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10-05-21 01:21 PM #1
Why does OIL keep going higher?
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10-05-21 01:22 PM #2
nobody knows could go to 100
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10-09-21 11:13 AM #3
Last OIL closing price $24.13. Gotta watch it from here.
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10-09-21 11:17 AM #4Forever in Debt to your Priceless Advice
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speculation
production cuts
supply chain issues
just to name 3 reasons
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10-09-21 11:59 AM #5
Same reason other commodities go up. Corn goes up when there is less supply and more demand for the product. This is Economics 101 at your local college. Go take a class.
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10-09-21 12:08 PM #6
$200 calls out there for December 2023.
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10-09-21 12:14 PM #7Forever in Debt to your Priceless Advice
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Where would you trade those commodity optima at pal?
Originally Posted by newton0038
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10-09-21 12:31 PM #8
Get a little fruity hybrid Prius and save money at the pumps. My sister has one and loves it. They run forever. Toyota engineering very reliable. Gutless tin cans though that I could never own or drive. I've been in them, solid rides for the most part and affordable. Get like 50 miles to the gallon.
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10-09-21 12:36 PM #9
because collusion and corruption are the American way.
uncontrolled markets are the playthings of conspirators at the true helm of financial hegemony.
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10-09-21 12:40 PM #10Forever in Debt to your Priceless Advice
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We don't serve fried chicken and watermelon in my mess hall private Snowball Originally Posted by Snowball
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10-09-21 12:41 PM #11
Finally, Someone gets it. Originally Posted by Snowball
just ask yourself...who controls oil in the US? Who stands to benefit the most politically if oil prices are higher.
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10-09-21 12:53 PM #12
Thank God Trump is out of office. He almost killed the Oil business. He had to go. Originally Posted by trobin31
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10-09-21 12:58 PM #13
Fake news. Originally Posted by Mac4Lyfe
Thank God Trump is out of office. He almost killed the Oil business. He had to go.
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10-09-21 12:59 PM #14
I remember last year some of the Texas oil contracts were going for negative prices meaning that the producer has to pay for shipping and get paid nothing to move his oil due to Trump's policies where he thought if oil is $10 a barrell it will be good for the economy. Originally Posted by Mac4Lyfe
Thank God Trump is out of office. He almost killed the Oil business. He had to go.
Points Awarded:
Mac4Lyfe gave pavyracer 1 Betpoint(s) for this post.
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10-09-21 01:01 PM #15
Inflation goes very high under Dems
Too much spending
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10-09-21 01:13 PM #16
Okay Jibbby. Keep your head in the sand. I think I know my business more than you do. Originally Posted by JIBBBY
Fake news.
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10-09-21 01:15 PM #17
I'd love for interest rates to go up. Would be nice to get 16.5% on a CD like when Reagan was in office. Originally Posted by jjgold
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10-09-21 01:19 PM #18
Energy industry about to blow up under Biden. Most people in the industry are extremely excited for what lies ahead. Companies are printing money again.
While Jibbby cries about filling up his Miata.
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10-09-21 02:32 PM #19
Not sure about that business comment of yours. I'm retired bud. Self made millionaire and proud to say that. I got a little business sense about me.. Originally Posted by Mac4Lyfe
Trump had it right, your boy dementia Joe Biden is killing the oil industry and our border security.
Joe Biden is a mess and can't get anything right.
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10-09-21 02:34 PM #20Forever in Debt to your Priceless Advice
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Pal Originally Posted by JIBBBY
Oil is up EVERYWHERE
To look only at the US is incredibly dumb and short slighted
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10-09-21 02:37 PM #21
I don't ever remember paying $5.00 a gallon at Chevron to fill up here in Santa Monica, California. I live in the real world Landers and call it as I see it.. Originally Posted by Brock Landers
Under Trump it was cheaper bottom line.
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10-09-21 02:47 PM #22Forever in Debt to your Priceless Advice
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Are you dumb? Originally Posted by JIBBBY
The covid shutdown made oil prices crash, ONLY reason.
