marketwatch.com
OIL BTFO
HAPPENINGGGGG
Jack Gonzalez
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Colton Gonzalez
Oh wait biz is a coin board and doesn't care about the actual economy
Hunter King
pls drop to $20 so i can get rich off longing oil futures for the next decade
Aaron Rodriguez
Fuck Veeky Forums tbqfhwyf
Jackson Murphy
I own a offshore drilling company
Contrarian move but oil is not sustainable at this level. 30% comes from offshore which has a 50+ av. breakeven cost
Easton Turner
*own stock
Levi Kelly
what's your prediction of the oil price in the near and long term? will it be stuck between 40-60 for years?
Sebastian Foster
I could give you a story but truth is that I don't know. At current trends it will take a year to burn through global stockpiles which could mean 80+ prices again. But with the price around 40 again I hope there will be bankruptcies for companies in canada and high cost shale and probably seadrill(largest offshore driller). What I do know is that the price can't remain in the 40-50 range for longer than a year. They will have to return above 60 to sustain unconventional investment (which is at least but after that... who knows?..
Ian Long
All those gay single digit gains are just not interesting when there is a literal monetary revolution at hand that can offer upwards of 1000% gains.
Even just going into bitcoin and holding will outperform all these boring assets. If you think bitcoin wont hit 10000 at some point youre crazy.
Jack Jackson
Hey grandpa, you should buy more war bonds.