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Started By
Message
Lost in the commotion today - Oil is down ~25%
Posted on 3/18/20 at 1:27 pm
Posted on 3/18/20 at 1:27 pm
I know everyone here likes to cheer this on, but it's some scary stuff for a lot of people
6
Posted on 3/18/20 at 1:28 pm to Boring
Living here in Oklahoma it’s not looking like it’s going to be fun in the next year.
Posted on 3/18/20 at 1:29 pm to Boring
I didn't believe this at first. This is scary for my industry.
Posted on 3/18/20 at 1:32 pm to lrabor3
Frightening for anyone who lives in Louisiana.
Posted on 3/18/20 at 1:35 pm to lrabor3
quote:
This is scary for my industry.
Posted on 3/18/20 at 1:38 pm to Boring
It's crazy, plus people driving much less due to restrictions/work from home. Wars have been started over much less, not that I am a war monger. Even the refiners and pipelines have been crushed. Guess that is the real end game of the discontented Saudis/Russians.
Posted on 3/18/20 at 1:40 pm to Boring
Double whammy with cratering demand and Saudis starting a price war at the same time.
West Texas/OK are gonna really take it in the shorts... as will most everyone. Hopefully a lot of the oilfield baws have a cash stash.
Analyst on Fox Business says oil price could go negative
West Texas/OK are gonna really take it in the shorts... as will most everyone. Hopefully a lot of the oilfield baws have a cash stash.
Analyst on Fox Business says oil price could go negative
This post was edited on 3/18/20 at 1:44 pm
Posted on 3/18/20 at 1:47 pm to Boring
quote:
Lost in the commotion today
It certainly wasn’t lost. Oil down that much is much of the commotion.
Posted on 3/18/20 at 1:48 pm to TejasHorn
quote:
Double whammy with cratering demand and Saudis starting a price war at the same time.
I think the price war is as much to blame as the coronavirus for the (impending?) global recession.
Posted on 3/18/20 at 2:07 pm to TejasHorn
stock market and oil market taking a massive shite.
quote:
Hopefully a lot of the oilfield baws have a cash stash.
time to go back to selling hookers and blow!
Posted on 3/18/20 at 2:10 pm to Boring
Yep....i was a buyer today. Crude and market....soon see if it works out for me.
This post was edited on 3/18/20 at 2:12 pm
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