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re: Oil to $2.50

Posted on 4/20/20 at 12:56 pm to
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112783 posts
Posted on 4/20/20 at 12:56 pm to
try .59 now
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 4/20/20 at 12:56 pm to
Y'all remember peak oil?
Posted by JEAUXBLEAUX
Bayonne, NJ
Member since May 2006
55375 posts
Posted on 4/20/20 at 12:57 pm to
The lower the better
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112783 posts
Posted on 4/20/20 at 12:58 pm to
quote:

Y'all remember peak oil?


It was a knee-slapper then. It's a fricking howl now.
Posted by JEAUXBLEAUX
Bayonne, NJ
Member since May 2006
55375 posts
Posted on 4/20/20 at 12:59 pm to
Live by capitalism. Die by capitalism
Posted by roguetiger15
Member since Jan 2013
17360 posts
Posted on 4/20/20 at 12:59 pm to
i'm bout to make a shite ton of money.
Posted by DougsMugs
Georgia
Member since Aug 2019
8239 posts
Posted on 4/20/20 at 12:59 pm to
quote:

Companies essentially will have to pay people to take oil from them


They can store it on my land.
Posted by joshnorris14
Florida
Member since Jan 2009
46693 posts
Posted on 4/20/20 at 1:00 pm to
quote:

Live by capitalism. Die by capitalism


Forcing people to stay at home is capitalism?
Posted by DougsMugs
Georgia
Member since Aug 2019
8239 posts
Posted on 4/20/20 at 1:02 pm to
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 4/20/20 at 1:02 pm to
Anyone here going to long UWT (VelocityShares 3x Long Crude Oil)?


Selling at 16.36 cents right now. Probably can buy a 1000 shares for $160 and let it sit for 5 years if you think oil is going to go back up. It's an ETF that started in 2016 and was has high as $40 at one time.
Posted by TurkeyBaconLeg
Member since Jul 2018
1885 posts
Posted on 4/20/20 at 1:02 pm to
quote:

Live by capitalism. Die by capitalism



That is a complete idiot of a statement.

Forcing people to stay at home has nothing to do with capitalism.
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 4/20/20 at 1:04 pm to
quote:

i'm bout to make a shite ton of money.


Tell us how.
Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
87704 posts
Posted on 4/20/20 at 1:06 pm to
quote:

That is a complete idiot of a statement.


Yeah well, that's because the poster you're responding to is a complete idiot. And has been for a long time.
Posted by lsufan1971
Zachary
Member since Nov 2003
23782 posts
Posted on 4/20/20 at 1:06 pm to
The Exxon refinery has laid of a ton of contractors. My buddy that works for Exxon says he thinks they are going to lay the rest off by June. Another 3K jobs gone.
Posted by roguetiger15
Member since Jan 2013
17360 posts
Posted on 4/20/20 at 1:07 pm to
bout to open up a f250 with truck nut auction.
Posted by TeLeFaWx
Dallas, TX
Member since Aug 2011
29311 posts
Posted on 4/20/20 at 1:07 pm to
May WTI at $0.01.
Posted by braindeadboxer
Utopia
Member since Nov 2011
8742 posts
Posted on 4/20/20 at 1:08 pm to
quote:

JEAUXBLEAUX


You are too fricking dumb to even begin to understand how wrong you are
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 4/20/20 at 1:08 pm to
quote:

The Exxon refinery has laid of a ton of contractors. My buddy that works for Exxon says he thinks they are going to lay the rest off by June. Another 3K jobs gone.



It weird they are hitting the refinery. That's were they are making money.

But I guess consumption is so down everyone is effected.
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 4/20/20 at 1:09 pm to
quote:

bout to open up a f250 with truck nut auction.


Posted by PlanoPrivateer
Frisco, TX
Member since Jan 2004
2932 posts
Posted on 4/20/20 at 1:10 pm to
It has - at 1:10 PM it is -1.43,
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