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Anyone look at the price of oil today??
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2020-04-23 at 2:05 AM UTC
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2020-04-23 at 2:12 AM UTC
Originally posted by Francis Galton the oil industry is faking any shortage of capital.
yes but their owners would rather keep their money and let their company fail than lose their foreskin keeping their company afloat.
see how arsetrallians loose their virgin(air)ity. its not like branson doesnt have the money to save it. -
2020-04-23 at 2:14 AM UTCWTF???
Everyone acts and thinks like the fucking banks and the oil company's don't have reserves??
These motherfuckes have made BILLIONS off our backs= wake up and burn it down if you can -
2020-04-23 at 2:25 AM UTC
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2020-04-23 at 2:27 AM UTC
Originally posted by AngryOnion WTF???
Everyone acts and thinks like the fucking banks and the oil company's don't have reserves??
These motherfuckes have made BILLIONS off our backs= wake up and burn it down if you can
no point having reserves when the fed have kept interest rates this low for the past decade.
it costs more for companies to store their old money than to borrow new ones. -
2020-04-23 at 2:29 AM UTCalso banks dont store more money than what they give out in loans. thats what fictional reserve is.
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2020-04-23 at 2:30 AM UTC
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2020-04-23 at 2:37 AM UTCTrump wants to build massive oil reservoirs in the US and get paid to take all the oil while its cheap.
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2020-04-23 at 2:42 AM UTC
Originally posted by -SpectraL Trump wants to build massive oil reservoirs in the US and get paid to take all the oil while its cheap.
and those resevoirs cost money to build, meaning it takes "tax payers" money to store those excess oil outputs,
thus excarbeting negative oil prices. but instead of oil beimg negative at the market, they just shift the negative to national GDP. -
2020-04-23 at 2:45 AM UTC
Originally posted by vindicktive vinny and those resevoirs cost money to build, meaning it takes "tax payers" money to store those excess oil outputs,
thus excarbeting negative oil prices. but instead of oil beimg negative at the market, they just shift the negative to national GDP.
It's an investment. Spend to build the storage, cash in later and get that money back and lots more. That's a great business decision. -
2020-04-23 at 2:49 AM UTC
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2020-04-23 at 2:52 AM UTCFuck me oil is so fucking old school.
I shit crude and piss gas I have diamonds schwishing between my toes.
Nothing matters its ALL BULLSHIT you have been fooled this whole planet is a joke on a galactic scale that none of you can comprehend.
Fuck I need a Zanybar. -
2020-04-23 at 2:52 AM UTC
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2020-04-23 at 3:04 AM UTC
Originally posted by -SpectraL The oil wouldn't be for Trump, it would be for Americans. And, of course, the price will shoot back up. Of course. It's not even a question.
no it wont. it will be for the benefit of the oil companies, and the military which the american tax-fairies will have to fund even more to use up these "strategic oil reserves". -
2020-04-23 at 3:06 AM UTCYou morons are talking like money is still real,WAke up
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2020-04-23 at 3:13 AM UTC
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2020-04-23 at 5:13 AM UTCIt's interesting that all the sitting oil is in pipelines, boats, trucks, trains, just sitting... I heard that on NPR today.
sounds kinda vulnerable... too many crazies lookin for trouble in this country for that kinda shit....
It seems like the entire world is holding it's breath....
It's the first time I got to hear the news in 3 weeks. -
2020-04-23 at 5:23 AM UTC
Originally posted by Firekrochfatty It's interesting that all the sitting oil is in pipelines, boats, trucks, trains, just sitting… I heard that on NPR today.
sounds kinda vulnerable… too many crazies lookin for trouble in this country for that kinda shit….
It seems like the entire world is holding it's breath….
It's the first time I got to hear the news in 3 weeks.
it's not really any more vulnerable than usual, just moving slower -
2020-04-23 at 5:28 AM UTC
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2020-04-23 at 9:32 AM UTC
Originally posted by Firekrochfatty It's interesting that all the sitting oil is in pipelines, boats, trucks, trains, just sitting… I heard that on NPR today.
sounds kinda vulnerable… too many crazies lookin for trouble in this country for that kinda shit….
It seems like the entire world is holding it's breath….
It's the first time I got to hear the news in 3 weeks.
NPR is for shallow liberal nigger-loving girls with the body of a 49 years old grandma.
