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Message

Oil deal done
Posted on 4/12/20 at 3:20 pm
Posted on 4/12/20 at 3:20 pm
The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!
LINK
LINK
This post was edited on 4/12/20 at 3:22 pm
Posted on 4/12/20 at 3:23 pm to Grimhorn
Posted on 4/12/20 at 3:23 pm to Grimhorn
I guess I should fill up soon.
Posted on 4/12/20 at 3:24 pm to Grimhorn
quote:
The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all! LINK
Won't be enough, need to do double or more, but look for bounce until May/June.
Posted on 4/12/20 at 3:25 pm to Grimhorn
Glad I bought MRO and APA earlier.
Posted on 4/12/20 at 3:26 pm to Grimhorn
Thought price fixing and all that $hit was illegal.....jus sain
Posted on 4/12/20 at 3:27 pm to Bestbank Tiger
I wouldn’t touch APA with a 10’ pole... Alpine High farce killed the company and people should be in jail...
Posted on 4/12/20 at 3:28 pm to pizzathehut
quote:
Thought price fixing and all that $hit was illegal.....jus sain
Not for governments.
Just everyone else.
Posted on 4/12/20 at 3:29 pm to TrueTiger
quote:
I guess I should fill up soon.
Oil futures may increase a bit, but cutting supply because there is no demand is by no means bullish. Cuts would have to be much larger to spur much price movement imo
Posted on 4/12/20 at 3:34 pm to ClampClampington
It won’t matter, we haven’t seen gasoline usage this low in over 50 years.
Posted on 4/12/20 at 3:35 pm to Grimhorn
I hope Trump is getting a lot done during this time. Retail is slow but commercial business should still be going.
Posted on 4/12/20 at 3:36 pm to Grimhorn
Shame hopefully gas stays low
Posted on 4/12/20 at 3:41 pm to Grimhorn
The damage has already been done... thousands of people have been laid off. 50% of the service sector has been cut.
Posted on 4/12/20 at 3:42 pm to Grimhorn
Gas 1.57 here today, maybe I should fill up
Posted on 4/12/20 at 3:42 pm to Grimhorn
Won’t matter until demand comes roaring back. Oil traders DGAF.
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