/biz/ - Business & Finance

Extremely bullish for oil - less supply, same demand.
Electric cars will not replace combustion for a long time, just check Tesla production rate.

>>26364320
>same demand.
Nah. We on lockdown forever under Beijing Biden

>>26364202
along with inflation, gas is going to $5

Pedo joe said he wasn't going to ban fracking

>>26364418
If you're lucky, I can imagine after he's sniffed Greta's hair look forward to extra environmental taxes on it

>>26364367
>We on lockdown forever
No, WHO has just said "Oops, it looks like our criteria for being infected with coronavirus were too sensitive, you don't have that many cases, lol".
Quarantine will end soon, it was only needed to frame Trump as a bad administrator.

>>26364202
>fud for voting biden
you should read his foreign policies
>>26364320
they're not buying them from tesla, big brands have a few new cars in the works that won't cost as much

>>26364202
>paying foreign countries for oil
Why doesn't the US just invade Saudi Arabia and take their oil for themselves?

>>26364557
>big brands have a few new cars in the works that won't cost as much
Yeah, and how many years until all cars are replaced? The supply decreases right now, you know.

>>26364444
this. Obama never banned fracking either, one of the best parts of his Admin was letting fracking happen

>>26364444

>ruining the lives of your family and friends because you had your feelings hurt online by an orange man that neither knows you exist nor cares

When is the USA going to collapse already?

>>26364657
His administration was criticized for unnecessarily restricting it, which is why gas prices remained high until orange man allowed it to bloom to full. But hey everyone loves 3 dollars a gallon, or 10 dollars if you live in Los Angeles! Buckle up, faggots.

>>26364640
>Yeah, and how many years until all cars are replaced?
you're not looking at the big picture.
how will you drive your car if you can't buy gas?
albiet the supply chain is more flexible the dependence and demand on fossil fuels from EVERY country is that much higher too

>>26364367
Perfect, plenty time to accumulate.

>>26364749
>how will you drive your car if you can't buy gas?
Don't tell me that Biden wants all car transportation to stop and the famine to start. I mean, they are not THAT much leftists, right?

>>26364202
>MFW roughly 15% of my portfolio is in oil companies and I've been buying aggressively since the march crash

>>26364836
>Don't tell me that Biden wants all car transportation to stop
tell me,
can you freely move about unmolested from state to state right now? or do you think you can?

>>26364838
which is the best with most x right now?

>>26364838
you probably want to start buying rare earth metals

>>26364883
I don't mean regular citizens, they are fucked without doubt. But at least trucks with goods need to move, and they like all run on gas now.

>you voted biden
you can't be that retarded, anon
hope you enjoy what's coming, you literally asked for it

>>26364444
checkd

>>26364202
>you know I hated the way Trump acted
Stupid fucking bitch

>>26364202
>a fake story written by a wamen

lol when did the based pedes get here

>>26364963
ok, america has no industry, if americans aren't consuming why would we continue producing?

>>26364933
Already dumped a bunch into MP shortly after it went public

way ahead of you

>>26364933
Shill me some companies breh

>>26364202
>supply down
>demand will inevitably go up as countries open up
SELL SELL SELL THIS IS VERY BAD!!!

>>26364933
>>26364838
which and which

>>26364888
xom is an easy buy, will absolutely go to $60+ if oil prices sneeze upwards

>>26364202
> oh no, leafs won't make enough money from destroying their nature
cry me a river

>>26365124
I still like XOM, COP, MMJ and XOP for an etf.

>>26365167
MMP*

>>26364202
>I'm also keeping my fingers crossed that Apple will release Biden/Harris iTunes playlist soon cause that will keep you warm at night
My sides holy shit

>>26365103
>>26365124
i don't have any, im just telling you the way the market will go if we decide to fuck around with the fracking bans. america will go from net production and export of oils to net consumption / importer

>>26364838
>proud midwit

>>26364553
I thank god for this not because I’m effected by it, but because it seems like it makes the Great Restet Conspiracy Theory... just a theory.

