Saudis Plan Big Oil Output Hike, Beginning All-Out Price War

Started by Solar, March 07, 2020, 03:29:45 PM

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Possum

Quote from: Solar on March 09, 2020, 06:23:39 AM
It's amazing, Trump saw our potential in killing off commies. He knew it was mostly the left in this country who were in charge of the corruption, the selling us out for their own gains.
But Trump knew this could all be reversed by bringing them to justice, then with a strong economy, bring our enemies to their knees.
Every time I hear an idiot lib blame Trump for something, all I see is one more ignorant fool, a willful idiot/tool of our enemies.

Watch war come to a halt in the M/E, as they all return to the negotiating table.
:thumbup: Hard to fight a war with no money.

Solar

Quote from: Possum on March 09, 2020, 06:29:19 AM
:thumbup: Hard to fight a war with no money.
While fending off the hungry mobs at home. :biggrin:
The Ayatollah is shitting boulders while he watches Putin cower in the corner afraid of what Trump will do next. Trump has the world by the balls now, and libs haven't a fuckin clue what's about to happen next. 
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supsalemgr

I just checked and oil is down to $33 per barrel. SA has said they will not cut production. It is bad news for Russia and Iran.
"If you can't run with the big dawgs, stay on the porch!"

Solar

Quote from: supsalemgr on March 09, 2020, 07:10:59 AM
I just checked and oil is down to $33 per barrel. SA has said they will not cut production. It is bad news for Russia and Iran.
Putin Claims he could endure 10 years at $25.00 per barrel. This is proof that Trump is putting the screws to him. We all know 6 months at this price would cripple his economy, Russia produces next to nothing the world wants, aside from weaponry and if Trump does what I think he's doing? Even that Mkt will dry up..

His ass is toast if he doesn't do as Trump demands.
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supsalemgr

Apparently Trump spoke with Putin and the Saudis. As I post this oil is up over $4 this morning. Folks, that is good news. I know we all like low gas prices, but $20 per barrel is insane. We need our oil industry to remain viable in these difficult times.

I am sure the MSM will virtually ignore this story.

Also, I find it amazing we just had a jobs report that showed over 3 million new jobless claims. However, the Dow is up. I believe these financial results are an indication that Trump is leading.
"If you can't run with the big dawgs, stay on the porch!"

Solar

Quote from: supsalemgr on April 02, 2020, 08:27:24 AM
Apparently Trump spoke with Putin and the Saudis. As I post this oil is up over $4 this morning. Folks, that is good news. I know we all like low gas prices, but $20 per barrel is insane. We need our oil industry to remain viable in these difficult times.

I am sure the MSM will virtually ignore this story.

Also, I find it amazing we just had a jobs report that showed over 3 million new jobless claims. However, the Dow is up. I believe these financial results are an indication that Trump is leading.
Putin mouthed off, thought he could take on the worlds leading oil producers in hopes of getting his way in the M/E, Trump and SA told him put up, or STFU.
Now he's begging for relief because his entire economy is solely dependent on oil revenue.
Trump is in complete control. :thumbup:
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supsalemgr

Quote from: Solar on April 02, 2020, 09:05:39 AM
Putin mouthed off, thought he could take on the worlds leading oil producers in hopes of getting his way in the M/E, Trump and SA told him put up, or STFU.
Now he's begging for relief because his entire economy is solely dependent on oil revenue.
Trump is in complete control. :thumbup:

Being candid, it is out of character to screw up like this. I am thinking it may be desperation. No telling what the virus may be doing to Russia and its fragile economy.
"If you can't run with the big dawgs, stay on the porch!"

Solar

Quote from: supsalemgr on April 02, 2020, 09:25:17 AM
Being candid, it is out of character to screw up like this. I am thinking it may be desperation. No telling what the virus may be doing to Russia and its fragile economy.
Look at Reply #18. Putin played a game of chicken and lost. :lol: :lol: :lol:
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supsalemgr

"If you can't run with the big dawgs, stay on the porch!"

Solar

Quote from: supsalemgr on April 02, 2020, 11:45:00 AM
:smile: :smile:
Granted, it's not good for our economy, but unlike Russia, we don't depend on it for our sole income. Putin screwed the pooch on this one, thought he had more power than he did, or thought he could bluff, but Trump called that bluff. :biggrin:
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Possum

Putin is reminding me more and more of little fat kim

supsalemgr

Oil is trading at just over $10 per barrel this morning. This is way too low for our producer. However, it is devastating for Russia and Iran.
"If you can't run with the big dawgs, stay on the porch!"

Solar

Quote from: supsalemgr on April 20, 2020, 08:09:49 AM
Oil is trading at just over $10 per barrel this morning. This is way too low for our producer. However, it is devastating for Russia and Iran.
Obviously it didn't matter if they cut production, no one is buying anyway.
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ldub23

Oil prices  plunging to below  zero in some  markets, yes, i said its selling at  -1.98 as  i type. This isnt all models, i think its west texas crude. Sounds great, but that shuts down thousands  more  jobs in domestic  oil and thats another  industry  that  just  wont jump right  back. Also shows how  deep the  hole  is  we are going  into.

Update: -7.00 a  barrel now. you  got room to store  oil? They will pay you  to take the  oil. People you  need to realize  just  how  bad this  is going to get.

Update: down to -14.00 dollars a barrel

Its interesting to see what will happen. There are some  indications we will go into a deflationary  spiral as demand for  almost  everything  plummets. That  is realtively  short term. Long term the  govt  is pouring  out  money thats  never going to be enough to do any good. Long term, thats  likely  to create  a  good  bit  of  inflation

2 days ago you would  have thought  i was a  paid  liar to even say this. As  i type this  oil has  now  cratered  to -35.28 a  barrel. If you think thats good, you are so so very  wrong. Demand for  almost  everything except  masks is  just  going to keep plunging until or  unless we  open up

supsalemgr

Quote from: Solar on April 20, 2020, 10:00:37 AM
Obviously it didn't matter if they cut production, no one is buying anyway.

That is the key. Now, there is no storage capacity. We are seeing the wide ranging consequences of the shutdown.
"If you can't run with the big dawgs, stay on the porch!"