/biz/ - Business & Finance

WE ARE GOING TO GET RICH!
BUY EVERYTHING!

>>18570787

Hello sir, I would like to place order for 1 billion barrels please sir.

https://www.cbc.ca/news/business/oil-price-monday-1.5538048

>>18570834
Why aren't we doing this unironically?

>>18570897
Because literally no one has storage anymore. They are already filling up tankers in ports. If you find some storage somewhere then go ahead.

>>18570897
Are u even for real ?

>>18570924
Yes!

>>18570897
Because about 50 super tankers will show up and dump crude on your house, resulting in the complete decimation of life within a 50 mile radius?

>>18571003
Even better!

>>18570787
Haha oil Line go up

>>18571003
That’s it I’ve just purchased the worlds supply. Time to sit back and die

My oil call is at 0.01, I can't even sell it because bids can't equal 0.00

LMAO

Pretty much. Luckily, Alberta decided to nationalize the oil and gas industry and put the entire revenue into a sovereign wealth fund in order to build a more diversified economy and prepare for an oil-independent future. (Oh wait, they didn't do any of that, all dividends went to private investors and their economy is now dead, whoops. )

>>18571083
Why the fuck are these oil companies going up while oil has lost almost FIFTY FUCKING PERCENT today? It makes NO FUCKING sense at all. GO FUCKING DOWN SO I CAN BUY

>>18571218
Because government another bailout is incoming.

Wait wtf? Will they pay me to hold OIL?

>>18571252
Yes. If you find a place to storage.

>>18571218
> GO FUCKING DOWN SO I CAN BUY
This is why they aren't going down

>>18571218
I told you 4-Chang faggots 3 weeks ago to buy oil
You all laughed at me called me a retard, saying the oil stocks will go down when oil prices do
Now look who the retard is
You people already missed the dip

In addition, Kuwait had been producing oil above treaty limits established by OPEC. By the eve of the Iraqi invasion, Kuwait had set production quotas to almost 1.9 million barrels per day (300,000 m3/d), which coincided with a sharp drop in the price of oil.

>>18571214
That's not needed right now though. If the libs weren't retards and allowed the pipeline to be built, this wouldn't be negatively affecting Alberta and Canada nearly as bad.

There's nothing wrong with having an oil based economy for even decades more. Oil is still needed worldwide for the foreseeable future. If the economy wasn't shut down from Corona, you would see this have a large negative effect on the green energy sector as well. Who the hell gives a fuck about "green energy" when it now costs massively more than oil.

>>18571214
As a Quebecker, this is making me more happy than anything else right now.

>>18571269
I'm guessing there is some sort of a minimum order right? Like I can't just order 10 barrels of Oil?

>>18570787
>Hello yes?
>Hello, I'd like to place an order
>Sure sir, how many barrels?
>All of them
>That will be minus 9 billion dollars sir, can you please give us your bank account so we can deposit your money

>>18570787
>buy 10 million barrels of oil
>get paid tens of millions
>dump out the worthless oil and then resell the barrels it came in
EZ MONEY

>>18571411
I’m going to just dump all my oil in the ocean & blame BP

>>18571218
Stonks only go up. Oil will get bailed out by government if anything bad happens.
OPEC their worlders are fucked tho.

>>18571315
Based double retard

>>18571336
>costs massively more than oil.

wind and solar are less expensive than fossil fuels and they have been for a while you dumbass

>>18570787
as a auto shop owner in the us, how can i benefit from this?

>>18571514
BUY. IT. ALL!

>>18570787
The secret /biz/ discord link is discord gg sXDAKd2
Get in here before we close the invites
We have a interview set up with the infamous Sergey Nazarov (chainlink founder) tomorrow
vjke

>>18571370
Kiss your equalization payments bye bye

>>18570787

How does buying something with a negative price even work?

>>18571640
Get money as long as you find a proper place to store it. If you don't you spill it out and get fined or something I guess.

>>18571640
Can I get gasoline delivered to my house for free?

>>18571640
Storage and waste disposal cost money. You are basically paid for disposing/storing the oil by someone else because it isn't worth anything anymore.

>>18571623
That's a good thing. When we realize we don't need them in the long run, we're gonna stop being chicken shits about separating. Fuck you and your queen

>>18571508
>wind and solar are less expensive than fossil fuels and they have been for a while you dumbass

Are you stupid? When oil was $50 at the start of the year, yes, renewables like solar barely eeked out oil. At $10? It's massively cheaper to get energy from oil. Like, it's not even fucking comparable.

>>18571851
There are insane operating costs associated with oil. All things considered, wind, solar, hydro and even nuclear are all superior options long term.

AND I'M FREEE

>>18571907
Jesus Christ

>>18570897
is it not possible to stop production?

>>18571907
Lmao what the fuck

>>18570787
where can I get paid to take care of their oil?

>>18571003
LOL

>>18571907
IT'S NOT OVER YET!
WE GOING DOWN

some anon said that there would be war if oil reached single digits.

>>18571907
PARTY ROCK FOR KEK PRAY FOR LOWER LOWERS

CRASH THE MARKET MORE

>>18572022
Collapse of the Saudi regime followed by a civil war. Venezuela is in the shitter as well.

>>18571907
>8.30
There has to be some kind of bungee effect on the markets. There’s no way oil can head toward zero and not make a splash in the market at large.

>>18572022
>there would be war if oil reached single digits
Venezuela, Saudi, Libya, Egypt, Nigeria. There are lots of seldom mentioned countries entirely reliant on oil as their backbone.
Hell, Canada will be ripe for Mad Max since tar sands is one of the least profitable types to begin with.

