OIL IS CRASHING!!!

keke this bill has more money than all the jews combined

Good scum need to suffer

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How much a barrel? Post numbers

Futures are TANKING
-914.8pts
(-3.55%)
xig.com/en/indices/markets-indices/weekend-wall-street

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Fuck yeah 1.50 gas here we come.

seems like Saudi got orders to fuck with Russia expect WW3 soon
we were all correct on Jan 2nd ww3 started basically

this is so predictable though, even without the ww3 shit... a collapse in world trade results in oil crashing it went to $30 a barrel in 2009 expect the same.

let the barrels hit the floor. I want $1.00/ga gasoline NOW!

I need numbers on oil. Week chart

Looks like a nothing burger to me.

NO NO NO NO

This is how the great chimpout will happen in Norway... when the gibs run out we are doomed I tell you

dump it

Yas Forums was a mistake, I know it's a containment board but still

no, boof it.

lol
waiting for the day when Yas Forums goes 100% pink wojak

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I've had a feeling this has been coming for a few months. Scrap copper prices follow oil prices fairly close and scrap copper is low as shit. We've been sitting on a bunch of it at my shop waiting for it to go back up but it looks like we're gonna have to keep sitting on it.

>Futures are TANKING
The literal future itself is tanking.
youtube.com/watch?v=oIscL-Bjsq4

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PUTIN ON SUICIDE WATCH

more like Bolton on suicide watch... Russia and Iran and China gonna respond to USA virus with ww3.

SELL OIL
BUY TOILET PAPER

>somebody actually made that pic

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this

Your servers run on antiquated power plants correct? What do you think happens when those shitcoins aren't able to return to the mothership?
Well?

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Off to hang myself now lmao

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Pink wojak is best meme outta Yas Forums

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forbes.com/sites/rrapier/2020/01/27/oil-bankruptcies-are-piling-up/#43b57b8a7b1f
>There was an initial wave of more than 100 bankruptcy filings in 2015 and 2016 as the oil price crash pushed some companies to the breaking point. As oil prices recovered somewhat after 2016, the number of filings declined to 24 in 2017 and 28 in 2018.
>But the fourth quarter of 2018 saw a steep drop in oil prices, and that decline lingered into 2019. This resulted in a jump in the number of filings in 2019 back up to 42.

Now oil is headed for BELOW $30 a barrel.
It's all gone to shit for USA oil companies.

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Should i buy bros? What are the bogs planning?

drill baby drill?

Oh shit. I might be out of a job. LMAO.

>for USA
Хa-хa-хa

A barrel of oil is literally cheaper than a few packs of AA batteries. Peak oil btfo

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This. EPD

>implying this is anything but bullish for the economy

It's going to cause problems if it's this cheap. Not even West Texas can afford to drill at that price for long and that's a lot of jobs.

fuck off tranny shill. Stop trying to ruin Trump's economy fucker. My 401k is not going to be ruined. The economy is booming

But there's no lack of supply right now, just the opposite, which is partly to blame for the crash in prices. If anything I can power my servers even cheaper than usual.

And it's beautiful. Dow Jones futures are down too, hopefully Monday is the big crash. Fucking federal chicanery is preventing it but mass hysteria might overcome their efforts.

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Don't worry I'm sure the burn out a couple refinery's to keep the price up for you

Alberta here on suicide watch. WCS might hit $10 tomorrow.

Why does scrap copper correlate with oil?

Fucking Canadian dollar is in retreat just when I want to vacate this hobo killing hellscape.

I wonder if this benefits Russia. They were one of the countries stockpiling gold. Would a plummeting dollar benefit them?

All they're going to do is stop pumping oil for 6 months.
Price re-rises.
Cycle repeats.

What do you think keeps it valuable? The melt down factories running on oil energy.

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Yes. It will go up, but go long. Many oil companies are undervalued but find good ones with not a lot of debt

Oh I was thinking this could be good for mining and metals because it lowers costs.

>bill gates
>mob boss of his software age
>makes a ngo
>secretly sterilizes africans through 'philanthropy'
>probably not a fan of sandpeople either
Who knows what he's up to?

Economic commodity cycles. user is wrong though. Oil now is crashing due to specific reasons not having to do with that. People confuse correlation with causation all the time.

WAKE UP

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>mfw people bought the dead cat bounce
enjoy red monday

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a drop in oil prices does not hurt the dollar, opposite.

I think the real threat is that timing is poor. With everything else if oil companies start going under it could cause chain reactions. People losing jobs and not being able to pay their debts in this climate couldn't be good.

There are many oil companies running with a lot of debt right now. The one I work with is probably going under soon and they were one of the more conservative.

Lmao, ruskies are fucked.

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Why does he wear the glasses?

it's 32 $/bbl lmao

I have never seen futures down that much fast.

Ho Li Fuk Wi Tu Lo Sum Ting Wong

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It hurt the country last time. That was the whole battle with OPEC a few years ago when they produced enough to tank the price. A lot of U.S. companies went down. I think we're in a weaker situation this time.

Perhaps exacerbate the doward trend in our domestic market. Get the fed to start another QE.

And it all comes crashing DOWN...
DOWN...
DOWN...

Don't grab that knife, anons.

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This, almost on empty and only have around 5 bucks til payday

I just want to clarify I'm speculating. I think it'd be an interesting chess move on the geopolitical board.

>gas is getting cheaper
Why shouldn't I want this, faggot. I still remember the bush years when gas was like 5 dollars a gallon or more.