Many don't understand the unintended consequences of their actions. They vote on emotion instead of pragmatism. Anyway, Biden has to make a few overtures to the Communists, Tree Huggers, Nigger Thugs, LGBT, and retarded Women. So cancelling the pipeline was one for the Tree Huggers. Expanding SNAP is for the NIgger Gibs crowd, and so on. At the end of the day there is no one in Washington that has done more to throw Niggers in jail, deport Central Americans/Mexicans out, and line the pockets of the rich as Biden and the old school Dems.

None of this matters in the end, all a distraction. Keep your eyes focused on the ball and not whats happening in the crowd.

>>26365424
the great reset "conspiracy" won't stop our economy from crashing

>>26364320
Electric cars still are manufactured with oil derived products in plants that use oil for fuel. They’ve done studies and the greenhouse emmisons from an electric car are worse then a life time of useage of a gas powered car. This environment bullshit has nothing to do with making the world a better place it has everything to do with more control/regulation of natural resources and everyday life.

>>26365424
it's not a theory you stupid fucking gorilla they literally put it in fucking print in black and white and made videos about it and marketed it for a long time
kill yourself immediately, believe me you are not going to make it

>>26364202
I put a good 2k into the pipeline after covid hit and got out when it made a nice jump back up. Not great for long term for canadatards tho

At least the husband might join the boy army when they send troops in middle east for oil and Israel again

>>26364202
I work in oil and its not nearly that bad. It was bad from covid already but they will be fine without the pipeline. It will be losses of jobs in the area but isn't going to destroy the economy. Its mainly a show for his supporters. Dems wanted to ban fracking too but quietly changed it to "on federal land" which is a much smaller portion of it all. They can't do anything. Obama even allowed fracking to take off and approved artic drilling for shell. They ain't gonna stop oil.

>>26365590
Cucknada has been a 3rd world shithole for a long time, the faster it goes full Venezuela, the better. The situation is completely untenable for millennials and younger, only a critical collapse can make it habitable again.

>>26365500
does not matter if we are not consuming oil to run the economy anymore.
cars will be instead made of recycled palstic and "renewables"

>>26364367
>Beijing Biden
what is this dumb meme. his children didn't marry into chinese families, you tard.

>>26365920
*boker faec*

>>26364418
>$5
Hundred?

Should have bought digital oil.

>>26365920

>>26365920
you know, if they publish "cheetoman bad" russia interference it's the opposite of truth, yes?

>>26364625
Why bother? Saudi oil already belongs to the USA and allies. Invade Venezuela. That sore has been allowed to fester for too long. The Venezuelans and South America will hail the USA as heroes and welcome a change of administration.

>>26366985
>Invade Venezuela
biden admin seemingly quiet on the issue

Literally every geopolitical book i've read for the last 5 years based its USA's continued hegemony theory on high-end fracking tech (super-laterals, creative geometry, etc..).
You unironical "voted" a CCP asset into office, well done burgers.

>>26364202
This shit makes me laugh. This is exactly what is happening in Canada. Everyone hated Harper so much they voted the next man in no question. Turns out Harper wasn't so bad at all.

>>26365819
What lol? No it's not. I'm 27 years old with very gainful employment and my standard of living in Canada is excellent. It's a 3rd world country if you spend all your welfare money on booze/drugs, but if youre willing to work it's just fine

>>26364667
That story cherrypicks. When he was around shitlibs, he would rant and rave about banning fracking. Around normies, he would say he'd never even dream of it. This was constant on the campaign trail, and if you missed it, I'm sorry.

>>26365424
Why is Biden's transition website >buildbackbetter.gov
? Why is he literally using the WEF great reset slogan for it?

>>26367909
the bottom wasnt so important

>>26367758
Also, almost all the people who "lose their jobs" on the pipeline will be just fine. I work in trades, and have worked at a few of the camps and facilities being built for that pipeline. All those guys are union workers who will just be sent to another job lol. Lots of my company's jobs got cancelled this year, but we just get sent to a different one.

