WTF IS Going On????????? OIl Down 9 Dollars A Barrel Right Now

**Kermit** · 03-08-20, 05:23 PM

Thanks Obama.

**jjgold** · 03-08-20, 05:25 PM

**veriableodds** · 03-08-20, 05:31 PM

Supply and demand. Guessing 30/50 states burried in from snow, less hours worked for most in winter, Who wants to get in accident driving down street to get a 12lv pack, You know this so when i shop i buy 3 cases so i dont have to risk my life as much.

**asiagambler** · 03-08-20, 05:32 PM

Saudis and Russians playing chicken

**Bostongambler** · 03-08-20, 05:34 PM

Dropping further

**jjgold** · 03-08-20, 05:37 PM

This is amazing

People trading this stuff might jump off buildings

**KVB** · 03-08-20, 05:42 PM

OPEC-Russian WAR!!!!!!

Production cut agreements expiring. Global demand expectations down, some virus related, and Russian and Opec can produce like crazy now.

Could be cheap oil all year long, while Cali will still have gouging gas prices...lol.

**gojetsgomoxies** · 03-08-20, 05:44 PM

russians want to kill the american frackers...

on frackers, decline rates are high so it's hard to raise capital.. in theory, the companies, under chapter 11, and/or the equipment will live on..also, some big companies into fracking now and they won't go away so easily. hopefully, "peak fracking" theories are correct.

**KVB** · 03-08-20, 05:47 PM

Yep, fracking on the minds of Russian during all this as well. They're taking advantage of the expiring cuts.

It's a price war, baby! During the coronavirus nonetheless.

Unreal market response.

**clockwise1965** · 03-08-20, 06:02 PM

That's the million dollar question. Oil prices dropping like there is no tomorrow. Gas prices about the same price point. Price fixing at it's finest.

**byronbb** · 03-08-20, 06:05 PM

canadian dollar going to get hammered all our oil is high cost for extraction

**gojetsgomoxies** · 03-08-20, 06:11 PM

Originally posted by clockwise1965

That's the million dollar question. Oil prices dropping like there is no tomorrow. Gas prices about the same price point. Price fixing at it's finest.

there is a time lag between world oil prices and pump prices.... i think studies have shown they raise faster than they lower (like 4 weeks vs. 7 weeks....... or something like that)

**JIBBBY** · 03-08-20, 06:14 PM

I like that

... I'm tired of paying $3 - $4 a gallon here in So Cal..

**clockwise1965** · 03-08-20, 06:23 PM

Originally posted by gojetsgomoxies

there is a time lag between world oil prices and pump prices.... i think studies have shown they raise faster than they lower (like 4 weeks vs. 7 weeks....... or something like that)

I agree and your point is well taken. Oil prices have gradually been in the decline now for several weeks.

Gas prices have really not declined relative to the decline of oil prices.

**DoctorStrong** · 03-08-20, 06:51 PM

Dow futures down 1,050 points wow

**KVB** · 03-08-20, 06:55 PM

Originally posted by clockwise1965

I agree and your point is well taken. Oil prices have gradually been in the decline now for several weeks.

Gas prices have really not declined relative to the decline of oil prices.

Right, but still, as the nation averages less than 2 bucks a gallon California will be like 3.20.

When JJGold sees 1.50, I'll be seeing 2.85 if I'm lucky.

(even though it's not funny...lol)

**Mr KLC** · 03-08-20, 07:02 PM

We're $1.99 and dropping in Tennessee now.

**jjgold** · 03-08-20, 07:11 PM

This is great

I hope oil goes to $5 a barrel

**sweep** · 03-08-20, 07:17 PM

Opie had a good run, fukk him

**hostile takeover** · 03-08-20, 07:25 PM

Gas may drop a little, but please don't think it's going to plummet like oil.

Doesn't work like that

**ThaTopMoron** · 03-08-20, 07:31 PM

Originally posted by jjgold

$32

Gas will be like $1.50

good, ill start making more drives slightly into Pennslyvania so i can take advantage of the nice FanDual offers...boosts... all that

**JIBBBY** · 03-08-20, 07:41 PM

Originally posted by jjgold

This is great

I hope oil goes to $5 a barrel

I'll buy a V10 gas gussler roadster again if that happens..

..

**jjgold** · 03-08-20, 08:48 PM

It’s really not a bad thing for the economy oil company oil Companies will go bankrupt though

**Bostongambler** · 03-08-20, 09:00 PM

Naw they won’t

**jjgold** · 03-08-20, 10:11 PM

Down $11 now

**pilebuck13** · 03-08-20, 10:29 PM

3.99 a gallon in Seattle

**nyplayer33** · 03-08-20, 10:30 PM

Dow jones will be 20k in no time

**pilebuck13** · 03-08-20, 10:34 PM

30.51

**goduke** · 03-09-20, 12:45 AM

JJ just says nothing about this being a presidential issue. If this was Obama he would rant and rave about the virus and everything else being Obama’s fault. Now? Crickets.......hypocrisy at SBR. Make up reasons for one president(when it’s not his fault) but then suddenly realize it’s not the presidents fault when it fits his storyline. That’s why he’s pretty much an ignorant deadbeat guy who is SBRs puppet and lets the words he hears on tv manipulate him. Mow your lawns and collect your little SBR checks. Real American dream that trump is helping you with.

**sweethook** · 03-09-20, 02:15 AM

shows how they robbed us when it was $100 . there dirty sobs

**Enkhbat** · 03-09-20, 02:22 AM

Do you still think coronavirus is a joke? lol

Saudis are morons to ramp up the oil production.

**flyingillini** · 03-09-20, 04:36 AM

JJ, text me on Whatsapp, I am in Lockdown now in Vietnam. I can't leave my apartment.

**flyingillini** · 03-09-20, 04:37 AM

Originally posted by nyplayer33

Dow jones will be 20k in no time

12,000 is my target. I lost over 200k last week as well as being locked down in my apartment in Vietnam.

**jjgold** · 03-09-20, 05:24 AM

Today might be the worst day of all times

We are nervous