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Started By
Message
re: Brent Crashes Below $60 as U.S.-China Tariff War Escalates
Posted on 4/9/25 at 10:07 am to ragincajun03
Posted on 4/9/25 at 10:07 am to ragincajun03
Truck nuts [OFF] ON
Trade War [ON] OFF
Domestic manufacturing ready to launch!!
Trade War [ON] OFF
Domestic manufacturing ready to launch!!
0
Posted on 4/9/25 at 10:10 am to Jack Daniel
quote:
Wouldn’t this have more to do with OPEC increasing output versus tariffs on plastic junk?
Very possible.
OPEC increasing output, US producing at record pace the past 24-36 months, and if there’s any concerns of a recession, whether caused by tariffs or other factors, that all would seem to line up with lots of supply vs lessening demand.
Industry Christmas parties might get a bit scaled back this year.
Posted on 4/9/25 at 10:13 am to Tigerdew
quote:
China can't function economically without the U.S. buying their shite.
Yes they can and we are about to FAFO
Posted on 4/9/25 at 10:13 am to Tigerdew
quote:The advantage of being a totalitarian dictatorship is that you don't have to care when your people suffer. No elections to worry about.
China can't function economically without the U.S. buying their shite. Also...
Posted on 4/9/25 at 10:14 am to ragincajun03
My kid, 13 almost 14 y/o had a great idea. "Dad, we could just tell the other countries that if they put tariffs on China, the US would remove the tariffs on their country..." I thought that was brilliant.
Posted on 4/9/25 at 10:18 am to Turnblad85
Brother where are you guys getting this info from? I go to China twice a year for work and they def not live like cavemen. Most in cities live better than we do (as long as not imported)
This post was edited on 4/9/25 at 10:19 am
Posted on 4/9/25 at 10:19 am to crazyLSUstudent
quote:
Yes they can and we are about to FAFO
this week’s economist….
last week’s “signal messages gate” chicken littles.
Posted on 4/9/25 at 10:21 am to Klark Kent
They are already putting pee pee in the global coke supply
Posted on 4/9/25 at 10:25 am to Jack Daniel
quote:
Wouldn’t this have more to do with OPEC increasing output versus tariffs on plastic junk?
Could. Also a good indication that the economy is collapsing and demand is disappearing.
Posted on 4/9/25 at 10:29 am to Oates Mustache
For new wells maybe. Probably a few bucks cheaper. For existing wells it’s half that after IP. We don’t export a lot O&G to China anyways. Could easily offset with Europe markets
Posted on 4/9/25 at 10:31 am to Thecoz
quote:
She did not keep an over ride?
I don't know what that means. I'm out of the loop on it.
True cool story bro--her great whatever win the land in a card game when the land was near worthless over 100 years ago.
Posted on 4/9/25 at 10:32 am to crazyLSUstudent
quote:
Yes they can and we are about to FAFO
On the world scale, we are the largest importer of Chinese goods at 15%. The EU is a bit larger at roughly 21%.
Posted on 4/9/25 at 10:38 am to StonewallJack
Austin, we won.
Oh, yay capitalism.
Oh, yay capitalism.
Posted on 4/9/25 at 10:40 am to member12
If the goal is to squeeze China, why are we applying reciprocal tariffs to other trading partners that could alleviate some of the pain US consumers will feel from a trade war with China?
This 4D chess doesn't make sense.
This 4D chess doesn't make sense.
Posted on 4/9/25 at 10:41 am to Baers Foot
None of it makes sense.
Posted on 4/9/25 at 11:15 am to El Segundo Guy
Hmmmm
Not uncommon but..
She have a relative named Jonathon .. in Houston area.. has a place on surfside.. father recently died…..
she work in the medical industry?
Override lets you keep a part of the value of the product produced.. so she would be getting a piece of the value of the production.. so yall want high prices also for the product.
Not uncommon but..
She have a relative named Jonathon .. in Houston area.. has a place on surfside.. father recently died…..
she work in the medical industry?
Override lets you keep a part of the value of the product produced.. so she would be getting a piece of the value of the production.. so yall want high prices also for the product.
Posted on 4/9/25 at 11:25 am to ragincajun03
quote:
That level is already $10 a barrel below the average $65 per barrel price U.S. producers need to profitably drill a new well, as they indicated in the Dallas Fed Energy Survey for the first quarter.
Depends where, some producers in Eagleford have never been paid above $40 and still making money. 56-60 API gravity though with a lot of wax.
In the meantime, Russia is below breakeven point. Russia finances depend on profitable oil. They are not making money above breakeven with natural gas to China.
Posted on 4/9/25 at 1:11 pm to ragincajun03
Posted on 4/9/25 at 1:14 pm to Cell of Awareness
quote:
And just like than...
Brent nears 65
Posted on 4/9/25 at 1:16 pm to Turnblad85
quote:
But the chinese also are used to living like cavemen. They might be able to live within their means longer than a US housewife can go without a new iphone.
100%, this is going to be the problem as this trade war escalates.
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