The june contract will crash soon, don't you guys worry.
The june contract will crash soon, don't you guys worry.
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Well on a positive note it seems that canadian oil and gas stocks are still worth something, they dont seem to be crashing along with the oil price.
Also how low can refined gas go? will we see 25c gas at the pumps?
I think there is 30c/L in tax alone, so that is basically impossible.
$4.16 per barrel.
Soooo, do we start worrying about people jumping out of buildings downtown (if there's anyone left there anyway)?
Edit 2 minutes later, $3.04
"Masked Bandit is a gateway drug for frugal spending." - Unknown303
Looks like China is the one winning from all this. I hear they are expediting all of their storage projects so that they can take advantage of these cheap prices.
<tinfoil hat>Maybe it was their plan all along? Create the virus in their lab, unleash in Wuhan, sacrifice a few of their citizens so they can save massive $ on oil imports. Take out a few americans at the same time to build resentment against DT to destabilize the US further. Perfect plan.</tinfoil hat>
Looks like oil could be $0 by this afternoon - unsure if WTI can go negative.
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If they can build a hospital in 3 days Im sure they could build some sort of storage tank quite fast too.This quote is hidden because you are ignoring this member. Show Quote
Assuming WTI can't go negative is now the time to go long on some triple long ETFs? Hmmmm.This quote is hidden because you are ignoring this member. Show Quote
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I was thinking heavy on some call optionsThis quote is hidden because you are ignoring this member. Show Quote
-$17/bbl ... we can go negative! Not sure sure about the triple long ETFs anymore
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So uh, that inglewood pool that city tried to close..... it's close to the track isn't it? Can't we turn that into storage facility and get CoC some revenue?