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gzsg 04-17-2016 03:09 PM
OPEC No Deal
 
White Swans, white swans!

Hank Kingsley 04-17-2016 04:27 PM
Originally Posted by gzsg (Post 2111480)
White Swans, white swans!
It's not about supply anyway. Poor Saudi's might have to work for a living.

Sniper66 04-17-2016 06:55 PM
oil 28 dollars

They should take 5 billion and lock the price and don't worry buying stocks back

WhatNow 04-17-2016 07:01 PM
Originally Posted by Sniper66 (Post 2111626)
oil 28 dollars

They should take 5 billion and lock the price and don't worry buying stocks back
No one will sell you a hedge at 28 a barrel. Hedging is a bet. You have to find someone to bet with!

gzsg 04-17-2016 07:32 PM
Originally Posted by Sniper66 (Post 2111626)
oil 28 dollars

They should take 5 billion and lock the price and don't worry buying stocks back
I think they should wait until it is in the single digits.

When storage runs out.

Iran will not blink. I mean it's Iran right? They would rather die than look bad.

satchip 04-18-2016 03:59 AM
If it goes much lower or lasts much longer, the Russians will start a war. Their entire economy hinges on oil prices.

NuGuy 04-18-2016 10:45 AM
Originally Posted by satchip (Post 2111745)
If it goes much lower or lasts much longer, the Russians will start a war. Their entire economy hinges on oil prices.
Sort of like "Red Storm Rising", except because of a glut of oil versus a shortage.

Truth is stranger than fiction....

Nu

MikeF16 04-18-2016 11:01 AM
Originally Posted by Sniper66 (Post 2111626)
oil 28 dollars
Which explains why local gas stations have raised the price of fuel .20/gallon over the past 2 weeks... :eek:

Hoser 04-18-2016 01:15 PM
Originally Posted by MikeF16 (Post 2112074)
Which explains why local gas stations have raised the price of fuel .20/gallon over the past 2 weeks... :eek:
"summer blend" ;) :rolleyes:


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