/biz/ - Business & Finance

>>19143782
>if Trump doesn't do it people will do it on their own and governors out of sheer fear as our own cases skyrocket past previous peak
we have a generational gridlock if this is the case. Governors will actually go along with the plans to open if they have (likely they all do) strained budgets due to unwise spending, inefficient management, and pensioners. They absolutely need tax revenues. They cannot, absolutely cannot stay solvent otherwise. They are already getting loans from the FED, and if young people actually fear the virus, they will be unwilling to work and unwilling to spend. It's an absolute nightmare scenario for the government and the people. We're lucky to have a good amount of glut in the US and a fuckton of food.

>I didn't know about Shale being THAT poorly off.
Break even is somewhere between $25 - $40? I would assume most us businesses are over-leveraged and have large debt obligations that cant be served with such low margins.

>but oil prices will probably remain at like 30 or something, there is just no way in hell that is going up
>>19143933
>This whole situation is so fundamentally and utterly fucked I don't know how tankers don't win.
realistic US options or convenient events that fuck tankers include: destroyed suppliers and/or destroyed supplies elsewhere. the venezuela and china hot war idea would shake up my certainty in this play. I would look for an exit so my positions are much smaller.

>>19143861
Shanty threads for fucking months.

Where are those faggots who were shilling oil and uso as cheapies last week?

>>18601746
>>18601750
Took profit at $2.68.
This oil shitstorm has been golden.