HOLY FUCKING SHIT

| Register

Upvote this post.

Downvote this post.

HOLY FUCKING SHIT

Author: Nigel Tufnel (7783 Posts - Original UHND Member)

Posted at 9:27 am on Apr 20, 2020

View All

Oil plummeting over 40%. Get ready for sub $1 gas (except in CA).

Will be nice at the pump, but this is a very, very bad thing.

'I define fear as standing across from Joe Louis and knowing he wants to go home early.' - Max Baer

Replies to: "HOLY FUCKING SHIT"

HOLY FUCKING SHIT - Nigel Tufnel - 9:27am 4/20/20 (18) [View All]
- Update: SERIOUSLY, THIS SHIT IS UNREAL - Nigel Tufnel - 1:41pm 4/20/20
  - Are you tired of winning yet? [NT] - Frank L - 2:53pm 4/20/20
  - Pick up a barrel of West Texas Crude at the dollar store... [NT] - TakethetrainKnute - 1:45pm 4/20/20
- Kingdom of Saudi Arabia needs $70 barrel to continue their lavish lifestyle and welfare state [NT] - eftg1 - 1:12pm 4/20/20
  - Just got down to $1.04 a barrel (May contracts, I guess?). Wow. Down 94%. [NT] - NedoftheHill - 1:34pm 4/20/20
  - Well, flooding the market as demand was plummeting was probably a bad idea then... [NT] - TakethetrainKnute - 1:24pm 4/20/20
- Meh Orange is an economic genius, he will figure it out. [NT] - Frank L - 11:31am 4/20/20
- It's mostly just the front contract - so reflects a short term supply dynamic. - Iggle - 9:45am 4/20/20
  - A number of tankers sitting out there already. Thought they got a deal at 20. [NT] - TakethetrainKnute - 10:00am 4/20/20
    - You just have to be sure to sell that forward contract. - Iggle - 10:02am 4/20/20
      - This is true. [NT] - TakethetrainKnute - 10:03am 4/20/20
  - This. 100% this. - Rooney - 9:54am 4/20/20
    - Fill your pool with some Texas Tea. [NT] - Iggle - 10:01am 4/20/20
  - Interesting. Do you know much about the influence of The Railroad Commission of Texas, and if so, - BaronVonZemo - 9:49am 4/20/20
    - I don't know much about the RR commission. I watch oil, I don't trade it. [NT] - Iggle - 9:52am 4/20/20
- tough for the industry, but low oil prices rarely are a bad thing for consumers. It will help with - WestCoastIrishFan - 9:38am 4/20/20
  - ^^this^^^ [NT] - Frank L - 11:31am 4/20/20
- Here’s a good synopsis. Btw, also tough news for Tesla and the green energy sector. [NT] [LINK] - BaronVonZemo - 9:31am 4/20/20