oil

[balljoint]

Oil tumbled today. Going to $35/brl again. Cheap gas this season. $2.50/gal diesel.

https://www.forexlive.com/technical-analysis/!/wti-crude-oil-futures-settle-at-4140-20200306

[balljoint]

Oil tumbled today. Going to $35/brl again. Cheap gas this season. $2.50/gal diesel.

https://www.forexlive.com/technical-analysis/!/wti-crude-oil-futures-settle-at-4140-20200306

Dropped $10 today. Currently $30/brl.

Billions of Chinese not driving has weakened demand.

[balljoint]

Dropped $10 today. Currently $30/brl.

Billions of Chinese not driving has weakened demand.



https://www.fxstreet.com/news/wti-tanks-to-four-year-low-as-saudi-arabia-launches-price-war-202003090158

[balljoint]

https://www.fxstreet.com/news/wti-tanks-to-four-year-low-as-saudi-arabia-launches-price-war-202003090158

Last month was highest US oil export ever.

https://oilprice.com/Latest-Energy-News/World-News/US-Net-Petroleum-Exports-Hit-Highest-Ever-In-February.html

[STRONGERTHANDIRT]

Market expected to drop 1300points at opening. Is this what a crash looks like? Not looking good for people with 401k's and IRA's. So much for the roaring economy. Will this lessen Trump's re-election bid?

[STRONGERTHANDIRT]

Down 1800 points at opening. Trading halted amidst 7% drop.

[balljoint_]

Market expected to drop 1300points at opening. Is this what a crash looks like? Not looking good for people with 401k's and IRA's. So much for the roaring economy. Will this lessen Trump's re-election bid?

Nothing can stop whats coming

[TS FAN]

Market terribly over sold. People who take out their money are foolish at this point. Trump will not be hurt by this latest oil fiasco. I can't image anyone switching from Trump to Bite me anyway.
Trump understands Markets and business BTW. He is the guy you want dealing with this

[ZERO25]

Market terribly over sold. People who take out their money are foolish at this point. Trump will not be hurt by this latest oil fiasco. I can't image anyone switching from Trump to Bite me anyway.
Trump understands Markets and business BTW. He is the guy you want dealing with this

Exactly, in 30 days the libtards will move on to something else!

[dirtMAN007]

Down 1800 points at opening. Trading halted amidst 7% drop.

You and your cohort s got what you’ve been hoping for !!!!!

[balljoint]

Market terribly over sold. People who take out their money are foolish at this point. Trump will not be hurt by this latest oil fiasco. I can't image anyone switching from Trump to Bite me anyway.
Trump understands Markets and business BTW. He is the guy you want dealing with this

Exactly, Trump knows how to go thru bankruptcy. The old foreign owned country is going in the s hitter and they can take their $22 trillion debt with them. The republic is being reborn.

[balljoint]

Exactly, in 30 days the libtards will move on to something else!

US had a feb 16th payment deadline we didnt meet. New system on march 30

[balljoint]

...and Guyana had elections this week, the little country neighboring Venezuela.

"Guyana, which has a population of less than 800,000, is expected to become a major oil producer in the coming years as a consortium of companies including Exxon Mobil Corp taps into 8 billion barrels of oil and gas off its coast."

https://www.usnews.com/news/world/articles/2020-03-08/guyana-court-halts-release-of-election-results-amid-fraud-accusations

[balljoint]

Canadian crude is at 17.87. Country hit hard, they are not as diverse as US. Affects racing.

https://oilprice.com/oil-price-charts/45

[CIRF]

This oil price drop is basically a combination of a pissing contest between Saudi Arabia and Russia over cutting oil exports. Saudi Arabia can produce oil cheaper than anyone else on Earth and they wanted to corner up the China market ahead of everyone else, including Russia. Chinese demand for oil is way down due to the coronavirus which has helped create a huge supply and much lower demand than is customary.

