OIL IN FREEFALL

Question

OIL IN FREEFALL

yes. natural deflation
less people, less production, less energy needed, opec needs to pump more to make up for lost demand price dumbs futher

Bullish for gold

How can i go long without a futures account?

this kills the russian crab

less production

OPEC has been increasing rate of drilling for a few months now

How big is your backyard?

HABIBIS
HOLD ME

I could swing a few acres if needed. but how do i go long without buying gas like the lowest iq retard.

Because Putin has been drilling more oil than he said he would. They are mad

That's not a good thing actually

Yes. And they have to continue, as it's the only resources they have. Doesn't change the underlying issue, overall less demand due to natural deflation in the west and therefore less demand for energy in sweatshop territories exporting to western markets. If Trump wasn't such a cuck he would go for a fast and furious deflation instead of pussy footing this shit

Someone explain why this is a bad thing

It’s bad if you’re a Russian oligarch and you want to exterminate more Russian men against Ukrainian entrenched positions

It is expensive for american oil producers to make oil. Their break even levels are 50-60 dollar range. If oil prices fall below that level they start losing money and have to stop operating. They lay off all the people in the oil industry , that fucks the local economys.

America's break even for oil is 50 dollar a barrel
if OPEC (the middle eastern oil barons and friends) flood the market, then American oil loses money per barrel

I almost gave a shit for a second

where are the brainiacs ? how do i make money longing oil , do i just get dbo?

longing oil before a recession

you're a genius

Drill, baby, drill

Faggot you are acting like its gonna last a decade, i just want to buy some contracts 1 year out that are long.

UCO OILK USO USL

Refined products go bad too quickly, stock up on cheap crude while you can and it'll easily last however many decades you have to wait

ok so why is premium (only gay cuck cars take regular) still $3.60 a gallon

The cheaper oil gets the more expensive gas will be
Yes, this makes perfect sense

nuclear when?

People are switching to EVs which is gradually reducing demand for oil. This trend will continue with advances in battery tech in the future increasing range and longevity and reducing charge time. It will get to a point where it doesn't make sense to buy a gas car for most use cases.

falling for the EV meme in 2025

The problem with EVs is i dont have 20 minutes to fill my car

Okay, and?

only
FAGGOTS
are getting EVs

hetero cis males
kno that EVs
are going 2
run out of battery
in NIGGERHOODS
and u cant just
fill up the tank
real fast
and go
and also
EVs turn into FAGGOTS
in the cold
and also u have 2
buy a $27k
battery every few years
and also if ur battery
gets wet
u get roasted
and also
they r just
GAY
A
YAG IS GAY BACKWARD

In the future it will take 5 minutes. In fact that technology already exists.
Seethe, you can't stop it. I'm already rich as I started investing in the EV space in 2010 as it was the most obvious long term investment play. And we are still very early, lots of market share to take away from dinosaur flintstones stinky noisy gas cars.

Your FUD doesn't work bot. Go post your FUD in youtube comments and comments at the bottom of online news articles about EV, you retarded shill bots. Don't think nobody notices your lame debunked propaganda.
You lost.

Do you seriously believe that the price of crude oil collapsed in a matter of weeks because of EV adoption ? Did everyone go out and simultaneously buy an EV?
Ev adoption may improve in the future, however it is plateud, and just like herpes americans cant seem to shake the love for their gas guzzling trucks. So the time to make money is now. Going long oil when it comes back to 100 bucks a barrel you are gonna look like a genius.

and gas in cololmbia is still 4 dollars a gallon and they make like 12 dollars a day. lmaooo. uber drivers have to drive all day to make like 15 dollars.

it reminds me how much room americans have to suffer still

yall dont know how easy yall have it i tell ya.

only a retard things evs dont work for most americans
Dont have to go to gas station
most people's commutes could be handled by ev even in sub zero temps
home charginign so you dont have to worry
Cheap to fill up
efficient
essentially zero maintence car
8 year 100k mile power train backed by the federal govt.
now they wont stop your urges to suck cock, but thats what conversion therapy is for.

Oil crashing and becoming irrelevant is one of the greatest things that can happen to the world.

assfucks Russian oligarchs

turns degenerate Saudis back to the camelfuckers they always are

this leads to less terrorism, pisslam and immigration since it's those Saudis who push this shit

less pollution

I long for the day crude oil is 10 a barrel and we switch to nuclear

How do you know their break even level?

long haul trucking will require gas
third world countries cant afford ev batteries
boats and planes will always require gas.
Im bullish ev, but this is just a blip and only a retard would think this is crashing because of ev adoption.

so if thing cant survive if x-event happens. perhaps we shouldn't be relying on it.

