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US Oil Market Crashes
April 20, 2020 at 4:32 pm
(This post was last modified: April 20, 2020 at 4:33 pm by BrianSoddingBoru4.)
The US market price for light crude is now -$35/barrel. This is clearly the time to buy. If you buy ten barrels of oil, you get the oil PLUS $350.
That’s how it works, right?
Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson
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RE: US Oil Market Crashes
April 20, 2020 at 4:46 pm
I know the world cant get off fossil fuels in a day, but the truth is science has known as early as the 1890s that burning too much greenhouse gasses/CO2 will damage the planet.
I hope our species isn't beyond the point of no return. But the fossil full industry CEOs and shareholders are not going to give up without a fight. I could care less if a barrel of crude was a penny, it will cost far more to ignore the global warming burning fossil fuels in the future if we continue to ignore the damage it is causing.
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RE: US Oil Market Crashes
April 20, 2020 at 4:58 pm
Shareholders will shift their investment wherever the best return on investment is.
Quote:I don't understand why you'd come to a discussion forum, and then proceed to reap from visibility any voice that disagrees with you. If you're going to do that, why not just sit in front of a mirror and pat yourself on the back continuously?
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Esquilax
Evolution - Adapt or be eaten.
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RE: US Oil Market Crashes
April 20, 2020 at 5:30 pm
(April 20, 2020 at 4:58 pm)Mr Greene Wrote: Shareholders will shift their investment wherever the best return on investment is.
Which is likely to bankrupt the petroleum industry (or at least large parts of it). That would be bad.
Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson
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RE: US Oil Market Crashes
April 20, 2020 at 5:38 pm
It is what it is, you'd then get calls for nationalization.
That might produce a rather dramatic change in the American outlook if it actually came to pass.
Quote:I don't understand why you'd come to a discussion forum, and then proceed to reap from visibility any voice that disagrees with you. If you're going to do that, why not just sit in front of a mirror and pat yourself on the back continuously?
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Esquilax
Evolution - Adapt or be eaten.
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RE: US Oil Market Crashes
April 20, 2020 at 5:46 pm
I'm sure that the oil industry has made enough money that they will feel ashamed when they hold out their hands to the gov for some "spare change". /sarc
If you get to thinking you’re a person of some influence, try ordering somebody else’s dog around.
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RE: US Oil Market Crashes
April 20, 2020 at 5:52 pm
(April 20, 2020 at 5:38 pm)Mr Greene Wrote: It is what it is, you'd then get calls for nationalization.
That might produce a rather dramatic change in the American outlook if it actually came to pass.
What about GM? How many bloody times are THEY going to be nationalized?
*
looks at his watch* Shit, the US is almost ready for another war. It's the Saudi's turn. Or maybe Iran. Or Nth Korea? anyone really.
No God, No fear.
Know God, Know fear.
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RE: US Oil Market Crashes
April 20, 2020 at 5:56 pm
War will almost certainly follow, Nations are going to be piling on the debt right now, and will become desperate when payment is due.
The US and/or Europe might well get pulled in but economic stress will likely be the best indicator of where it will break out.
Quote:I don't understand why you'd come to a discussion forum, and then proceed to reap from visibility any voice that disagrees with you. If you're going to do that, why not just sit in front of a mirror and pat yourself on the back continuously?
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Esquilax
Evolution - Adapt or be eaten.
