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http://www.bloomberg.com/quote/CL1:COM
>oil

https://www.google.com/finance?q=INDEXDJX%3A.DJI&ei=NcKTVoCFKJGPecKSmpgN&hl=en
>dow

>>60695471 (OP)
why
why didn't i buy dwti when it was $150?

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>>60695471 (OP)

Does the fire rise brothers?

Oilfags btfo

B T F O

T

F

O

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Alpha Romanian descendant of daco romans reporting in.

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Fuck

So what does this mean?

>the jews did it

>>60695679

>why, why didn't I short it when it was $150?

FTFY :^)

How kill is China tonight?

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>>60695471 (OP)
Venezuela on suicide watch.

>>60695801
It continues the general trend of a long, slow global deflationary collapse.

>>60695801

Cheap gas for normies. Investors and 401ks getting BTFO. I lost about 4.5% this last week thanks to the slump and sold off my stock positions today when it was still positive.

Go long cash and volatility, bros.

>>60695471 (OP)
Can private citizens buy crude oil? What if I bought a gorillion dollars of oil and stockpiled it? Then in 80 years after I'm dead and gone, my sons can live like kangz n sheeit by selling super rare crude oil?

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>>60695471 (OP)
we climbed 30c in the last dozen minutes, sitting at $31.23

will superman save the fumbling economy or will Lex Polther finally cause the cHanppening?

find out after this commercial break

quick kwestion for any kommandos in here, are 12ga 2 3/4" skeet shells decent for close range work? I have 25 of them and five rounds of 00 buck that I grabbed with my first weapon purchase (a B-E-A-Utiful Remington 870 named Susan that can take three-inchers if I need her to)

>>60695880
why is it a slow collapse now?
why isn't it a more sudden collapse like we've seen previously in 2008?
will it eventually come to a climax like 2008?

>>60695880
>slow global deflationary collapse


Of a commodity price bubble in oil. Which only happened because OPEC kept cutting production to make prices high in 2000-2014. The prices now are just the reality when oil isn't artifically forced high.

The middle east must be in full panic mode

>>60695471 (OP)
how long till the next WW to push the economy? 2month? 3month?

>>60696017
Beats me. I don't see the advantage to not trying to drag the crash out. That's what's been going on since 2008.

If the whole world goes catches on fire (e.g. outright WWIII, global pandemic, or other sufficiently massive and global happening) then that might be good cover for a large, sudden collapse, but it'd be pretty disasterous unless the world were already on fire. And it doesn't really seem to me like there's any kind of a coherent new financial system ready to go yet that would take its place -- that I think is the real apple to try to go for when it comes to how to resolve the current dysfunctional situation.

>>60695998
Notice the very distinct spaces of time between each crash..

>>60696017
Lots of fancy financial instrumentation. No one has lost faith in the system so it keeps chugging along.

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>post yfw its habbening

>>60695679
I know that feel.

India is in trouble too,Sensex is at a low

>>60696320

So basically we're overdue for a big one?

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>>60696436
Kek

>>60695997
>quick kwestion for any kommandos in here, are 12ga 2 3/4" skeet shells decent for close range work? I have 25 of them and five rounds of 00 buck that I grabbed with my first weapon purchase (a B-E-A-Utiful Remington 870 named Susan that can take three-inchers if I need her to)

to make it short: yes

>>60696466
>India is in trouble too,Sensex is at a low
POO

>>60695471 (OP)
Well then.

>>60696062
Either way it's a deflationary trend. You could blame housing bubbles or fiat bubbles or derivatives bubbles or whatever else, too. But the end result is that it's going to wind up going down when there isn't enough new action to keep the ponzi scheme going anymore.

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>>60696591
Hello fellow OPEC country

Can you kindly tell Saudi Arabia to fuck themselves

>>60696595
IN SHOE

what is your plan guys?
cash? gold?

/pol/, I thought the US markets were supposed to crash today after the Shanghai index tanked 5.30%

Instead, they are flat.

Where is the famous meme magic I keep hearing about?

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>oil at all time low
>gas stations around me are 30 cents higher than they were two weeks ago

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you all know that most opec countries sell well below the Brent/WTI indexes right.


it could be $31.00 for Brent but Venezuela shit crude sells for $6.00 cheaper at $26,00


same goes Canadian tar sand. it's selling at $20.00 right now

If you want a good laugh at the cucks up north their oil (WCS) is selling for $18 a barrel. And they are losing over $10 on every barrel sold. If this goes on 6 months they are totally fucked. Avoid the Canadian currency, canadians oil stocks, banks etc

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>>60696716
>what is your plan guys?
>cash? gold?

