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

/biz/ - Business & Finance

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17938316 No.17938316 [Reply] [Original]

>oil dropped in price because nobody needs gas anymore
Is it really that easy? Just buy oil and sell when the normies and wagies go back to their normal lives?

>> No.17938357

You’re an idiot.

>> No.17938367

>>17938357
And what does that make you?

>> No.17938371

>>17938316
i mean when "normies and wagies" go back to their normal lives you buy everything, its all going up

>> No.17938385

>>17938316
Do you live in a box? Do you know who Saudi Arabia and Russia are? Do you know where oil even comes from?

>> No.17938408

oil just pumped 5%, wait for it to go back down

protip: it will

>> No.17938421

>>17938385
its from the dinosaur right?

>> No.17938482

>>17938421
Lol no. Even if dinosaurs did produce oil they died billions of years ago.

>> No.17938492
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17938492

>>17938316
buy high sell low

>> No.17938499

Oil dropped in price because there's a price war going on between Saudi Barbaria and Russia.

Furthermore demand globally has drastically gone down which hurts oil, on top of that oil companies are getting hit very hard.

>> No.17938564

>>17938492
I'm cautiously bullish on oil...just not for the next month or two. its going down more.

>> No.17938570

>>17938499
This. OP is an actual retard.

>> No.17938771

>>17938385
explain. how would SA or Russia tank the price further for the near future, and why would they do so?

>> No.17938823

>>17938499
it'll go up after a few years though, surely? the price war won't last decades, this coronavirus lockdown will be over in a year or two

>> No.17939250

>>17938421
Hahaha. Get a load of this brainlet. He thinks dinosaurs are pumping oil out of the ground. They are extinct boyo and even if they werent, they wouldnt have the iq or thumb digits necessary to operate drilling equipment. The absolute state of this board. Not gonna make it.

>> No.17939287

all in on suncor?

>> No.17939326

>>17938371
>when
you mean before

>> No.17939402

>>17938823
Yeah, it will probably go back up again.

Now, let's say that U.S. shale companies all survive (or even thrive) the ongoing tradewar, that could throw a wrench in OP's plans.

>> No.17939432

>>17938492
>below zero
So... they'll be paying people to take their oil?

>> No.17939542

>>17939432
They pay you when you go to the gas station

>> No.17940776

>>17939432
>buy oil barrel for 20$
>sell oil barrel for 50$ two years later
>earn 30$
boy, economics are sure hard to grasp

>> No.17940965

I'm a complete retard. How do you buy oil? There's no stock or coin based on oil

>> No.17941109

>>17940965
Keep it in your basement.

>> No.17941339

>>17940965
>There's no stock or coin based on oil
stick to shitcoins brainlet

>> No.17941587

When do you guys think it will be time to buy oil?

It sure ain't now.

>> No.17941840
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17941840

>>17938492
JUST

>> No.17942944

>>17941587
>It sure ain't now.

I bought GUSH calls at $0.05. It's now or never.

>> No.17943026

>>17938771
>offer oil for cheaper price
>sell more oil
>get money to buy things in the world, like food

>> No.17943046

>>17938316
The collapse in oil prices has little to do wuhan flu. Do some research anon.

>> No.17943076

>>17940965
>coin

>> No.17943561

>>17940965
Get a loan. Buy barrels. Fill with oil from Walmart in the auto department. Wait a year.

Why is this board so incompetent

>> No.17943696

>>17943561
Honestly, I pray someone actually takes this advice only to find out their gas has gone bad in a year or two.

>> No.17943720
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17943720

>>17938316
No, it's not really that easy.