/biz/ - Business & Finance

>>17644895
Why though? Less demand because of chinky flu?

-25%

fucking wew

>>17644905
Yes and because the Saudis are dumping to gain share again and then inflate the price later.

>>17644895
does this mean lower gas prices? I drive a pickup

>>17644905
Saudi went full retard, effectively disregarding all OPEC agreements.

>>17644918
Yes, but also no.

>>17644915
it's 9/11 all over aye gain.

>>17644918
no it doesn't

Price reductions only open the window for Government to eat into it in increased taxes

When it rises to normal, you'll end up paying more

This also means you should short rubble.

Oil Barons are dumping to buy Chainlink probably

>>17644918
not really.. the price of gasoline are influenced by the price of oil but it is not major.

Holy shit MBS has lost his fucking mind

>>17644918
>>17644936
To explain, I think it goes something like this.
>saudis dump
>us shale oil becomes unprofitable
>businesses go bankrupt
>saudis cut supply
>now have to buy oil from saudis
See the problem?

SOMEBODY CALL THE STUKAS ALREADY

>>17644895
As a moron, where can I go and profit of this?

JUST

CANADA BTFO

>we need to be carbon neutral
>oil is the enemy

Lets wait until it tanks their economy to see how that cunt feels about oil now

Russia wants American shale dead.

>>17645198
Desu, if it crashes Saudi Arabia to the fucking ground, I'll be ok with this

>>17645198
can they really put that genie back in the bottle? The technology isn't going to disappear.

>>17645247
The OPEC fallout is more likely to be a coordinated move to kill the Americans than an actual disagreement t b h

>>17645281
hardly any memebers of opec are able to produce oil that cheap. the only one who's comfy is putin.

would pay for a comfy putin meme

>>17644991
can't we just print more shekels to bail our companies out?

>>17644895
meanwhile gasoline prices still the same as when oil was $80 thanks government

>>17645350
gotta keep that gasoline tax revenue coming in for muh roads.

>>17645198
What will be the response?

>>17645413
It's funny how while companies have to hedge market risk with complex derivatives, the government can just "hedge" the risk of oil prices going down by putting a gun against your head and demanding you pay as much as you have always paid.

>>17645426
>autistic flailing at Russa or doing something retarded in the Middle East again

>>17645262
it will be killed off like the tar sands, basically pump and dumps until we move onto cold fusion

>>17645315

>>17645535
comfiest thing I've ever seen

>>17645490
LENR is already there, but all the buses will arrive at the same time. Andrea Rossi, Randell Mills, Robert Godes, the SAFIRE guys etc
>teehee MIT falsely reported on the P&F tests they ran and we lost two decades' worth of public research

and here i'm paying 6,8 usd a gallon. fuck you gas niggers, give me some fucking discounts

literal nothingburger

>>17645317
Of course, Patrick!!!

>>17645187
(((Orban)))

>>17645187

day of the rack has arrived

>>17645187
Justin Castro btfo

EVERYTHING IS FUCKING CRASHING

GOD DAMMIT FUCK

>>17644934
Only because Russia refused to agree to production cuts. So saudi will crush everyone now.