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Author Topic: The sky is falling the end of oil is fuck nigh. Oil at 60 bucks a barrel!!!!  (Read 4334 times)

MikMaq

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The sky is falling the end of oil is fuck nigh. Oil at 60 bucks a barrel!!!!
« on: December 08, 2014, 09:54:05 AM »
http://www.cbc.ca/news/business/tsx-loses-300-points-as-oil-slumps-to-new-multiyear-lows-1.2864101


Alright I'm jacked the canadian dollar is dropping faster than the rupel
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_aj_

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #1 on: December 08, 2014, 09:56:14 AM »
Welcome to the interesting world of deflation.
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Rimstinger

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #2 on: December 08, 2014, 09:56:22 AM »
The Arabs are feeling the squeeze, Kuwait's GDP is 94% oil revenues.

I hope to live long enough to see these oil rich nations go bankrupt and wipe that smug smile of their Bedouin faces.
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El Diablo Blanco

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #3 on: December 08, 2014, 09:59:13 AM »
Quote from: Rimstinger on December 08, 2014, 09:56:22 AM
The Arabs are feeling the squeeze, Kuwait's GDP is 94% oil revenues.

I hope to live long enough to see these oil rich nations go bankrupt and wipe that smug smile of their Bedouin faces.

They'll be fine, they made so much fucking money over the last 10 years it is ridiculous
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_aj_

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #4 on: December 08, 2014, 10:02:06 AM »
Quote from: Rimstinger on December 08, 2014, 09:56:22 AM
The Arabs are feeling the squeeze, Kuwait's GDP is 94% oil revenues.

I hope to live long enough to see these oil rich nations go bankrupt and wipe that smug smile of their Bedouin faces.

Yeah, OPEC had the great idea of lowering the price until shale-oil is no longer profitable and that will drive the Americans and the Canadians out of the market.

One problem is that the Americans have gotten so efficient, so fast with shale-oil extraction that the profit point is $40/bbl. The Kuwaitis have the most efficient and profitable oil extraction machine in the Gulf and their profit point is $54/bbl.

Ooops. Unless OPEC is going to drop it to $30/bbl and HEMORRHAGE money over time hoping to drive North America out of the market (which could take years), they can't pull this off. That said, they also have statisticians, so they may be in for the long haul, which means that $1.29/gallon gas is on the horizon!
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MikMaq

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #5 on: December 08, 2014, 10:04:48 AM »
Quote from: Vox Populi on December 08, 2014, 10:02:06 AM
Yeah, OPEC had the great idea of lowering the price until shale-oil is no longer profitable and that will drive the Americans and the Canadians out of the market.

One problem is that the Americans have gotten so efficient, so fast with shale-oil extraction that the profit point is $40/bbl. The Kuwaitis have the most efficient and profitable oil extraction machine in the Gulf and their profit point is $54/bbl.

Ooops. Unless OPEC is going to drop it to $30/bbl and HEMORRHAGE money over time hoping to drive North America out of the market (which could take years), they can't pull this off. That said, they also have statisticians, so they may be in for the long haul, which means that $1.29/gallon gas is on the horizon!
Agreed prices are gonna jump back up rather fast.

It's total bullshit, that these folks aregetting on with.
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240 is Back

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #6 on: December 08, 2014, 10:04:58 AM »
Biceps are predicted to peak 1.14 inches taller at the 2015 Arnold Classic.
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_aj_

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #7 on: December 08, 2014, 11:47:27 AM »
Quote from: 240 is Back on December 08, 2014, 10:04:58 AM
Biceps are predicted to peak 1.14 inches taller at the 2015 Arnold Classic.

I am aiming to keep pace with that projection.
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BigNJ

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #8 on: December 08, 2014, 12:16:46 PM »
Oil prices are dropping on purpose, to bankrupt any OPEC competition.

Look behind the obvious.
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Mr Anabolic

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #9 on: December 08, 2014, 12:55:46 PM »
Quote from: BigNJ on December 08, 2014, 12:16:46 PM
Oil prices are dropping on purpose, to bankrupt any OPEC competition.

Look behind the obvious.

And Russia too.

The commodity traders are the ones who run up the oil/gas prices.  They should all be hanged.

The sheeple have been brainwashed into believing sub $3 gasoline is "cheap".  The price of gas should be around $1.50-1.75/gal.
 
Saving $20 per tank full is not going to do anything for the economy.  People will take that money to pay bills and/or buy necessities, not spend it on plastic Chinese junk.  