>>26365145
XOM, BP, Pioneer.

>>26367062
Thats why it's the best bet. Don't talk just do it. Take action. Congress will go along with it, toppling Venezuela has support on both sides. It's a humanitarian mission. It's an economic necessity. This is manifest destiny. And it has international support. Who is going to stop it? Antifa and Cuba? Fuck them. Venezuela has no friends. Russia can't afford it. China won't step up. The EU will fall in line and if they don't they can fuck off. It wouldn't even take a full scale invasion.

>>26368340
>Venezuela has no friends
i can neither prove nor disprove that, however they have seemingly still been able to import and export things , regardless of america attempts to sanction

>>26368340
Russia and China are their friends

>>26364202
Saudi Arabia is cheering. Back to half the world being owned by Saudi oil...

>>26364202
Runing whole countrys economy and causing husband to lost his job to own the nazis

>>26368441
Exporting oil isn't difficult with the huge profits involved. Negroes in Nigeria sell stolen oil. Tighten sanctions, use a naval blockade and enforce a no fly zone and their imports/exports run dry.

>>26368586
With friends like that who needs enemies. Russia and China aren't sending troops to the Americas.

>>26368068
>will be just fine
>union

You’re so fucking dumb it hurts me. Oil workers don’t have unions. There’s too much boom and bust for a union to parasite off the income generated by labor.

>>26368911
I think Russia already sent troops to Venezuela thought

>>26364202
the kikes win again. good job everyone. seriously.

>>26369003
No, not in sufficient numbers to prevent an invasion.

>2020
>He didn't short western society and long special operations training

rising oil prices is good for me, we own a bunch of oil producing land in Louisiana. sorry redneck Canadians, better luck next time

>>26368911
>use a naval blockade
us navy is not up to that task should other countries interfere

>>26369486
It won't be the US against the world.

>>26369987
us can only struggle as china and other large countries empower smaller ones

>>26364746
Domestic production still increased under Obama though. It won't be full throttle like it would be under Trump, but Biden won't be that bad...

...or so I thought until I saw he really did shut down Keystone. Now I'm a little worried.

>>26364667
>'here's why'
death to all journalists who use 'here's why'

>tfw I work for a Russian oil company and americucks will soon be forced to buy oil from Russia
Thank you Biden

>>26365828
DoD. Until we get electric tanks, Humvees, and planes oil will have a safety net.

>>26370814
>oil will have a safety net.
there will be no commercial reason to continue producing it at the rate we are if other countries aren't going to buy our oil either

went all in on xom and have gains already
thanks

Imagine basing your vote entirely around emotions instead of rationality. Retards literally hated the only elected official who gave a shit about them since JFK purely because the news and celebrities told them to hate him. We deserve the actual Hitler that will come for us in 20 years because of the pure stupidity of the populace. Humans deserve to suffer.

>>26364625
We have more oil than we could use in 100 years.

>>26371209
untapped oil*

>>26370143
China? What do they have to do with blockading Venezuela? Do you actually think they can stop it when they still aren't the top dog in their own backyard?

>>26370921
Why wouldn't they? They still need it for shipping. Electric planes aren't a thing yet, and most shipping uses oil based fuels.

>>26371318
it's not just venezuela, it's every country that they are giving technology and money in exchange for signing agreements and treaties. if other large countries choose to intervene or ignore us navy we wouldn't have any leverage and every day our role in naval security is diminished by their countries that have their ebst interests in mind.

>>26368340
Yes goy, the (((powers))) that be want another war for oil so it must be a good thing!

>>26371488
>most shipping uses oil based fuels.
what would they be shipping to an economy that can't afford to continue consuming?