Trump LOL
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10-09-21 02:53 PM #23
Originally Posted by Brock Landers
Landers, liberals always find an excuse for their failures. Stop it. Covid has been going for over a year. Trump was dealing with it and oil prices at the pumps weren't going up then. Trump wasn't canceling pipe lines like Biden is now either.
Trump made America energy independent and Biden is begging OPEC to supply us oil now.
This link is from your CNN news, read and learn before posting.. https://www.cnn.com/2021/08/13/busin...pec/index.html
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10-09-21 02:57 PM #24
It's all manipulated by contracts. Big Finance houses collude and conspire to maximize profit separated from all reason Originally Posted by Brock Landers
and the excuses in both directions are parroted by their sycophants in the press. Natural Gas is not worth 7x what it was
a matter of months ago based on economy. Oil was not worth $150 barrell or $0 a barrell ever based on economic principles.
Just like "peak oil" was propaganda, so was the Covid crash. These are all done intentionally by a tiny group behind the scenes.
Understand when Oil was over $100, gas cost like 3 cents a gallon in Iraq. Gas was basically free of charge in Libya under Ghaddafi.
Right NOW gas costs 15 cents per gallon in Venezuela. This is why the NWO wages war against independent countries who refuse to sell out. Chavez was demonized for giving free oil to Massachusetts poor residents.
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10-09-21 03:00 PM #25Forever in Debt to your Priceless Advice
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mostly true Private. Originally Posted by Snowball
But, there was NO DEMAND in March-May 2020, thats why price was where it was
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10-09-21 03:01 PM #26
Oh boy.
Jibs. The price of oil in 2020 was down because there was too much supply and not enough demand due to covid shutdown.
Now it’s a convergence of multiple factors causing prices to go up. Now we have a ton of printed money, inflation, a ton of cash, ton of demand, and OPEC not kicking up the production (ie not increasing the supply) as we have asked them to. OPEC refuses to kick up production because OPEC producers need to make up for the lost profits when price and demand were low last yr.Last edited by grease lightnin; 10-09-21 at 03:08 PM.
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10-09-21 03:04 PM #27
Originally Posted by Snowball
Keynesians have always said that inflation is not the problem, debt is not the problem. They have always said that lack of aggregate demand is the economic problem that needs to be dealt with by policy makers.
The M2 is up over 40% since this started and look at what we have now. Low supply, shitloads of cash and demand, and….. inflationLast edited by grease lightnin; 10-09-21 at 03:13 PM.
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10-09-21 03:04 PM #28
^ If Trump was re-elected I'd bet the house OIL PRICES would still be way down today. End of story. You guys can spin this crap all you want.
Joe Biden and his green new deal administration blew up oil prices here in America with policy. It's only gonna get worse in time. FACT!!
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10-09-21 03:08 PM #29
No, it was driven to basically zero. That is a perversion of demand. It was manipulated by contracts Originally Posted by Brock Landers
so that the profit could be exponentially increased. It should have still been worth 30's. You know these same people
who control the financial world loaded airline puts just days before 9.11
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10-09-21 03:10 PM #30
Originally Posted by JIBBBY
Maybe a little bit with not shutting down pipelines and whatnot.
But the price of oil was going up either way just like everything else
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10-09-21 03:16 PM #31
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10-09-21 03:18 PM #32
Any "low supply" is all contrived. Not only by the Saudis who are puppets of London and Tel Aviv, but by American and Canadian -- and European drillers who lowered their rig counts intentionally over the last 6-9 months all to drive up prices so that their contracts could pay off obscene amounts of cash. There is also an effort to make carbon fuels more costly to prop up the "green" projects. Nothing is connected with economics -- it is all a conspiracy to enslave governments and their citizens. Originally Posted by grease lightnin
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10-09-21 03:20 PM #33Forever in Debt to your Priceless Advice
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This is all predictable!
Jesus Christ open your eyes
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10-09-21 03:24 PM #34
Originally Posted by Brock Landers
Hahaaha
Where do we go from here ?
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10-09-21 03:27 PM #35
Well according to the far left today we all must get electric cars!! Avoid going to the gas stations and start going to the electric stations. Originally Posted by grease lightnin
GREEN NEW DEAL!! Time to drive all our oil/gas driven cars off a cliff and take the loss.
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