WTF is happening to oil
WTF is happening to oil
just a flu bro
It gets what it fucking deserves
Cargo and Cruise ships arent sailing as much, and the number of daily commutes has plummeted, while the oil pipelines still pump it out. Simple supply and demand.
CAN THEY STOP THE PIPELINES?
Coof coof coof
Kek.
Welp, time to cancel that CEI limit buy for tomorrow morning.
“Brand new” breakthroughs in ‘unconventional’ technologies that will soon be unveiled to the world.
If you know, you know.
aaaaaaaaaaaaaaa
You guys see that solar panel company that made an electric SUV?
ohhhhh mommmmmmy make it stop not my oilerinos
Based Russians. Now I can drive my v10 for almost free kek
oil derrick go grrrrrrrrrrrr
Nani
how do i profit off this?
Storage is full.
They can, but they don't want to
prove it
MOMMY I WANT OFF THIS RIDE NOW
Its shitting the bed. With 10 million barrels of oversupply even after a 10 million cut in production.
biz bought at 30$, that’s what happened.
Those who know do not speak; those who speak do not know.
Omg is it recovering soon? Or it will go lower?
It's just a bounce down?
Pls tell me
buy and hodl. It's never been this low before. It might keep going down for a little, but the point is it really has no way to go but up in the long term.
It's crashing with no survivors
literally party like it's 1999
It’s falling
>imagine being shorting this
you're fucking dumb
It's kill time.
For these wannabe traders going long WTI thinking they smart.
Put things into context anons.
THIS
Oil ain't like your grandmas ancient tea party collection, the world needs it and only a matter of time before world can't get enough of oil.
good time to invest if you're looking long term (e.g. 2-3 yrs)
Where’s all the retards who were bragging about going all in oil
Low in 1930: $10 per Barrel
Low in 1970: $11 per Barrel
Low in 1998: $12 per Barrel
The time is almost here anons, it's time to go ALL in on oil.
>6
see all the cycles.. even something so essential (e.g. oil) goes through this cycle.
crypto been in bear terroritory for awhile.. less than 1 year before crypto hits ATH.
just cycles bro
Going long with oil is the smart move, we just aren't nowhere near being done with this Corona Virus/ economic crash.
Downside risks are small compared to upside potential right now. A 150 year chart shows that these lows have only been hit a handful of times.
Can’t wait to buy the absolute bottom
What are the smart moves user? Which companies are safe yet profitable?