The other aspect of the aforementioned combination is Russia's eagerness, through high world wide production, to get oil prices so low that they will cause many smaller companies that produce oil from shale here in the States into financial hardship and/or bankruptcy. The whole thing is working very well in this regard! Smaller shale oil companies will not last long at all with oil prices at these levels. When oil prices go back up Russia will have much less competition from the United States.

So much for the Trumpster and Vlad being a$$hole buddies! LOL!

[balljoint]

And it may have something to do with the demise of the petrodollar. USD will no longer be pegged to oil. Going goldbacked very soon

[STRONGERTHANDIRT]

Market in another free fall at opening. Goldman predicts another 15% drop.

[balljoint]

New US republic will have no payroll taxes.

https://www.breitbart.com/economy/2020/03/10/report-trump-pitched-0-payroll-tax-for-rest-of-year-to-combat-coronavirus/?fbclid=IwAR1Z5l-1DlSMeJ8prUlDvnVYbU2lHRIEn88VbCV0-EEHQGXDhb3BWy2e7Xw

[STRONGERTHANDIRT]

Dow futures lower. Expect another big drop tomorrow. We are in big trouble. The thriving economy we had just a couple of weeks ago is dying before our very eyes.

[ZERO25]

Dow futures lower. Expect another big drop tomorrow. We are in big trouble. The thriving economy we had just a couple of weeks ago is dying before our very eyes.

And it will come back stronger and faster than Bernie realizing he's not wanted by the Dems hierarchy!

[STRONGERTHANDIRT]

Maybe, maybe not. No one knows how long this crisis will last, Will it be a matter of weeks or will it be months? I hope it does make a comeback, but at this point it doesn't look good.

[balljoint]

Gold standard. No more unlimited printing fiat paper.

[dirtMAN007]

Maybe, maybe not. No one knows how long this crisis will last, Will it be a matter of weeks or will it be months? I hope it does make a comeback, but at this point it doesn't look good.

Someone knows ............just watch and see !

[STRONGERTHANDIRT]

Market trips circuit breaker again, down 2200points. SHUT IT DOWN!!!

[STRONGERTHANDIRT]

(not a nice word)(not a nice word)(not a nice word)(not a nice word), another big drop in markets today.

[CIRF]

Filled all of my gasoline and diesel fuel storage today. Regular gasoline was $1.80/gal. and the diesel fuel was $2.30/gal. The diesel doesn't have road tax or sales tax added due to the fact that most of the diesel I burn is for off road purposes. Given the volume of storage I filled I figure I saved in the neighborhood of $1500.00 compared to if I'd filled everything just a month ago.

This is a minor silver lining to a disastrous situation.

[Barbecueboy]

(not a nice word)(not a nice word)(not a nice word)(not a nice word), another big drop in markets today.

I don't recall you giving these same enthusiastic reports when the market was going the other way.......strange that you can't find the gumption to post and discuss positives but trip all over yourself to get on the net to report on the negatives.

That would lead some folks to come to a collusion.......whoops, meant conclusion.

[mcarter815]

I don't recall you giving these same enthusiastic reports when the market was going the other way.......strange that you can't find the gumption to post and discuss positives but trip all over yourself to get on the net to report on the negatives.

That would lead some folks to come to a collusion.......whoops, meant conclusion.

Odd that I have never seen you say anything negative about Trump.

[Barbecueboy]

You should read more and talk less then.....even though there hasn't been a lot of negatives to talk about, it's there.

[STRONGERTHANDIRT]

Maybe because it's falling more than it's rising. When it has several days of gains I'll be the first one to praise it gaining back the massive losses of the past couple of weeks. This situation is very scary to people my age. The money we have there is what we rely on in the coming years. I'm guessing you are fairly young and don't have the same concerns. The market should rebound, it always has, but I will probably never regain the losses. Now I know you will have some smart aleck reply and that's fine. We agree to disagree.

