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Started By
Message
Oil hits $29 in anticipation of Iran's reentry into market
Posted on 1/18/16 at 2:03 am
Posted on 1/18/16 at 2:03 am
Thanks, Obama LINK
10
Posted on 1/18/16 at 2:13 am to Jim Rockford
Buy oil stocks
Posted on 1/18/16 at 2:15 am to Jim Rockford
It's time to
bomb bomb bomb
bomb bomb Iran
and get oil prices back up.
bomb bomb bomb
bomb bomb Iran
and get oil prices back up.
Posted on 1/18/16 at 2:16 am to The Boat
Literally thanks Obama
Posted on 1/18/16 at 2:16 am to Jim Rockford
See this is what makes little sense and what makes me feel the oil play is getting quickly oversold. This information was known for months, and now people are fretful over it and going to exit even quicker? It doesn't really add up. Oh well, time to continue to stock up the portfolio with these oversold names.
This post was edited on 1/18/16 at 2:24 am
Posted on 1/18/16 at 2:21 am to Jim Rockford
It's a good thing no swing states have many oil workers, or Hillary would be in trouble.
Posted on 1/18/16 at 2:27 am to TJG210
quote:
See this is what makes little sense and what makes me feel the oil play is getting quickly oversold. This information was known for months, and now people are fretful over it and going to exit even quicker? It doesn't really add up. Oh well, time to continue end stock up the portfolio with these oversold names.
Couple that with the fact that Iran has been selling oil under the table the entire time (primarily to India) and this was really a non event. It will simply bring more supply along with the demand it has alreadt been serving above the table.
Iran needs a massive amount of upgrades to it's infastructure (in the billions) before they can pump much more than they have been, and nobody is going to do the investing right now.
JMHO
Posted on 1/18/16 at 3:06 am to Jim Rockford
Looks like I'll be going to Abu Dhabi or possibly unemployed very soon.
Posted on 1/18/16 at 3:14 am to redstick13
quote:
Looks like I'll be going to Abu Dhabi or possibly unemployed very soon.
Abu Dhabi aint too shabby, the folks that were laughing at me for staying in Saudi 2 years ago are begging to join me now. Go where the work is
Posted on 1/18/16 at 5:49 am to cave canem
quote:
Iran needs a massive amount of upgrades to it's infastructure (in the billions) before they can pump much more than they have been, and nobody is going to do the investing right now.
Bingo, which is why oil speculation is such bullshite.
Posted on 1/18/16 at 7:30 am to Jim Rockford
quote:
Thanks, Obama
Posted on 1/18/16 at 7:33 am to Jim Rockford
So this means gas will be cheaper? Sweet. Saw that gas was under a dollar in some parts of Michigan.
Posted on 1/18/16 at 7:34 am to Jim Rockford
Thank god I sell equipment to downstream customers / plants and not to drillers/ upstream / midstream customers.
Feel bad for those who are involved in everything before it gets to the refineries / petrochemical companies.
Feel bad for those who are involved in everything before it gets to the refineries / petrochemical companies.
Posted on 1/18/16 at 7:35 am to texag7
quote:
Buy oil stocks
Not yet.
I remember seeing this picture this weekend. I think it is part of a price war up there, but wow.
This post was edited on 1/18/16 at 7:39 am
Posted on 1/18/16 at 7:35 am to theronswanson
quote:
So this means gas will be cheaper?
It's not going much lower, if at all. Just means more people out of work and more economic instability due to faltering markets overseas.
Enjoy
This post was edited on 1/18/16 at 7:42 am
Posted on 1/18/16 at 7:36 am to texag7
quote:
Buy oil stocks
Not until it drops below $20 and approaches $10. It will happen this year.
Posted on 1/18/16 at 7:38 am to GetCocky11
Should have been buying and keep buying
Posted on 1/18/16 at 7:39 am to redstick13
quote:
Not until it drops below $20 and approaches $10. It will happen this year.
Bookmarked
Posted on 1/18/16 at 7:42 am to redstick13
Good luck tying to time the bottom
Posted on 1/18/16 at 7:44 am to yellowfin
Almost puked all over my desk reading this shite
The talks of layoffs are getting loud around here
The talks of layoffs are getting loud around here
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