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re: Oil to $2.50

Posted on 4/20/20 at 1:10 pm to
Posted by dreigh
Member since Mar 2020
61 posts
Posted on 4/20/20 at 1:10 pm to
quote:

quote:
Dims master plan is working


This is not good for renewables lol.


Correct, this is not at all good for renewables. Besides, it's not like renewables are set up in any meaningful way to backfill the temporary vacuum that will be created by the short-term supply side shortage of oil and gas that will most certainly be coming. This is BRUTAL for oil, and many companies will not survive, but the business is still far more elastic and able to adjust to a resurgence in the market than many people realize.
This post was edited on 4/20/20 at 1:11 pm
Posted by SlickRick55
Member since May 2016
2724 posts
Posted on 4/20/20 at 1:11 pm to
quote:

Forcing people to stay at home is capitalism?


Yes, if your a late-round millennial or Zoomer.
Posted by bleedpg
Hot Springs Village, Arkansas
Member since Dec 2006
1234 posts
Posted on 4/20/20 at 1:14 pm to
Any opinion on when to buy?
Posted by Diseasefreeforall
Member since Oct 2012
7214 posts
Posted on 4/20/20 at 1:17 pm to
Oil ain't like milk, you can't just dump it if there is nowhere to put it.
Posted by makinskrilla
Lafayette, LA
Member since Jun 2009
9752 posts
Posted on 4/20/20 at 1:17 pm to
No it won’t go negative.
Posted by ClampClampington
Nebraska
Member since Jun 2017
4033 posts
Posted on 4/20/20 at 1:18 pm to
It's literally -$7.23 right now. Down 135% on the day
Posted by loogaroo
Welsh
Member since Dec 2005
39795 posts
Posted on 4/20/20 at 1:19 pm to
Posted by burke985
UGANDA
Member since Aug 2011
28405 posts
Posted on 4/20/20 at 1:19 pm to
-6.82
Posted by Taxing Authority
Houston
Member since Feb 2010
62612 posts
Posted on 4/20/20 at 1:19 pm to
quote:

Live by capitalism. Die by capitalism

Because if one thing defines captialism is OPEC. You have any idea what "C" stands for? HINT: It's not "capitalism".
Posted by roadGator
Member since Feb 2009
154770 posts
Posted on 4/20/20 at 1:25 pm to
It has to hurt being so stupid. You take a lot of pain pills?
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 4/20/20 at 1:30 pm to
-$7.
Posted by Wally Sparks
Atlanta
Member since Feb 2013
32499 posts
Posted on 4/20/20 at 1:31 pm to
What the frick is going on
Posted by Boring
Member since Feb 2019
3792 posts
Posted on 4/20/20 at 1:35 pm to
Alright so we've now established a historical price floor of -$35. It's important to know your technicals, boys!
Posted by catnip
Member since Sep 2003
16377 posts
Posted on 4/20/20 at 1:42 pm to
quote:


Dims master plan is working


Every time one of us dies the libs stand up and shout with glee "In your face"! Ha! Ha! Ha!
Posted by Smeg
Member since Aug 2018
14457 posts
Posted on 4/20/20 at 1:43 pm to
quote:

Live by capitalism. Die by capitalism

If you don't support capitalism, what do you support? Be specific
Posted by LosLobos111
Austere
Member since Feb 2011
45385 posts
Posted on 4/20/20 at 1:49 pm to
He's a jester in clown world
Posted by tgdk11
Member since Nov 2017
1991 posts
Posted on 4/20/20 at 3:06 pm to
Went to see purchase option on Schwab, and it didn't allow transaction. Stated to call them if believe viable traded fund , etc.

Am I missing something?
Any other etf's anyone's looking at with this oil mess?
Posted by Icansee4miles
Trolling the Tickfaw
Member since Jan 2007
31899 posts
Posted on 4/20/20 at 3:31 pm to
Are you a bad troll or a dumbass? Or both?
Posted by Gtmodawg
PNW
Member since Dec 2019
4580 posts
Posted on 4/20/20 at 3:41 pm to
Should be able to get in the oil bidness pretty cheap at the moment....
Posted by Crawdaddy
Slidell. The jewel of Louisiana
Member since Sep 2006
19101 posts
Posted on 4/20/20 at 3:43 pm to
So when is Racetrak gas hitting .07 cents a gallon for premium?
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