Oil is going to get wacky on Monday...
https://www.bloomberg.com/news/articles/2020-03-07/saudis-plan-big-oil-output-hike-beginning-all-out-price-war?srnd=premium
Expect some bloodied shale oil companies...
Comments
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Sounds worse than peak oil
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Didn’t we run out of oil already?
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Oil down, gold up.
Saudis can go to like $4/bbl and still be solvent.
Squeeze Putin’s nuts
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The Throbber has run out of baby oil once or twice. Not good.CuntWaffle said:Didn’t we run out of oil already?
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Saudis budgeted based on $65 crude. Russians based on $45 and they have a rainy day fund. Saudi’s cost to produce is a lot less though which is why they are like ‘fuck it...crash it then until you come back to the table’.PurpleThrobber said:Oil down, gold up.
Saudis can go to like $4/bbl and still be solvent.
Squeeze Putin’s nuts
Russia started this with OPEC+...they are pissed about Nord2 and trying to fuck with us (shale). Actual election interference...
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It's obvious we need to ban fracking and get oil back to $130 a barrel and phu*ck over the American working man and stuff the pockets of Putin and the Saudis.
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We can't drill our way to lower oil prices.WestlinnDuck said:It's obvious we need to ban fracking and get oil back to $130 a barrel and phu*ck over the American working man and stuff the pockets of Putin and the Saudis.
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Really all you need to know about leftards. The law of supply and demand is as inflexible as the law of gravity. But leftards believe in magic unicorn farts and fairy dust. You just need to spend tens of thousands of dollars on tuition at an exclusive private college and then learn the "new" economics that will power the nude green eel.
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I thought shale production was shut down already, price to low?
Cheap oil is good and better if it Congress from overseas! Save ours. -
Yes. They budgeted but I’m talking strictly cost of production. The Saudis have virtually zip. Their CAPEX expenditures were years ago paid off. Putin has to keep his oil ponzi going at a higher BEP.HoustonHusky said:
Saudis budgeted based on $65 crude. Russians based on $45 and they have a rainy day fund. Saudi’s cost to produce is a lot less though which is why they are like ‘fuck it...crash it then until you come back to the table’.PurpleThrobber said:Oil down, gold up.
Saudis can go to like $4/bbl and still be solvent.
Squeeze Putin’s nuts
Russia started this with OPEC+...they are pissed about Nord2 and trying to fuck with us (shale). Actual election interference...
Or he is fucked.
Squeeze the balls. -
But all the so-called smart people are telling me that Putin prefers Trump who loves fracking over some dem green gaia religionist that promises to shut down fracking and jail US oil executives.
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Because the Saudis and Putin love the guy who helped make the us the biggest oil importer
Fuckin baze -
I don’t think Putin cares who wins. The ruskies just want to sow discord and make us look bad. But it doesn’t get much more pro Putin than the GND.WestlinnDuck said:But all the so-called smart people are telling me that Putin prefers Trump who loves fracking over some dem green gaia religionist that promises to shut down fracking and jail US oil executives.
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Actually, I think Putin does care who wins and was happy to provide a bunch of fake sh*t to Steele, who was happy to give the fake sh*t to the dems and the MSM and the FBI, DOJ and the intelligence agencies who were happy to open a fake sh*t investigation of Trump to damage him and the republicans. I think Putin thought that PIPS would win and was happy to sow discord. When PIPS lost, the leftards went ape sh*t and were happy to pull for Putin and root for the away team. You don't think the chicoms would love to deal with pro-chicom Biden? Once a Biden is bought, he stays bought.
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Apparently the Saudi's can.MikeDamone said:
We can't drill our way to lower oil prices.WestlinnDuck said:It's obvious we need to ban fracking and get oil back to $130 a barrel and phu*ck over the American working man and stuff the pockets of Putin and the Saudis.
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So did we. Despite Obama’s declaration.topdawgnc said:
Apparently the Saudi's can.MikeDamone said:
We can't drill our way to lower oil prices.WestlinnDuck said:It's obvious we need to ban fracking and get oil back to $130 a barrel and phu*ck over the American working man and stuff the pockets of Putin and the Saudis.
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One other conspiracy take on it...with Iran economy a wreck and Coronavirus running rampant there the Saudis are trying this in an effort to tip over the govt there.
Not sure I buy that one, but this is going to make life rough on them, esp with their main benefactors in Russia and China also impacted with events. -
I don't think that's a conspiracy theory. That's a given strategy.HoustonHusky said:One other conspiracy take on it...with Iran economy a wreck and Coronavirus running rampant there the Saudis are trying this in an effort to tip over the govt there.
Not sure I buy that one, but this is going to make life rough on them, esp with their main benefactors in Russia and China also impacted with events.
Now, the conspiracy question is whether US money is behind that Putin ball squeeze operation.