[Barbecueboy]

My point is that you seem to have no issue at all reporting " with enthusiasm I might add "when things are going in the wrong direction .... But quiet as a church mouse when it was meteorically rising in the other direction.

Why exactly is that , if you don't mind sharing?

And no, I'm an old timer according to some so I'm impacted as well.....I just have the stomach for it....some don't.

[STRONGERTHANDIRT]

What you see as enthusiasm I see as fear. I'm thinking I'm not alone in that fear especially amongst the older folks. Who do we place blame for this catastrophe? I think it's China but that makes me a racist. Is it just a coincidence most of our ingredients for life saving drugs come from China, that includes antibiotics. With that, I'm outta here. I hope everyone stays safe and well and this epidemic ends soon. God bless all.

[CIRF]

Stick around STONGERTHANDIRT. We all may not agree on everything but you seem to make sense and you're respectful. Those two virtues are very much in short supply around here much of the time.

Speaking the truth regarding where this virus came from does NOT indicate that you're a racist. That statement is nothing more than the undiluted truth. I just watched the President's daily briefing and press conference and he used the same phrasing as you did regarding where this virus came from. A no doubt well meaning and sensitive young female reporter asked the President why he persists in calling the COVID-19 virus the China virus and his reply was firm and without hesitation. He said he calls it the "China" virus because that is where it originated and where it came from, simple as that. The young reporter had no reply or follow up.

As most of you know I'm not a huge fan of our President's personality. In fact, as I've said before, I wouldn't really want to be in the same room with him. But, he is at least brave enough to call something exactly what it is and I'll take that over partisan political mamby-pamby bullsh!t all day every day.

[Barbecueboy]

Stronger....you see fear because that's what is being promoted on every television set.

By every trump hating network out there.....turn your channel.

[ZERO25]

Why would anyone invest their savings wholely into the stock market?That's crazy!

Fortunately, a wise man, my dad, told me always to invest in real estate. I have and its paid off big time!

Now, I am in a huge real estate market, but ive invested outside my area and done real well! You cant beat brick and mortar!

[CIRF]

Why would anyone invest their savings wholely into the stock market?That's crazy!

Fortunately, a wise man, my dad, told me always to invest in real estate. I have and its paid off big time!

Now, I am in a huge real estate market, but ive invested outside my area and done real well! You cant beat brick and mortar!

I can, and have, beat brick and mortar all day long everyday and it ain't in the stock market.

[Clayton_Wetters]

Odd that I have never said anything good about Trump.

Very odd indeed.

[ZERO25]

I can, and have, beat brick and mortar all day long everyday and it ain't in the stock market.

Maybe in your market, but not in mine!

When you can buy a house for less than $5,000, put another $5,000 in it, rent it for $900/month and its paid for in a little over a year! Plus, its value increases 10-14% a year! Very hard to beat!

I just recently started doing this, but Ive been doing work for a guy that has approx. 250 of these! Yes, he's toting it to the bank!

[Barbecueboy]

(not a nice word)(not a nice word)(not a nice word)(not a nice word), another big drop in markets today.

I missed yesterdays results from the Dow, couldn't find it anywhere on the news........did they drop again?

[formercrewguy]

Yesterday....largest one day gain in history! Up again today.

[CIRF]

Maybe in your market, but not in mine!

When you can buy a house for less than $5,000, put another $5,000 in it, rent it for $900/month and its paid for in a little over a year! Plus, its value increases 10-14% a year! Very hard to beat!

I just recently started doing this, but Ive been doing work for a guy that has approx. 250 of these! Yes, he's toting it to the bank!

I can beat that deal, too. All day long! And I don't have the myriad of headaches that comes with rental property. NO THANKS. Been there, don't wanna' go back

[Barbecueboy]

Yesterday....largest one day gain in history! Up again today.

Get outa here......no way that's happening or SS or mccarter would be reporting on it.

Unless they only want to talk about it when it goes down.....which is highly plausible.

