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Anyone look at the price of oil today??
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2020-04-21 at 12:38 AM UTCI think the petrodollar is toast boys.
Its all ones and zero's from this point forward. -
2020-04-21 at 12:48 AM UTCIT’S TIME THIS COUNTRY LEARN A NEW WAY TO POWER ITSELFThe following users say it would be alright if the author of this post didn't die in a fire!
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2020-04-21 at 1:16 AM UTCThey’re talking about adding the overage to the US strategic petroleum reserve
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2020-04-21 at 1:16 AM UTCi live in alberta, we're so fucked. meh not like i'm going anywhere, hopefully rent ges down. but goddamn.
our federal gov just subsidized clean up ops, seems like the right idea meanwhile our premier wants some corporate welfare to keep mining a product the market is painting as not-profitable. it funny too, fed taking on externalities from number companies that fold after draining the resource and leaving a mess. -
2020-04-22 at 6:23 AM UTC
Originally posted by Nil i live in alberta, we're so fucked. meh not like i'm going anywhere, hopefully rent ges down. but goddamn.
our federal gov just subsidized clean up ops, seems like the right idea meanwhile our premier wants some corporate welfare to keep mining a product the market is painting as not-profitable. it funny too, fed taking on externalities from number companies that fold after draining the resource and leaving a mess.
I am laughing at alberta right now. This is fuckin karma for that bullshit pipeline that's going to ruin my beautiful province. You arrogant bastards deserve this. -
2020-04-22 at 6:30 AM UTC
Originally posted by Francis Galton i was reading that the oil drillers are considering literally paying people to haul away the crude they pump out of the ground because they have literally run out of places to store it.
the same companies have to pay for storage regardless of the price of oil, pretty sure it just means they're deep in the red
might actually be the end of shale -
2020-04-22 at 3:17 PM UTCAlberta's in quite a pickle too with these prices.
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2020-04-22 at 3:19 PM UTC
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2020-04-22 at 3:20 PM UTC
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2020-04-22 at 3:28 PM UTC
Originally posted by vindicktive vinny all over the world, oil rig workers were seen going around with putting money in hard hats to be given to their employer in order to be allowed to continue working,
meanwhile all across america gas station owners were seen handling out wads of cashes to anyone who would drive their vehicles into their gas station to be pump full of gasses while oil tankers were lining up to discharge their loads.
oil prices are still in the negatives (-) while this report is being compiled. -
2020-04-22 at 3:34 PM UTCThe greedy oil companies are having to pay $40 a barrel to have their oil taken away. They can't stop the output. Hilarious.
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2020-04-22 at 4:26 PM UTC
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2020-04-22 at 4:39 PM UTCThese greedy jaggoffs have been fleecing the poor without mercy for decades, while making trillions of dollars for themselves the entire time, but they never stopped for even a single second to think about putting some of it aside for a crisis. Now, they're all lined up at the taxpayer's door with their sweaty palms held out, looking for welfare handouts from the very public they ripped off for decades. Talk about shameless, pathetic and stomach-turning.The following users say it would be alright if the author of this post didn't die in a fire!
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2020-04-22 at 7:32 PM UTC
Originally posted by -SpectraL These greedy jaggoffs have been fleecing the poor without mercy for decades, while making trillions of dollars for themselves the entire time, but they never stopped for even a single second to think about putting some of it aside for a crisis. Now, they're all lined up at the taxpayer's door with their sweaty palms held out, looking for welfare handouts from the very public they ripped off for decades. Talk about shameless, pathetic and stomach-turning.
your wrong about this.
the reason they ask for handouts is because they want to, not need to.
its their way of projectimg power. -
2020-04-23 at 12:37 AM UTC
Originally posted by Francis Galton the prices will go back up once the world economy gets back in gear and RS/SA stop trying to butt fuck each other
this may seem counterintuitive, but they make more by pumping it out of the ground and giving it away than they would lose by shutting everything down and sending everyone home. thats one of those things that dont make sense unless youre the bean counter that does the bean counting.
I mean shale/fracking specifically, the entire industry was a scam from the start (vastly overestimating output capacity to lure in investors) and it relies on extremely high oil prices to be profitable even in the short term. Once an actual deal is struck it'll take a while for the world to burn through its stored reserves and longer still for prices to rise to 'profitable' levels.
I'm pretty sure both Russia and KSA wanted US shale off the market, and that's a large part of why this has gone on so long -
2020-04-23 at 1:38 AM UTC
Originally posted by Francis Galton the prices will go back up once the world economy gets back in gear and RS/SA stop trying to butt fuck each other
thats just what they wanted you to believe.
truth is rs/sa are workkng together to flood the world with oil to slay the american shale dragon.
once the sea tankers get filled up trump will have to start chanelling "tax payer" money into US oil producers to keep them alive or shut the border to foreign oils.
or mass bankruptcies will ensue. -
2020-04-23 at 1:40 AM UTC
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2020-04-23 at 1:59 AM UTCThis is clown world boy's and girls.
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2020-04-23 at 2 AM UTCAnd no I don't have a fucking clue how to fix it.
I'm just watch n the world burn down. -
2020-04-23 at 2:04 AM UTC
Originally posted by Francis Galton the oil sands arent going anywhere. as soon as crude prices top the minimum that will be a return-on-investment and profitability the companies will crank back up the drills.
no, once they filled for chapter 11 there wont be anything else to save them. banks will be reluctant to loan them due to the optics amongst environmentalist faggots and gretha-tier protests.
already several large banks got protested into not get involved in oil industry.
