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

/biz/ - Business & Finance

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51321344 No.51321344 [Reply] [Original]

Why aren't you investing in oil companies for $200+/barrel prices about to come?

US only has enough reserves to keep price control for 1-2 more months at current rates. Meaning the US is headed into winter with no oil reserves.

>> No.51321430

>>51321344
I don't know how to invest in oil. I'll buy one barrel please.

>> No.51321467

>>51321344
They'll have plenty of time to refill it during the recession at bargain prices.

>> No.51321482

Basically gas is going to jump to $10/gallon after the election is over.

>> No.51321490

>>51321430
/thread

>> No.51321504

>>51321344
Nothing burger.
Oil production is on par with demand and growing. The reserves won't run out.
Time to short oil companies

>> No.51321561 [DELETED] 

>>51321344
>"taps it" it's drilling to the center of the earth

>> No.51321586

>>51321344
> white house "taps it"
it's drilling to the center of the fucking earth

>> No.51321590

>>51321344
>$200+/barrel prices about to come?
nigger did you literally just read a post in that euro thread and instantly make a thread about it?

>> No.51321618

>>51321430
This. I’m only buying physical oil, not some bullshit oil stock

>> No.51321634

>>51321344
I'm just stocking gas and stabilizer for the winter

>> No.51321647

>>51321430
you don't literally invest in oil
this is why no one takes /biz/ seriously...

>> No.51321657

>>51321344
Is this considered buying votes in burgerland?

>> No.51321686
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51321686

>>51321344
>Why aren't you
i am. next topic please

>> No.51321701
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51321701

>>51321647
>you don't literally invest in oil
DBO will take care of it for you

>> No.51322200

>>51321647
I don't want to invest in oil I want to buy a tokenized barrel of oil that interacts with the markets.
Basically I want to invest in fossil fuels without having to lug a big heavy barrel around everywhere I go. Any suggestions?

>> No.51322556

>>51321344
Don't oil prices fall during a recession, as consumption reduces?

>> No.51322635
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51322635

>> No.51323522

>>51322556
What happens when the recession is due to the cost of energy being way too high? In that case it wouldn't go down it would stay high because it would be the catalyst.

>> No.51323849

>>51321590
Fuck off gate keeper. The topic is worthy of its own thread.

>> No.51323893

>>51322200
So... oil futures?

>> No.51323897

>>51322200
ETFs. There are several. USO is the only one I know off the top of my head.

>> No.51323965

>>51321344
Yes, oil will probably go much higher sometime relatively soon, but not because of the SPR. The whole SPR is actually only a few day's supply, so anything that happens to it doesn't have much effect on the price.

>> No.51324323

>>51321344
>Graph isn't graded at zero
Why is this so prevalent?

>> No.51324399

>>51321344
Recessions are not good for oil prices and I remember it being negative not long ago.

>> No.51324461

>>51321344
I invested in oil back in 2020 and all the easy money has already been made.
At this point I'm 50% cash waiting for the collapse to happen so I can buy all sorts of cheapies before the next dollar devaluation happens.

>> No.51324470

>>51321430
NRGU