At 10 cents a barrel, a gallon of oil should be less than 1 cent. Soon you’ll fill your tank up for a nickel.
1 barrel is equal to 159 liters or 42 gallons
Alexander Sanders
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Benjamin Brooks
Why can oil be pumped so cheaply?
Kevin Cooper
Countries will stop production because it isn't profitable and then the price will go back up.
Ayden Hill
Why is cheap oil bad?
Cheap oil = cheap gas = cheaper shipping = cheaper goods, right? What am I missing?
Joseph Wood
The price now will be pure taxes and profit margin. It will still be $3-5 a gallon in europe
Juan Wood
There's clearly a war brewing.
Robert Rivera
So any idea how we can profit from this? I mean it's clearly going up at some point in the future. But of course the May futures seem all fucked now. How about ETFs? Are they spread around over multiple futures or is there some kind of ETF that is protected against this?
Chase Powell
we still pay 70% percent tax on fuel
I hate them
Ayden Flores
>What am I missing?
A fucking brain
Levi Flores
>Cheap oil = cheap gas = cheaper shipping = cheaper goods, right? What am I missing?
Oil at 0 dollars means people believe the economy is in the worst state ever... not even in ww2 was it like this.