61062811
Maximum cuck, its in the $1.70's here in KY.

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>>61061790
>mfw Arabs anally anguished
>mfw Canacucks Colon Crunched
>mfw Russians Rectum Ravaged
>mfw I'm just cosy and comfy

>>61062830
Damn, good point senpai.

Houston's fucked too.

>>61062663
it needs to remain stable, constantly edging towards more stable.
if it ever gets less-stable, it'll blow up

>>61062365
Why share the pie when you can have ALL THE FUCKING PIE

DIDN'T YOU WATCH THERE WILL BE BLOOD

>>61062811
Oh darn that must be horrible for you, it's $1.70 in "flyover states"

>>61062811
still 1.22€ here, thats for ONE liter

>>61062830
And yet prices a cut dramatically
meaning there is a surplus

We really need to drill a fuckload more. Why the hell are we paying sandniggers for-

>EPA

fuck our lives

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>Mfw falling Oil prices has a negligible affect on Australian prices because our dollars value is falling in tandem

>>61062811
>Tfw
>Texas student
>drive home often
>4x4 large truck
>parents gave me a gas card with a $700 credit limit per month so I could visit home
>used to max it out monthly
>now have $300 a month in gas station beer and chewing tobacco
If I didn't have an internship in the oil industry I'd be happy.

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>>61062407
'merica

>>61062365
F a m, those Saudi royals have a bigger pile of reserve cash than the aggregated amount of shit in India. They'll be fine in the "short" run.

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>>61061790
Canada Alberta fag here. I no longer fear death.

>>61062162
and the rest of the worlds currencies are linked to the ameridollar. australia for example likes to gimp our dollar to increase american purchasing power so you keep buying our cows, sheep and sugar.

>>61062353
They did cause it only the action has gotten away from them. The idea was to continue pumping out oil to drive the price down and run all the shale oil and frackers out of the game. Only the OPECs are burning through their reserve cash too fast.

>>61063170
Not even a little bit senpai?

buy bullets and canned food just in case pls

>>61063170

Same here, brah. Be a welder they said. Why did I listen.

>>61062811
Texas reporting in at $1.46

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>>61061790
Fuck it, man! We need to open up Alaska and DRILL BABY DRILL

>>61062062
OPEC, led by the Saudis have a gigantic amount of oil resources and want more money.

So now they are flooding the oil market to drive out competition, particularly American fracking businesses and raping the Canadian dollar on the side, since Canada is heavily dependent on this sort of shit.

The idea is once all of their competition is driven out, they'll raise the price of oil uncontested and make a ton of money.

>>61063263
I miss home fumunglia

>>61062879

Shit not in Lexington unless it has in just the past couple days. Have yet to see under two bucks per gallon.

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>>61062830
it will hurt domestic oil temporarily, but the US will mostly be fine
>>61062977
basically yes, but not easy to do.

>>61062405
fucking ausfag,shutup. have you seen the ausdollar? our government likes to tie it to the ameridollar for 50c. the only reason why it wouldnt matter to you is if you live in a tin shed in the middle of rural victoria. the cost of fucking your cousins doesnt rise in relation to oil prices. now ride your kangaroo into town and take a look at how goddamn expensive everything is.

look at the mines failing. look at all the layoffs, the rural towns closing down for business faster than ever. us being able to ship coal was dependant on oil being wildly expensive, making shitty polution coal cheap enough to warrant burning it.

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>>61063308
Which they'll never be able to do. It's a natural resource, not a clothing manufacture. The Saudis need it more than us. They're basically shooting themselves in the foot

>>61061790
I won't be comfy until oil prices drop enough to destroy the House of Saud and lead those degenerates to the day of the rope.

>>61063480

Cheeseburgers still cost the same.

Mine layoffs have nothing to do with oil rofl

>>61062811

$5.50 a gallon here, of which $4.10/gallon is taxes.

>>61063308
for those who didnt notice, this is what caused the gulf war and gulf war 2. they do it and our only response to it has been to pick a random opec country and bomb it to shit as an example of why not to fuck us around.

>>61062830
Texas oilfields stsrted shutting diwn this time last year.

