Oil at .05 per barrell

[SpursforSix]

99% due to futures contracts. But still...that's insane.

[Spurtacular]

Barrels are $11, not a nickel.

https://www.washingtonexaminer.com/policy/energy/us-oil-prices-plunge-to-11-per-barrel-lowest-in-two-decades-in-pandemic-fueled-free-fall

[baseline bum]

Barrels are $11, not a nickel.

https://www.washingtonexaminer.com/policy/energy/us-oil-prices-plunge-to-11-per-barrel-lowest-in-two-decades-in-pandemic-fueled-free-fall

That was this morning. It's currently near minus $10 a barrel.

[baseline bum]

Now minus $11.42

https://www.cnbc.com/quotes/[email protected]

[SpursforSix]

Now minus $11.42

https://www.cnbc.com/quotes/[email protected]

The system's broken. Lowest was around -40 and now Etrade is showing it at 125 (positive).

[Spurtacular]

Now minus $11.42

https://www.cnbc.com/quotes/[email protected]

Apparently didn't much hurt my energy stocks. They're about as low as they're gonna go short of chapter 11.

[baseline bum]

God what is the bottom of this? It's near minus $14 a barrel now.

[SpursforSix]

Now -28.00. No idea how this will shake out.

[hater]

Now -28.00. No idea how this will shake out.

Trump is gonna get on the phone with Putin and BoneSawman

this will all go away by supper time

MAGA

[Millennial_Messiah]

Free gas and nowhere to go

[SpursforSix]

Trump is gonna get on the phone with Putin and BoneSawman

this will all go away by supper time

MAGA

It'll go away tomorrow. It's all related to the May contract expiring today. Next month's contract is at $20.00 or so.
It's just crazy to watch.

[DMC]

So I can buy a barrel for $11? I'll take two. Keep the oil.

[boutons_deux]

a question for you economic giants

I will be paid $14 to take barrel of oil home?

[SpursforSix]

Contract settled at -37.63/bbl.

[Millennial_Messiah]

a question for you economic giants

I will be paid $14 to take barrel of oil home?

& then you'll have to refine it into gasoline yourself

[Splits]

Trump is gonna get on the phone with Putin and BoneSawman

this will all go away by supper time

MAGA

Nowhere to put all that sweet sweet crude.

Opec+ already agreed to 9m barrels/day cut, but not until next month, they're shipping oil to the US as we speak

[Splits]

a question for you economic giants

I will be paid $14 to take barrel of oil home?

You gotta pay shipping & handling, plus have a place to store it.

[baseline bum]

You gotta pay shipping & handling, plus have a place to store it.

I have Prime, does that help?

[SpursforSix]

Nowhere to put all that sweet sweet crude.



Bend over, I'll fucking show you where to put the sweet sweet crude.

[DMC]

a question for you economic giants

I will be paid $14 to take barrel of oil home?

I'll give you $100 if you take a barrel of it home and soak yourself in it until you drown.

[DMC]

Bend over, I'll fucking show you where to put the sweet sweet crude.

Black Gold, Texas Tea.... boom Jed's a millionaire

[Thread]

They're fighting it tooth & nail here in AZ., by God:::$2.37/gal.

[CosmicCowboy]

I remember when oil crashed last time. There were a dozen loaded oil tankers parked off of Port A just storing unwanted oil...We would be fishing offshore and cruising the tankers looking for Ling hanging out in the shade.

[Splits]

I have Prime, does that help?

:lol

You could drive to Cushing, OK and pick it up tbh. Ask hater if he's got space in his bunker for a couple of barrels. Or maybe Dale could roll em home.

[baseline bum]

:lol

You could drive to Cushing, OK and pick it up tbh. Ask hater if he's got space in his bunker for a couple of barrels. Or maybe Dale could roll em home.

Meh just dump them in the river on the way back. That shit's legal in Oklahoma anyways.

[DMC]

:lol

You could drive to Cushing, OK and pick it up tbh. Ask hater if he's got space in his bunker for a couple of barrels. Or maybe Dale could roll em home.
ISWYDT

[leemajors]

Didn't OPEC flood the market to do this?

[RandomGuy]

Futures are NEGATIVE.