18 wheelers need gas

essentially zero maintence

hartenergy.com/exclusives/us-shale-basins-boast-54bbl-average-breakeven-price-204563

spending that much

mooney

on glorified

golf carts

i luv
OIL
so much
it hurts
and NATGAS
2

You fill it overnight you don’t stop at a station unless your doing some long ass road trip

You charge them overnight. The only time you actually need to actively think about charging is when you are doing a cross county trip. In that case yeah it can be annoying, but if you are driving that much a 20 main break isn't a bad idea either.

faggot no oil change, no spark plug or timing belts, or filters or shit.
The car literraly has a gaurtantee on the drivetrain and battery for 8 years 100k miles by law.
you should probably kill yourself.

the oil producers will get wiped out, opec will keep producing, once enough of them are out of business opec will start raising the prices again.

Typical cartel shit.

So if oil goes below this break even price, oil producers can't afford to continue to operate? Doesn't this just essentially prove they are being outcompeted by other oil producers? Also, I'm confused as to how oil production can expand at all if this is the case. If there is more oil being produced, the supply increases thus decreasing the price of oil, right? So the only way for more oil to be produced is if demand is increasing faster than supply. Assuming this logic is true, it seems the core issue behind the falling oil prices is decreasing demand but apparently this isn't true?

thinks the engine is the only thing that needs maintenance

lol you must be a fucking woman

its increase supply. OPEC is essentially a cartel that tells its members how much oil to produce to manage supply and price per barrel. Sometimes the members are naughty and fuck over other members when they get greedy. Sometimes American oil companies collude with opec to keep prices high to fuck the american consumer.

citizen.org/news/texas-oil-baron-accused-of-colluding-with-opec-made-millions-in-campaign-donations/

All of this just to say that the price of oil will always go higher because the people providing the cartel control supply to increase the price.

I've already been fired from a relatively cushy job on a rig. It's becoming increasingly hard to hide the fact we've already hit peak oil and are now in the freefall collapse phase of the industry. Green energy reaching near peak viability is also going to destroy petroleum.
Invest in battery manufacturers and associated rare earths if you haven't already. Oil is dead.

essentially

OPEC doesn't hide the fact it's a cartel in the slightest.

faggot i do my own maintence. EV's dont need breaks either because of regen breaking limits wear and tear. Only thing you need is tires and a coolant flush at 100k miles.
kys. the cars are for the average consumer, without the headache of maintenance.

Oh no. Not cheap oil!
Based.
I really wanted to invest in TSLA when it IPO’d, but the shysters on tv and the midwits on Reddit talked me out of it.

I changed a tire once!

lol, good job bitch. Now put the phone down and go make me a sandwich.

I have a 12 year old EV and the only maintenance I've had to do on it are taillights, tires, and brake fluid. All of which you'd still have to take care of in a gas car, on top of everything else.

suck my big black dick you bitch. i change fluids, breaks, sparks, and belts for my gas guzzlers, i dont trust the fags at the dealership or quickie lube to not fuck up a basic oil change.

But since you were bTFO your asshole is still aching,

nigger

lol. How precious. It can work a phone! Will wonders ever cease?

lol . faggot its a race neutral phrase . and no i will not let you suck my dick. go back to the cave you crawled out of. or is getting humiliated on a forum your fetish.

so now is the time to buy and hold some cheap oil stonks?

well the american oil producers are gonna get fucked. Oil as a comodity will be cheap for a little while and then go back up. I dont know the best way to play this without actually writing futures contracts for oil.

cheap

KEK

stonks

*STOOKS
go back
stay back

fuck off you talk like a literal third worlder.

lower ur tone
in the presence
of those dubs
i wud rather
talk like a third worlder
than a redditor
any day
mr stonks

suck my big black dick

its a race neutral phrase

your fetish

lol, thanks for the laughs nigger

go back to pol you retard and go back to watching built for BBC porn. Im sure the black guy is fucking your women anyway cuck

kys thirdy

can't stop talking about nigger dick

man, the hits just keep coming!

checked dubs
of gay
stonky
stonks
even with
thos dubs
u still
hold no
NATGAS AND OIL

FAGGOT

so keep that tone
to a whisper
around
me

go back to pol and keep watching it. I knw you guys are obseccess with built for bbc porn.

I knw you guys are obseccess

jfc, you are a nigger huh?

You are just a tranny who got BTFO for not knowing basic shit about electric cars. If i am a nigger even more embarssing for you. You should KYS. Also i fucked your wife.

nope retard, this kills the us oil producers. Whatever the US break even price is, russia's is 4 time lower.

Ok, Russia is fucked

You've been about a recession for 5 straight years jackass

Population of """countries""" Norway (5mm) and Sweden (10mm) combined is less than the population of Los Angeles Metropolitan Area (18mm). Putting them on the same chart as US, China and World is blatant manipulation.

muh dick

muh tranny

god damn, learn to take the L mam

Where do you think the energy to power EVs comes from retard

Look at this retard, stating random millimeter numbers in brackets. What a fucking faggot.

If oil is fucked then its literally over. Lmao trump fucked with the wrong consortium.

And the price still won't go under 1.50€/L

are u retarded m8? Compared to internal combustion its basical ly only tires and brakes

Cause crude oil prices are directly related to market health. Petrol is one of like a hundred things that are made from crude lol.