Plus the isis oil is still making prices drop because no taxes and no traceability is always a plus.

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>>61063622
>$4.10/gallon is taxes
sounds like you need to dump the gas into the harbor

>>61063616
are you saying that coal speculation had nothing to do with the ever growing record oil prices? and our mining booms flow on to the construction industry wasnt linked to said speculation?

right now as it stands, our government is shitting itself because the only way that liberals know how to balance our budget is to asset strip. rental prices go high, sell property to foreign investors, increase welfare rent assistance, government welfare money flows overseas to foreign investors. but net gdp growth for this year eh?

>>61062162
Petrodollar is a Chomsky-tier meme that needs to die.

>>61063838
lets say fuck it and release the war reserves

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>>61063308
>The idea is once all of their competition is driven out, they'll raise the price of oil uncontested and make a ton of money.


which is a pants on head retarded way of thinking.

many oil companies in ND have already mothballed many of their wells to just wait out the "storm"

it is totally asinine of them to think production will never again resume.

>oil price goes back up
>mothballed wells are re-opened to take advantage
>price goes back down
>OPEC back to square zero.

>>61063622
They should make your gas free like healthcare that will fix it.

>>61062365
in a nutshell, force out infrastructure changes in America and elsewhere (prevalence/ease of fracking, number of pipelines) before they get a prolonged foothold and no longer need to grow to sustain themselves.

and when the saudis run out of oil, then we safely glass over the entire peninsula

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Time to start driving these

>>61061896

It's all over for us, m8.

>>61063949
you cant just start up production right away. it takes months, years for all the wells to come back online again. then the mudslimes rinse and repeat.

>>61063728
underrated post

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>>61061790
>Who /comfy/ here
Fuck you!!!!

when will we see Hummers drive right over those faggy toyota prius?

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29.65 THE REBOUND IS OVER.

29.65

THIS IS NOT A DRILL (heh)

>>61063667
An important reason why the west needs Trump. He'll outright reject bad trade and bully the Saudis over stuff like this.

>>61063949
Which is wise for ND. I'm not saying the Saudis' plan is foolproof but they and their ilk have literally nothing going on economically except oil.

>>61064078
>tfw own a prius
>tfw fill up my gas tank once a month

it's a comfy feel

>>61064001
cant wait for the day mecca begins to glow

>>61062062
The Chinks have been faking their growth numbers for years (7% growth meme), while in reality their activity has slowed a lot.
So the oil counter-shock we are experiencing is a also a sign of china's plummeting demand and slowing economy.
If China crumbles, habbidin will habben.

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>>61061790
meanwhile in t. alberto barbosa petrol (gasoline) still over € 1/L (€4/gal)

>>61063833
2017 Aus crash
/pol never wrong.
possibly this year.

We are more tied to ching chong than yankee

>>61064100

29.44! already

ITS HAPPENING

>>61063949
All you need is a good war. If you think there will be a war in the near future, buy some oil and make a profit when shit hits the fan.

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>>61064056
No, it only takes years to survey the land and make an oil field accessible.

Once you laid the groundwork it's a matter of days/weeks to open a well up again.

See pic related: the US oil production isn't at a peak, they have a lot of wells that are not tapped right now.

>>61062365
They have a lot of oil for a lot of years to come. They probably saw that there is oil glut from supply/demand perspective and probably decided that its too much for them to act as swing producer this time as they would have to cut just too much, loose market share and in a way subsidize Iran, Russia and opec poor fags like Venezuela which they just don't want to do (why would you want your enemy to get 100$ for all his oil when you loose market share?). They thought low prices will hurt shale but probably miscalculated there. Anyway they can't really do anything about it now as technology genie is already out of a bottle and no one can put it back. Even if companies will bankrupt someone will buy their oil and equipment on the cheap anyway. That's why I don't think that it was their main objective. Now countries and companies that owe money need to pay it back so they are pumping no matter the price, just to keep cashflow going and here we have a race to the bottom (in a way market failure). It will be resolved only when some real big bankruptcies occurs.

>>61064415
forgot sauce
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W

86 cents a liter
$3.44 a gallon

why

>>61064324
what's going to happen to the AUS real estate market?

