OIL COLLAPSING

What happens to real estate prices in the tar sands and shale oil regions?

Trump drills oil

OPEC immediate regrets its decision

Trump freezes OPEC assets further underlining to them that globalism is dead and if they want to fight he’ll just finish it and seize all of their dollars. Nuking oil and making the ME a ghost town.

oh wow declining energy prices you mean the main input to cost of all goods is declining? so like the price of things will decrease? what a shame.

I guess now is the time for USG to refill the strategic petroleum reserve.

The value of commodities like oil is related to the value of the USD. The last time this happened Venezuela's economy completely collapsed

Everything is collapsing. Some anon just said his bank went bankrupt. Insiders on the darknet are talking about a 15% crash tomorrow. The dominoes are all falling down now.

someone is wasting a lot of money on this shill campaign. europeans are so stupid.

I'm seeing nothing on the FDIC failed bank list yet.

This is a good thing?
literally one of his executive orders

They really want to keep globalism alive. Which I hope America just goes isolationist and builds retarded amounts of nukes.

I hope it’s TD

trump didn't drill shit you retard

They wouldn’t update that shit for months. If you see anything on that list before the MSM covers it it’s a small collateral bank.

Globalism is already dead. Some people are in denial is all.

I don’t know if anon was larping or not, but if he wasn’t (felt like he was seething so not sure), then it’s going to be listed after they file. I’m guessing the market conditions in Asia right now are what caused his outburst.

I'm withdrawing my entire account tomorrow morning, if not possibly robbing the place too, depending on how fucked things get

I’m telling you what he could do in response to OPEC being retarded. He can just ask Putin to drill and sell it through China to flood the market even more, while he drills and sells even lower to SA to break OPEC up. Russia is already completely isolated because of Ukraine, and Putin would love to fuck the cartel.

Trumpniggers are some of the biggest oil dicksuckers in the country, too. Remember all the back patting they did for killing the "green new deal"?

EASY BUY, I'll be watching for the bottom and slurping up that black gold

NOOOOOOOOOOOO I DON'T WANT TO BE ABLE TO AFFORD TO DRIVE MY CAR

Shale oil (american oil) is pricey to extract and refine so US oil needs a high price to make the money back on extremely long contracts. Saudi oil leaks out of the sand needing little refinement.

I will buy the oil rigs then

Yeah, I sure would hate it if gas was cheap again.

Hiding in your mountains won't save you when the reckoning comes. Your posts are being catalogued. You thought you could spew propaganda and nothing bad would happen. You'll find out how wrong you were.

They're trying to meme a run on the banks

cheap oil

How is this bad?

this is a big "who cares" unless oil reaches 50/45/40 usd per barrel

Why the fuck isn't gas going up in my country? I just remembered we by mutt overpriced shit

Gas prices went up like 10% recently.

I don’t know if this will affect them directly. It could just reflect short term slowdown from tariffs halting economic activity.

main input to cost of all goods

That's not accurate.

That's smart - you should!

Pennsylvania has sweet crude.

Takin' Care of Business, baby!

when oil prices are lower than our production cost we just buy it from other people. it's good for everyone except some over-leveraged texas shale jews

fuck yeah, fuck globohomo.

what the fuck will nooks accomplish retard? USA already considered to have effectively infinite nooks? You could fucking build roads, or fund public parking garages, or even uni scholarships for white males instead, but nooo it has to be the nooks.

tits or GTFO.

Retard, Russia and Saudia Arabia are partnered through OPEC+. They are the ones increasing production to fuck with US oil prices, which they announced last week.

And then MIGA woke up and realized the American economy is entering freefall

yes energy costs are a fundamental input - particularly in a long-supply-chain environment. this is why Trump has said for months he was going to lower energy prices - to reduce inflation. Trump is clearly trying to DEFLATE, which is responsible after what happened the last five years.

it is now becoming inprofitable for mutts to drill for oil

we can just subsidize it retard. It's not profitable to plant corn here too but go on a drive in the country and see how many corn fields you pass

I'm talking on the FDIC site. They update it as soon as a bank is seized and sold off.
I don't rely on the media for anything.

if we could make goatfuckers seethe I'll be happy.

Well at least gas will be cheap

why would we drill when others are selling it on the open market at a steep discount?

How does the ME import food

By selling oil

How does the US produce food

By growing it, in many places without even needing fertilizer.

You're retarded

This sounds like the perfect use-case for tariffs

Russia isn't a part of OPEC but has a key role and would side with the Saudis over mutt's any day retard,retard

bros… what am I suppose to do with all this oil in my backyard

IMG_5337.jpg - 612x490, 69.66K

Everything needs to be shipped all along any supply chain so it absolutely is.

yeah cuz russia bad.

It's not all about economics. American oil is an ideological battle

Trump invaded Iran

Iran blows up Saudi oil production

Entire world pays a premium for American oil

Art of the deal baby

China invades Taiwan

Don't leave that part out, anon.

deport commies and America will be great again. We should make a new gold card. All these faggot leftists who hate this country and sell their citizenship to whites in Europe.

This cobber gets it. OPEC is punishing the US by... allowing it to buy oil at low prices? I can see how that's disappointing to some people in the energy industry, but it's probably good for the US overall.

