WHAT THE FUCK IS HAPPENING

WHAT THE FUCK IS HAPPENING

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Speculators that never intended to take delivery are being liquidated. It's actually a beautiful thing really.

Capitalism.

>Shit we have the shares but we don't want the oil.
>Sell, sell, sell.
>Why isn't ANYONE BUYING WHAT THE FUCK.

negative prices incoming

Oil prices are dumping. Can anyone explain this?

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Basically no one is buying new contracts because demand is so low. Who would have thought there would have been repurcussions from a lockdown

40% seems like a lot, but it is only $4/bbl when coming from $60/bbl a couple of weeks ago.

There is currently just a lot of oversupply.

Okey so im just gonna Guess.
But industries using oil has been standig Still and oil prices are a liquid market, meaning the more you ask for it the better the prices are for investors.
Now since people havnt been using it, there is a buffert which Will disappear slowley as productions and work will take momentum over the coming weeks.
People aren't going to stop using fossil fuels anytime soon so of u got money, maybe wait a Day or 2 and then buy to make some bucks

people must be selling

Transition from oil based economy into space mining with zeropoint energy

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guys... its time to BUY THE FUCKING DIP!

>what is supply and demand

P E A K E D
E
A
K
E
D

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Buy what dip? See

goodbye Venezuela

Unlimited energy tech is finna get released any day now, govts are panicking trying to sell oil while they still can

This is a direct result of the Russians and the Saudis flooding the market to hurt each other.
The smart thing is to buy it cheap at discount prices but we don't have the storage capacity to support such a buy.
To all the fuckers saying we will run out of fossil fuels in 20 years this ought to be a lesson.
We have so much oil in the world that they have to organize cartels to keep the price high.
The same holds true for Diamonds.

they can run just off of cocaine for another 10 years

You’re stupid beyond belief. How is 40% of 60 equal to 4?

TRUMP WILL COMPLETE THE SYSTEM
could be

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO! NOT THE OILERINO! NOT THE GOOD GASKET! NOT THE HECKIN' GOOD BARREL! NOT THE CLANKY CLUNKY GASBOY!

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I know our education system is trash, but I didn't think it was this bad.

OK, I might be retarded, so explain this to me in simple terms: if oil prices are so low, why not just buy shitload of oil and stock up for the future when the oil prices go back up again?

Why can't Germany, for example, just buy a shitload of currently dirt-cheap Russian oil to last, let's say, a couple of years?

everyone is out of storage.

The dead cat is bouncing and it's not done yet. This isn't the dip. Remember when Trump boasted about topping off the federal reserve at $32 a barrell? He knew this shit was coming. Everyone who had an eye on the science did.

How can you be out of storage? Just buy some barrels and fill them with oil or something.

You a wise one friend.
youtube.com/watch?v=ZBInhPFFVog&t=0s

Because everyone that can store oil has filled their storage or has contracted for it. Now drillers are in a position of contracting oil at a cost that a portion of their company stays afloat for short period of time hoping this ends. Some drillers incure a large well startup cost if they stop pumping.

I'll just pretend to have understood what you said.

Trump said what? Do you have the tweet?

>finna
Kill yourself.