Oil just crashed

[QuintessentialMan]

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

Gas/oil is the one thing every economy is suppose to need to do stuff........now nobody wants it at all. It makes no sense. Its chaos out there.

 

[Ezekiel 25:17]

Gas bout to be 30¢ a gallon like the 1950s

 

[fkthisgaysite]

Bruh I have no shame when it comes to stuff like this, I'd rather ask and find out than just be ignorant

Same. I'm also a stoner so when I mention that ppl instantly understand. Regardless...no shame at all. I will ask if I don't understand so that I can then understand. Simple.

 

[GatorStaceyAdams]

Its a technical move, as the May Oil contracts rollover tomorrow. For comparison, the June 2020 contracts are at $20.

While the economy is partially to blame, this move can be largely attributed to the lack of storage capacity for oil. In other words, although you can buy it for free, there is absolutely no where for you to store it.

 

[Doctor Wily]

A penny a barrel


It's a wrap for the Petro dollar

 

[alpo]

Means you ain’t getting any stimulus check as the state is broke.

This lockdown needs to end quick otherwise what’s coming next will be far worse

bu bu bu bu we gots to stay in... th th the corona virus

 

[EBK String]

Texas and Oklahoma economy is about to be

 

[alpo]

Time to invest in oil.

Quarantine won't be forever.​

​

Name me some oil stocks??

 

[mykey]

When oil falls, that means the economy is sure to follow. It means nothing or no one is moving.

Don't worry, there will be a war soon to take your mind off of the crashed economy.

 

[Wildhundreds]

Means you ain’t getting any stimulus check as the state is broke.

This lockdown needs to end quick otherwise what’s coming next will be far worse

You got people on here who says a virus outbreak would be far worse

 

[CodeBlaMeVi]

Didn't Get one anyways but I appreciate the knowledge. So does this mean more overseas conflict, gas prices fluctuating?

Let’s put it like this. A clothing store is used to selling x amount of clothes per month while ordering y amount of inventory per month. X amount of cloths sold starts to decrease but the same y amount of inventory is coming In because they have a contract. As more clothes come in and less are sold; they start to lose closet space. They need closet space because they have to keep buying new inventory per the contract. They’ve been trying to get rid of the clothes on clearance but no one is biting. With no other discount buyers, he has to start giving away clothes.

 

[BelowTheMasonDixon]

I mean oil prices ain't going to stay this low forever, should we be buying?

 

[BelowTheMasonDixon]

Name me some oil stocks??

Exxon, Chevron, BP

 

[BigMoneyGrip]

mopar owners wit the hellcats and demons mount up we bout to ride out

 

[chkmeout]

gonna need for Elon to come through with that battery storage breakthrough to put the nail in these oil snake mfers