OIL IS FUCKING DEAD

[Anonymous No.17974329]

AAAAAAAAAAAAAAAAAAAAAAAAAAA
https://oilprice.com/Energy/Energy-General/The-Very-Real-Prospect-Of-5-Oil.html
https://oilprice.com/Energy/Energy-General/Russia-Needs-Higher-Prices-But-Wont-Give-An-Inch.html
https://www.barrons.com/articles/oil-prices-are-sliding-dont-expect-a-snapback-anytime-soon-51584735503

[Anonymous No.17974347]

i know there are some bad parts of this, but you can't get me to give a fuck

[Anonymous No.17974349]

>gas still around the same price as it was at $100 a barrel
what did they mean by that

[Anonymous No.17974352]

Great. Bring back the V12 engines.

[Anonymous No.17974371]

>>17974329
>just a few years away from the tesla boom
Imagine investing in oil in 2020

[Anonymous No.17974384]

>>17974371
>the tesla boom

[Anonymous No.17974391]

THIS IS NOT OK

[Anonymous No.17974418]

this is how heroin dealers work too
oil is cheap bro, just use more, become more reliant
oops price went up

[Anonymous No.17974429]

>>17974418
No one is buying when majority of the world is quarantined.

[Anonymous No.17974493]

>>17974329
BUT I JUST BOUGHT OIL STOCKS TODAY!!!!

[Anonymous No.17974508]

>>17974329
LMFAOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!

Anyone who says this has no idea how da world works.

[Anonymous No.17974629]

>>17974329

Nice, time to get some Shell and shit at that point. Keep us updated!

[Anonymous No.17974664]

Brainlet here, does this mean significantly cheaper petrol and diesel for cars?

[Anonymous No.17974689]

This is the buy signal i needed

[Anonymous No.17974702]

>>17974689
Yep

[Anonymous No.17974735]

>>17974664
Lmao see >>17974371

[Anonymous No.17974784]

>>17974371
Call me when you can charge a battery that can go 400 miles in 2 minutes.

[Anonymous No.17974827]

>>17974329
This might no joke save the world economy.
Not the American oil economy, ofc, but everyone else might just have decent enough margins as a result as to not completely collapse.

[Anonymous No.17974856]

>oy vey Yahweh forbid the goyim have cheap gas

[Anonymous No.17974872]

>>17974329
>fuel prices still high in my country
Fucking kikes...

[Anonymous No.17974883]

>>17974329
Great. I'll just buy more.

[Anonymous No.17974920]

>>17974735
>>17974371
You guys realize cheap oil is tesla's death knell right? Why pay the preium to drive an electric when oil is cheap? Oil investors may be getting screwed but if its marketdly cheaper to stick with a combustion engine forever, then electric car manufacturers go down with them.

[W33DBrahski No.17974991]

>>17974352
+

>>17974920
+

[Anonymous No.17975010]

>>17974920
NOOOOOOO ENVIRONMENTALISTS TOLD ME THE PLANET IS RUNNING OUT OF OIL AND WE NEED ALTERNATE ENERGY NOW ELON SAVE MEEEEEE

[Anonymous No.17975015]

>>17974872
Same. Oil dropped by 70% and the gas price in my country is only 10% lower. I got my gas cans ready though.

[Anonymous No.17975024]

>>17974329
What's bad for the producer is good for the speculator my guys

On crude storage and oil futures instruments as per wikipedia
>The concept started to be used by the oil traders in the market in early 1990.[2] But it was in 2007 through 2009 the oil storage trade expanded.[6] Many participants—including Wall Street giants, such as Morgan Stanley, Goldman Sachs, and Citicorp—turning sizeable profits simply by sitting on tanks of oil.[5] By May, 2007 Cushing's inventory fell by nearly 35% as the oil-storage trade heated up.[5]

[Anonymous No.17975050]

>>17975015
The supply glut is going into salt mines in the Gulf not your gas tank.

[Anonymous No.17975065]

>>17974384
>Screen Shot 2020-03-20

[Anonymous No.17975075]

>Oil drops to $5
>Long it and leverage the shit out of your position
>Retire few years later with having made 20x your investment.
It's free money.

[Anonymous No.17975080]

>>17974329
Yet gas will still be over $4 a gallon in California

[Anonymous No.17975087]

>>17974329
Oil will be back up Monday

[Anonymous No.17975268]

>>17974371
>tesla boom

[Anonymous No.17975306]

>>17974329
Only in US, Brent was bullish today

[Anonymous No.17975355]

xrp gold standard incoming in 3....2....1....

[Anonymous No.17975710]

>>17974371
>EVs require copious precious metals to be built
>precious metals are mined with diesel guzzling heavy machinery
Checkmate, cuck.

[Anonymous No.17975773]

>>17974784
Unironically look into hydrogen oxygen fuel cells. There's still some kinks t ok be worked out with regsrds to storing the hydrogen since it either needs to be super pressurised or super cooled, but a hydrogen car itself has all the benefits of pure ev but none of the drawbacks

[Anonymous No.17976133]

>>17975087
how do you know that ?

[Anonymous No.17976153]

>>17974349
gas is still $5.00+ a gallon near you?

[Anonymous No.17976321]

>>17974371
Tesla will only boom if it makes a fully self driving car, not electric ones. Prove me fucking wrong.

[W33DBrahski No.17976363]

>>17975773
>There's still some kinks t ok be worked out
NGMI

>>17975075
Best Long Oil ETF?

[Anonymous No.17976412]

>>17975773
I’m actually in this industry and the problem is largely infrastructure. It’s easy enough to build fuel cell cars and to make hydrogen, it’s not so easy to build the entirely new infrastructure required to distribute it. I’m thinking if oil stays <$20 for long after the virus situation stabilizes I need to look for a new job.