>>61061790
halp

pls

russia

send me a gf for these troubling times

>>61064437
>thinking they'll pass on the savings to the consumer
We need those taxes and profits, goy. Will somebody think about G-d's chosen people?

>>61064462
It'll be turned on its head

which I guess means it'll finally be rightside-up

ish armagedaboom !??!!?

nothing madurs noe moar !!!!

smack a strangers ass on the street . pee on the subway seats. say bad words
everything ends!!!

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>price of oil at record lows
>food prices still high as fuck

thanks jews

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WHY THE FUCK IS GAS STILL $2.50!!!!!!

>>61064531
and about time. I earn an OK wage but the average house is still beyond my reach on a single income. CRASH CRASH CRASH

>>61064257
Actually this and the disintragtion of most of OPECs investments in the Euro is the reason that the Saudis plan has backfired. They thought the demand for oil would always be there, but once China crashes then 20$ a barrel will become the norm. Frankly Canda is the most fucked out of anyone. Everyone else saw the writing on the wall and either subsidized their oil producers or funneled barrels into their reserve using govt money to buy it and prop up companies. Weed man should have been doing something rather than waste Canadian tax dollars on SJW programs and bringing in migrants.

cant we cut out the saudi and make north america buy from us only or else we cut off all aid and investments?

>>61064672

jews, duh

>>61064672
Because your state sucks

>>61064696
This is what I don't get, isn't low priced oil good for China?

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why are the gas prices still the same as they were last year

>>61064746
We don't buy from the Saudis, China and Europe does.

>>61064672
$1.70 in Dallas, move somewhere better

Russian shills here claim petrol plays only tiny part in gas pricing. Meanwhile any bumps are reflected almost the next day.
What magic is this?

Another meme is that the country will starve because the budget will get less money if the price drops, less taxes and all.

Just nuke my shit up desu senpai.

Russia
669.38 -23.61 (-3.41%)

>>61064807
taxes

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>>61061790
>tfw I filled up at $1.48 a gallon

>>61064672
Why aren't ravens and crows more common as pets? They're smart as fuck.

>>61064911
did you also fill up your lawn mower?

>>61064845
-3.83% right now holy shit

>>61064936
Think it's illegal. You can go out shooting them but not take one as a pet.

>>61064794
It is but The Chinese central party has been fucking with their economy for too long. Now it's all coming undone and low oil prices aren't helping them.

>>61062830
>Americans don't export Oil
what country exports the most petroleum

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>>61064966

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>>61064936
Birds are terrible pets. They might be smart, but that can be a bad thing.

Like parrots live for multiple generations of people. And if you ever get a big bird you basically have a 4 foot circle around them that covered in bird shit and feathers.

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>>61061790
whatever

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HOOOLY SHIT $29.44

>>61062407
Im a taxi driver :)

>>61061790

HAHAHAHA fuck yes
cheap oil blblblblbl

OnE DAY oil will run out. BY THEN most normal economies will have switched to other energy forms, but the oil exporters will come down. they already are. GET REKD

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>>61063622
>>61063728
>>61063958
>>61064071
bant witnessed

>>61064672

Because the value forms by other indexes?

i remember reading somewhere that prospectors can make a decent profit with prices as low as $10 a barrel

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>>61061790
>they got one thing right

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>>61061790

The baltic dry index (it measures shipping) has hit an all time low.

In the 80s when it started it was 1000
its now 383.

Its an incredibly good measure of world trade.
http://www.bloomberg.com/quote/BDIY:IND

Heres how its gone for the year.

52Wk Range
383.00 - 1,222.00

2/3rds down for the year.

$28 dollar oil looks like a possibility soon.

>>61065507
http://theeconomiccollapseblog.com/archives/lowest-ever-the-baltic-dry-index-plunges-to-394-as-global-trade-grinds-to-a-standstill

>But that doesn’t explain everything. The truth is that exports are way down all over the world. China, the United States, South Korea and many other major exporting nations have all been reporting extremely dismal export numbers. Global trade is contracting quite rapidly, and I don’t see how anyone could possibly dispute that.

>The global economy is a mess, but many people are not paying any attention to the economic fundamentals because they are too busy looking at the stock market.