The woods

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>>60696591

>>60696742
God damn, it white boy

>Apple (AAPL) was efforting to snap the Dow Industrials and the Nasdaq from their losing streaks. Shares rose on a couple of positive catalysts including its Apple Music service surpassing the 10 million subscriber mark. Additionally, the stock was upgraded to a "buy" from "neutral" at Mizuho Securities. The firm said Apple's recent selloff on concerns of weak iPhone sales has created a "meaningful" potential to the upside.

http://finance.yahoo.com/news/apple-boosts-the-dow--general-motors-in-court--macy-s-spikes-on-starboard-s-urging-162608987.html

>>60696701
>Can you kindly tell Saudi Arabia to fuck themselves


Not Kuwait but why would you want them to do that?


Better not be about syria since you should go to the syria thread.

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>>60696701
>Can you kindly tell Saudi Arabia to fuck themselves

I tell them that nearly everyday

>>60695998
So start saving?

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>>60696801
>The goyim won't notice if we tax gasoline more as the price decreases

>>60696017
2008 wasn't sudden

The econemy was having trouble as far back as late 2007

And tech housing market was declining back in 2006

>>60696566
Thank you, Stormtrooper; point to the door and I shall sweep all behind it.

For dustbunnies, a freshly faggoted facis hates dustbunnies near the mantlepiece.

>>60696802
[citation needed]

>>60696229
>implying we'll see wartime production like WW2 ever again

Look at our "wartime production" in the last 15 years of war. We'll just make a shit ton of guns in China and tanks in Yugoslavia.

PLEASE BUY OUR OIL
IT'S NOT FUNNY ANY MORE

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>>60696915
>Not Kuwait but why would you want them to do that?
>Better not be about syria since you should go to the syria thread.

Saudi Arabia causes oil to fall

And Im already an /sg/ regular

>>60696965
Just like 2001 when the dotcom boom was having trouble as far back as 1999.

>>60695998
>>60696320
>>60696481

Also note the fact that these "pro-growth policies" of letting companies do as they please, don't actually cause growth, they cause bubbles.

Make a line of best fit from the 50's to the 90s and then the 90s to now, and you'll see just how much actual growth is happening.

>>60697073
Sorry, I'm stoned as fuck all the time and keep forgetting.

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>>60696742
Look at commodities it's a legit happening. It's not ron paul tier happening but in the tier of the "black guy with cigar who shittalks the negros". Pic related.

>>60696742
SSE crashed in summer 12% and 8% in two separate days. Second crash promoted a huge point swing at the opening of Dow Jones (more than 1000 points). US doesn't panic as much at these Chinese fails yet the market is going slowly down.

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>>60695471 (OP)

we need another war

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Well at least this means low cost to transport goods.

>>60696802
They were quite literally giving away product at the canadian tar sands a few weeks ago. Must mean it's free to produce.

>>60696929
Aren't you bff?

What's funny is that i'm so poor i don't give a fuck what happens.

>>60697185
yah, like it's really cheap now for the government to have UPS fly in more immigrants in secret.

That'll, uh, double the GDP, and, uh, drive up demand, and, uh, all kinds of good things. brb investing in the prison sector.

Suddenly makes complete sence while Saudi want to kill Iran

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>>60696993
http://www.opec.org/opec_web/en/publications/338.htm

you can read it in PDF. it'll tell you all the crudes OPEC members sell and what price they go for


and for Canadian tar sands

http://insideclimatenews.org/news/19082015/woe-canada-oil-sands-slump-economic-and-political-stephen-harper


you can find other sources but it's at $20.00 or less

>>60697326
Dude, you sound like a racist when you put it like that.

>>60697236
GCC was a fucking mistake, I fucking HATE Saudi Arabia.

I wish we were like Oman and gave the middle finger to SA

So when will gas be $0.99/gallon?

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JUST BUY IT YOU FAGGOTS YOU FUCKING IDIOTS

AMEX:USO

GET RICH OR DIE TRYING

>>60695875

Literal suicide watch. Oil at 37 has lead to starvation. Now, there'll be an outright insurrection.

