WTI crude just hit negative $40 a barrel
- Thread starter scott9050
- Start date
Gas may go down , but watch prices of other goods continue to climb .
Inflation is going to be a son of a bitch. As soon as they started talking about direct stimulus payments.... I know it's a matter of time before inflation skyrockets with all this funny money.
But we must stay vigilant. The ship will get back on course, but we need to reopen and assess the damage. It's going to be ugly, but hang in there. This has literally never occurred before in the modern era.
By Gods grace, it won't again.
That's a given with all the money being printed.
Inflation,.....here we come!
I will be filling my fuel tanks the brim here shortly.
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Companies have no ability to demand more, think deflation.
Gas is 79.82 cents in ca.
No wait that’s is just the taxes we pay on each gallon.
No wait that’s is just the taxes we pay on each gallon.
Lmao
Whatever happen to Carter's "well run out of oil in 10 years" optimism?
Were things like fracking around and in practice back then? Serious question ignorant in this field, just seems to be something either more recent or recently public knowledge. It's my understanding that's what opened up a lot of the US oil.
How many shares you buy today?
This is May futures trades. In the next day the cycle moves to June future trades which is about $25 (what it has been). Plus Brent is still close to $30. Although it’s insane, it will be back to what it was shortly.
Cbob dropped 4 cents and USLD 7 cents. Still about where it’s been, which means refined product isn’t following crude.
Cbob dropped 4 cents and USLD 7 cents. Still about where it’s been, which means refined product isn’t following crude.
If you had storage for it, you could make millions storing it and millions selling it to the refineries later.
But who has millions of barrels of tank farm laying around unused? (Looking at you Limetree Bay....)
But who has millions of barrels of tank farm laying around unused? (Looking at you Limetree Bay....)
A little short of 4000. Bought UCO for ~$1.32 a share.
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This is exchange incompetence, and nothing more. Back in the day, the exchange regulatory would have called the short and informed them that they would be providing an orderly market. There was a catch all in chicago, acts detrimental to the exchange. They were planning for this possibility last week at the least, when instead, someone with a backbone should have called the short and said, look buddy, take your 15 bucks or more on this trade and play again. Or else we will close it at zero on a cash settle. And find a way to fine you asap for being a prick that is making the exchange look bad.
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