>>18570834
sure sir, no problem. and how will you be paying the $5 transportation charge?

>>18572268
>he is aware that the Fed exists
>he STILL thinks the markets are in any way based on fundamentals, facts, or anything other than how hard Powell feels like cranking ol' Faithful that particular day
NGMI

>>18572309
pray kek for this to happen shalom

>$6.5
Wtf is happening guys

>>18571377
You still have to pay to have it shipped

>>18572463
>$5.50

>>18571957
In many northern latitude sites, ceasing production allows the ground to re-freeze and the well goes back to square one

>>18571902
Nuclear, absolutely. Hydro depends on location.

Solar and wind are shit and are propped up by subsidies, the economics barely work for them.

>>18572497
$3.19

>>18571957
No.
Please go take a physics class.

>>18572791
Solar is not shit. As far as cost and flexibility of applications go, it's the most solid renewable energy source and there's no doubt that it will be huge in the distant future.

How much is the actual barrel worth? Can I just buy them and then dump the oil and make barbecues from the barrels?

>>18573258
>How much is the actual barrel worth?
kek

Of all sad words of tongue and pen, the saddest are '/smg/ was right again'.

>>18573191
Solar cannot supply base load. Assuming you're talking about the US, solar will never be more than a cute side project that people use to take advantage of boomers and hipsters until we improve electrical storage technology and upgrade the grid.

Not even the same guy, but please research electricity production and supply before you put any money into it.

Nuclear, fossil fuels, hydro, OTEC, and tidal are currently necessary to produce base load. Of those types, fossil and hydro dwarf the production of the others.

Nuclear is the bees knees but faggy Gen Xers hate it because they blamed the tech for meltdowns when it was really just Nips and Russians being retarded, so it hasn't caught on.

>>18571370
you guys are parasites

>>18571777
Wasted trips. If Quebec somehow managed to ween itself off of federal gibs and separate it would immediately become an eastern european tier shithole. (Moreso than it already is)

>>18570922
Why not evaporate the water off and store it as oil powder?

>>18571179
HAHAHAHAHAHA
"GUYS, DONT BUY OIL, WE GIVE IT TO YOU FREE + SOME CASH"

>>18572463
Because nobody needs fuel.
I see about two /three planes crossing sky over me in a day, it's used to be over a hundred.
How people don't understand jets were biggest consumers and how they didn't see it?
Also since I got your attention, check what is WTI and what is Brent. Brent fell like 6%?
>>18572791
Wind plants were subsidized for like first two years here and only for those who won the quotas. If you want to produce go ahead, they will give you like 5-8 cents/kWh, but it doesn't stop wind plants, because it's still profitable to build them and sell. ROI 7-10 years. Wind plants=milking cows.
I do understand why people are angry about wind being subsidized in place like america where just building them and never producing anything was much more profitable. But it was in a past, or is it still happening? Dare i say gov=milking cow?
>>18573191
You are wrong, solar is shit, here household gets about 30% off, household has a limit of 10kW. "Storage" costs monthly (it varies from 10-20 dollars/euro), and then you can get it back for 3-4 cents (normal price is 14.9 cents/kWh). 1kW is about 1k dollars/euros. You pay about 7k upfront for reduction in electricity price by 55-60%. Solar panels loose efficiency over the years. If you aren't eating electricity, you are loosing money for even investing in it, since they will never pay you for those kWh you generated and sent into network for "storage" and weren't able to use all at a set date in a year. Yes, they will take your kWh u haven't used at the set date and sell to other consumers (it's all paper work since network is not a battery, but you loose if you don't use, gov/distributor wins) Solar ROI? not in your life time, inverter goes broke first before your ROI. Do big solar farms like those in Cali and Israel with mirrors work? Yes.
Solar is shit, panel and inverter makers make money, you aren't saving shit, You probably drive Prius.

>>18570787
Will CL noobs be buying all the way to -$50 on WTI?

>>18571179
Link to site?

>>18571218
Because the small oil companies will go out of business, leaving more market share for the companies that survive.

>negative oil

>>18571410
>get charged to death on shipping costs

>>18574008
>cancel the shipment
>pay the fees with your 9 billion
EZPZ

>>18573600
Wow, thanks for taking the queen's dick out of your mouth to post that. Honestly, if that were the case, we'd still be better off in the end.

>>18573619
HAHAHAHAHAHAHAHAHAHAHAHA HOLY SHIT. YEAH JUST HEAT UP MILLIONS OF CRUDE OIL BARRELS LILE WHAT COULD GO WRONG AHAHAHAHAHAH

>>18572457
god i want to lick his sweaty thighs in the locker room after he comes back from practice

>>18574375
Thats a woman.

>>18574556
nice try mate but you can literally see the bulge, try getting a better monitor

>>18571907
>>18572268
feels weird to read this again now

>>18574714
She put a small dildo in those pants man.
You got played.

oh my god niggers, we're all gonna be fucking filthy rich. come one 4chan, lets gerrit

>>18575079
what buy though

>>18570787

When I bought puts with a negative strike price they called me crazy. Now, they call me a visionary.

>>18570787
How does this work? Will they give me money if I buy it?

>>18575917

If you have storage for millions of gallons of oil then yes.

>what do I buy /biz/?
guns and ammo, war is coming

>>18570787

The oil barons lied to us. They said storage wouldn't run out until May/June.

>>18576269
>The oil barons lied to us
why I never

>>18570922
>>18570834
>>18570787
>the barrel is more expensive than the liquid.
How do you order these oil barrels bro.