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Warpy

(114,650 posts)

6. Dunno, it had a big drop day before yesterday

Reply to Tab (Reply #5)

Thu Dec 10, 2015, 01:33 AM

Dec 2015

I don't know if this will get people thinking they'll make a killing on cheap spot market futures or not. I do know hedge funds worldwide are not getting the returns they got used to when Stupid was in office before the crash and I know they heavily influence commodities markets, so I would expect the price to go up over the next several days.

The main pressure keeping it low is geopolitical pressure, cutting ISIL's income stream by 2/3.

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Highlight:

Billions of Barrels of Oil Vanish in a Puff of Accounting Smoke [View all] Tab Dec 2015 OP

Last gasps of a dying industry, 99th_Monkey Dec 2015 #1

Assuming... Tab Dec 2015 #3

true dat. n/t 99th_Monkey Dec 2015 #7

Wow. This explains so many things this week!! arcane1 Dec 2015 #2

Well, it's all still there, they just can't get to it Warpy Dec 2015 #4

Would not the price go up? Tab Dec 2015 #5

Dunno, it had a big drop day before yesterday Warpy Dec 2015 #6

We should go with Bernie's plan to change more quickly to alternative energy sources than JDPriestly Dec 2015 #9

Put those roughneck oil drillers to work drilling geothermal. Spitfire of ATJ Dec 2015 #11

Putting the Pentagon on a diet would help Warpy Dec 2015 #14

Great ideas. Great post. Thanks. JDPriestly Dec 2015 #16

Nice post. Now is a good time to put "high taxes on oil products" since prices are low. pampango Dec 2015 #17

Chump change. The CEOs needed some extra xmas money. Rex Dec 2015 #8

I say LET them loose their money for being asshole enough to not give a damn about the earth. Spitfire of ATJ Dec 2015 #10

I hope they all go belly up arikara Dec 2015 #12

+1 newfie11 Dec 2015 #13

+ more Tab Dec 2015 #15