>>61065507

It tends to be lowest in January, but I just looked back on the 10 year chart and it does indeed look far more worrying than usual.

>>61065618
And the stock market itself doesn't paint a pretty picture, China is at 2,900. Shit is looking 1929

>>61061790
>I live just in time to see Russia go into full fun-mode because of the Putin's oilnomy collapse
Feels good man

>>61065658

January is always a little quiet. Id also guess the fracking boom means much, much less oil exports to the USA.

>>61064911
It's US$4.30 a gallon in NZ atm. Everyone's pretty happy though because it used to be $5.60

Can someone explain me why is this happening? I am shit at economics.

I still payed $1.45L yesterday for fuel. Shit has hardly gone down. When oil was like $120 fuel was like $1.60L

>>61065844

> Not buying at $1.05/L at costco.

So the Saudis fuck again as revenge for letting Iran back in the market.

>>61065904
Lucky bugger, The closest Costco is like 1h 30mins from where I live

So oil is cheaper for you folk now how is that bad
Or am i retarded

29.40. Take the plunge.

>>61065781
Saudis are flooding the market with cheap oil to undercut shale rock mining in North America.

>>61065993
It's disastrous anon

>>61065781
OPEC tries to be cute, fucks itself. Economies worldwide are going down so they don't need to gobble up oil to fuel their production of jack shit. OPEC gets further fucked as oil plummets.

>>61066046
This. Saudis do it out of revenge for the US taking back sanctions from Iran and letting them again on the market.

>>61066046
the only way to stop saudi production is with massive bombs
forcey fun times ahead

B O U N C E

O

U

N

C

E

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>>61065781

Heap of things.
The stock market is inflated to buggery with "cheap" money brought about by nearly zero interest rates.
Fracking has made oil cheap.
Government policy is to keep energy expensive to save the planet.
The Middle East is suddenly looking at being out of money in about 5 years (for the Saudis) and are desperately trying to consolidate by fucking each other over while they still have the cash.
China is an incredible bubble of shit which their government might be able to ride out.

So many shitty things going on.

>>61065697
Nah, he'll just cut more from penshions.

>>61065993
>now how is that bad
Normal country -> Lower oil price -> Lower petrolium price -> Cheaper transportation costs -> Cheaper goods for everyone

Third world oil shithole -> Lower oil price -> Massive budget deficit -> Higher prices for everything -> Eventual economy collapse

Try to figure out how you can live without using money at all. Or oil.

>>61065993
You might hurt your brain thinking about it

>>61062294
The sooner they run out the better BUY BUY BUY

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>>61062339
why so butthurt?

How hasn't Mexico collapsed yet?

>>61065618
>>61065618
What does this mean, food goes up price?

>>61065781
>Fracking is continually getting more efficient
>Frack harder for lower cost
>Saudis and others increase production to cover profit shortfalls from lower prices
>Shitloads more oil on market than world wants to buy
>Lowest prices in long time

>>61062547
>>61062547
>>61062547
This
It's good to hear some ppl understand economics on pol

>>61064056

Shale oil is a different game. It's really quick and easy to cap and uncap fracking wells. There are a shitload of currently capped/mothballed wells sitting pre-drilled and ready to start production again if/when the oil price goes back up.

Saudis are going to lose fucking hard if they think they can burn their own treasury down to send frackers broke.

>>61061790
Russia on suicide watch literally.
I mean, watch us go with a bang!

>mfw robberies are already 15% up since last year
>another bank collapses every week

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>>61065294
>>61064539

>>61066740
Saudis dictate British foreign policy so fucking much I will be dancing on their graves

>>61062811
Oklahoma reporting here it's 1.50
Get fucked california

>>61063115
>tfw it has no effect on our Petrol prices
>tfw Petrol companies are kikes

$1.55/gal ($0.40/liter) here. Feels good nigga.

>>61062811
is this how California balanced their budget?

>>61066980
Literally 3.5 times less than here. Lucky bugger

Iranians going to unleash their supply of oil too. Say hello to $20/barrel very soon.

>>61066819
At least in Russia crime goes up because people get poor. In the US crime goes up because we aren't allowed to arrest black people anymore.

