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/biz/ - Business & Finance

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18396299 No.18396299 [Reply] [Original]

Today, Saturday April 10, Mexico agreed to OPEC deal slashing its oil production by 100,000 barrels a day. What going to happen lads? Things must be pretty bad for them to start cutting

>> No.18396390
File: 34 KB, 1079x192, Screenshot_20200409-171254_Robinhood.jpg [View same] [iqdb] [saucenao] [google]
18396390

Yeah I dont give a fuck about that. How much money am I going to make?

>> No.18396472

>>18396299
car companies will be forced to commence production of electric vehicles. these are all events leading to the nwo

>> No.18396545
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18396545

>>18396299
The 100k was known on Thursday. OPEC+ wants more. Mexico isn't budging.

proof in the pic

>> No.18396558

>>18396545
I agree its not enough to bring oil prices up. I believe we will see 20 a barrel or less next two weeks

>> No.18396802

>>18396299
Why did Mexico have a say in the first place?

>> No.18396808

HOLY FUCKING SHIT

>> No.18396812

>>18396802
Cartel Boyz

>> No.18396815
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18396815

>>18396299
>Saturday April 10

>> No.18396817

>>18396802
They are a member of the oil cartel

>> No.18396835

>>18396812
>>18396817
I'm a brainlet, please explain

>> No.18396871

>>18396835
Oil production is controlled by a small group of people called OPEC. They pretty have have a global monopoly on oil. The only saving grace is that America is not a part of OPEC. But no doubt there are backdoor deals going on

>> No.18396948

100k is absolutely nothing, iran was threatening 6 million per day

>> No.18397012

>>18396871
get rid of the petrodollar ffs

>> No.18397756

What needs to happen is US oily product gets subsidized by government and we out pump everyone.

Take ivan, ackmed and tacos down.

And once they enter poverty because their resource based economy failed, we invade.

>> No.18397814

>>18396299
Time to short/buy puts.

>> No.18397819

any good oil stocks lads? sold MRO @ 4,50 but didn't rebuy the dip baka

>> No.18397865

>>18397756
Irrelevant. The US won't give up foreign oil because it's strategically vital. You cannot wage war without oil. The US' grip over the global oil production ensures an extended war against the US is literally impossible. The moment you loosen that grip, other global superpowers start subsidizing them instead.

>> No.18398107

>>18397865
The fuck you taking bout nigga?? your country is done ! get it

>> No.18398199

>>18397819
You should have held onto it long term mate.

>> No.18398556

Holding $44 put on XOP for 1/21/22, bought at $8/share. Looking good?

>> No.18398677

>>18396299
is this bullish for the mexican peso?

>> No.18398994

>>18398677
Its never bullish.

>> No.18399197

>>18398556
Small deal made.
Puts

>> No.18399207
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18399207

they haven't agreed to shit

>> No.18399249

What does this mean for my gush stack?

>> No.18399280

>>18396812
>>18396817
>>18396835
>>18396871
Mexico is not a member of OPEC either, morons.
>>18399249
Based tacos wreaking havoc. Saudis BTFO.

>> No.18399299

>>18398556
Meant call, not put

>> No.18399345

>>18399299
ihhhnononono
>>18399207

>> No.18399347
File: 73 KB, 800x600, america.jpg [View same] [iqdb] [saucenao] [google]
18399347

why dont we just bring freedom and democracy top the ME ?
then they can do what we fuckgin say or die
why are we such a bunch of pussies all of a sudden?
why cant we just freedom all those sandniggers to iddy bitty perices like we used to do in the good old days?

>> No.18399534

>>18399280
>Mexico is not a member of OPEC either, morons.
Mexico is in OPEC+

>> No.18399562

>>18398556
Jesus fuck, imagine the fees.

>> No.18399594

>>18396299
You know, with the collapse of the oil industry it would be pretty easy to push the green energy initiative.

>> No.18399717

>>18399280
Mexico jumped the fence into the meeting.

>> No.18399758

>>18396299
Isn't this good for oil stocks? Less production means less supply.

>> No.18399960

>>18396299
100k is a big difference from 400k, specially for Mexico who is a net importer and hedged a hefty amount of it's oil
btw, they didn't agree to anything from OPEC, they agreed to their own proposal of cutting 100k, let's see how the smaller members take the better treatment of Mexico if OPEC agrees to the proposal
>>18399280
>>18399717
Mexico is a member of OPEC+, with veto power
If it's membership was irrelevant they would had just ignored them, a 400k cut is nothing for the oil market
>>18397756
The only worthwhile oil it's SAs and Trump is a cuck of the arabians (alongside most of the reps/dems), they financed 9/11 and they were never called out, the mutts bow to the arabian muzzies
>>18398677
Quite bearish short term and barely bullish long term