Uhhhhhh guys????

uhhhhhh guys????

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Seems like a shake out, from Brazilian offshore to Permian shale. Saudis and Russians arent playing.

please explain how this is bad to a brainlet. Seems pretty great to the common pleb desu

im gonna start preparing my apatite for shoe leather

Cheap oil means less profit for oil companies. This is bad for Jews.

-0.07 $ right now

How about the energy industry going out of business? Thousands of jobs gone.

Maybe we'll start making things again, like when gas was cheap.

STOCK IS LOOKING GOOD

>*brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrt*

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we'd be making shit for china and saudi arabia
we need to remove the cancer in Ottawa

This is good for the average consumer short term. But oil is hundreds of thousands of jobs in the US. If oil is literally less than free, those place won't stay open, or at least they will fire almost all of those workers. Sign of things to come for the US.

Then that has a ripple effect. The oil jobs are good paying jobs. This leads to millions more long term job losses. Get ready for a depression if this lasts a few months.

How the fuck is the leaf economy even functioning at this point, it has been fucked up a thousand different ways, but Canada is unfortunately still there, why?

We are already in one

Maple syrup and whale blubber

START DRIVING AROUND ASAP NIGGAS

Damn, So I get paid to acquire oil? sweet sign me up

to early to say. Recession for sure though. If oil stays this low, I think a depression is inevitable.

Jokes on you guys. I already have depression.

Nice, gonna fire up webull tomorrow

Bad for Jews is always good news

Oil crashed in the 80s, but the decade is remembered as a time of great prosperity. The oil industry was absolutely decimated all through most of the 90s too. Those were good times for products, which is way more interesting than a bunch of rednecks rent-seeking some boring commodities. Seriously, that's why gas was 40 cents a liter back then.

TRUDEAU=NIGGER

To be honest, Trump's presidency has been eerily similar to Reagan's, including the new Walter Mondale candidate. We may be heading into very prosperous times.

The secret Yas Forums discord link is discord gg CpqQw7b
Get in here before we close the invites
We have a interview set up with the infamous Ben Shapiro tomorrow.. gyt

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...just not in the oil industry

Fuck off glownigger

It’s not. Canadian unemployment is 30-35%.

With this it may be 50% by the end of the month.

Seriously, there’s a working pool of about 20 mil. 6 mil applied for Cerb, another couple were already unemployed before...

Canada will probably hit 60-70% unemployment by June

Buy chickens. A couple of hens will plop out 4 or five eggs per day.

where does it say that? im a bit of a brainlet,
im reading
Western Canadian Select
4.230 -1.560 -35.06%

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USA IMPORTS IS NEARLY THE ENTIRE WCS MARKET

USA DOESNT NEED TO BUY ANY LEAF OIL SO ITS CRATERING

>oil is literally less than free, those place won't stay open,
Horseshit. They will continue drilling and pumping and save it until it can be affordably sold. Leaving it in the ground means their expensive equipment and land is wasted.

We still got troops along our northern border, right? I don't want any leaf refugees from their shithole county

when Canada loses their oil market this country goes 100% tits up and falls into a death spiral.

The European Central Bank has already opened up a $1 trillion line of credit to Canada amidst this Corona bullshit, so the ECB is going to own Canada at the end of this either way. Plus God knows how much the Chinese have their hooks in us already, some estimate that they (the CCP via proxy) already own 20%+ of all residential and commercial real estate in this country.

We're absolutely fucked lads.

WCS oil and WTI oil are essentially pegged to the exact same market and follow the same swings in dollar values due to how the market orders are filled, but the problem is that the Canadian oil is lower grade and so sells cheaper to begin with. This looks like a long squeeze by some who had enormous positions and it's pushing WCS into the negatives, which if this persists will result in multiple Canadian oil companies declaring bankruptcy and being acquired by foreign investors (which is surely the entire point of the squeeze) — don't get me wrong, I doubt this was planned years ago or anything, but more of a circumstantial opportunity due to the global oil situation.

So china is gonna squeeze em all out and scoop em up?

TAR OIL AND SHALE OIL ARE UNPROFITABLE ANYWHERE NEAR THESE LEVELS
THE SAUDIS ARE BARELY MAKING A PROFIT

CHINKS WILL BE LOOKING TO BUY YOUR ENTIRE COUNTRY
BETTER KEEP THEM OUT

LEAF COMMODITY IS SYRUP ANYWAY WATCH THAT PRICE