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Oil Price Crash Below $0

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Pepe
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22 Apr 2020, 8:54 pm

Magna wrote:
I saw a meme recently that said something like: "The low price of gas right now is like a hairbrush to a bald man." The meaning being that people aren't driving as much so we can't take advantage of the low gas prices.

I think I've driven 20 miles in the last five weeks.


But, but, but,
Governments are taking advantage and are buying up big, Australia included. :wink:



Darmok
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25 Apr 2020, 4:08 am

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vermontsavant
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25 Apr 2020, 6:47 am

I haven't seen gas below a $ since the mid nineties


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QuantumChemist
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25 Apr 2020, 9:53 am

The oil market has a new problem, it is almost out of storage for surplus oil. It may lead to many oil companies going out of business if they cannot sell their oil fast enough to raise needed cash.

https://www.marketwatch.com/story/the-o ... 2020-04-21

This oil issue may hurt the stock market recovery just when the virus quarantine period comes to a gradual end.

https://www.marketwatch.com/story/could ... 2020-04-25



collectoritis
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25 Apr 2020, 6:12 pm

https://www.youtube.com/watch?v=2LrHxbvL8_w

In JR we trust :lol: