Are they fucking retards?

The usa cant win a war with the entire world. It either bend da nee or get da klap

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>Lose billions in a matter of weeks
I don't think so. They are always hedged with oil futures shorts.

US shale companies needed like 50 dollars to stay solvent and were taking up Russian and Saudi market share on the global market. So they decided to collapse the prices pump as much oil and capture as much market share as possible while the US shale industry goes to the shitter

FUCKING THIS. Putin took his opportunity to fuck over the US financial system. All the debt from the shale oil boom just got rendered WORTHLESS.

If you understand what the implications of this are you see how small a thing the economic effects of the virus are in comparison (and they are big obv). 4d chess move for the ages.

consider this

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yes, big sunlight is now a player

the point of this pricing war is not pricing anymore, but market share

>bye bye "american energy independence"
would be a real shame if we pulled all troops and carrier groups out of ME and told israel "you're own your own"
they may have to start lobbing nukes before its all over...would be a real shame for us to do that...

no dude, Russia is fucked here, their entire economy is based on energy exports. We can bail our shale producers in the short term and print money, Russia can't do anything.

>Saudi flooding cheap oil when they have to break 80$
>money printer go brrrrrr
Holy fucking retard

Russia has National Wealth Fund precisely for this reason. They can weather this out for a few years running deficits because they can divert money from the fund. Saudis can't run a 20% deficit continuously, their pampered population will start striking and start rebelling if their benefits are cut

High IQ post

Free market bro. Were not venezuela. How will make shale oil companies profit if the price of a barrel is too low? Just buy puts negro.

They're actually genius chads absolutely tanking US oil

They are cashing out.

Yes. The American Oil lobby got fucking shutdown and their petition (To sanction Saudi Arabia for oil dumping) got erased by the Current administration.

It's a war of attrition dude, they probably know something you don't. go fuck yourself

yeah, and what does Iran have to break, holy fuck you are stupid

>already sanctioned to death
and you still haven't gotten a single fucking thing from them. Meanwhile Saudi is just pissing away their money on a Yemeni sinkhole.

Because most of you are fucking retarded. Here easy to read articles for retarded.

zerohedge.com/geopolitical/putin-unleashes-strategic-hell-us

zerohedge.com/energy/why-saudi-arabias-oil-price-war-doomed-fail

zerohedge.com/economics/first-time-1970s-texas-considering-curtailing-oil-production

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your id is literally so pink and gay you've been banned from this thread.

They're gonna murder US producers, then pump it.

Oil calls 2021 all the way.

have sex

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>In purely basic oil economics terms, Russia has a budget breakeven price of US$40 per barrel of Brent this year: Saudi’s is US$84. Russia can produce over 11 million barrels per day (mbpd) of oil without figuratively breaking sweat; Saudi’s average from 1973 to right now is just over 8 mbpd. Russia’s major oil producer, Rosneft, has been begging President Putin to allow it to produce and sell more oil since the OPEC+ arrangement was first agreed in December 2016; Saudi’s major oil producer, Aramco, only suffers value-destruction in such a scenario. Russia can cope with oil prices as low as US$25 per barrel from a budget and foreign asset reserves perspective for up to 10 years; Saudi can manage 2 years at most.

A key reason why Russia can survive for so much longer than Saudis is actually thanks to MbS himself. Underlining this – and the fact that the Russians do have a very impish sense of humour, as they do – was that Russia’s Energy Minister, Alexander Novak, last week praised the co-operation of the OPEC+ grouping over the past three years, which, he added “had earned Russia 10 trillion rubles [US$140 billion].” Presumably just to highlight the irony of this further, Russia’s Finance Ministry then helpfully chipped in that the accumulated funds from the previous OPEC+ agreements will help Russia to support the ruble and will also help Russia to cope with oil prices as low as US$25 per barrel for up to 10 years. The metaphorical icing on the cake, though, was Novak adding that “we may reach new agreements [with OPEC] if needed”. In practical terms this means that if, in fact, it takes longer than originally thought by Russia for Saudi to go bankrupt and it starts to have any negative impact on Russia, then Moscow will just click its fingers together and Riyadh will come running to sign a new OPEC+ output cap deal.
oilprice.com/Energy/Oil-Prices/The-Inevitable-Outcome-Of-The-Oil-Price-War.html

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This. They crashed the price, so they knew to go short.

sooo when do i pick up oil stocks? 2 weeks?