>>26365920
His child Hunter has Chinese business ties, you tard

>>26364933
>shilling rare earth metals
> ayy lmaos have to be disclosed to congress in the 6 months in burgerland
> not factoring in that rare earth metals are not rare in outerspace
> not factoring in space mining will be a thing in the next 10 years

NGMI and he doesn't know

>>26364202
>tranny dildoes are made of oil
i don't know

>>26371487
The conversation at hand was definitely about Venezuela Anon. One guy said that we could smother them by siege, and you said China would interfere...now you're saying that's not what you meant. Your ong geopolitical outlook is fine and all, but Biden really might be going in on Venezuela. He's already acknowledged Guaido as the leader Anon.

>>26364202
let's keep an eye out for dips in the Canadian dollar. Buy soon. USD will be clown money during bidens second term. One usd cent will equal to a filipino peso or worst. In three years or less the world's standard of the dollar will be the Canadian.

>>26371616
>shilling rare earth metals
america is about to inflate the price of fossil fuels and create new legislation to destroy "polluting" vehicles by making it illegal to drive them.
electric cars need batteries, if they want to run entire cities and states they will need materials to produce them
>>26371749
>China would interfere.
any other country might interfere, not just china, china is however going to be a large part of naval warfare and security should any happen.
>Biden really might be going in on Venezuela. He's already acknowledged Guaido as the leader Anon.
why would he do that instead of helping them sign trade agreements with our enemies for peace and unity?

>>26371562
All shipping, to another market or even domestically would need some oil. If things are that bad where consumption is down across the board, that's another problem, but that doesn't spell instant doom for oil, as it would have infrastructure in place in the event of a recovery; if things were that bad where nothing is getting shipped and there's that little economic activity, the money to further transition away from oil won't be there. In the sort term, oil is invaluable. Just my opion tho Anon.

>>26371604
And Trump didn't?

>>26372099
Fair point, but he could have offered Maduro an alternative instead of just recognizing Guadio.

>>26372133
>All shipping, to another market
america does not produce anything in surplus except food, with fracking out the window it will be our only export

>>26372217
Stop trolling

>>26372217
besides coal,
forgot about coal
but that's on shaky ground too

>>26371511
War is good.

>>26372283
>>26372283
>t,troll
please enlighten me,
>guns
>food
>oil
>coal
am i missing anything else that america ACTUALLY mass produces?

>>26364418
probably shouldn’t have bought that bro dozer gas hog
>t. hybrid chad

>>26372391
Entertainment.

>>26372438

>>26372498
What is your point?

>>26364202
Oil is going to $150 a barrel. Better buy up.

>>26372584
that is the quality of american "entertainment"

>>26364749
no, You're not looking at the big picture.
Gen Z isn't buying cars and electric cars cost twice as much to insure

>>26368930
That's just wrong though lol

https://buildingtrades.ca/where-we-stand/our-campaigns/pipelines/

Most of these pipeline projects (in Canada anyways) only hire union companies to work on them. And if you're against unions, that's ok, but you can't get upset when you get dropped like a rock at the first sign of trouble. Union workers will be just fine

>>26364202
Holy shit Biden hasn't even been president for a week and there is a shit ton of Biden regret tweets as the realities are hitting them. Burgers are the dumbest people on earth lmfao, I can't wait for more of these. So far I have seen 9 and all have been funny as shit.

>>26366985
You don't get it do you? Biden is the transition piece of American supremacy to Chinese supremacy. There will be no "oil wars" just not because it would be insanely unpopular in America, but because any chance at a American revival can't be risked.

His only job will be to roll out UBI cheques and kneecap whatever is left of North American industry for the next 4-8 years.... Assuming he doesn't have a stroke.

This will fuck Americans and benefit Saudi Arabia, Iran and Venezuela. By extension, China and Russia, since they have Iranian and Venezuelan oil for free as payments for loans.

Let that sink in for a minute. Day 1 and Biden has already given economical and geopolitical benefits to anti-US regimes.