U.S. crude oil futures for May plummet to minus $37 — lowest price in history
https://www.nbcnews.com/business/markets/oil-prices-tumble-lowest-level-1980s-n1187716

[Splits]

Possibly going to be negative soon :lol

Called it.

[koriwhat]

I'll give you $100 if you take a barrel of it home and soak yourself in it until you drown.

that would be some very welcomed news!

[CosmicCowboy]

I wonder what this will do to our natural gas supply with wells shutting in...with 50% of shale wells producing both oil and natural gas, shutting them down could potentially create a gas shortage and an oil glut at the same time.

[CosmicCowboy]

Imagine rolling power blackouts this summer sheltering with no AC on 100 degree days

[clambake]

Imagine rolling power blackouts this summer sheltering with no AC on 100 degree days

geez, why'd you have to say that.

planted in my head now

[baseline bum]

geez, why'd you have to say that.

planted in my head now

Don't you live in LA? I remember when people thought it was ridiculously hot when it would hit 85. :lol

Never had AC when I lived in LA since summer days were typically 75-78 degrees.

[koriwhat]

Don't you live in LA? I remember when people thought it was ridiculously hot when it would hit 85. :lol

Never had AC when I lived in LA since summer days were typically 75-78 degrees.

my first time out in LA was back when i was 25. the first day there my buddy and i were walking around and enjoying the 75-78 degree weather while the locals there cried about how hot it was. just for comparison, it was like 110 in satx before we got to LA.

[clambake]

Don't you live in LA? I remember when people thought it was ridiculously hot when it would hit 85. :lol

Never had AC when I lived in LA since summer days were typically 75-78 degrees.

yeah, but we're not there right now. shit man, i couldn't sleep in that heat.

[ElNono]

Gas cheaper than Obama...

Trump

[ElNono]

But then if this happened while a Democrat president was in charge, it's a political conspiracy between Russia and Saudi Arabia to re-elect him and the mass media is hiding it because reasons...

[SnakeBoy]

But then if this happened while a Democrat president was in charge, it's a political conspiracy between Russia and Saudi Arabia to ban fracking and the mass media is hiding it because reasons...

fify

[CosmicCowboy]

Y'all are stupid if you dont realize how much damage this will do to the Texas economy. It's not a republican or democrat thing.

[TeyshaBlue]

What a fucking disaster.

[pgardn]

I look forward to removing gasoline from the pump tomorrow and getting paid for it.

[Xevious]

https://twitter.com/colinmort/status/1252325037899755521?s=20

[baseline bum]

Y'all are stupid if you dont realize how much damage this will do to the Texas economy. It's not a republican or democrat thing.

Like Bobby Knight said, if rape is inevitable, might as well sit back and enjoy it.

[TDMVPDPOY]

should be stockpiling them for reserves....

[Splits]

1252505403990081536

[SpursforSix]

Didn't OPEC flood the market to do this?

It exacerbated the situation to some degree but I'd say that 90% of this is COVID related and the lack of demand.

[SpursforSix]

Like Bobby Knight said, if rape is inevitable, might as well sit back and enjoy it.

I still can't believe that comment.

Or the gem from Clayton Williams..."Rape is kinda like the weather. If it's inevitable, relax and enjoy it". WTF.

[vy65]

Remember when peak oil was a thing?

[SpursforSix]

Remember when peak oil was a thing?

You don't think that's a real concept?

[vy65]

You don't think that's a real concept?

If you're asking me if I believe finite resources are finite, the answer is yes.

I don't think we're running out of oil anytime soon.

[SpursforSix]

If you're asking me if I believe finite resources are finite, the answer is yes.

I don't think we're running out of oil anytime soon.

That's not actually the premise of Peak Oil. It's related to being able to extract those resources economically. But maybe that's what you're saying.

[DMC]

yeah, but we're not there right now. shit man, i couldn't sleep in that heat.

You could always migrate up north with the rest of the whale pack. Watch out for those fuckin' Navy sonars.

[clambake]

Cult jargon lol
Cult member at rock bottom lol

Imagine what those hands are attached to lol

[DMC]

Cult jargon lol
Cult member at rock bottom lol

Imagine what those hands are attached to lol

Your hips if you bend over.

[clambake]

Post that picture again,seacow

[clambake]

Post that picture again,seacow

[clambake]

Chop chop