>>60697387
>>>/reddit/

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>>60697534
According to the current price of crude

It should be right now

>>60697334
Thanks

>>60697166
BRING IT DOWN YESSSS

WTI CRUDE TO <$10

ENJOY DESU SENPAI

This is a good thing. A declining oil price only hurts oil companies and states whose economy is 100% reliant on oil exports.

For literally every other part of the economy it's a boon. Lower oil prices means lower energy costs. Every company can benefit from that. Less energy costs means less overhead which means higher profits and cheaper products.

Cheaper oil means cheaper transportation too, again, something that benefits literally every sector of the economy. If things can be transported cheaper, that means they can be sold at a lower price for a greater profit.

The falling price of oil is the biggest boon the world economy has seen in decades. You're all retards buying into big-oil shilling if you think this is a bad thing.

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>>60697719
>ITT everyone remembers the jews control the money and thus all systems of pricing
>tfw economy is not actually in crisis because jews

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>>60695471 (OP)
Jews

This is good for our armed forces, as they are the largest consuming entity in the world. Every 10$ drop in oil saves us billions, as we use 100 million barrels per year for our gear.

>tfw CAD goes <$0.50 USD
trump will have to build two walls

>>60698322
Possible yet doubtful. It will stay within 0.60-0.75 over the next 3-4 years though.

>>60697094
>"pro-growth policies"
Surely by this you mean Keynesian economics.

>>60698539
It's too bad there isn't really anything from Canada that I want to buy. Maybe you guys should start a thriving industry selling us your personal possessions at firesale prices over ebay and amazon and stuff like that.

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>g-guys please subsidize wind power
>there's no oil left we need to subsidize other power sources

mfw

im losing all my money in the stock market

send help

>>60698747
TIME TO GO NUCLEAR

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How btfo is my TF2 investment in unusual hats?

All that ISIS Oil making it's rounds from the looks of it.

>>60698702
We export a lot of our power to the US, if that counts for anything. Oh, and a lot of wood too. We have trillions of trees.

>>60698702
What about buying food and supplies? Or is it too far to make a trip

I have like $40CAD that I never spent

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>>60695976
That's using your noodle. Probably not a bad time to buy, no one can predict the next conflagration in the middle east other than to say it is inevitable.

>>60698080
This is a demand destruction cycle, depends how many people die off and when industry feels comfortable producing things again, but demand never really dies completely, we grow food with oil and petrochemicals now. Everyone claims shilling here and there but in reality almost 8 billion people and they all want black goo and to live the life. It's going to be a wild ride and we will see oil well above $200 inside the next ten years. I would bet the farm on it.

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>>60695471 (OP)
>Saudi and other Gulf excrement btfo

>>60698912
nobody plays that game anymore kid

i recommend you turn them into as many CSGO knife skins as you can

also I sure hope youre not still holding buds

>>60698961
I'm already pretty much as supplied up as I realistically will be short of like devoting a room to liquor, toilet paper, and cigarettes.

But yeah: >>60698928 Hey Canada get into food production. Help drive down the price of good quality foodstuffs. Our agricultural production is getting knocked.

>>60695976
You would need to meet strict storage regulations. To meet storage regulations you would need to get permits. So you would need to find an aproved site that a city/state would sign off on. Then someone would need to come and inspect all of this. I'm probably missing a few dozen other regulations you would need to meet. Also regulations have a tendency to chang at anytime so be ready for that.

>>60699184
>Hey Canada get into food production

Already are, but the government sets up production quotas to keep the prices up.

>>60699184
We have a shitload of food production.

>>60696965
The difference between this and 2008 is that major financial institutions were caught with their pants down. As well as a shit ton of homeowners with ARM loans adjusting to the current interest rate on a house they could barely or not afford at all.

We bubbled housing and property which had never been done in the past. So when that bubble popped, everything went to complete shit.

It can get a bit ugly here but IMO, not in the way 2008 got.

You won't see the banks folding the way they did in 2008-2009.

>>60696436
Le Spoopy slavshit of omens is everywhere

>>60695976
>>60699189
Also forgot. Oil is considered a resource vital to the security of the US. The fed could find a way to seize all your oil at fair market value if you're lucky.

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For decades people hate Saudi Arabia for market manipulation for cutting production to create an artificial shortage and drive up price

Now that they don't cut production to drive price up people accuse them of market manipulation.

>>60699388
I never see any food labeled as being from Canada other than occasionally some fish. Meanwhile half the stuff in the store comes from like Peru and shit like that, where there's a real problem with polluted water being used to grow it on account of sanitary problems.

