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The New Coffee Room

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  3. Oil Futures

Oil Futures

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  • M Offline
    M Offline
    Mik
    wrote on 20 Apr 2020, 21:15 last edited by
    #29

    Those two picked a bad time to make a glut, that’s for sure.

    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

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    • C Offline
      C Offline
      Copper
      wrote on 20 Apr 2020, 22:47 last edited by
      #30

      So anyone with a significant interest in oil will certainly become an ally of the ReOpen people.

      Lots of new alliances will be made.

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      • J Offline
        J Offline
        jon-nyc
        wrote on 20 Apr 2020, 22:54 last edited by
        #31

        I wonder how many systems are breaking right now on that negative number.

        "You never know what worse luck your bad luck has saved you from."
        -Cormac McCarthy

        G 1 Reply Last reply 20 Apr 2020, 23:00
        • J jon-nyc
          20 Apr 2020, 22:54

          I wonder how many systems are breaking right now on that negative number.

          G Offline
          G Offline
          George K
          wrote on 20 Apr 2020, 23:00 last edited by
          #32

          @jon-nyc said in Oil Futures:

          I wonder how many systems are breaking right now on that negative number.

          ::insert "You divided by zero" meme here::

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

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          • J Offline
            J Offline
            jon-nyc
            wrote on 21 Apr 2020, 02:45 last edited by
            #33

            Seen on twitter

            BREAKING - DUE TO THE RAPID CAPITULATION IN MAY 2020 OIL CONTRACT, OIL WILL NO LONGER BE QUOTED IN VOLUMES OF EXPENSIVE STEEL BARRELS BUT IN 42 GALLON GARBAGE BAGS

            "You never know what worse luck your bad luck has saved you from."
            -Cormac McCarthy

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            • L Offline
              L Offline
              Loki
              wrote on 21 Apr 2020, 14:57 last edited by
              #34

              Of all ironies as the last cruise ship gets a port, supertankers take their place floating aimlessly in the ocean.

              Who could have written that script 3 months ago?

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              • 8 Offline
                8 Offline
                89th
                wrote on 21 Apr 2020, 16:47 last edited by
                #35

                USO (an oil ETF) is down 33% today, as of right now, at least.

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                • J Offline
                  J Offline
                  jon-nyc
                  wrote on 28 Apr 2020, 12:47 last edited by
                  #36

                  932B8FFE-5E8A-4B1A-9EB0-AF4621F557E1.jpeg

                  "You never know what worse luck your bad luck has saved you from."
                  -Cormac McCarthy

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                  • 8 Offline
                    8 Offline
                    89th
                    wrote on 28 Apr 2020, 13:07 last edited by
                    #37

                    Haha that is so good

                    1 Reply Last reply
                    • 8 89th
                      20 Apr 2020, 18:44

                      Sooooo........should I buy Halliburton?

                      Is this just reflecting the surplus in supply, minimal demand, and no place to store the actual dinosaur juice?

                      8 Offline
                      8 Offline
                      89th
                      wrote on 29 Apr 2020, 01:52 last edited by
                      #38

                      @89th said in Oil Futures:

                      Sooooo........should I buy Halliburton?

                      I should've. It's up 25% since I asked that question. 🙂

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                      29 Apr 2020, 01:52


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