Oil just crashed

[Virtuous_Brotha]

People are still not going outside anywhere near like before until they have confidence this is under control, lockdown or not

Exactly, folks acting like life will be normal or there is suddenly gonna be things to enjoy if it was lifted tommorrow. People ain't gonna give a fuk about going out for non essentials until june at least. I probably ain't even purchasing no clothes this summer.
Give the rona at least 2-3 months to run it's course before even entertaining the idea of doing anything that is not a necessity

 

[Sindicated]

This must be why Trump is in such a hurry to get the country opened back up. Big oil must be on his head right now

Bodies on the road Bodies on the road

Yep and you have to agree with him, the economy needs to go back to normal ASAP if not and the dollar crashes we will see a worldwide depression since the dollar is the Worlds reserve currency.

Heres a little more information aboout the PetroDollar How Petrodollars Affect The U.S. Dollar

 

[BrothaZay]

Buy crude stocks low and build an empire nikkas.....how y’all doing?

What's a crude stock I can buy

 

[EA]

Just bought BP stocks for the low

 

[loyola llothta]

 

[So-Chi]

join the boiler room thread in higher learning

Breh... WHERE IS HIGHER LEARNING

 

[shadowking]

Hopefully this downturn causes the world to quit paying for future oil and just pay for present oil like most every other product in existence.

Only a moron does that lol...imagine paying spot prices

 

[General Mills]

Name me some oil stocks??

I gotchu pleighboi

 

[levitate]

Don’t invest in alternative/renewable sources of energy, brehs...

 

[Edub]

I'll be the 1st to admit I have no idea what this means

It means we got a lot of oil and ain’t nobody drivin or traveling foreal....the the price is gonna drop. If you have more supply of a product than demand for it (usually) it means the price of the product will drop because it’s not so desired and doesn’t sell as easy

 

[ZoeGod]

If it stays below $20 at least 500 US oil companies are gonna go bankrupt of it stays below $10 there will be 1000 oil companies declaring bankruptcy by the end of 2021. The big oil companies are gonna buy out all these companies on the low. Garage sale season is here.

 

[TooLazyToMakeUp1]

$15 dollars @ Costco got the Suburban up to a little over half a tank

 

[GhostBreh]

Don’t invest in alternative/renewable sources of energy, brehs...

Nothing wrong with a good short to medium term play.

 

[Youseenmywork]

 

[HARLEM AL]

Trump restarting this shyt ASAP. Lace your kicks....