Domain: tiger-web1.srvr.media3.us Oil deal done | Page 2 | Political Talk
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re: Oil deal done

Posted on 4/12/20 at 3:43 pm to
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 4/12/20 at 3:43 pm to
quote:


Truck nutts

[on]
off



Priced in
Posted by Bulldogblitz
In my house
Member since Dec 2018
28160 posts
Posted on 4/12/20 at 3:44 pm to
quote:

guess I should fill up soon.


Stations probably started raising already
Posted by Hooligan's Ghost
Member since Jul 2013
5673 posts
Posted on 4/12/20 at 3:44 pm to
turn the spicket to the right
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
65672 posts
Posted on 4/12/20 at 3:48 pm to
quote:

Shame hopefully gas stays low


Now comes the fun. Taxes are no doubt going to go up everywhere as states and cities are reeling. Taxes at the pump will go up. And dummies will think it's the oil companies.
Posted by Sput
Member since Mar 2020
9130 posts
Posted on 4/12/20 at 4:07 pm to
quote:

Glad I bought MRO and APA earlier.


MRO is a damn good play, but APA is gonna wipe out all your gains. You better dump that bitch as soon as the market opens on the bump.
Posted by CleverUserName
Member since Oct 2016
16972 posts
Posted on 4/12/20 at 4:21 pm to
Well I can’t wait to see my Halliburton stock rocket to the moon Monday in premarket
Posted by TigahTeeth
Georgia
Member since Feb 2016
6320 posts
Posted on 4/12/20 at 4:22 pm to
Trump was the main cog in getting this deal done! He is not only great for America, but the world alike!


HE CANT KEEP GETTING AWAY WITH THIS!!!

MAGA, Demshits!
Posted by EulerRules
Member since Dec 2019
2037 posts
Posted on 4/12/20 at 4:27 pm to
pizzathehut
"Thought price fixing and all that $hit was illegal.....jus sain"
They aren't fixing the price; they are fixing how much they will decrease production, in order to get the price up.
Posted by pizzathehut
west monroe
Member since Jul 2016
1282 posts
Posted on 4/12/20 at 5:09 pm to
Just changing the equations.....still government picking the winners and losers
Posted by MexicanTiger97
Member since May 2018
998 posts
Posted on 4/12/20 at 5:11 pm to
quote:

Shame hopefully gas stays low


Are you just letting your car idle in the driveway?
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 4/12/20 at 5:24 pm to
quote:

This will save hundreds of thousands of energy jobs in the United States.


Prices going back to $60-65?

I'll be interested to see where pricing settles tomorrow, but in order to save jobs, especially in the shale world it's going to have to have, at the very least, a 4 handle to start and I'm not sure it can get there considering the world wide demand collapse/economic decline.

Right now as world markets open WTI is -$0.34 and Brent is -$0.09. Kind of a "meh" from the market so far, but Monday US will be more interesting.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 4/12/20 at 5:26 pm to
quote:

Glad I bought MRO and APA earlier.


Posted by cwill
Member since Jan 2005
54755 posts
Posted on 4/12/20 at 5:29 pm to
quote:

Well I can’t wait to see my Halliburton stock rocket to the moon Monday in premarket


Going to be waiting quite awhile.
Posted by GeauxFightingTigers1
Member since Oct 2016
12574 posts
Posted on 4/12/20 at 6:37 pm to
Looks like the gains have been wiped out, getting a $22 print for WTI. More or less back to the Orange Man's stick save tweets. As I mentioned, they'll probably have to cut significantly more... like 10s of million of barrels - that isn't going to happen.

I guess the Fed could buy oil, and burn it off in a fire pit. LOL


quote:

"The Cut Is Just 4.3MMbpd"- Goldman Throws Up Over OPEC+ Deal, Sees Oil Dropping Back To $20


LINK
This post was edited on 4/12/20 at 6:38 pm
Posted by TBoy
Kalamazoo
Member since Dec 2007
28012 posts
Posted on 4/12/20 at 6:39 pm to
quote:

I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!


So we are no longer involved in major international deals of this kind?
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 4/12/20 at 7:34 pm to
quote:

So we are no longer involved in major international deals of this kind?


US oil production is not a state enterprise, while we have affected the market we’ve never exercised control like OPEC+.
Posted by davidlsu
Member since Jan 2008
2958 posts
Posted on 4/12/20 at 7:38 pm to
Nm
This post was edited on 4/12/20 at 7:47 pm
Posted by Lakeboy7
New Orleans
Member since Jul 2011
28324 posts
Posted on 4/12/20 at 7:47 pm to
(no message)
This post was edited on 2/2/21 at 2:27 am
Posted by Grimhorn
Texas
Member since Mar 2018
93 posts
Posted on 4/13/20 at 6:51 am to
Proration of production was done in 1973 by the Texas Railroad Commission...
Posted by reboil
Member since Feb 2010
495 posts
Posted on 4/13/20 at 6:59 am to
Trump taking credit for a reduction of less than half what demand is down. No way this would have happened if not for Trump...lol. The Russians and Saudis could give zero fricks about saving us oil jobs.

If the Orange man wants to actually do something to help then impose a tariff. He had no problem doing it on other goods.
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