>>61066896
More like George Osbourne is a cunt, since fuel duty is fixed at £0.58 per litre, lower prices are effectively higher taxes

That makes me think, why western countries put up with so much bullshit from Saudi Arabia?

Why not do what it was done several times to other countries?,and maybe make and alliance with Iran.

[>>61067142
fucking lol

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>>61061790
Gas is finally going to be at 99 cents per gallon again, I can't wait.

>>61066980
>Midwest price is best price

>>61067124
We have the same shit in Russia, only instead of black people we aren't allowed to arrest chechens.

>>61061861
it's already being sold at that prize, all of it, crashing doesn't mean it's not getting sold kek

oil is still one of the most demanded resources in the world, the simple difference is that tech allows some producers to be more competitive and produce more in less time, aka, more offer, aka, more resources, aka, gonna get cheaper

Fracking is here to stay folks, scarcity is really far away

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>MFW I helped do this

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Saudi are trying to force American frackers out the market.

What's going to happen when Iran starts engaging with the free market again? Jesus christ this could be bad

>>61067102

Sauce?

>>61062811
it was 1.71 at the pumps here in florida, last week it was 1.90

VelocityShares 3X Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (-42.03% YTD).

Buy in when oil hits $20. It can't get any lower than that.

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>>61067317

Saved.

http://www.commondreams.org/views/2015/05/03/oil-wars-fracking-manipulation-and-future-our-energy-system

http://oilprice.com/Energy/Energy-General/Price-Manipulation-In-The-Oil-Markets.html

Not a crash, planned and controlled manipulation of production and refinement, pricing, and availability offered by refiners. This is far from a 'new' concept...

>>61062547
That's not how it works dipshit. Oil is always volatile.
There is no global slowdown. The economy is almost always growing. The real value of oil hasn't changed.

>>61067201
>mfw brits are overjoyed that it's £1 per litre ($5.50 per gallon)

>>61062392
get fucked oilcucks

>>61067319
Google "iranian oil" and switch to the News tab. Tons of stories on it.

>>61066819
>robberies are already 15% up
>another bank collapses every week

Proofs?

>>61067319
They're ramping up production. Ready to sell when sanctions get lifted.

Something to keep in mind is that oil collection and refinement is not a break through science...it's still collected and processed just as it was a hundred years ago. Some techniques might be refined but the results are the same, controlled results. If oil gains or crashes it's because of careful planning and manipulation by those that hold the reins.

>>61067102
>$20/barrel

Muh DICK.

>>61067225
>we aren't allowed to arrest chechens

Proofs?

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>>61061790


DELETE THIS!!
ARE YOU GUYS FUCKING RETARDED??
HELP US BRING OILPRICES UP!!!!!!!!!!!
WE NEED THE OILPRICE UP!!!!

This is the 1980s all over again. Murican companies will cap the wells, declare bankruptcy, and sell them off the to highest bidder.

Guess who that will be?

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>energy prices go down
>saudi arabia fails
>russia fails

>turkey and israel are now the two competing powers in eurasia region because neither relies on natural resources

fuggg

If only the market went down with it.

I WANT A HAPPENING ON MY BIRTHDAY DAMNIT!

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>>61067638

See you in the Union of Cucks soon

>>61065844
Lol I paid $1.69/gallon.

I could give 2 shits about crude oil. Im banking silver and gold and auto stocks atm

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>>61067661

> When the world has gone dark, roaches will be the kingz 'nd Qeens

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>>61067661

Don't you have an ISIS rally to go to?

>>61067638
Better learn how to fish again fellow snow nigger

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And don't worry fags. Once the winter batch is gone price will rise 50%

nothing will happen, stop making these threads

>>61062335
Everyone knows that dollar value has a direct relation to shitposting value.

>>61067692
happy birthday faggot

>>61068023
>>61067993
>>61067638
shills in full effect. watch how they get assblasted when you call them shills.

>>61068023
China might implode but oh well.

> mfw highrises for > $1000000

>>61063308
I'll never understand how they can afford it.

The harder it will fall, the higher it will bounce back.

