A Barrel Of Oil Now Costs Less Than An Actual Barrel

ask the random person on the street and a lot of them might think that

If only we could buy barrels of oil as individuals. These prices are complete horse shit.

Otherwise I'd be stacking 500 barrels in my back yard.

How re-usable are oil barrels in the oil industry?

lmao all those retards who moved their money into commodities must be ready to kys

Very

>gold

If you don't buy gold you're a retard

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>not doing dabs
not gonna make it bro

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>implying its not going back up

No, gold creates stagnation. You can't make money off of barrowing with gold. The value of gold is only valued in scarcity. The amount of money raised from interest off money has grown the country beyond gold.

Psst... gold was America's black gold if you haven't noticed.

well all-righty then

>what are expiring options
You wouldnt want that anyway, needs to be refined. here's the oil you want.

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It was never based on gold, it was based on the belief that a secret room in a big magic base was filled with gold, enough gold to cover every piece of paper with the words "gold certificate" on it.

Can someone explain to me how is this bad for the average Joe? I mean, cheaper oil is good.

It's not. The kikes will crash their global economy hoping to take down drumpf and then drumpf will just end their phony economic system

You're omitting that Trump is a huge kike lover. Why don't you MIGA retards just stay in your containment thread /ptg/?

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Cheap gas is a symptom of a slowing economy, which generally is not good for people with jobs.

"Cheap oil is dumb."
Elon Musk

MY DAY HAS COME

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>buy barrel of oil
>remove oil and sell barrel for profit
>rinse and repeat

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>oil companies are gonna take huge losses and mass fire employees
>the US will stop being a net exporter of oil because its so cheap that selling oil now is bad economics
>a lot of oil companies with loans for new drilling and offshoring projects will get foreclosed on or not be able to turn any profit
>we might even have to rely on foreign oil again for domestic purchasing
Well atleast my gas prices will be low

Oil companies and oil based endeavors are massively massively leveraged so having an entire sector earn less money means servicing their debt becomes harder which means a destabilizing effect on debit lending which means a shockwave effect that propagates to everyone that borrows money (which is the whole economy)

Actual barrels are reusable.

barrels of oil arent delivered in barrels tho

>oil company
>using barrels

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oil will never peak geologically, the Earth creates more oil every day than humans take out. there's more oil in the ground today than ever b4, nd tomorrow there will be even more

Plus, free oil.
Those words make my burger blood warm.

made me kek then i remembered that i live in a country that only produces oil.

kek in Oregon the druggies do that shit with water bottles for the recycle cash
>be junkie
>get food stamps
>buy cases of water with food stamps
>10centsPerBottleRecycleTax.jpg
>dump bottles out on street
>return the bottles to the store for you 10cents/bottle CASH refund
>buy more drugs
>winning.webm

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"Peak oil" was a popular lefty buzzphrase that got BTFO by fracking. Like everything else, they were wrong about it.

Lol yes some dipshit is tipping 55 gallon drums into the distillation column all day long.

Barrel is a unit of measure. No crude touches a barrel on the way to the refinery.

It won't last. Production will slow down and price will stabilize.
When everyone stops freaking out about a shitty little virus demand will peak and we'll be paying more again because they won't ramp up supply to meet demand.

as a country which heavily relies on oil you will probably be good
just like any industrial country which relies on imports
this will mostly effect net-exporters without an industry
so SA/Iraq/Iran/et cetera

>but oil isn't transported in actual barrels
Thank you 200 IQ posters.

>How much fucking oil does the world have?
Infinite or close to; compared to our consumption
>I thought we were going into peak oil soon
Population is closing to its peak; only ones growing are blacks (India and Africa), and that can't grow indefinitely (also they are not huge consumers).
The rest of the world is forcing renewable energy sources...

There is more chance that oil will get outdated than we will ran out of it

>pallet of ramen costs less than actual pallet
>News at 11.
Price of oil is artificial based on saudi kikes control just like diamond price is artificially controlled by debeers kikes.

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Remember, this is the autists debating on what an oil company pays for a barrel.

Oil companies are huge loan takers and they turn massive profits based on the volume of oil they gain from every successful project. They are usually able to balance their loans with those profits but if the oil price is very low then its hard for them to export. Its not that there is a limited market here, but exporting oil is extremely profitable for how cheap crude oil is to buy and then refine>sell. A lot of countries just dont have our resources or infrastructure to capitalize on it like us. If its so cheap that companies are taking huge losses exporting instead of hoarding and waiting for prices to rise, theres gonna be a huge ripple effect of loans being impossible to pay back and new projects getting delayed. Everyones gas is gonna be cheap but we will see massive amounts of debt in the oil industry that will either force a company to sell at a loss to pay off or force companies to just declare bankruptcy

sweet I'm going to buy infinite barrels and be mega rich

>If you don't buy gold you're a retard

I invested in Barrels.

We're all gonna drown in oil if we don't do something!

>the walls of ships are filled with water
Wow what idiot thought that up? No wonder they sink they're punctured.

i cant believe an eighth is that cheap in the UK

Thank you for your detailed explanations lads, I think I got it now.

It has been $1.89 here in Texas since last week, how low is it going to go now?

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woah its up 0% ! nice gains!

time for another saudi orchestrated war
gee i wonder who benefits when the oil prices skyrocket

how do you plebs not understand that the usa is cucked by arabs, not jews

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>how do you plebs not understand that the usa is cucked by arabs, not jews
How do you not understand that the USA will let the petrodollar die because the GCR is coming.

Plenty of muslims smoke weed because they think it's religiously permitted. Technically it's not really, because "intoxicants" in general are spoken against, but you have to go to tl;dr hadiths for that detail. IIRC the Koran itself technically only names what's usually translated as "strong drink" (wine.)

if they dont put the water the ship will be too light because oils lighter than water and can start floating off.

the barrel isnt consumed tho

Jack Daniel do it

Dunno but y'all better not let pa dismantle the rig like he did last time.

>how do you plebs not understand that the usa is cucked by arabs, not jews
Our education system is shit.
Check this out and prepare to have your mind blown: youtube.com/watch?v=Do-3WCKhdl0
I promise it's well worth the time.

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I bought 200 A shares of Royal Dutch Shell earlier today, what is my perspective?

Like my wallet.... cost more than the amount of cash I’ve ever had in it