Oil just crashed

[Uitomy]

Why?

Their whole country is pretty much solely dependent on oil, that's the only big commodity coming out of there, their economy completely went to shyt cause of that so with oil prices crashing there's pretty much no point in anyone who isn't rich staying there cause with their dollars being tied so heavily to oil they can't afford ANYTHING. They're undergoing an apocalypse

 

[Sindicated]

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

Basically the American dollar is backed by Oil ie Petro Dollar so if Oil crashes the dollar is next which means inflation will be crazy 1200 aint shyt if Milk $50 a gallon and Bread is $20 for a Loaf.

 

[Rollie Forbes]

Nah I ain’t that old nikka $5 used to give me a calm quarter tank

 

[JordanWearinThe45]

Their whole country is pretty much solely dependent on oil, that's the only big commodity coming out of there, their economy completely went to shyt cause of that so with oil prices crashing there's pretty much no point in anyone who isn't rich staying there cause with their dollars being tied so heavily to oil they can't afford ANYTHING. They're undergoing an apocalypse

Oh yeah that’s right, damn. What about Trinidad? They got the pitch lake and all that I think they export a lot of oil too, no?

 

[Uitomy]

Oh yeah that’s right, damn. What about Trinidad? They got the pitch lake and all that I think they export a lot of oil too, no?

I haven't kept up with them but it's going to have a bad effect on them too if that's one of their main exports, it's a global depression out here for real. This is definitely going to affect the petrodollar negatively which is going to have an adverse affect on them with the association.

 

[JordanWearinThe45]

I haven't kept up with them but it's going to have a bad effect on them too if that's one of their main exports, it's a global depression out here for real. This is definitely going to affect the petrodollar negatively which is going to have an adverse affect on them with the association.

shyts crazy. I hope this shyt don’t last too long. shyts already crazy w the violence and corruption in Trinidad as it is.

 

[Stir Fry]

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

 

[sayyestothis]

Buy OILU

 

[Paper Boi]

 

[PJMilano]

...

 

[Afrodroid]

Can't make this shyt up

 

[Thethirdpew]

Brehs who are or brave enough to admit they have no idea what this means are lowkey exposing their complete economic illiteracy. Suddenly it makes sense that certain incredibly dumb ideas are popular here.

I dont know why this surprises you. The amount of anti intellectualism in thecoli is actually sad. Be ignorant to basic supply and demand principles breh

 

[Thethirdpew]

I disagree. No one could have predicted what happened today with oil prices. The true ramifications of all of this is still unknown, especially what it means to US shale productions and Saudi/US relations. Rather then sit on some ivory tower and act holier than thou maybe it would be worthwhile to actually educate the masses.

Yes you would have . Last night futures for crude oil was down nearly 10 percent. I made 10k this morning by predicting that USO would drop. Yall just dumb and dont pay attention to news

 

[PJMilano]

Yes you would have . Last night futures for crude oil was down nearly 10 percent. I made 10k this morning by predicting that USO would drop. Yall just dumb and dont pay attention to news

 

[Samori Toure]

Oil falling is an indicator that the greater market is about to collapse. That means that car sales are next and then everything else will collapse crater too. The economy is not going to make the big return like people think.



Btw,Trump was involved in this too:


Trump Steps In To Help Oil Industry Facing Its Own Coronavirus Crisis
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