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Who the fuck cares about oil? (Original Post) thegoose Apr 2020 OP
Said This Before ProfessorGAC Apr 2020 #1
Another couple of months and I will just be "who the fuck cares?" rzemanfl Apr 2020 #2
IKR Ferrets are Cool Apr 2020 #3
People in the oil producing states do customerserviceguy Apr 2020 #4
So much for letting the free market work. Midnight Writer Apr 2020 #5

ProfessorGAC

(65,001 posts)
1. Said This Before
Fri Apr 10, 2020, 02:41 PM
Apr 2020

This cutting of production talk is ornamental.
They've been operating at high rate for 30+ days as demand is down 30 million barrels/day.
They're going to cut production because they're running out of space to put it.
They've already pumped a billion barrels nobody needs right now.
That already 10-11 days of world wide demand under normal circumstances. Now with demand as it is, there's 2+ weeks of demand just sitting there.
Pretending to cut over price is a show for weaker speculators.

rzemanfl

(29,556 posts)
2. Another couple of months and I will just be "who the fuck cares?"
Fri Apr 10, 2020, 02:42 PM
Apr 2020

I am not good at staying home doing jack shit.

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