[balljoint]

Oil bagan downtrend feb 21. Trump rally was only a month ago on same feb 21 in vegas.
Did he know what was coming?

https://www.c-span.org/video/?469439-1/president-trump-campaign-rally-las-vegas

[mcarter815]

Get outa here......no way that's happening or SS or mccarter would be reporting on it.

Unless they only want to talk about it when it goes down.....which is highly plausible.

I think it's a dead cat bounce in response to the stimulus package. I don't think we will see the bottom until mid-summer or whenever the stay-at-home orders relax. There are still factories around here closing because of cases of covid-19 among the workers.

[dirtMAN007]

I think it's a dead cat bounce in response to the stimulus package. I don't think we will see the bottom until mid-summer or whenever the stay-at-home orders relax. There are still factories around here closing because of cases of covid-19 among the workers.

what happened to you guys' HOPE part of HOPE AND CHANGE ! i forgot who is president ! now it is HOPE for the worst for our country because of yOUR hatred for DONALD J TRUMP !!!

[Barbecueboy]

Another glass half empty story from mccharmin ?? Didn't see that one coming........

Must suck to be that miserable.....kinda feeling sorry for you bud.

Got any tissue I can borrow to wipe away the tears?

[Barbecueboy]

I think it's a dead cat bounce in response to the stimulus package. I don't think we will see the bottom until mid-summer or whenever the stay-at-home orders relax. There are still factories around here closing because of cases of covid-19 among the workers.

Psssst.....don't look now but they are opening back up in other parts of the world.

Sorry if I ruined your day with a little good news.

[mcarter815]

what happened to you guys' HOPE part of HOPE AND CHANGE ! i forgot who is president ! now it is HOPE for the worst for our country because of yOUR hatred for DONALD J TRUMP !!!

Just being realistic.

[Barbecueboy]

Just being realistic.

I'm surprised you can even spell that.....much less know it's meaning.

Source......almost every single one of your posts.

[mcarter815]

I'm surprised you can even spell that.....much less know it's meaning.

Source......almost every single one of your posts.

Your attempts at trolling are really boring.

[Barbecueboy]

Pretty sure your president would say the same about you........

[Clayton_Wetters]

Just being realistic.

No you're not, absolutely not!!!

[mcarter815]

No you're not, absolutely not!!!

You're a fool if you think the stock market is going to bounce back before the stay-at-home orders are over.

[Clayton_Wetters]

Maybe you're holding a stock market doll and a pin???? hahahahahaaa

[balljoint]

Oil isnt coming back.

Not cv that killed it.
Twas the death of the petrodollar
Gold standard will rise from the ashes

Oil is now like water...only cheaper

[Albertparia]

