/biz/ - Business & Finance

>>53850992
Why would it though?

>>53851003
Past dictates future.

>>53851009
So wait you are dictating that something in the past...will tell of what will happen today?

>>53851017
Yes.

>>53850992
When though?

>>53851025
So i went and googled times in history on the date that OP was talking about.

1936 Mar 3 Standard Oil of California struck oil at Damman No 7. Aramco made the first commercial oil find in Dhahran, Saudi Arabia. The English Arabist, H. St. John Philby, orchestrated the Aramco concession in Saudi Arabia.
(HN, 3/15/98)(WSJ, 3/8/99, p.A16)(SFEC, 6/27/99, p.T3)(www.chevron.com)

2013 Mar 3, Mexico's ruling party changed its platform to allow for private investment in the oil industry, paving the way for a possible overhaul of a state-owned company that is seen as a pillar of the nation.

2015 Mar 3, Regulators said California officials have ordered oil companies to shut down 12 more wells that injected oil-field wastewater into drinkable aquifers in the Central Valley.

2015 Mar 3, Rival Libyan forces carried out tit-for-tat air strikes on oil terminals and an airport, escalating their battle for control of the oil-producing country days before UN peace talks are to resume in Morocco.

2020 Mar 3, Chevron Corp said it would keep its spending in check and return up to $80 billion to shareholders over the next five years, with Chief Executive Mike Wirth making the case that his company is the oil major best able to produce oil and generate profits at the lowest cost.

2021 Mar 3, Israeli authorities said that a Libyan-owned tanker suspected of smuggling oil from Iran to Syria was responsible for spilling tons of crude into the eastern Mediterranean last month, causing one of Israel's worst environmental disasters.

There was also some other turkish events in that date that OP said. But the first one is interesting. Since it talks about how the Oil was first discovered in Saudi Arabia. Can any other anons better at history know anything about this?

>>53851029
Peasant.
>>53851075
Now you are destined to make it. Best of luck. Keep digging.

>>53851093
1924 Mar 3, Kemal Ataturk forced the abolition of the Muslim caliphate through the protesting assembly and banned all Kurdish schools, publications and associations. This ended the Ottoman Empire and created the modern Middle East, though Iraq, Jordan, Syria and Saudi Arabia were still colonies of Britain and France.

2005 Mar 3, Men in eastern and southern Saudi Arabia turned out in the thousands to vote in municipal elections. They expect to provide their first say in decision-making in this absolute monarchy.

2007 Mar 3, Saudi Arabia's king personally welcomed Iranian President Mahmoud Ahmadinejad upon his arrival, a rapprochement many hope will help calm sectarian tensions threatening the Middle East. The leaders pledged to fight the spread of sectarian strife in the Middle East, which they said was the biggest danger facing the region.

Wait wait wait. Are you saying that the middle east will experience peace and the hold of the US will come to an end? Is that why oil goes to 5000USD?
How is that possible? The US wouldn't allow that. Wouldn't that spark a war???

>>53851093
Yeah I noticed the date

>>53851137
The US is loaded with oil btw

>>53851153
>>53851153
But isn't Europe going through an Oil crisis or some shit right now?

>>53851137
I just reread my post here. It says "Britain and France" >>53851153
How about these countries? Are they loaded with Oil?

>>53851158
No, gas prices here are the same as always 1.8€ lt

>>53851181
I remember reading before that Germany and other EU countries were importing their Oil from Russia and then Russia cut off their oil and it soared.

>>53851181
https://www.worldometers.info/oil/france-oil/
>France holds 78,431,000 barrels of proven oil reserves as of 2016, ranking 72nd in the world and accounting for about 0.0% of the world's total oil reserves of 1,650,585,140,000 barrels.

Total Oil Reserves in France are less than even a single year of oil consumption (622,532,432 barrels as of 2016), making France highly dependent on oil imports in order to substain its consumption levels.
This was back in 2016 too..

>The United Kingdom holds 2,754,685,000 barrels of proven oil reserves as of 2016, ranking 30th in the world and accounting for about 0.2% of the world's total oil reserves of 1,650,585,140,000 barrels. The United Kingdom has proven reserves equivalent to 4.8 times its annual consumption. This means that, without imports, there would be about 5 years of oil left (at current consumption levels and excluding unproven reserves).

Fuck me. All of this data was back in 2016

>>53851228
Those are proven reserves. You’ll find a lot of them don’t have what they say they have and a majority of them are based in private companies.
You are doing well. If you dig deeper , you will uncover a treasure trove.

>>53851260
holy shit ur right

>>53851317
I’m always right. See you at 5000

>>53851367
Oil is at 76 now, correct?

>>53851390
Yep. USOIL is at 76~ right now.

>>53851413
How can I profit off of this knowledge?

>>53851367
okay, if that holds, what would be smarter here, long exxon/chevron or aramco?
Fuck saudis

>>53850992
>>53851003
>>53851009
>>53851017
>>53851075
>>53851093
>>53851137
>>53851158
>>53851176
>>53851200
>>53851228
>>53851260
>>53851317
>>53851367
>>53851413
KYS SAMEFAGGOT
INB4 NIGGER

>>53851317
No exxon, chevron, bp, total, shell?

>>53851440
Do those "produce" oil?

>>53851423
The best bet is to go long on it through a broker.
I just signed up at tiomarkets.com to set up an account. But the market isn't open until Sunday 5pm. Use my promo code when you sign up @ tiomarkets.com FRIEND156776
>>53851429
Seems like all of them. But the market opens on Monday for these stocks.
>>53851440
Those are in the private companies section.

>>53851445
Kek, my sides

>>53850992
What's special about this date and why exactly 5k? Why not 4 or 6?

>>53851497
Look at the previous anon talking about it. Connect the dots

>>53851075

>>53851075
I'm getting heavy Shemitah vibes from this post.
>here's this thing no one's ever heard of before but look how it's coincided with these past events, you should go all in, goy

>>53851551
Good try but israel will wish that it hadn’t messed with us goys
Inshallah

>>53850992
50,00 USD? Could happen if recession kicks in. But 60 is more realistic as a bottom atm.

/smg/ has been buying oil stocks for months so you can bet it’s going to zero those guys are almost always wrong

>talking to yourself on a proxy
how sad and pathetic can you incels be

>>53850992
The opposite will happen, because the Ukraine war will end on 01/03/2023. On the third, they will rug everything, after the three day rally.

>>53851075
wow incredible how you were able to compile all that research in a mere 14 minutes

>>53850992
I've been eyeing up a nice CVX purchase desu, but can't help but feel like it's chasing the top.

cross-trading after-market WTI vix and throwing some fcf into brent calls...selling otm puts, uncovered ofc. thanks for the tip op.

>>53852468
He said time in history and literally went to a website and typed in Oil. Maybe you are just retarded

Niggers

>>53851153
Declining capital expenditure is declining EROI on petroleum. Sure there exists trillions of barrels of oil in the United States if you consider kerogen to be oil. But the energy return is worse than lignite.

>>53850992
Real estimation shows peak of blow off top 300-450.. depends on when they stop SPR releases and when they start investing in this critical energy and manufacturing infrastructure commodity