Hasn't the Saudi's been ignoring suggested production targets that the rest of OPEC suggested?

Is OPEC going to be pretty much dead after all of this shit?

>>61067661
Russia's nukes dont dissapear though

http://money.cnn.com/data/premarket/

DOW DOWN 2%

WE 15000 TODAY

FUCK

>>61064318
This is nothing. In Brazil 1 liter of gasoline is R$ 4,00, and the minimum wage here is R$ 880,00/month.

>>61068334

Let the roach dream, it's all his country has along with overly hyped visions of their past strength

>>61068199
A вoт и минфинoвцы пoдтянyлиcь.

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>tfw living in the most oil dependant part of norgay
>tfw bought a house last year
JUST

Saudi king has dementia btw and they're gonna put their country in the hands of his 30 y/o son kek

niggas gonna set the world on fire

>oil will bottom at $50 they said
>it'll double at any time they said
>americans will stop pumping and their shale industry will collapse they said
>tfw all the non-white countries getting fucked over by this

Roll on $20 a barrel

>>61068477
If you know how to fish and how to start a fire, you'll be okay.

>>61068477
Now all you need is that they put a refugee centre next to it.

>b-but muh peak oil

>>61068334
They decay though and they cost you money to maintain. Money you dont have.

>>61067882
>*I couldn't give 2shits

>>61068421
Yeah, last i checked they are well in range of our cruise missles.Its kinda cute how they dream of power.

If anyone has 5-10k cash in savings now would be a good time to get into USO or UKO, WTI and Brent crude will be atleast $60 USD by the end of the year, and this is an easy chance for you to effectively double your money with minimal risk. If you are greedy you can wait for the price to push lower into the 20s or teens.

OPEC meets in June and will reduce production quota, market will react and push the price up from $10-30 to $50-60 range in a few short months.

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>>61068558
they already did like 10min by car from my house ;_;

>>61064041
I wish.

EU pollution taxes and registering a car with 5l engine anywhere in Europe costs wayy too much fuckign money.

>>61068600
Canibalise half to keep the others going?

>>61066540
What co should I buy buy ?

>>61068719
Time to enrich them and then become an hero.

>>61068689
>OPEC meets in June and will reduce production quota, market will react and push the price up from $10-30 to $50-60 range in a few short months.
Not gonna happen, OPEC needs to cut by 1-2 million. No one will agree to this and if it does rise USA and Russia will ramp up production, price will drop down again and OPEC will lose even more market share.

Oversupply is way too high, it'll be at least another year, maybe 2 until demand catches up again.

>>61068657
fellow romanian /comfybro/

>>61062289
Except every other industry is making massive gains over this because of a weakening Norwegian Crown.

The oil is still profitable, and we're still doing fine.

>>61062811
Pa. Here. Highest gas taxes. Currently around 2.10. Good thing i live five minutes from nj (like 1.50 probably)

>>61062223
You had me at "hurts Arabia"

>>61062407
12 mpg truck bro here $31 to fill up this morning feels good man

>>61068066

Thanks bro!!!

Filled up last night for $1.39. I hear it may get below .99.

>>61066591
Because Americans love drugs

>>61062407
2013 F150, 16mpg city with a 36 gallon tank

DROP DROP DROP

>>61067661
I thought the Saudis fucked the oil prices to destroy the shale industry and buy them when they're low.

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>>61062811
Florida fag here

Mfw daily driving my 8mpg Ford F600

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>>61068719
Was it the one where they raped a three year old kid?

>>61062294
Don't they have trillions of dollars?

>>61061790
>graph zoomed in so hard the scale is fractions of a cent
its fucking nothing kiddo

>>61069442
They did anon.
Turkish-fag doesn't know shit about politics.
Saudis overflow the market wíth oil on purpose to damage Iran and the US.

Things were great for the Saudis, until the US approved market participation for Iran again.

>>61069442
nah it has to do with crippling russia so they can force the pipline thru syria to eastern yuropoors who currently prop up the russoslavic economy by paying their gas bills

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>>61069668
lol are you shitting me?

seriosly?

