Oil just crashed

[BmoreGorilla]

Someone was also explaining this to me on how to get good wholesale fuel prices since I have a gas station.

On a regular day prior to the virus. Where I'm at at least.. the oil marketers are given allocations and an expiry date on their allocations. So they have to sell to dealers prior to that date who then sells it to consumers. As you approach that allocation expiry date they become desperate and have to dump it at a lower price or the incur heavy expenses keeping their fuel at the depot longer. So sometimes it's good to have someone inside on the depot telling you which marketer slot is about to expire and that person will give you a better price..

Right now demand for fuel is low. Marketers still have a ton of fuel they haven't got rid of and their prices are dropping just to dump that shyt. The producers also have it bad cause no marketers are buying new product when they still have stock they have to get rid of to dealers.

Thanks for breaking that down. Sounds like the drug game

 

[Arithmetic]

 

[NZA]

might be time for me to gas up the whip and take a tour of arizona like i always should have done

 

[FukkaPaidEmail]

People are about to get rich

 

[Freedman]

guess who is the number 1 producer of oil worldwide?
its not Saudi or Russia
its the US**

*** Thanks to our Shale Industry which is probably hurting the most because they only stay in business if the price of Oil is high

 

[FaTaL]

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

Yes

 

[GhostBreh]

 

[Threnody]

There was a thread talking about this about to happen weeks ago and it was bushed

a lot of interesting dope threads have been bushed lately for no real reason.....odd

 

[FaTaL]

Someone was also explaining this to me on how to get good wholesale fuel prices since I have a gas station.

On a regular day prior to the virus. Where I'm at at least.. the oil marketers are given allocations and an expiry date on their allocations. So they have to sell to dealers prior to that date who then sells it to consumers. As you approach that allocation expiry date they become desperate and have to dump it at a lower price or the incur heavy expenses keeping their fuel at the depot longer. So sometimes it's good to have someone inside on the depot telling you which marketer slot is about to expire and that person will give you a better price..

Right now demand for fuel is low. Marketers still have a ton of fuel they haven't got rid of and their prices are dropping just to dump that shyt. The producers also have it bad cause no marketers are buying new product when they still have stock they have to get rid of to dealers.

Thanks for the info

 

[Pyrexcup]

There was a thread talking about this about to happen weeks ago and it was bushed

a lot of interesting dope threads have been bushed lately for no real reason.....odd

name of thread?

 

[Unknown Poster]

2020 is just the gift that keeps on giving.

 

[Threnody]

name of thread?

I just tried to find it and couldn't its somewhere in the bushes section of the site or at least it should be

 

[Saysumthinfunnymike]

Time to invest in oil.

Quarantine won't be forever.​

​

Prices for the large companies are ridiculously high still

 

[Ineedmoney504]

Subz

 

[TNOT]

Prices for the large companies are ridiculously high still

Naw, it’s a good bargain for a long term hold.
Chevron and Exxon are on the cheap right now