Crude oil at $2.30 / barrel

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04-20-2020, 10:25 AM

#11

Flyby1206

SDQ Base Chief

Joined APC: Mar 2006

Position: 320 CA

Posts: 5,588

Quote:

Originally Posted by Andy

This is going to cause a lot rich middle eastern sovereign wealth funds to liquidate a decent chunk of their stock, bond, and real estate holdings in order to raise cash.

And likely cause some defaults/BK in the oil industry

04-20-2020, 10:26 AM

#12

copy

Gets Weekends Off

Joined APC: Mar 2020

Posts: 537

Oil is now negative.

04-20-2020, 10:26 AM

#13

Twin Wasp

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Joined APC: Oct 2007

Position: Sr. VP of button pushing

Posts: 2,730

Forget TP, get a couple 55 gallon drums and get the rest of your gas for this year up now!

04-20-2020, 10:40 AM

#14

Mesabah

:-)

Joined APC: Feb 2007

Posts: 7,339

Showing -$55 now, market completely broken.

04-20-2020, 10:52 AM

#15

FL370esq

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Joined APC: Jun 2015

Posts: 3,117

Quote:

Originally Posted by Mesabah

Showing -$55 now, market completely broken.

It was the Dukes!!

04-20-2020, 10:54 AM

#16

Dorp

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Joined APC: Mar 2016

Posts: 132

Oil.exe has stopped working

04-20-2020, 10:56 AM

#17

Andy

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Joined APC: Mar 2006

Position: guppy CA

Posts: 5,160

Quote:

Originally Posted by Flyby1206

And likely cause some defaults/BK in the oil industry

This won't be limited to the oil patch. Everything's too interconnected.

04-20-2020, 10:56 AM

#18

terks43

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Joined APC: Oct 2017

Posts: 921

Quote:

Originally Posted by Twin Wasp

Forget TP, get a couple 55 gallon drums and get the rest of your gas for this year up now!

*life

filler

04-20-2020, 11:02 AM

#19

FNGFO

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Joined APC: Jan 2018

Posts: 1,788

So should I go ahead and pick up some shoulder pads, studded leather chaps and vest, a freshly repoed Raptor and cruise West Texas waiting for the apocalypse?