oil is so cheap i use it to flush my toilet instead of expensive luxury municiple water.
OIL below $17 and I'm lovin it
Xavier Davis
James Stewart
"attacks" on pipelines iminent.
Jaxon Walker
The LNG market is not much healthier than oil. Most countries exporting one export both. Oil and LNG are closely tied commodities. Saudi can survive almost indefinitely on just wealth. Their population is tiny and assets vast. Russia is in the opposite predicament. Someone will start shooting in the middle east very soon.
Hunter Cruz
The price is low because there is little demand at the moment and also Russia and OPEC are having a price war. USA is nearing full storage capacity for oil and gas. We will be fine in the long run.
Sebastian Parker
Why? Production and use is gonna keep going down. We're gonna be stuck in our homes for 2 years.
Brody Ramirez
Nah. How you gonna transport and sell? Who will buy from some random dude? Do you know how to keep oil? Did you know crude oil catches fire at room temperature?
Lucas Allen
Saudi Arabia's 2020 state budget deficit was expected to have a 49.8 billion USD for 2020 with OIL prices in $65
Saudi Arabia last numbers I found produced 4.3 billion barrels of oil a year
Expected Revenue: $284.7
With OIL at these levels, projected revenue will be something like less than 100 billion plus the expenses they might have with the pandemic. Defict will balloon to 200 billion USD at least.
We aren't even talking about LNG or other products Saudi Arabia might sell.
Russia might have some trouble but they have reserves. Saudi Arabia is burning their reserves for many years already.
Henry Robinson
KEK
Gabriel Green
how long till i get my free oil
Connor Thomas
How do I use my trumpbux to make money off this?
I buy it at 14 and then the economy opens in two months and shoots up to 100 and I make 7x my money?