Elon will fire all the oil field workers and replace them with H1Bs from India, problem solved.

migakeks will surrender and then go extinct and china bitchslaps them back to poopschwitz

good. I want everything to crash. accelerate.

You could fucking build roads, or fund public parking garages, or even uni scholarships for white males instead

Nah fuck that shit. Nooks.

Perfect time to replenish our reserves that Biden emptied.

the MSM will tell you flat out the day that a big bank disappears, i wouldn't trust the Feds to accurately report the situation given its a fiat currency.

You failed to quantify it, you simply stated something obvious and drew a conclusion unfairly from that observation.

Goalpost moved. I also suggest you go look at other times that oil prices have tanked and see how little it impacted the price of goods.

why is china invading itself?

Shale producers have cut their costs by over half in response to aggressive OPEC tactics. The real problem for the last decade or so is that their is too much oil on the market from all sources leading to even negative oil prices at one time. A couple of smaller oil shale companies were shaken down but they will never stop drilling in the Bakken. There are three oil formations in this area.
The drilling rig count will never be as high as it was in the 2010-2014 boom because at that time companies were trying to get holes in the ground to keep mineral rights. Now they can stay on one location, drill as many wells as they need to in half the time it used to take. Another recent recent trend is adding bitcoin mining equipment on these sites as the electricity needed is free using the captured nature gas from the wells. The frigid North Dakota winters and mild summers are the perfect climate for the miners to operate full throttle as cooling needs are minimized. This is generating even more funds for all parties involved while satisfying the states requirement for capturing gasses.

He will just tariff oil and no one will mind because they are used to high energy prices. His tariffs buckbroke OPeCs ability to use oil dumping as economic warfare

I thought you wanted to produce all your own oil and not import it. Now you can't.

burn the synagogue to the ground
BURN IT

Could we see $10,000 houses in North Dakota again with the oil collapse?

ND.png - 3450x3768, 1.61M

He can just ask Putin to drill and sell it through China

Holy fuck Americans are fucking retarded. Russian oil costs FOUR times more to extract than Saudi, last time Saudis opened tap they crashed Soviet Union. Now their pipeline are getting bombed by drones and at 60 dollars Russians are fucking panicking because economy can't survive MIGA art if a deal

be largest oil exporter in the world

oil prices drop

THIS IS GOOD BECAUSE WE CAN BUY OIL CHEAPER

Fucking retard, you're losing Fucking money when oil is cheap

We will buy all the $50 barrels of oil they can make. Cheap fuel is the number one factor in US quality of life.

oh wow declining energy prices you mean the main input to cost of all goods is declining? so like the price of things will decrease? what a shame

Either I'm retarded and aren't understanding the downside or this is a retarded take. Basically the ungy bungy oil barons killed the price of oil meaning it will be cheaper overall (Win) and when they stop tanking oil prices because they want to build some retarded new ugly tower in the inhospitable desert US starts producing their own oil again keeping it cheap regardless (Also Win). Not hearing any negatives here fren.

Margin calls dude, added to which Industrial Output WILL be reducing, but the extent remains unclear.

All China does is break apart then invade itself back together over and over again.

The idea was to be self reliant, not import all the oil.

We usually import oil. Why would this matter?

the price of oil is dropping because demand is dropping because the economy is about to collaspe migger retards

Yet gas prices haven't gone down.

Russian oil costs FOUR times more to extract than Saudi

Doesn't matter.
Saudi "Breakeven" point was / is higher than Russia's (pre-Ukraine) Breakeven, by almost $30 usd

breakeven.png - 1186x641, 77.98K

It'll take time for the rapid reduction in oil prices to reach the gas pumps. Petroleum refineries will have to catch up with the influx of supply.

Oh no, cheap oil.
Oh no, the horror.
Oh no.

THAT IDIOT TRUMP IS KILLING RUSSIA

omg graph go down

Cope, seethe, amd dilate your neovagina, fag.

Which is ironic because the millisecond prices go up you feel it at the pumps. It's all just corporate greed.

Lol. You stupid bastard. All this means is we can start building back the strategic oil reserve, that Biden sold off, on the cheap. This also allows us to continue to drain the resources of other countries while we preserve our own resources.
It's as if you have never read history, sport.

Debonker.jpg - 680x680, 70.43K

Say you don't understand how the markets work without saying you don't know how the markets work.

OIL COLLAPSING

THEY ASKED FOR LOWER PRICES, wait until they see what the big homie has in store for housing prices .....

Oh no stop, not cheap energy. This is awful.

I, too, get all of my best information from insiders on the dark web.

That's literally good thing, fuck inflation and fuck jews

Doesn't matter

Saudis can reign in budget spending because 80% of Saudi spendings are frivolous bullshit, meanwhile Russia won't have money paying soldiers and building tanks

Monke shitting his diapers in impotent rage inside his bunker.

That's literally good thing

Not for you maplenigger, this is part of the strategy to bring the Canadian economy to its knees. You are losing all of your auto factories due to the tariffs, and oil price collapsing is the death knell for Canada.

Looks like you will be coming to the negotiating table with a severe lack of cards, SAD ! Many such cases !

lol

don't care I'm going to the US for a job

So fuel prices are rising because....

This is literally a second holocaust.