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>>61069600
yes, tfw we are planning to have children soon.. JUST

>>61069668
>kiddo

kill yourself, child

>>61068189
they tightened the belt. for example they took away the subsidies so their citizens are paying like $2/gal

>>61062811
$1.52 in South Carolina :D

>>61061790
>huge demand
>price goes up
>over produce
>price goes down
>over produced oil runs low
>demand kicks in

Simple and effective wave. No one's trying to get the the oil game locked up why would they bother when they can still make billions. Sorry ladys but no habbening

>>61063102
but that's not even true we arent dependent on "sand nigger" (nice edgy offensive stereotype, kiddo) oil it all comes from north america except like 5% dipshit

how would drilling more help (other than it is another republican buzzword of course) when there is already too much supply crippling greedy US oil corporations?

>>61064041

Time to buy a hellcat

>>61064691
it cannot. our pollies are all heavily invested in real estate. our prime minister is a jew. the people in charge will bankrupt the country before they let their portfolios depreciate.

>>61069668
>expecting gypsies to understand math

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>>61069751
At least it was one of their own kids. They won't be released into the wild for a while yet.

So you have some time to prepare.

>>61069936
The EU needs the oil, so if you control the Sauds, you have the EU's balls in a vice.

>>61062162
This is a common meme but it's not true. Russia is more reliant than the U.S but it's less reliant than most economies when it comes to oil/gas production.

I had the link before but someone did a graph breakdown and the oil reliance was less than expected.

Just off the top of my head, not that it's a big deal, Russia is the #1 producer of raspberries in the world (the U.S #1 in strawberries).

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>>61064672
Washingtonian?

it's a giant middle finger to a refinery state.
(continuing to assume so)

we just suck balls at roads, and major products.

worse yet, the highway 99 tunnel is causing sink holes, the 405 toll lane made way too much money way to fast (illegally so, they're going to make it 1 lane instead of 2, which they should have fucking done in the first place.

the eastsiders deserve to be pissed, they have a wonderful road system that was totally nerfed by them making the toll lanes 2 lanes then adding a fruity bike lane to prevent people from using their precious toll lanes for a quick pass, even for a second.


if you're not a washingtonian sorry about that.
it's just we're a state with alot going for it, but the state cant seem to complete even a single massive project on time or within budget.

at least their dirty dealings left us with some pretty cool employers.

https://www.youtube.com/watch?v=gm0YQ3vuyyY

>>61061790

I wish I could get excited about low gas prices. I drive a company car so never pay for gas. I am really liking the death of Russian and Canadian economies though.

>>61069747
nice damage control agent false flag. these "my dad deels stox" threads are so fucking cringy.

>>61070223
i mean we're paying that much, and they're just going to spend it on projects WE DONT WANT.

>>61070257
The price drop in oil won't necessarily mean you'll see the price lower at the pump. They still have to refine that oil and transport it.

>>61062830
Cheaper oil is a great thing for Americans. Cheaper gas means more money in the pockets of consumers, and cheaper construction costs, cheaper manufacturing costs, all that jazz.

Even if we have to shut down our oil fields because the prices drop so low that only the Saudis and Iraqis are exporting, that's GREAT for us, because as soon as their production costs rise and their wells run dry, guess who has a shitton of oil at moderate prices?

A M E R I C A

>>61069884
So I should invest my money in a company that definitely won't go bankeupt and simply wait for the stocks to go up again huh?

>>61070667
PACD - PD6

>>61070667
look those tickers up

>>61061790
Cheap oil is good for the consumers such as Europe and China.

but it's not about the consumers but about the producers

What will saudi arabia and russia do, what will happen if this keeps on going on for another year. Lot's of countries rely solemnly on oil export so these will implode

hold on tide boyszzz

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JUST
U
S
T

I started driving when gas was almost $4 a gallon in PA.

Now it's like $2.07 a gallon. That's like a 4 year change. I can dig it.

>>61062062
Low oil price would lead American and European oil companies into bankrupcy, which would inevitably trigger the global happening. Hold tight boys, it is going to be an wild ride

>>61070815
>>61070830
Will do, cheers

>>61070918
P
U
T
I
N

MY SHIT UP

>>61070918
Yeah.......... seems like it just gets worse and worse

>>61070986
I like to go a sex tour in Russia as now Russian Ruble is next to nothing

>>61071230
they need some BKC
>how can russian men even compete?