Meanwhile if there's one thing I do in my life where prices have been exploding like crazy it's going to the grocery store.

>>60699565
Of course. Big Brother always finds a way to get their fingers into everything.

I'd store it off shore and claim tragic boating accident. That'll work, right?

Yeah that couldn't possibly go wrong.

>>60695471 (OP)

It's happening every day for you faggots. It NEVER happens.

>>60699719
If you're talking big bucks, you might as well just purchase whatever vessel would be shipping it to you (train, truck, boat, etc.) and leave it in that.

>>60698288
Too bad Obama cut our military spending by 1.3 trillion. So we're really not benefitting as much as we could from this.

>>60699750
>It's happening every day for you faggots. It NEVER happens.
shilling this hard

>>60695471 (OP)
It's all part of the plan

US and Saudis at it again for a change

Russia and Venezuela became too dependant on oil exports, now it's time to dump them

>>60699927

Where's ww3? Why hasn't society had a complete financial meltdown like you guys have been saying is going to happen for years?

>m-muh shill

>>60700117
Ron Paul lied. People died. Vote Trump 2016.

>>60699505
What is bubbled right now?

>>60700117
Patience grass hopper. You say it isn't happening yet you have loads of people losing their jobs in the oil industry, and killing themselves.

Look at the big picture, our system has cracks everywhere.

>>60700117
>Being this mad that WW3 didn't happen and you had to go back to middle school on Monday
Hahahahahaha

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>>60695998

Had a look back and spotted the same formation in the 70s. A crash followed, and we had the economic flatlining of that period, took 5 years to get to the beginning of the 80s boom.

>>60700202
19 trillion dollars of debt

>>60700049

Canada too, poor Canada.

>>60696120
Serves those sand niggers right. I hope they are bled dry and Europe is forced to get rid of the kebabs and send them back to sandshitistan.

>>60699505
Never even noticed anything in 2008

>buying ISIS oil
>dirty gommies can't buy christmas presents because they based their economy on DUDE OIL LMAO

gog bless

Important question: do we all fuck with china's market also again tonight? we've made it this far there's no turning back now, the meme-magic is growing stronger.

>>60700306

>These dates all directly correlate to the Islamic revolution and Iraq nationalizing their oil

Fucking hell arabs are some of the dumbest people on the planet.

>>60700484
Obviously we do.

>>60699719

it's a stupid idea anyway. there are companies that buy for storage to sell later later but nobody stores for decades

oil is never going to be rare and super expensive because we will have cheaper and more efficient energy sources long before oil supply runs out.

by the time you're 80 oil will be a hazard that you have to pay someone to get rid of, not a commodity

crude oil storage is at an all time high right now btw.

the storage capacity of USA and many other countries is pretty much topped out right now which is one of the reasons price is decreasing (since demand from people buying it for storage to sell in a few years has decreased massively)

>>60698747
sav'd

>russians survived the 1990s
>this will kill the slavs

top kek weak capitalists, crimea river


krim nash

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>>60700573
okay good.
>ww3 incoming

>>60700306
If you are so sure this going to happen then I would gladly sign a contract giving you 50% of profits of a successful operation shorting the market

You'd just have to cover the possible losses, but since you're so sure I believe that wouldn't be an issue

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>>60700712
We've got washed up fags to kill and economies to crash. This is our destiny.

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>>60700802
this is the only thing at the moment keeping me strong. this is /pol/'s destiny. full speed ahead everyone.

>>60696566
I'm sure it could probably get the job done but if you can go and and get some buck shot/slugs are better options for removing kebab. Cheney shot his lawyer friend in the face with some bird shot and the guy lived.

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More. We need more.

>>60700748
>I'll take 50% of the profit
>0% of risk
This is why we know Brazil is full of niggers.

>>60701568
I think he was offering to provide the entirety of the capital

Dow is back up +81

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>>60701492
Back to falling

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>>60695471 (OP)
Oh fugg D:

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>>60701289
Do we really need to end the world now, i just bought EUIV.

>>60701759
I love the way having a tiny little screen means all the charts and graphs always have to be way zoomed in with no sense of scale or context so it looks like the world just ended.

will this lower the price of oil based porn or will producers simply pocket the savings

>>60701718
back up to 31.29 again, somebody or somebodies is/are fighting this stall, ah well, massive losses anyways, I'll just have to pray for another several percentage points of drop tomorrow if this pans out by the end of the trading cycle

>>60701907
I'm sure you can play it and watch the collapse of the world at the same time. don't be a pussy.

