/biz/ - Business & Finance

orange man's twatter

>>18538365
futrues start trading tomorrow at 6pm EST

>>18538365
It’s called the futures market. And to think I bought crypto on the advice of people like you

>>18538400
>buy high sell low
welcome on biz

>>18538365
You can just look here on /biz/. Its going down.

>>18538420
Who knew that socially inept neets would be bad with money too?

>>18538365
Its going negative anon.

10 million barrels is nothing. Ships are literally unable to dock and offload. There is no where to put it...

Do not fall for the oil meme no one is going to stop pumping oil. In Russia in particular suddenly shutting down wells causes permanent damage due to how they are set up.

Its a clown economy and no one is going to stop pumping until it costs more to store the stuff then the profits they would make bankrupting there competitors.

crude is dead
it's a hydrogen economy from now on
https://www.bbc.com/news/science-environment-52328786

also, fusion

>>18538442
Who knew that socially able normies could fall into such blatant scam

>>18538450
I’m buying oil companies for long term
I’m buying oil tanker companies, who manufacture, design, and rent out oil storage facilities. Simultaneously.
You’re a fool to see oil prices being low as a negative. This is why none of you fucktards on /biz/ ever make money
Don’t forget to buy my shares 6 months from now when they’ve rebounded back to normal

>>18538463
>established technology nearing multidecade buying opportunity
>I’m going to invest in a pipe dream that’s not economically viable at the best of times
/biz/ in a nutshell

>>18538463
Wow bro, amazing. So when do all the hydrogen vehicles come out? Can’t wait for that Chevy hydro truck powered by water

>>18538486
Oil tanker companies is a good idea right now, for oil companies it depends, you've to be shure about their balance to avoid risks of failure.

>>18538365
I hate myself for buying $USO. Thankfully not options, but I have a feeling I'm fucked.

>>18538486
Copy pasta seen before.....

Oil demand will be negligible when the economy is so shit no one needs it

>>18538486
Check this out buzz I’m completely new to all this shit and I have $1,500. Based on my research oil seems like the play right about now since it’s low and it will rise eventually. Time to buy?

>>18538533
Yes you are

https://www.pbo-dpb.gc.ca/web/default/files/Documents/Reports/RP-1920-033-S/RP-1920-033-S_en.pdf

Lock downs most of the year and oil will not stabilize. Trump may lie but Canada will not

>>18538365
Oil will go down more and I will keep buying until the bottom in a year or something

>>18538564
it's in a retirement account. wondering if I should just leave it...

>>18538560
Oil will dip down more next week. HAL will dip on Monday for sure after they release their earnings report
I recommend buying HAL on Monday morning, after the market opens. Buy it low.
I recommend buying MRO at $4 or less
I recommend XOM at $42 or less
I recommend shell at literally any price you can buy it, just don’t buy it high
All of these are long term investments.

I'm looking into Xop, plan to buy at a lower price from here, but it'll definitely moon like a shitcoin

>>18538574
This
>oil goes down
>I buy
>oil goes down more
>even better, I buy more oil
>oil goes down again
>thank God. I buy

>>18538610
Unironically the oil is fucked so you might as well throw it into BTC or Eth if ur smarter.

Been noticing a lot of normies talking about BTC while the FED keeps printing money. One guy i know from a friend is a oil field worker. He got laid off and decided to buy Bitcoin.

Just do not buy some shitcoin like Chainlink. Keep it simple BTC or ETH

>>18538768

NOBODY WILL EVER USE BITCOIN AS A STORE OF VALUE OR AS A PAYMENT SYSYTEM. IT IS SLOW, EXPENSIVE IS TOO MUCH OF A HASSLE COMPARED TO TRADITIONAL PAYMENT METHODS! AND WHO THE FUCK CARES ABOUT YOUR OPINION ON OIL? YOU'RE PROBABLY A NEET ANYWAY

>>18538768
I already have BTC and ZEC. And GBTC.

>>18539359
>>18538937
>>18538768
stop talking about shitcoins