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Explain this to me like I’m 8
Nicholas Reed
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Christopher Wood
war.
Nicholas Collins
I'm 7
Nolan Long
the electric car is dead.
Cameron Collins
contracts expiring, means nothing, in a few days itll be back up to normal when mays pricing is less foggy
Brody Campbell
If I had anywhere to go I’d be happy.
Brandon Moore
Oilfield workers are out of work. Thats one of the shitty things about cheap oil and low gas prices
Logan Baker
More supply than demand for oil due to the dumbass virus.
All the big oil people are dumping as quickly as possible, other oil people see that and dump too. Probably some huge geopolitical moves being played today but I'd have to guess on that
Juan Perez
>means nothing
Uh, good luck with that.
Looks more like those that were left holding the bags just murdered each other to salvage something, anything.
Christian White
It means that there are going to be oil shortages and rationing for a while. This will keep the price high enough for companies to rob us for a few months.
We have two options.
1) War.
2) Or we ban all foreign oil imports immediately.
(Pro tip: it won't be #2)
Jonathan Edwards
Why doesn't Jeff Bezos buy 1 billion barrels of oil at $1 each and sell them in a month at $30 each?
Gavin Cook
entire oil industry is based off artificial scarcity and the goodwill of a bunch of camel fuckers
Charles Sanders
War with who? What will it accomplish? I don't get it
Cooper Wood
imagine thinking this is anything related to covid-19
Aaron Long
>Explain this to me like I’m 8
THIS MEAN WW3
Ethan Fisher
War to restore economy like with WW2
Justin Barnes
Money is based on the price of oil for most developed countries. Money is quickly becoming worthless.
James Martin
It's partly related because there is currently no demand for oil, and SA is ramping up the offer to kill American shale oil.
Joshua Nguyen
kek
Aaron Wilson
Not a bad strategy. Why don’t you buy some first?
Sebastian Ward
Didn't the cartels agree to cut productions to keep the price high?
Also price of oil going down is a good thing faggots. This is why they want to keep it high.
Tyler Reed
This. Oil isn't an economic indicator. It ebbs and flows by demand. Right now with travel limited demand is low so companies are holding reserves for when demand increases and they can actually make money off it again.
This will not affect the price of gas in your region positively or negatively.
Jose Phillips
Storage space for that much oil is hard to come by.
Parker Gray
War against whatever random country our intelligence apparatus can justify it.
It won't help in any way other than to keep our country from utterly collapsing.
Lincoln Ross
Because he is unironically a brainlet. All these "entrepreneurs" are just fronts for powerful Jewish cabals and alphabet agencies.
Jason Cook
The petrol dollar is finally dead.
Eat shit Jewburgers.
Cameron Perez
You need a lot of oil for all those cargo planes, trucks, supply lines, tanks, etc...
Ayden Brooks
China and Russia
Jayden Nelson
>Explain this to me like I’m 8
When mommy's only income is from daddy, and daddy doesn't want to pay mommy anymore because she stopped giving blowjobs, mommy is going to throw a fit and threaten daddy with divorce.
Logan Phillips
Oil stockpiles nearing capacity, oil nations keep producing. Price drop.
America fucked. Shale oil too expensive to produce.
Tyler Price
>Explain this to me like I’m
Fuckoff back to plebbit ELI5 cancerous newfag bitch
Anthony Anderson
Checking myself
Thomas Campbell
>imagine thinking this is anything related to covid-19
It is just part of it, Russia has been driving the prices down for months
Ethan Gonzalez
gas is below $3 in SoCal what caused the price to drop?
Hudson Rogers
This. He’s an actor. Was even thanked at the Oscars for being such a good actor.
Same for Musk, Zuckerburg, etc. duh, they’re not even great actors
Matthew Miller
The US is allied with the Arab states because they have all the oil. The arabs are Sunni Muslim and their rivals are Shia Muslim (Iran, Iraq). US foreign policy is mostly aligned to Arab interests. We “liberate” Shia nations by weakening them and empower Saudi Arabia, and in exchange we acquire oil.
Oliver Murphy
>goodwill
That's a funny way of saying last minute discount.
Leo Walker
This. Just look at the $22 June contracts.
Brandon Hall
>we are all going to die
Or
>free energy exists and the power plants already exist and are easily
Considering the big-boys are still valued at over 20 times as much as the little guys I’m thinking this is just more totalitarian hellscape playing out before our eyes.
Ian Bell
there are demons trying to ruin your future so they can turn the world into a shithole more suitable to their tastes and inclinations
Gabriel Bell
Raw crude sounds like it would be a hell of a general purpose lubricant.
Where do I buy a barrel of it?
Robert Ross
I think you've misread what is really going on. There are many countries that depend on oil for their GDP, such as Russia and Saudi Arabia. With oil this low or negative, they are going to suffer big time. What's left of OPEC may try to staunch this bleed, but Mexico isn't playing ball. This isn't about the US this time.
Christopher Cooper
This. The electric car will forever be rich boys toys.
Camden Robinson
Oil makes countries rich
Countries like being rich
All countries produce as much oil as possible
Suddenly no-one wants oil
Countries are used to being rich, don't know how to be poor
Those countries are in serious trouble
Ryan Anderson
Colton Rodriguez
also this
OP is a re*ditor cock sucker