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/biz/ - Business & Finance

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File: 107 KB, 1300x1300, 51374303-oil-barrel-illustration-price-20-dollars-per-barrel.jpg [View same] [iqdb] [saucenao] [google]
17740399 No.17740399 [Reply] [Original]

Twenty dollars is all it takes

>> No.17740451

>>17740399
oil can never fall below 25 due to technical limits, at that price point the barrel is more expensive than the oil inside it.

>> No.17740731

>>17740451
Shut up bitch

>> No.17740773
File: 73 KB, 634x444, A8E78ADE-AEFB-4BFA-9878-084E8834CA2E.jpg [View same] [iqdb] [saucenao] [google]
17740773

Oil will go to $70 only takes one event

>> No.17740867

>>17740451
>implying oil is actually stored in barrels and "barrel" isn't just the unit of measure used by the industry

>> No.17740896

>>17740451
Explain. What technical limits would stop this from dropping down?

>> No.17740923

>>17740399
For what!? Another one of your loser investments!?

>> No.17740940

To fill up my tank. Based market crashes are great times for road trips. Letting the common man enjoy the tears of the wealthy.

>> No.17740997

>>17740451
>technical limits
For the last fucking time shithead, fuckface PRICES ARE SUBJETIVE, PRICES ARE NOT AND WILL NEVER HAVE A CORRELATION WITH COST

>> No.17741001

>>17740451
>oil can never fall below 25 due to technical limits

Oil can never fall below the Break-Even-Point. And Saudi Arabia has the lowest BEP price for a barrel of oil than any other country. Aramco's BEP per barrel is $2, they could literally sell an entire barrel of oil for $2.01 and still make profit.

>> No.17741019

>>17740867
haha this is fucking hilarious... where does this guy think the billions of barrels of oil are stored? lmfao

>> No.17741290

>>17741019
In my portfolio
Very soon

>> No.17741520

>>17740773
based glowie poster

>> No.17741580

>>17740451
>buy oil by the barrel
>dump out the worthless oil and resell the valuable barrels
Explain to me why this wouldnt work.

>> No.17741690

>>17741580
this is pretty genius, as always anon finds a way.

>> No.17741812
File: 255 KB, 1400x800, oil storage.jpg [View same] [iqdb] [saucenao] [google]
17741812

>>17741019

>> No.17741815

>>17740399
I'm gonna be so fucking rich when this is over. Lock and loaded on long oil ETFs.

>> No.17741858

>>17741001
This is such fucking bullshit.

>> No.17742106

>>17740451
Well done.

>> No.17743411

>bitcorn will never drop below 6.5k becuase below that mining will cost more than token

>> No.17744295

>>17740451

i bought a bunch of oil options for September, fuck i hope i didnt goof this one up

>> No.17744370
File: 28 KB, 291x416, 1581137582851.jpg [View same] [iqdb] [saucenao] [google]
17744370

>>17741812

Literally big ass barrels

>> No.17744825

>>17744370
It's a lot more cost effective than $25/42gal of oil

>> No.17745027

Aaaand WALLAH! Just like that, a trillion dollar pump has been erased by the overwhelming pressure of the bears.

>> No.17745139

Just bought heavy into oil bull ETFs. What's every ones thoughts on the futures of oil?

>> No.17745302

>>17741812
They should store that in smaller barrels. More dollars per volume of oil that way.

>> No.17745450
File: 638 KB, 1280x853, 1536958234847.jpg [View same] [iqdb] [saucenao] [google]
17745450

>>17740867
>>17741812
Mate have you seen these barrels? They must costs hundreds of millions of dollars to make. A lot more expensive than standard barrels. So SA must be mining at a heavy loss.

>>17745302
Yeah this would be more sensible.
Do they build one of these big barrels for each gallon of oil? Way more expensive.

>> No.17745514

Check out the most delusional people ever here:
>Oil will bounce back soon!
https://stocktwits.com/symbol/GUSH
https://stocktwits.com/symbol/DRIP

>> No.17746429
File: 140 KB, 1024x991, 1583725569349.jpg [View same] [iqdb] [saucenao] [google]
17746429

(((They))) are literally going to start a war over this.
Burn your god damn draft cards right now.
We're not dying anymore over this shit.