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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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18579097 No.18579097 [Reply] [Original]

JUST

>> No.18579220

>>18579097
>us crude oil price collapses
>pic of saudi salman

>> No.18579286

>>18579097
F

>> No.18579296

>>18579097
you do know that its the us crude oil price going down right ?

>> No.18579323

>>18579097
>WTI is the same as brent

>> No.18579350

>>18579296
it all burns the same you fucking dimwit

>> No.18579418
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18579418

>>18579097

>> No.18579464

Tourists get the fuck off my /biz/

>> No.18579474

>>18579097
Now, get down and suck the dick of your master Mohammed bin Salman bin Abdulaziz al-Saud who is just destroying the US's fracking industry.

>> No.18579585

>>18579474
kekw, US threatened to pull its troops out of Saudi Arabia and they shit themselves so hard that they almost immediately made a deal with Russia

>> No.18579595
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18579595

>>18579296
Retard

>> No.18579698

>>18579097
Literally a brainlet. That’s what you deserve USA for fucking with opec

>> No.18579831

>>18579097
the saudis are the ones pumping. they're pushing prices down on purpose to hurt other oil producers. They have a lower break-even price than anyone else, and enough cash reserves to keep pumping at a loss for decades.

>> No.18579888

>>18579585
I bet another attack from "Iran" happens to saudi oil fields

>> No.18580221

>>18579097
Its not like the Sauds are THAT stupid. They probably have diversified their money.

>> No.18580334

>>18580221
>he hasn't seen the new IMF report
They're fucked m8

>> No.18580352

>>18580221
ya they totally invested in their ow military to replace ours to secure their oil fields, totally.

>> No.18580844

>>18579595
based

>> No.18580898

>>18580221
even dumber, WTI is AMERICAN oil, the only one going bankrupt here is the US

>> No.18580903

>>18580221
Yea if you count Sudanese retards dying in Yemen as mercenaries an economic diversification, then yes.

>> No.18580966

>>18579097
so do you literally get paid to get those stocks right now?

>> No.18580978

>>18580221
They were only starting to look at alternatives to oil, but their entire economy still runs on it.

>> No.18581049

>>18579097
Commodity capitalism to intellectual capitalism:
https://m.youtube.com/watch?v=7nFbKzt-uwE

>> No.18581092

>>18579350
>it all burns the same you fucking dimwit
no.. Crude oil is just the unprocessed oil you extract, from there it needs to be refined at various degrees to be used as fuel for combustion engines. The different type of crude oils have different prices because they require different amount of processing to make it "fuel".
So it does not burn all the same.

>> No.18581129

>>18579097
time for Operation Saudi Freedom?

>> No.18581177

>>18580221
Nope, they are definitely that stupid and then some

>> No.18581296
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18581296

Imagine trading an incredibly useful and real barrel of oil for negative 36 fiat paper rectangles.

1 barrel of oil = 1 barrel of oil, just HODL!!

>> No.18581328

>>18579097
Can I become an oil prince now?

>> No.18581396

>>18580221
They are that stupid. They got played like a fiddle.

>> No.18581478

>>18579097
Americans are getting fucked, the US is going to lose trillions just to sell-buy all that oil to Saudi Arabia

>> No.18581480

>>18579474
Salman better stay away from small aircraft now, just sayin'. They wanted to corner the market, not crash this low. He has a lot of checks to write for his shithead family every month, and he's gonna be short this month.
All Trump has to do is announce tariffs, and Salman is bye bye.

>> No.18581539

>>18580334
>IMF report
Oh fuck i actually havent not him but link?

>> No.18581672

>>18581539
https://www.imf.org/en/Publications/Departmental-Papers-Policy-Papers/Issues/2020/01/31/The-Future-of-Oil-and-Fiscal-Sustainability-in-the-GCC-Region-48934

tl;dr current Saudi economy is heading towards a cliff, and given the complete failure of their diversification, they're fucked

>> No.18581676
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18581676

>>18579097
How does oil manage to be worse than all the shitcoins in history ?
None of them ever went under 0.

>> No.18581708

>>18579585
>>18579474
This guy is making too many enemies, the Whabbis in his country are gonna crucify him soon.

>> No.18581756

>>18581672
If that happens it's going to plunge the middle east into a bigger crisis than literally ever before. It's going to be a wild fucking ride.

>> No.18581915

Why are you posting a Saudi, if anything they’re laughing their asses off that the US fuel economy was just demolished today.

>> No.18581953

>>18579097
WT stands for west texas not saudi arabia

>> No.18581973

>>18579097
S

>> No.18582067

>>18580221
They own 8% of carnival.

>> No.18582091

>>18581296
This. Some enterprising bastard is going to warehouse this shit and make out like a bandit in a couple years.

>> No.18582167

>>18582067
lmao

>> No.18582774
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18582774

>>18579220
>>18579296
>>18579323
>>18579464
>>18580898
>>18581478
>>18581915
>>18581953
>American oil now being significantly cheaper than Saudi oil doesn't affect Saudi Arabia