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>>61070185
literally all significant russian exports are natural resources

>>61061790
OIL WILL BECOME FREE

THANK YOU BERNIE SANDERS

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>>61071459
All 3,8 inches of it

why can't oil companies band together and just say?

"Fuck what that little graph says, you will pay this price or else no oil for you"


Why is global business so cukd they listen to what a little computer in wal street makes up.

Fucking stupid computer

>>61070667
Lol yep until the day oil is gone or obsolete you will be safe to ride the black gold wave. Oils your safest bet minaral companys are a hazard

>>61070667
>>>61064672
The oil is not supposed to last past 2030.
If you want to invest longer term than that, invest in something that's about to do ridiculously well, like salmon, which thanks to the weaker currency can sell its wares 30% cheaper in the international market for the same price.

>>61069623
http://money.cnn.com/2015/10/25/investing/oil-prices-saudi-arabia-cash-opec-middle-east/

They were worried when the price dropped below $50. Now it's below $30. God I hope it goes lower

>>61071940
Because they need new technology to extract that oil? Correct me if I'm wrong.

Got any good salmon/norwegian fishing stocks to suggest?

I've read a few post and either the Saudis doesn't economics or /pol/ cans not into economics. If opec is doing this in hopes of drive out competition it will fail. This kind of shit never works. This is what will happen. OPEC nearly bankrupts themselves buy selling products below market rate( this is what over production of oil is doing) to drive competition out of market. If that works then what raise prices to high monopoly rates? If the price rises it is now profitable for others to enter the market meaning they accomplished nothing and spent all there money.

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>>61061861
You do realize that oil is so cheap right now because no one's buying, right?

>american
>expecting to understand anything.

>>61072219
well not companies no, but for normal people is good

>>61072122
Not really no.
I'm not done with my research into them yet, so I cannot recommend anything.

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>>61068477
tfw the glorious north is experiencing the highest growth during these shitty times

I live in Stavanger too, but I got laid off in November. Thank fuck I didn't buy a house here. This is the first time I've been unemployed in my entire adult life (30 years old) Going north next week for a job interview in an unrelated field. Wish me luck ;_;

>>61072960
Good luck buddy

>>61062266
Underrated toast

>>61064911
91 canadian cents/gallon over here. Seriously, just find a way to smuggle our stuff across the border.

>>61070939
Lel just cross into Jersey gas will be about 40 cents cheaper

>>61061790
>muuh peak oil
>muuh exponentially increasing oil prices

lefties BTFO

baka desu senpai

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>>61062407
>tfw 2000 expedition

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>>61073521
>undermeme
I'm sure you browse /utg/ too

>>61066829
RARE FLAG
A
R
E

F
L
A
G

>>61073358
http://oilprice.com/Energy/Oil-Prices/Forget-20-Oil-Prices-At-8-Per-Barrel-In-Canada.html

You should making plans for smuggling yourself across the border.

>>61068898

Norwegian krone, Ola. We don't translate units of currency.


>we're still doing fine.

Confirmed for not living in a coastal city. Jobs gone, jobs gone everywhere. Where the fuck are the rapefugees going to "work" when even whitey potato can't get a job?

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>>61061790
Something morons need to understand:
>when the price is this low oil producers have to shut down wells because they aren't profitable
>no, the saudis aren't controlling this
>its a deflationary collapse
This is a literal and real happening
>mfw all entire world progress, technology and development of civilization as a whole is directly tied to primary energy resources (theres only one and its oil (coal too but it doesn't count))

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>>61061790
>mfw $DWTI

>>61074480
>implying overpriced oil hasnt cause a drag on civilisation
>implying big oil hasnt sucked up investment and technological development around the world
>implying the ME would be as fucked up as it is if oil dictators had less money in their pockets

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>>61073881
nahhh

>Oilniggers who bragged about muh libertarianism for 15 years are now demanding that the government bomb Saudi Arabia or Iran to get the price back up or price fix it to $55 a barrel cuz "muh jobs"

Oilniggers BTFO