>Budget breakeven
>Not cost of production
Saudi Arabia's cost of oil production is very low. I'm not an expert but 10 years ago it was $10/barrel, so I would estimate that it's $20 now. It's just that the government promised way too many gibs to their population, so they will probably start cutting the gibs and sending back the foreign workers.

>sending back the foreign workers
The one thing they CANNOT do without their society nevermind economy shutting down.

wondering the same thing.. looks like they can operate for years at these prices - they won't like it but they can

So what U.S. oil is just never going to recover ?

Yes, Russia hopes to make the US shale producers simply throw the towel and give up permanently.

not only US, but us poor leafs are getting ass blasted. Alberta crude is selling for 8 dollars a barrel when they need 52 to be solvent.

Sandjews are desperately need money to cover their household

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less true now than it was 10 or 20 years ago.

Look up the latest stats

Energy makes up 50% of the exports but a third of that is natural gas.
They export a shitload of weapons, chemical production, fertilizer, agriculture, metals, some industrial equipment, etc.
In the GDP & economy however, only 10% of it is driven by oil.
The biggest chunks are services, manufacturing, public services (ie. schools, government, police, etc.), and a lot of other non-oil resource extraction & refining (metals, wood, nat. gas & more.)

This just proves how many retards there really are in biz
Go shill shitcoins fucking retard you deserve to get fucked hard and deep in the a us but you probably already like that , you shit coins will get dumped you will loose everyth ik ng and hopefully you hangyourself

AMERICAN SHELL
DEBT
Google

>Let's agree to lower our output, i produce 12 and you produce 7.
>no, I produce 9 and you produce 10
>no
>no

you are so smart, so fucking clever.. so answer this riddle genius.
When has the US ever stopped winning? they can't because they have the rivers.. read a a book or two, and understand that whatever the US does, it is winning, because of Rivers and farmland - bitch.

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That's the US's power vacuum to lose. Why would anyone else cry over the US shooting themselves in the foot?

except a single virus is destroying the illusion before our very eyes. this smug faggot will be necking himself within 18 months

during the last crises they learned and diversified,
now its like 32% of their total economy compared to Saudi's 82%

>Zeihan

The dude has been doing the same conferences for years.
You don't know what is happening user even people like martin amstrong that knew this was coming are panicking.

Burgerland is about to print 55% of it's monetary base in a few months , literally decades of printing in a few months.

This will cause massive hyperinflation so they are going for the meme cashless society path that has crashed india economy.

The only reason china could push in that meme path is becuase they shoot corrupt politicians.

When a democracy like india or the us goes into the cashless meme path the local mayor pass a tax on shitting and you have to pay it or get your wealth confiscated.

This is why india economy crashed after their demonetization attempt.

It's over we are in for a shitstorm.

That guy has to be one of the dumbest motherfuckers alive. It’s all literal boomer takes from the 70’s that are inapplicable to the modern world

kek and confirm. we're currently hit by a deflational shock and stock markets will likely being closed for a few days. but even if not hyperinflation is comming for the west (usa and europe).

>Are they fucking retards?
Yes. They're inbred desert nomads with more money than brains. This current king will be couped or assassinated, because he has a lot of princes in the family who expect their dividend checks.
Putin did the right thing, he should have known better than to trust arabs.

OPEC and Saud also need our refineries way more than we need our crude. Trump is leaving oil alone right now, as he should, but he could killshot Saud by closing access to our refineries. Which would also damage the refineries, because they make big cash on fees from Saud and OPEC turning their crude into gas and other products, but Saud would bend a knee fast if Trump even threatened to cut them off.

>Saudi Arabia's cost of oil production is very low.
For crude. They just pump it out of the ground. The US is the largest refiner of crude, and exporter of refined products. We have more power because of that, even though we rarely use it.

i doubt it will come to the usa but we could see 5% - 7% inflation levels which means everyone else will see 50%-300% meme levels since they will inflate even more than the dollar.

>no flights
>no traffic
Yes buy

EU and UK is still on our side. I like those odds.

>i doubt it will come to the usa but we could see 5% - 7% inflation levels which means everyone else will see 50%-300% meme levels since they will inflate even more than the dollar.
But doesn't that also mean Russia? Was deleting their own economy part of the plan?

MISSISSIPPI RIVER AND BRETON WOODS! AMERICA WINS!

Cash during hyperinflation isn't a "cashless" phase what do you mean?