Oil

>>1971195
renewable
energy

>>1971195
Those poor poor saudis what will they do now

>>1971195
PRAISE THE LORD. WE NEED MORE CHEAP ISIS OIL SO GAS Prices GO DOWN

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>>1971195
Wtf are u on about?

>>1971300
oil dropped $2/barrel today. i wish i bought some DWT in the morning like i was thinking

If the downward trend continues expect a market correction soon. Could be a big drop, could be a small one, but the two usually follow because oil is unfortunately the beating, greasy, congested heart of modern capitalism.

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I can only speculate but has this something to do with Russia selling more than they agreed to with OPEC?

Or is there more behind this?

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>>1971195
>Own SLCA AND CRZO

>>1971195
Solid state batteries within the next 10 years, Anon.

If I was memeing you, I'd say short oil and invest in Musk. But fuck it.

>>1971931
>Tfw half of my portfolio on Robinhood is O&G

>>1972838
>>1971271
>Price of Oil and Gas drops
>Implying renewable energy can compete when the gov. cuts subsidies

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>>1972855

Renewable energy doesn't need direct subsidies friendo. Unless, of course, your business model is stupid and lazy. Lots of those.

>>1972883
>>1972855
I don't think these are competing against the O&G sector, which has companies that have a larger GDP than some western european countries.

Go look at a futures chart

>>1972887

I doubt that they are competing yet. The big factor is supply of crude vs refineries vs demand.

>>1971195

thank god dude gas has been way too expensive lately
>tfw living in San Diego so the cheapest you can get is $2.80/gal

>>1971195
renewable energy market rises

NOT GOOD. LET OIL RISE

>>1971314
Yeah, bit it will go uo a buck a day and hover at 50+ next month. Long as it stays iver 40-45 without shooting over 0 to mars its fine. Everyone is happy.

>>1971317
You don't belong on this site, you know?

I'll give you five minutes to pack up and say goodbye to /lit/.

>>1973994

Why do you say that?

420 niggas smokin on the good gas today ya digg

Why not just poke holes at 30 bucks a barrels and fucking own leases instead of gamble with stocks.

I just came from a drive and the gas prices have jumped to the highest levels this year. Why is that when oil has been crashing since April 11?