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/biz/ - Business & Finance

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12227765 No.12227765 [Reply] [Original]

Why is oil getting so JUSTED this year

>> No.12227783

>>12227765
Cheaper gas for me LOL

>> No.12227804

>>12227765
higher supply, lower demand

>> No.12227824

>>12227765
Saudis smoking burger pole after they iced a dude and got caught.

>> No.12227835

There was also a shit ton of oil. Peak Oil was a fucking meme pushed just like the diamond industry pushes the meme that diamonds are super rare and can only be bought at professional jewelers. The U.S. alone recently found reserves in the ground that could sustain the entire globe for 245 years if everyone of the planet used a car so it isn't a surprise for the oil price to go down with supply goes up.

>> No.12227938

trump handed out waivers for sanctioned iranian oil after telling the saudis to increase production levels to an all time high

>> No.12227963

>>12227765
Obama drilled the shit out of it.

>> No.12228001

>>12227835

pretty much

>> No.12228011

>>12227765
Russia and OPEC are trying to crash the petro dollar. They want to dethron the dollar as the global reserve currency.