Zkribbler
Deity
Yes. Trump has declared a 30-day travel
Trump "clarified" -- cargo not affected
Futures market takes another 1000 point plunge.
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Dow Jones Crashed this Week, Historical Decline
- Thread starter tuckerkao
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Trump "clarified" -- cargo not affected
Futures market takes another 1000 point plunge.
Well, I guess the longest bull market in history has ended. Thanks Donald.
Woops, good catch!
It is "suspended until further notice", not canceled.
Perhaps after daily screening, the players can do games without fans?
But we are still struggling to get enough test kits.
Estebonrober
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Woops, good catch!
It is "suspended until further notice", not canceled.
Perhaps after daily screening, the players can do games without fans?
But we are still struggling to get enough test kits.
Thanks Obama!
Socrates99
Bottoms up!
Lol, that was pretty impressive. Blaming Obama for the response to a disease that didn't exist yet.
Where's the Trump translators who always explain "what he really meant was..."?
Estebonrober
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Wasn't the half point drop last week in US rates actually caused by a freeze up of credit between banks overnight or something? I mean we really are staring over a precipice at this moment on the economic front.
No. The half point cut was the Fed bowing to Trump. All it did was push the market further down. Interest rates will not affect our situation.
Socrates99
Bottoms up!
Saudi Arabia is trying to flood EU market with 25$ oil, offering unprecedented discounts and probably tapping its strategic reserves.
https://www.bloomberg.com/news/arti...barrel-saudi-arabian-oil-is-headed-for-europe
Russian oil producers expected to remain profitable with oil price as low as 15$. The country's fiscal system, developed infrastructure as well as flexible ruble exchange rate will help them to remain operational. But at extreme low prices this becomes an endurance contest for both nations economies.
https://www.bloomberg.com/news/arti...ers-are-ready-to-survive-flood-of-saudi-crude
If trade war continues, the USA may need to save their shale oil companies from bankruptcy too.
https://www.bloomberg.com/news/arti...barrel-saudi-arabian-oil-is-headed-for-europe
Russian oil producers expected to remain profitable with oil price as low as 15$. The country's fiscal system, developed infrastructure as well as flexible ruble exchange rate will help them to remain operational. But at extreme low prices this becomes an endurance contest for both nations economies.
https://www.bloomberg.com/news/arti...ers-are-ready-to-survive-flood-of-saudi-crude
If trade war continues, the USA may need to save their shale oil companies from bankruptcy too.
civvver
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It's weird cus demand is going to be weak due to people not traveling, even their daily commutes. Who's going to take advantage of this cheap oil?
I'm just glad I don't retire for 30 years. I wish I was smart enough to have somehow moved all my 401k to cash last week and then back to stocks this week but that's nearly impossible since re-balances are never same day. At best they are next day. Can't day trade in your 401k.
I'm just glad I don't retire for 30 years. I wish I was smart enough to have somehow moved all my 401k to cash last week and then back to stocks this week but that's nearly impossible since re-balances are never same day. At best they are next day. Can't day trade in your 401k.
TheMeInTeam
If A implies B...
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That's always how it goes though. If you knew for sure what the market would do you could beat it for a lot of money. Anybody who has traded ever would like to possess that ability!
amadeus
Apply directly to the forehead
How long can you keep it in a barrel for? Buy up as much as you can and stockpile it for when the Russians or Saudis or anyone want $50 again.
And by buying up I mean any company that would have the resources to do so. Individually purchasing a barrel of oil probably doesn’t do much.
hobbsyoyo
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The media needs to take a strong anti-BS stance.
Socrates99
Bottoms up!
Government legally can't so fact checks are critical. Even more importantly the "heres both sides equally, I dont know who's right" needs to go the way of the dinosaurs.
Timsup2nothin
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Storage is an expense. You have to judge whether the cost of construction will be made back in periods of rising prices, and you always run the risk that you will be caught in times of dropping prices and compound the expense.
Which is why this isn't actually weird Civver. Demand is weak, and stockpiles are high. A price war now basically punishes stockpilers, which producers don't like anyway. It also allows for maintaining the low price that hurts the opposition with a minimum of dipping into the Saudi's own reserves. If you try a pricewar during a period of high demand you wind up selling off a whole lot more product, filling up storage, and hurting yourself worse. The Saudi's have wanted to do this for a long time and are just taking the opportunity at the point of greatest advantage.
Buying oil/fuel futures is one path to taking advantage of the current market. That is the kind of play that airlines can use to reduce future costs. I personally would stay away.
Timsup2nothin
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Not exactly. Buying or selling futures now is as unpredictable as ever. Buying futures in the previous few months would have bankrupted most people. Selling futures over the past few months would have produced tremendous profits, but who really anticipated this?
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