2022-01-11 at 7:56 PM UTC
It will happen again, people are still prospecting an there's still places in the world full of black goodness.
2022-01-11 at 8:02 PM UTC
The oil price is weird though. It's such a massive asset, and demand is more or less constant. Supply is intensely political. The price of oil is more or less decided by the Saudis, and they always seemed happy to go for $50 or so a barrel until 2008, when they let the price ride to way more than $150. Then they calmed down or had to compromise, but after the covid shit and the low oil prices they had to deal with, with no solidarity from the west, I think they might be ready to let the price go back up to a higher level again. Good for them.
2022-01-11 at 8:04 PM UTC
RIPtotse
victim of incest
[my adversative decurved garbo]
My ass just exploded oil how do I harvest and sell it for profit?
2022-01-11 at 8:29 PM UTC
Originally posted by Aleister Crowley
Yeah I read MBS' biography and it looks like they are going to try and eventually move away from oil and into other ventures like Tourism. He's planning on building this insane futuristic mega city in the desert.
Saudi will start having to substantially reduce it's oil production due to depletion within MBSs life. The smartest thing for him to do right now is to declare a $100 floor on oil, and justify it as being necessary in order to encourage green energy.
Things like Neom are cool and all, but Saudi's oil revenue is what keeps the place running. I've read before criticisms of Arabs by other Arabs, basically they don't work and don't see working as being a good thing. Working is something low status in Arab culture.
The following users say it would be alright if the author of this
post didn't die in a fire!
2022-01-11 at 8:36 PM UTC
More like Manlover Bin Suckin
The following users say it would be alright if the author of this
post didn't die in a fire!
2022-01-14 at 11:22 AM UTC
aldra
JIDF Controlled Opposition
short stocks in greco roman wrestling
The following users say it would be alright if the author of this
post didn't die in a fire!
2022-01-14 at 11:32 AM UTC
I wouldn't buy shorts, since shorts are open ended when it comes to losses, but you can use put options the same way.
For instance I bought a put option on Moderna for $230 in March, and have made 25% on the play so far. You can sell the put options at any time too, so you don't even need to worry about the real world. Money printer go brrr.
The following users say it would be alright if the author of this
post didn't die in a fire!
2022-01-14 at 12:22 PM UTC
Sudo
Black Hole
[my hereto riemannian peach]
Where do you stand on diesel futures? It seems diesel is steadier because heavy industry is reliant and that's unlikely to change. It's actually been climbing higher than petroleum has at least around here.
2022-01-14 at 12:23 PM UTC
Why on earth would you solicit Soigay's opinions?
2022-01-14 at 12:29 PM UTC
Originally posted by Sudo
Where do you stand on diesel futures? It seems diesel is steadier because heavy industry is reliant and that's unlikely to change. It's actually been climbing higher than petroleum has at least around here.
I have no idea at all. I don't even think I have access to diesel futures on the retail trading platform I am using (degiro), all I am betting on is Brent oil, which is one of the two big oil price indicators. DeGiro is one of those things like RobinHood that exists mostly for people to buy Apple shares and meme stonks, it's very good, but can be limited in the products it offers.
I think oil has gone up a lot, and it'll have to come down a little, but I still expect $100 oil this year. Most people have a mental block on the period, but we had $100 oil from 2008 - 2014 or so.
The following users say it would be alright if the author of this
post didn't die in a fire!
