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Old 04-17-2016 | 03:09 PM
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Default OPEC No Deal

White Swans, white swans!
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Old 04-17-2016 | 04:27 PM
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Originally Posted by gzsg
White Swans, white swans!
It's not about supply anyway. Poor Saudi's might have to work for a living.
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Old 04-17-2016 | 06:55 PM
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oil 28 dollars

They should take 5 billion and lock the price and don't worry buying stocks back
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Old 04-17-2016 | 07:01 PM
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Originally Posted by Sniper66
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!
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Old 04-17-2016 | 07:32 PM
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Originally Posted by Sniper66
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.
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Old 04-18-2016 | 03:59 AM
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If it goes much lower or lasts much longer, the Russians will start a war. Their entire economy hinges on oil prices.
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Old 04-18-2016 | 10:45 AM
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Originally Posted by satchip
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
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Old 04-18-2016 | 11:01 AM
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Originally Posted by Sniper66
oil 28 dollars
Which explains why local gas stations have raised the price of fuel .20/gallon over the past 2 weeks...
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Old 04-18-2016 | 01:15 PM
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Originally Posted by MikeF16
Which explains why local gas stations have raised the price of fuel .20/gallon over the past 2 weeks...
"summer blend"
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