>>26372698
>Gen Z isn't buying cars
they won't have to
>electric cars cost twice as much to insure
if all cars drive themselves? no need
it will be like a gigantic nationalized taxi service

>>26372211
Nice whataboutism. I don't know if Trump did and I don't care because he's not the president anymore and when he was he constantly tried to fuck China over and make trade more equal with them. He started a trade war with them and made them sell back the port of Long Beach to an American company. If he actually had substantial business ties to China the chinks would have destroyed them for how difficult he made relations between China and the U.S.

>>26372651
America mass produces entertainment. It is an export. The quality of one netflix show isn't relevant.

>>26364749
Oil crisis was a result of killing the gold standard. Arabs didn't want to sell their oil at a discount.

>>26372859
Self-driving cars are a pipedream. They are not ready for the market as of now, and there isn't even the infrastructure necessary for them to communicate with each other. Not to mention maintenance costs would be higher.

The writing has been on the wall for oil for a decade now. I have zero sympathy for oilniggers that lose jobs at this point.

>>26364697
uhhhh sweaty were going to #buildbackbetter

>>26372983
>Self-driving cars are a pipedream
the fuck are you talking about?, there are already self driving ad even self parking cars out on the road, if nobody can afford gas because oil isn't being mass produced or consumed at the past rates there will be no cars on the roads, there will be no trucks on the roads, there will be no economy to continue consuming at the same rate mass shipped items

>>26373183
we should #buildblackbetter

>>26368340
This is exactly what theyre going to do. Give it a year or two though. For Covid to pass and for his SecDef to remove all the white men.

>>26373216
It's been in beta for 5 years anon. And they still cause accidents at a higher rate than humans.

Self-driving cars don't work unless they're in very controlled conditions. Hence why they mostly work in highways and parking lots.

>>26373372
>still cause accidents at a higher rate than humans.
this is mostly caused by human error though,
google did stats on them too,
most of their self driving cars in accidents aren't hitting other cars, other cars are hitting them

>>26371604
Is that what we're calling crack and hookers now? On a serious note, chinx companix are looking very bullshit rn.

People in O&G are fucking retarded. Over half of these fucking morons will blame covid for losing their jobs, despite the fact the vast majority of them were getting laid off (or at the very least running the risk of getting laid off) damn near a whole YEAR before covid got to the states.

Furthermore I gurantee these fucking clowns made a SHITLOAD of money during the Obama administration in the O&G industry, meanwhile its been a struggle in the patch throughout the whole Trump administration. Its almost like a global commodity doesnt exactly give a fuck what happens in US politics.

>t.anon who worked in oil and gas

>>26373372
That's just wrong. Google's has an accident rate exponentially lower than the average person driver. And their self.driving taxi service waymo is already running with real customers. They're so selling their sensor kits to other self driving car companies

>>26373427
Yeah, because "the user was not 100 % focused on the road when the car decided to violently steer into a concrete wall at 120 km/h" is tagged as "human error."

And yes, of course humans will hit those pieces of shit. They drive erratically and brake at moments humans wouldn't.

>>26372626
Literally wont. And despite memes of Biden "banning fracking" (he wont) it would just be on federal lands. The Saudis dont want Oil that expensive, because then US assets become incredibly profitable.

>>26374102
>They drive erratically and brake at moments humans wouldn't.
>car decided to violently steer into a concrete wall at 120 km/h" is tagged as "human error."

i'm not saying there aren't bugs

>And yes, of course humans will hit those pieces of shit.
this is the main source of most self driving car accidents

>>26365920
Based kikehunter.

Canadian oil industry employee here. It's funny that all these green fags hate pipelines. The oil doesn't care about your feelings so it will get moved either way. If not pipelines then by rail or truck. We have a saying in the industry. Pipeline, rail or tanker. Pick two. Guess which one is the safest and greenest? Kek

I work in oil and it's been fucked for like 5-7 years now. We're in its twilight years at this point. You'd be totally retarded to invest in oil now.

