Saudi-Russian oil price war - oil down ~10% (gas gonna get "cheap")

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good at drinking water
infinite ignorance on Saturday, March 7, 2020 – 07:25 pm

Forums:

https://www.bloomberg.com/news/articles/2020-03-07/saudis-plan-big-oil-output-hike-beginning-all-out-price-war

 

Oil price war + travel bans ....how cheap will oil get?  

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good at drinking water
infinite ignorance on Sunday, March 8, 2020 – 08:43 pm

oil down 20%

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good at drinking water
infinite ignorance on Sunday, March 8, 2020 – 09:36 pm

31%

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Ken D.
Portland_ken on Monday, March 9, 2020 – 12:15 am

The Saudis have had this planned for a while.   Kind of like the villain in "Live in Let Die" who tells Bond his master plan of flooding the streets with free heroin to drive out competitors and seize control of the entire market. 

The quicker the US gets off the shit, the better.

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krab
groad1123 on Monday, March 9, 2020 – 02:06 pm

Chief Exec Orangutan is really on a winning streak.

What he thought were his two best friends overseas, Ruskies and Arabs, are tanking the oil and stock markets.

23,956.34 −1,908.44 (7.38%)

At least he got North Korea to back off their missile launch program.

Summits with the other Fat Bastard have shown to be a huge success.

 

 

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GravyTrain
Gravytrain on Monday, March 9, 2020 – 02:31 pm

HE'S GONNA MAKE A BEST DEAL, JUST ASK BRYEN AND THOM!!!  

YOU DON'T KNOW BUSINESSMENS'S THINKINGS, HE'S THE SMARTLIEST SUN-GOD EVER IN THE HISTORY OF SUN-GODS!

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Bucky Badger
On Wisconsin on Monday, March 9, 2020 – 02:34 pm

I'm shocked that Donny hasn't mastered the ability to use lies and insults against a virus in order to make it go away, like he has with impeachment and such. 
 

VERY DISAPPOINTING 

In the meantime I guess I can gas up with super! 

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Ausonius
Thom2 on Monday, March 9, 2020 – 02:56 pm

Not cheap enough to make up for what's happening to the market.

And you folks trying (yet again) to pin something (anything!) on Trump might do well to consider who it is that has help create the situation where we aren't dependent on Saudi oil anymore.

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uncmozo
Jerry H on Monday, March 9, 2020 – 03:03 pm

Well, the market doesn't like uncertainty or confusion. But I just can't think of anyone right now sowing uncertainty or confusion.

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Bucky Badger
On Wisconsin on Monday, March 9, 2020 – 03:10 pm

>>>>And you folks trying (yet again) to pin something (anything!) on Trump might do well to consider who it is that has help create the situation where we aren't dependent on Saudi oil anymore.

Please, go on Thom. Is it MUH RUSSIA???? IS THIS NOT A DEEP-STATE CONSPIRACY? 

GO AHEAD YOU FOLK

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surjade
Treeflo on Tuesday, March 10, 2020 – 12:23 am

Trying to pin something (anything) on Trump?

Bwahahahaha.

He's screwing himself, no one has to TRY to pin anything on him.