$30 barrel oil?

[Misterman]

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Not oil related but LNG plant in Quebec is in a tough position after it's main investor backs out.



They say it won't stop the project but... finding another investor now given our governments inability to do anything about the protests seems slim

https://www.cbc.ca/news/canada/montr...ject-1.5486517

As shitty as this is, I do at least like when crazy leftist policy blows up in their own faces.

[ZenOps]

You *could* blame leftists and Trudeau. But I will blame 50 years of the USA rewarding nothingness from its own population (or barrel of oil priced singular slices of avocado toast)

Ultimately a venture capitalist at the level of a billionaire pipeline funder will know whether something is a "good investment" or not. Is it a good tradeoff at avocado toast prices? I say absolutely not. I would like at least a bar sized refridgerator per barrel of oil, like the USA used to do back in the 1970's. The USA used to produce solid goods of real tangible worth, went distances to the moon, and created stunning and worthy Hollywood movies. Now - nothing.

Can I sell a barrel of oil, just so that I can buy NASA technology so that I can shoot a manned probe into the moon at mach 22 and have it turn into strawberry jam? Or a F-35 that spontaneously falls into the ocean? Very poor investment indeed. At this point in time, 60 solar panels at $60 and cellular networks that are ultrafast from China is what I want.

I'm not going to say that the USA sucks, but its definitely on that track. "Make America productive again"

[Misterman]

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You *could* blame leftists and Trudeau. But I will blame 50 years of the USA rewarding nothingness from its own population (or barrel of oil priced singular slices of avocado toast)

Ultimately a venture capitalist at the level of a billionaire pipeline funder will know whether something is a "good investment" or not. Is it a good tradeoff at avocado toast prices? I say absolutely not. I would like at least a bar sized refridgerator per barrel of oil, like the USA used to do back in the 1970's. The USA used to produce solid goods of real tangible worth, went distances to the moon, and created stunning and worthy Hollywood movies. Now - nothing.

Can I sell a barrel of oil, just so that I can buy NASA technology so that I can shoot a manned probe into the moon at mach 22 and have it turn into strawberry jam? Or a F-35 that spontaneously falls into the ocean? Very poor investment indeed. At this point in time, 60 solar panels at $60 and cellular networks that are ultrafast from China is what I want.

I'm not going to say that the USA sucks, but its definitely on that track. "Make America productive again"

Interesting outlook, so long as you completely ignore supply and demand. Fact of the matter is, the world needs oil(even if you think you don't despite what you do want being produced with petroleum products), and that demand is growing not shrinking. In any sense, it is irresponsible of a nation to NOT develop their resources. And the reason we are stopping to develop ours is strictly due to asinine leftist ideology that ignores all science and economic realities.

[ThePenIsMightier]

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Not oil related but LNG plant in Quebec is in a tough position after it's main investor backs out.



They say it won't stop the project but... finding another investor now given our governments inability to do anything about the protests seems slim

https://www.cbc.ca/news/canada/montr...ject-1.5486517

Just need a few $bill, Bro. It's still good.



https://imgur.com/r/thesimpsons/29mZcqc

Edit - ExtraSlow teaches a man to fish. Saves day.

[killramos]

If it the link doesn’t end in .gif it won’t work, even then not guaranteed to work

[never]

Some more oil sands positives from CNRL

https://www.cbc.ca/news/canada/calga...orts-1.5487353

[ExtraSlow]

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Just need a few $bill, Bro. It's still good.


https://imgur.com/r/thesimpsons/29mZcqc

Edit - ffs!! Why can I never embed GIFs anymore???!!?
It's right in there above the url you can all see with the magic [IMG] closed in with the following [/IMG] and that actually makes that url disappear when it's posted.
What in the actual fuck?!?

You need to download the file, those GIF websites give fuckky links on purpose so you can't hotlink, but a little right click and download and then upload to beyond is how you do that.

[ThePenIsMightier]

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You need to download the file...

Fixed!! I am now erect and ready to go to work!!

You must spread some Reputation around before giving it to ExtraSlow again

[The Cosworth]

Berkshire Hathaway Backs Away From Canadian Gas Project

https://stockmarketnews.today/2020/0...n-gas-project/

On one hand, this blows, but on the other hand. Fuck Quebec for this. Energy East is cancelled but they try and build a LNG project?

[bjstare]

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https://stockmarketnews.today/2020/0...n-gas-project/

On one hand, this blows, but on the other hand. Fuck Quebec for this. Energy East is cancelled but they try and build a LNG project?

Agreed... sucks to see more capital leaving (/avoiding) canada, but fuck the easterners.

[msommers]

Hopefully Goldboro can still be successful though.

[ZenOps]

A few weeks or a summer of Coronavirus will absolutely devastate carbon consumption. Its already having an effect on oversupply.

Kellogs ups its Pop-tart production, but SPAM factories are still at same speed. Gotta know when to fold 'em and when to run, Buffett knows the score.

Run screaming as fast as you can away from oil.

[msommers]

Buffet is loving the airline stock fire sale.

[roopi]

Oil price war coming:

https://www.bloomberg.com/amp/news/a...-off-price-war

[ExtraSlow]

Production cuts haven't worked. Price cuts are what's needed. It's going to get messy as hell.

[ExtraSlow]

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Production cuts haven't worked. Price cuts are what's needed. It's going to get messy as hell.

Companies that have been waiting for prices to rise are going to be gone within 12 months of today. As DRW says, merge or die.

[Darkane]

Gonna be brutal

[ExtraSlow]

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Gonna be brutal

A cleansing fire.

[Disoblige]

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Oil price war coming:

https://www.bloomberg.com/amp/news/a...-off-price-war

Bear oil ETFs still have room to run. Not all priced in yet.

[phreezee]

We're all fucked

https://www.marketscreener.com/LONDO...8/?countview=0

Earlier in the session, both contracts fell to their lowest since February 2016, with Brent down to $31.02 per barrel and WTI at $30.