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word)»СЊÐ(not a nice word)ЅС‹С… Ð(not a nice word)їСЂÐ(not a nice word)Ñ‘Ð(not a nice word)»Ð(not a nice word)Ñ•Ð(not a nice word)¶Ð(not a nice word)µÐ(not a nice word)Ð…Ð(not a nice word)Ñ‘Ð(not a nice word)â„– Ð(not a nice word)Ò‘Ð(not a nice word)»СÐ� iOS Ð(not a nice word)Ñ‘ Android. https://vk.com/topic-174652426_39851387 Ð(not a nice word)ÑœÐ(not a nice word)° Ð(not a nice word)·Ð(not a nice word)°Ð(not a nice word)Ò‘Ð(not a nice word)Ð…Ð(not a nice word)µÐ(not a nice word)â„– Ð(not a nice word)»Ð(not a nice word)Ñ‘Ð(not a nice word)Ð…Ð(not a nice word)Ñ‘Ð(not a nice word)Ñ‘ Ð(not a nice word)ІС‹Ð(not a nice word)Ñ—Ð(not a nice word)Ñ•Ð(not a nice word)»Ð(not a nice word)ЅСÐ�Ð(not a nice word)µС‚ Ð(not a nice word)Ñ•Ð(not a nice word)іСЂÐ(not a nice word)Ñ•Ð(not a nice word)јÐ(not a nice word)Ð…Ð(not a nice word)Ñ•Ð(not a nice word)â„– Ð(not a nice word)Ñ•Ð(not a nice word)±СЉÐ(not a nice word)µÐ(not a nice word)ј Ð(not a nice word)±Ð(not a nice word)µÐ(not a nice word)Ñ–Ð(not a 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word)њС‹ Ð(not a nice word)їСЂÐ(not a nice word)µÐ(not a nice word)Ò‘Ð(not a nice word)»Ð(not a nice word)°Ð(not a nice word)Ñ–Ð(not a nice word)°Ð(not a nice word)µÐ(not a nice word)ј СЃС‚Ð(not a nice word)°С‚СЊ С‡Ð(not a nice word)°СЃС‚СЊСЋ Ð(not a nice word)Ð…Ð(not a nice word)°С€Ð(not a nice word)µÐ(not a nice word)â„–. https://vk.com/topic-905963_41006970 Ð(not a nice word)’ С‚Ð(not a nice word)Ñ• Ð(not a nice word)¶Ð(not a nice word)µ Ð(not a nice word)ІСЂÐ(not a nice word)µÐ(not a nice word)јСÐ� Ð(not a nice word)Ð…Ð(not a nice word)° Ð(not a nice word)Ñ—Ð(not a nice word)Ñ•Ð(not a nice word)±Ð(not a nice word)µÐ(not a nice word)ґСѓ Ð(not a nice word)ÑŸÐ(not a nice word)ѕСЂÐ(not a nice word)ѕС€Ð(not a nice word)µÐ(not a nice word)Ð…Ð(not a nice word)Ñ”Ð(not a nice word)Ñ• СЃС‚Ð(not a nice word)°Ð(not a nice word)ІСÐ�С‚ 5. https://vk.com/topic-301286_39973448 Ð(not a nice word)ÑšÐ(not a nice word)Ñ•Ð(not a nice word)±Ð(not a nice word)°Ð(not a nice word)â„–Ð(not a nice word)» Ð(not a nice word)±Ð(not a nice word)µС‚С‚Ð(not a nice word)Ñ‘Ð(not a nice word)Ð…Ð(not a nice word)Ñ– СѓÐ(not a nice word)¶Ð(not a nice word)µ Ð(not a nice word)Ò‘Ð(not a nice word)°Ð(not a nice word)ІÐ(not a nice word)ЅС‹Ð(not a nice word)ј Ð(not a nice word)Ò‘Ð(not a nice word)°Ð(not a nice word)ІÐ(not a nice word)Ð…Ð(not a nice word)Ñ• Ð(not a nice word)Ñ—Ð(not a nice word)Ñ•Ð(not a nice word)»СЊÐ(not a nice word)·СѓÐ(not a nice word)µС‚СЃСÐ� Ð(not a nice word)Ñ—Ð(not a nice word)Ñ•Ð(not a nice word)їСѓÐ(not a nice word)»СÐ�СЂÐ(not a nice word)Ð…Ð(not a nice word)ѕСЃС‚СЊСЋ, Ð(not a nice word)Ñ—Ð(not a nice word)ѕСЌС‚Ð(not a nice word)Ñ•Ð(not a nice word)јСѓ Ð(not a nice word)їСЂÐ(not a nice word)µÐ(not a nice word)Ò‘Ð(not a nice word)ѕСЃС‚Ð(not a nice word)°Ð(not a nice word)ІÐ(not a nice word)ёС‚СЊ СЃÐ(not a nice word)ІÐ(not a nice word)Ñ•Ð(not a nice word)Ñ‘Ð(not a nice word)ј Ð(not a nice word)Ñ—Ð(not a nice word)Ñ•Ð(not a nice word)»СЊÐ(not a nice word)·Ð(not a nice 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