>>26374195
>it would just be on federal lands
you do realize how many oil wells are on federal land right?

>>26373630
this, and anytime it got good under Trump he would tweet to the Saudis to open the taps. then he did fuck all to protect the industry when Saudi and Russia had their spat in March

>>26374527
>You'd be totally retarded to invest in oil now
thats where you're wrong

>>26374527
Yeah bro it's totally fucked I guess we will just use hopium to power our cars, produce chemicals, and propel the entire world economy from now on.

>>26374540

>>26374195
>despite memes of Biden "banning fracking" (he wont)

>>26374716
it will only go up for ?????????????? then crash

>>26374771
ok so North Dakota, Wyoming, Colorado, and Alaska. Only of those that kinda hurts is North Dakota but its a shithole there anyway, who the fuck would want to work there. Texas, Oklahoma, and the Northeast will be fine. That's where the work will go

>>26374912
How is North Dakota a shit hole?

>>26374821
Energy stocks are the only stocks that don't look crazy overvalued and we're going to have a commodity boom with all the money being printed. I dont fuck around with equities anyway but the R/R looks really good for anything oil/gas related

>>26374958
Have you worked there?

>>26374540
Sure. But there is plenty of non federal land to drill..

>>26374818
Oh wow. Politicians have totally never said things they dont really mean before.

>>26374761
this except replace hopium with electricity and remove the smug irony

>>26372651
Movie is French retard

>>26365476
this guy reads

>>26365424
The Fed Coin isn't a theory. The UBI checks in your mail aren't a theory. That shit's already happening.

>>26375020
Have you?

>>26374912
the entire gulf, texas, pennsylvania
>>26375030
how will they get permits?
>>26375075
not an argument pedophile

>>26372211
There's literally audio of Hunter Biden admitting he was business partners with a CCP spy.
Trump set up a bank account in China (totally legal) because he was going to build or buy property.

>>26375282
>the entire gulf
What is BSEE?
>texas, pennsylvania
BLM has little management in those states

>>26375277
yes its literally the worst place to work in US land

>>26375428
kek

>>26371616
>space mining will be a thing in the next 10 years
AAAHHAHahahahahahahaahahahaha
absolutely not. Look at payload sizes of current rockets and compare this to the annual demand of rare metals. Now look at the cost of sending some third-worlders into a mine.
a LOT will have to happen, before this becomes economical

>>26372217
America is the world's largest weapon dealer.

>>26374475
it's about sabotaging the west, not about anything else.

>>26372719
>Union workers will be just fine

Sure they will, buddy. Sure they will.

>>26364202
Top kek. Fuck retard pipeline workers, shouldve gone to college dumb faggots.

>>26375030
>Oh wow. Politicians have totally never said things they dont really mean before.

So how do you know he won’t ban fracking after saying he will ban fracking and then saying he won’t ban fracking? He’s on the record saying both things.

>>26375067
>electricity doesn’t come from fossil fuels
I’m not one of those fags who saves wojacks but if I did you would be one of the drooling retard ones

Trump's gone but you're still crying about make-believe issues. Inertia?

>>26373625
>Just crack and hookers
https://nypost.com/article/hunter-biden-china-timeline-business-ties/
https://www.nbcnews.com/politics/justice-department/hunter-biden-tax-probe-focused-chinese-business-dealings-n1250772
Bet you feel real stupid now, huh?

>>26375067
>>26376042
Here, have one of mine.

>>26365424
It's not a theory you mong. They literally have a website.

Why do people believe everything MSM tells them?

>TV Tell me it fake news, so must be false

Fuck Oil

Buy Steel

$CLF

From last night
>>26346191

>>26365500
>citation: my ass

>>26377732
From thread:
>invested in oil futures when they dipped in march
>didn't realize physical delivery was an actual thing
what the fuck do I do biz? I'm going to have hundreds of barrels of oil on my hands

>>26372498
Not defending the film but it is indeed French, even if Netflix is an American company