If US Oil (WTI) is the best in the world (Highest API gravity and lowest in sulfur) how come it's the only one that dropped?
Help me understand one thing about oil bros
Nicholas Edwards
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Benjamin Turner
>Open thread
>Save jpg for the spank bank
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Isaiah Cook
crashing demand from its customers. Simple as that. It will help boost the economy for the restart anyhow as costs will be super low for the rest of the industries that require crude.
Nolan Flores
How long until Russia starts bombing oil sites using a proxy force?
Henry Hill
... saudi light sweet crude is the best oil. this is so fucking ignorant is this b8 of some kind
Christopher Thomas
coffee is good for you in small doses in the morning.
Jaxson Gonzalez
Is crude oil good for you?
Logan Perry
who knows. if europe doesn't pump up its demand soon (they obviously wont, because they're enjoying the power over their populace) russia may resort to some crazy tactics
Noah Adams
Thanks for reminding me I had some coffee left.
Ethan Garcia
Saudi and Iranian oil is the best in the world and it's the cheapest to extract. American and Canadian oil is abundant but requires a lot of processing. Oil needs to be like $30-50 per barrel to be profitable while for Iran and Saudi probably closer to $2-$5 per barrel
Landon Rodriguez
Because although the world market for oil is CLOSE to a perfect commodity market, it's not perfectly liquid due to the requirement that the oil be physically transported and stored.
The worldwide oil glut has us rapidly running out of places to store oil. The point of no return was reached for WTI first. Most US oil is produced for the domestic market, and that domestic market is locked down.
Alexander Sanchez
This is also why Venezuela has issues, their oil is even worse than ours.
Easton Cook
I hear ya. Thats a cutebutt
Thomas Miller
Jayden Robinson
After processing
Alexander Jackson
Jackson Richardson
Makes sense now
So the US is a
>Historical large oil producer
>Yet also a importer side it's demand is the greatest
>Therefore no export infrastructure
Corona comes
>economy stops
>lots of oil no buyers inside no way to sell outside.
Carter Fisher
Is it wrong that I'm aroused by the sight of her vestigial tail?
John Bennett
fpbp
Hudson Flores
Because they're crashing this economy with no survivors
Hunter Reyes
fpbp
Evan Hill
but she is not thicc, so there is nothing really get excited about
Justin Baker
Front-month oil traded at an utterly irrational and unprecedented negative $43 intraday (this was not about storage into settlement, this was forced selling into settlement, then notice the bounce, and then later more selling.)
David Murphy
brent called, it said to shut the fuck up
Gabriel Green
Brent called and said to shut the fuck up.
Jason Clark
Eat a shotgun.
Ryder Mitchell
>France posts a slut
Wow. How original
Xavier Wilson
Fr*nch posters are the worst on this board. Absolute coomers.
Alexander Wood
Kys
Dominic Harris
Cushing OK must be drowning in oil
David Young
Bullshit
Canadians are fucking scum