Sawdamizer Posted April 20, 2020 Posted April 20, 2020 2 minutes ago, tsar4 said: ...Oil? *sigh* its futures 2
tsar4 Posted April 20, 2020 Author Posted April 20, 2020 1 minute ago, Sawdamizer said: *sigh* its futures I know.
Codename: Jackass Posted April 20, 2020 Posted April 20, 2020 So this means they put it back in the ground now, right?
Lasty Posted April 20, 2020 Posted April 20, 2020 14 minutes ago, empty said: So this means they put it back in the ground now, right? No, they're going to make sure to get every last drop burned and into the atmosphere. Gonna ride that horse until they die on top of it's corpse.
Codename: Jackass Posted April 20, 2020 Posted April 20, 2020 Good news is we'll all be dead by then. Happy 420!
tsar4 Posted April 20, 2020 Author Posted April 20, 2020 16 minutes ago, empty said: So this means they put it back in the ground now, right? Putin purportedly wants the US to shut down its production so that he can control the prices and take over what we export.
Lasty Posted April 20, 2020 Posted April 20, 2020 2 minutes ago, empty said: Good news is we'll all be dead by then. Happy 420! 420 is lame. I quit smoking a couple months ago. It's nice to be able to think and stuff. Bicycle Day is better. So happy belated Bicycle Day.
tsar4 Posted April 20, 2020 Author Posted April 20, 2020 20 minutes ago, Lasty said: 420 is lame. I quit smoking a couple months ago. It's nice to be able to think and stuff. Bicycle Day is better. So happy belated Bicycle Day. You could always call it "Blackbird Pie Day".
Dark_Cloud_Overhead Posted April 20, 2020 Posted April 20, 2020 I just bought some last time I went to the supermarket. Been using a lot since I've been cooking at home a lot more. If this keeps up, soon crude might be cheaper and I might have to consider getting some and try cooking with it instead. 😝
Swimmod_Luna Posted April 20, 2020 Posted April 20, 2020 6 minutes ago, Dark_Cloud_Overhead said: I just bought some last time I went to the supermarket. Been using a lot since I've been cooking at home a lot more. If this keeps up, soon crude might be cheaper and I might have to consider getting some and try cooking with it instead. 😝 Crude IS cheaper right now it's negative which means they'll pay you to take it from them
Dark_Cloud_Overhead Posted April 20, 2020 Posted April 20, 2020 Oh? Then it must be a trap. What did they put in it? I don't trust anyone trying to give me sumthin for free, let alone pay me to take it from them. Whatever it is it must be truly diabolical.
Seight Posted April 20, 2020 Posted April 20, 2020 Appropriate that on 4/20 the futures market would get baked out of its mind.
Gina Szanboti Posted April 21, 2020 Posted April 21, 2020 Hell the price dropped 10% immediately after Chump announced his very great deal with OPEC and Russia to prop up prices. Everyone knows not to believe a word he says. But wouldn't now be a good time to top off the Strategic Petroleum Reserves? Given how he doesn't like to keep any stockpiles of anything around, I'm sure he's been quietly selling that off for the last three years. No, what he'll do is let oil companies use the space for peanuts to store oil that they still own, so when the price goes up, they're the ones making bank instead of taxpayers. And in return, they'll contribute to his campaign and Organization.
Seight Posted April 21, 2020 Posted April 21, 2020 *puts on clip-on tie* Okay, so my understanding of the stories I read earlier is the May Futures contracts for oil from West Texas are due in today, but nobody has any storage capacity left because they were still drilling for oil even though less people are driving their cars around. A negative Futures value means the people selling the contracts now have to resort to paying people to take the contract because nobody wants to buy it themselves.
tsar4 Posted April 21, 2020 Author Posted April 21, 2020 7 hours ago, Gina Szanboti said: Hell the price dropped 10% immediately after Chump announced his very great deal with OPEC and Russia to prop up prices. Everyone knows not to believe a word he says. But wouldn't now be a good time to top off the Strategic Petroleum Reserves? Given how he doesn't like to keep any stockpiles of anything around, I'm sure he's been quietly selling that off for the last three years. No, what he'll do is let oil companies use the space for peanuts to store oil that they still own, so when the price goes up, they're the ones making bank instead of taxpayers. And in return, they'll contribute to his campaign and Organization. Actually, he announced the Gov't would purchase 75M barrels at ~7pm yesterday. And to be fair, no POTUS since the PAHPA bill was signed by Bush Sr. in 2006 has stockpiled anything. It was even reauthorized in 2013 by Obama. How would they know what would be needed? We could have stockpiled masks & respirators, only to have an outbreak spread by mosquitoes that required plasmapheresis units or some other system.
PhilosipherStoned Posted April 21, 2020 Posted April 21, 2020 16 hours ago, Lasty said: 420 is lame. I quit smoking a couple months ago. It's nice to be able to think and stuff. Bicycle Day is better. So happy belated Bicycle Day. I forgot it was even 4/20.. So much shit going on.
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