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I think Putin is old and desperate and worried about being usurped.
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Putin is a lot of bad things, but he’s been financially sound with Russia. I guess if you have Aspergers and are nailing a 20-some Russian ballerina you don’t feel the need to spend like a rapper like most dictators and Middle Eastern nutjobs do...
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YKW.HoustonHusky said:Putin is a lot of bad things, but he’s been financially sound with Russia. I guess if you have Aspergers and are nailing a 20-some Russian ballerina you don’t feel the need to spend like a rapper like most dictators and Middle Eastern nutjobs do...
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Have you seen his billion dollar Black Sea estate?HoustonHusky said:Putin is a lot of bad things, but he’s been financially sound with Russia. I guess if you have Aspergers and are nailing a 20-some Russian ballerina you don’t feel the need to spend like a rapper like most dictators and Middle Eastern nutjobs do...
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He needs more tim to get his gas attacks in there.GDS said:
Have you seen his billion dollar Black Sea estate?HoustonHusky said:Putin is a lot of bad things, but he’s been financially sound with Russia. I guess if you have Aspergers and are nailing a 20-some Russian ballerina you don’t feel the need to spend like a rapper like most dictators and Middle Eastern nutjobs do...
Just what I'm hearing, don't twist. -
@HoustonHusky has his reads down.HoustonHusky said:One other conspiracy take on it...with Iran economy a wreck and Coronavirus running rampant there the Saudis are trying this in an effort to tip over the govt there.
Not sure I buy that one, but this is going to make life rough on them, esp with their main benefactors in Russia and China also impacted with events. -
Once you go black gold, you never go back.TurdBomber said:
@HoustonHusky has his reads down.HoustonHusky said:One other conspiracy take on it...with Iran economy a wreck and Coronavirus running rampant there the Saudis are trying this in an effort to tip over the govt there.
Not sure I buy that one, but this is going to make life rough on them, esp with their main benefactors in Russia and China also impacted with events.
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Which part was fake?WestlinnDuck said:Actually, I think Putin does care who wins and was happy to provide a bunch of fake sh*t to Steele, who was happy to give the fake sh*t to the dems and the MSM and the FBI, DOJ and the intelligence agencies who were happy to open a fake sh*t investigation of Trump to damage him and the republicans. I think Putin thought that PIPS would win and was happy to sow discord. When PIPS lost, the leftards went ape sh*t and were happy to pull for Putin and root for the away team. You don't think the chicoms would love to deal with pro-chicom Biden? Once a Biden is bought, he stays bought.
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STFU and go crawl back under your rock, lying Pedophile.GDS said:
Have you seen his billion dollar Black Sea estate?HoustonHusky said:Putin is a lot of bad things, but he’s been financially sound with Russia. I guess if you have Aspergers and are nailing a 20-some Russian ballerina you don’t feel the need to spend like a rapper like most dictators and Middle Eastern nutjobs do...
Nobody needs to see any more lies and bullshit from your hysterical weak mind, you POS. -
Yeah take the time to tell Owl which parts are fake. Something that's been done for him numerous times, so that he can then run and hide like a bitch only to pop up here a few weeks later to ask this very same bullshit question.HustlinOwl said:
Which part was fake?WestlinnDuck said:Actually, I think Putin does care who wins and was happy to provide a bunch of fake sh*t to Steele, who was happy to give the fake sh*t to the dems and the MSM and the FBI, DOJ and the intelligence agencies who were happy to open a fake sh*t investigation of Trump to damage him and the republicans. I think Putin thought that PIPS would win and was happy to sow discord. When PIPS lost, the leftards went ape sh*t and were happy to pull for Putin and root for the away team. You don't think the chicoms would love to deal with pro-chicom Biden? Once a Biden is bought, he stays bought.
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No it hasn't. That's a lie.SFGbob said:
Yeah take the time to tell Owl which parts are fake. Something that's been done for him numerous times, so that he can then run and hide like a bitch only to pop up here a few weeks later to ask this very same bullshit question.HustlinOwl said:
Which part was fake?WestlinnDuck said:Actually, I think Putin does care who wins and was happy to provide a bunch of fake sh*t to Steele, who was happy to give the fake sh*t to the dems and the MSM and the FBI, DOJ and the intelligence agencies who were happy to open a fake sh*t investigation of Trump to damage him and the republicans. I think Putin thought that PIPS would win and was happy to sow discord. When PIPS lost, the leftards went ape sh*t and were happy to pull for Putin and root for the away team. You don't think the chicoms would love to deal with pro-chicom Biden? Once a Biden is bought, he stays bought.
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Iran hit hardest as oil price war, cornavirus cripples nation
https://www.foxnews.com/world/iran-oil-price-war-coronavirus-outbreak
