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ABC123Easy

(327 posts)

8. So what?

Reply to riversedge (Original post)

Mon Mar 9, 2026, 10:42 AM

Mar 9

I already expected this, "Reports that G7 countries are considering releasing up to 400 million barrels from strategic reserves triggered the move."

What did you think they'd do?

Explain it to me like I'm 5. I'm not arguing, just looking for your explanation.

They'll flood the market with reserves and the price will go down for a while. Obviously, it will go right back up after some time unless the war ends sooner rather than later. Prices will go up as they are now, down a bit, then up again.

I'm finding it hard to freak out. My impression of your post is that you're not.

Again, I'm just looking for an explanation that's all.

Thanks

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Highlight:

🚨 THIS IS NOT GOOD Oil just collapsed. Prices dropped over 13% in the last 40 minutes. [View all] riversedge Mar 9 OP

Oil prices dropped?....................... Lovie777 Mar 9 #1

Read the thread gab13by13 Mar 9 #3

There's been a near glut of oil... appmanga Mar 9 #5

Oil isn't what it once was... Hugin Mar 9 #15

Massive grain of salt, for a guy with "crypto" in his user name muriel_volestrangler Mar 9 #2

Yeah, sounds to me like he personally played the market and lost some money. gab13by13 Mar 9 #6

Current prices UpInArms Mar 9 #4

Collapsed.... Boo1 Mar 9 #7

So what? ABC123Easy Mar 9 #8

BlackRock had recently limited its fund withdrawals by customers, wonder if this all are indicating a major SWBTATTReg Mar 9 #9

This message was self-deleted by its author LuckyCharms Mar 9 #10

I wish someone would cause my bank account to collapse by +8% EdmondDantes_ Mar 9 #11

WTF is this guy yammering about? indusurb Mar 9 #12

The world uses 100-120 million barrels a day dweller Mar 9 #13

Roughly 4 days Cosmocat Mar 9 #18

Not sure what he's talking about! The price is currently $100 bbl surfered Mar 9 #14

Collapsed? This sounds like planted horseshit ThreeNoSeep Mar 9 #16

Given that this is sourced from Musks Shitter, I'd say the credentials are toilet paper. Lancero Mar 9 #17

It's Accurate ProfessorGAC Mar 9 #19

It's all balance sheets and nail biting until China sends their Navy on a beer run OC375 Mar 9 #20