General Discussion

safeinOhio

(38,040 posts) Sat Mar 7, 2020, 09:58 PM Mar 2020

Saudis announce big price cuts. World oil price war.

Down $4 to $5 on world market and down $7 to US market. Big blow to Russia as a pay back because they wouldn’t play ball with OPEC and curb production. They say they will start full production. Poor Putin.

9 replies

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Highlight:

Saudis announce big price cuts. World oil price war. (Original Post) safeinOhio Mar 2020 OP

SA vs Russia? File that under "battles i want both sides to lose" Takket Mar 2020 #1

Whoa! This is major. dhol82 Mar 2020 #2

Oil down already in $42 range, down from $55 a couple of safeinOhio Mar 2020 #3

Damn. Looks like we are swirling down the toilet. dhol82 Mar 2020 #4

Can these dots be connected: UTUSN Mar 2020 #5

#3 safeinOhio Mar 2020 #6

Paid $1.96 today tinymontgomery Mar 2020 #7

Next up a BIG currency war. roamer65 Mar 2020 #8

$1.87 in DfW JCMach1 Mar 2020 #9

Takket

(23,802 posts)

1. SA vs Russia? File that under "battles i want both sides to lose"

Reply to safeinOhio (Original post)

Sat Mar 7, 2020, 10:03 PM

Mar 2020

dhol82

(9,658 posts)

2. Whoa! This is major.

Reply to safeinOhio (Original post)

Sat Mar 7, 2020, 10:08 PM

Mar 2020

Wonder why now?

safeinOhio

(38,040 posts)

3. Oil down already in $42 range, down from $55 a couple of

Reply to dhol82 (Reply #2)

Sat Mar 7, 2020, 10:18 PM

Mar 2020

weeks ago. OPEC called for cuts and Russia said they can make $ at $45. Russia wouldn’t play ball so the Prince is calling him on it. This could kill Russian economy and sink Putin. I’d bet he cries uncle and will now cut production. May be too late.

dhol82

(9,658 posts)

4. Damn. Looks like we are swirling down the toilet.

Reply to safeinOhio (Reply #3)

Sat Mar 7, 2020, 10:55 PM

Mar 2020

Scary times ahead.

UTUSN

(77,795 posts)

5. Can these dots be connected:

Reply to safeinOhio (Original post)

Sat Mar 7, 2020, 11:04 PM

Mar 2020

1) Unconfirmed that Saudi "king" died, & Prince arrested family.
2) Oil war Saudi/Russia.
3) SHITLER wet his pants.

safeinOhio

(38,040 posts)

6. #3

Reply to UTUSN (Reply #5)

Sat Mar 7, 2020, 11:19 PM

Mar 2020

A bullseye. 😎

tinymontgomery

(2,861 posts)

7. Paid $1.96 today

Reply to safeinOhio (Original post)

Sat Mar 7, 2020, 11:49 PM

Mar 2020

Haven't paid below $2.00 in ages.

roamer65

(37,974 posts)

8. Next up a BIG currency war.

Reply to safeinOhio (Original post)

Sun Mar 8, 2020, 01:30 AM

Mar 2020

As economies tank, competitive currency devaluations to try to steal what is left of consumer demand.

JCMach1

(29,242 posts)

9. $1.87 in DfW

Reply to safeinOhio (Original post)

Sun Mar 8, 2020, 02:21 AM

Mar 2020

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