General Discussion

OC375

(1,080 posts)

20. It's all balance sheets and nail biting until China sends their Navy on a beer run

Mon Mar 9, 2026, 03:20 PM

Mar 9

Mess with the consumer end price all you want, but the problem is that certain geographic locations and industries all over the world need tankers showing up like clockwork every x hours.

Our price at the pump will go up and down as entities play games on paper about whether this pool of oil, or that pool of oil is counted as currently available (doesn't even need to be used, just perceived as in play). We could even just take oil from our own oil companies and say it's better to ask forgiveness than permission, if there's rioting in the streets here. We have oil we can adapt or trade.

But, when resources quit arriving, you have no choice but to venture out to secure them. The gas stations in the ME and Venezuela are now closed, and China imports more oil than anyone.

Hurt people, hurt.

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🚨 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