The MSM propaganda on this stuff is thick as tar.
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El Diablo Blanco

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #10 on: December 08, 2014, 01:21:13 PM »
about 10 years ago some Saudis were ranked as the richest in the world with some estimates of $100 billion or more in net worth, then oil boomed for 10 years, these guys raked in the fucking cash, probably have individuals with net worth of $500 billion or more now but they won't disclose it.
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_bruce_

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #11 on: December 08, 2014, 01:41:43 PM »
When all the oil is gone Romania will be the new superpower of transportation - donkeys and carrots will succeed where modern cars have failed.

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Nick Danger

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #12 on: December 08, 2014, 01:54:37 PM »
Took my truck out yesterday for the first time in months...under $100 to fill the tank.
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polychronopolous

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #13 on: December 08, 2014, 01:56:14 PM »
Quote from: Nick Danger on December 08, 2014, 01:54:37 PM
Took my truck out yesterday for the first time in months...under $100 to fill the tank.

 :o
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El Diablo Blanco

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #14 on: December 08, 2014, 01:57:31 PM »
If oil stays on this trend I can't wait for the elections in 2 years to see who tries to take responsibility for lowering gas prices.  The dems or donks
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_aj_

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #15 on: December 08, 2014, 04:11:08 PM »
Quote from: El Diablo Blanco on December 08, 2014, 01:57:31 PM
If oil stays on this trend I can't wait for the elections in 2 years to see who tries to take responsibility for lowering gas prices.  The dems or donks

Dem dems is da donks.
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Mr.1derful

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #16 on: December 08, 2014, 04:14:50 PM »
Quote from: Lungrenisback on December 08, 2014, 09:54:05 AM
http://www.cbc.ca/news/business/tsx-loses-300-points-as-oil-slumps-to-new-multiyear-lows-1.2864101


Alright I'm jacked the canadian dollar is dropping faster than the rupel

First, it's ruble.  Second, why would you be "jacked" about the drop in the Canadian dollar?  Do you enjoy higher consumer prices and less disposable income?
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Nick Danger

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #17 on: December 08, 2014, 04:24:32 PM »
Quote from: Mr.1derful on December 08, 2014, 04:14:50 PM
First, it's ruble.  Second, why would you be "jacked" about the drop in the Canadian dollar?  Do you enjoy higher consumer prices and less disposable income?

Depends on the business you're in...80% of my income is in US dollars.
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Mr.1derful

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #18 on: December 08, 2014, 04:25:31 PM »
Quote from: Nick Danger on December 08, 2014, 04:24:32 PM
Depends on the business you're in...80% of my income is in US dollars.

He's Canadian and I suspect that's not the case with him.
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Pneumothorax

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #19 on: December 08, 2014, 04:30:17 PM »
Quote from: Mr.1derful on December 08, 2014, 04:14:50 PM
First, it's ruble.  Second, why would you be "jacked" about the drop in the Canadian dollar?  Do you enjoy higher consumer prices and less disposable income?

Because fuck canada.  No really it sucks for Canadians. Nut really what do they produce up there that they should have currency parity with the United States? 
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Nick Danger

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #20 on: December 08, 2014, 04:33:45 PM »
Quote from: Pneumothorax on December 08, 2014, 04:30:17 PM
Because fuck canada.  No really it sucks for Canadians. Nut really what do they produce up there that they should have currency parity with the United States? 

How about oil and gas??? Are you really that dumb?
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Nick Danger

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #21 on: December 08, 2014, 04:35:11 PM »
Quote from: Mr.1derful on December 08, 2014, 04:25:31 PM
He's Canadian and I suspect that's not the case with him.

As am I .
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Mr.1derful

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #22 on: December 08, 2014, 04:35:25 PM »
Quote from: Nick Danger on December 08, 2014, 04:33:45 PM
How about oil and gas??? Are you really that dumb?

He is.
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Mr.1derful

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #23 on: December 08, 2014, 04:37:40 PM »
Quote from: Nick Danger on December 08, 2014, 04:35:11 PM
As am I .

I can't say for sure, but as I said, I'd be surprised if his income is in U.S dollars.  Irrespective of that, a drastic drop in the value of the Canadian dollar still represents higher consumer prices for Canadians.  Not a good thing.
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Nick Danger

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Re: The sky is falling the end of oil is fuck nigh.
« Reply #24 on: December 08, 2014, 04:42:40 PM »
Quote from: Mr.1derful on December 08, 2014, 04:37:40 PM
I can't say for sure, but as I said, I'd be surprised if his income is in U.S dollars.  Irrespective of that, a drastic drop in the value of the Canadian dollar still represents higher consumer prices for Canadians.  Not a good thing.

True but it also makes our exports that much more appealing. It has been estimated that our economy works well when our dollar is between .85 -.90 American.
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