>>60701975
>way zoomed in
This is a 5 year view, burger

>>60697334

$ 20 a barrel

TOP KEK

>>60702061
Suppliers will simply jerk you around.

>>60702237
all that loss in just one year, we're somewhere close to 2001 levels

How will this affect kebab?

>>60700748

I'm not completely sure, and nobody professes to be...apart from maybe Zero Hedge, Max Keiser and the like.

I think this is about looking at dark clouds forming and moving inside rather than staying out and starting a BBQ.

I don't short anything anyway, I just buy and hold and I'm waiting for my discount.

>>60702237
It still provides no relative context, and the Y axis is from like arbitrary number A to arbitrary number B just so that it fills the screen.

>>60702372
Under normal, healthy circumstances going up is a long, slow battle and going down is a sudden thing. That's what makes it easier to make money on the way down as long as you can time it right.

On the chart it looks like oil opened at $32.5

But this adds to $33

31.16 Down 2.00(6.03%)

Are markets just as fucked up as any other service?

>A brutal new year selloff in oil markets quickened on Monday, with prices plunging 6 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude as low as $20 a barrel.

Amid an accelerating tailspin that shows no sign of slowing, Monday's dive - the biggest one-day loss since September - triggered a rash of panicky trading across the market.

>Long-term futures contracts for 2017 and beyond fell nearly as hard as those for immediate delivery as some producers rushed to hedge, while a key options gauge surged to nearly its highest since 2009.

http://finance.yahoo.com/news/oil-dive-deepens-12-low-202254724.html

>>60702592
Most likely.
Also predictions for chinks to open at -8%

>>60702592
Did you just say you don't believe in the markets

Fucking commie

>>60702544
The Y axis is the value in dollars per barrel

>>60695471 (OP)
Im new to stocks and stuff. Would this be a good time to buy since its cheap? Or is it expected to drop even more?

>>60695471 (OP)
nice fuck OIL, everybody go electric fuck all gas companies they are such fucking thieves here in Canada anyways so fuck all of them.

I don't live in Alberta so I don't give a damn. The dollar is cheap? Good, Americans welcome.

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>>60695892

Stock fag.

Buy tools, guns and bottled water.

OIL SETTLES AT 31.41 DOWN BY 5%

I'm sure it'll be fine.

>>60695998
So in short at some point the amplitude will become so large that recovering is impossible?

>>60699189

My neighbor just lets it drain into the ground every time he changes his oil. If the collapse comes, I plan on drinking his milkshake.

>>60702750
I know what it is, toothpaste. I'm just complaining about graphs that are autofit to use all available space vs. graphs where you know what you're looking at without having to double-check the markings. It makes sense if you're paying attention to the latest moves, or if you watching the charts go by all the time, but not so much to convey a point.

Maybe I'm just being buttblasted about when I see people do this in presentations and papers.

>>60702930
Crash eminent?

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>>60702933
>dubs
>oil is low
>I'm sure it'll be fine
What have you done?

>>60702956
Possible. If you're a chartist then you would expect it to do something or other according to your favorite patterns or algorithms.

But if you're not into that, then what you're looking at here is increasing instability, and that's the kind of thing that happens as you approach an even larger event that cannot be controlled.

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>>60702933
God damn meme wizards

>>60695471 (OP)
This is what happens when the world's most important commodity blows through major support. They didn't get it down here by fucking around with stops for penny change, this move is real.

How the fuck does shorting a stock even work?

Can someone explain what that means? How do you make money on a purchase that devalues as you buy it, while you own it, and when you sell it?

This drop is obviously being caused by Iran and Saudi bickering. More than likely some oil traders made a shit ton of money by short selling oil before the drop.

>>60696802
Only makes sense. You need a standard to judge the rest by. No reason why all oil would be priced the same given the many differences.

>>60696837
Pretty good time to invest in Canada then. Buy all our shit up at increasingly cheaper prices.

>>60698080
To a point. Cheap oil can only be so cheap, then it starts to mess with supplies because too many markets stop producing because of losing profits. Big oil will keep on pumping, but if it doesn't go up, many of their wells will shutdown. Only conventional wells selling premium oil can compete, but they can only produce so much. Then there is the refinery perspective. Some only are capable of refining certain types of crude, with expensive modifications needed to refine other types. So if supplies decrease substantially, you can bet it will hit many refineries hard because they need to modify their setup or produce less of the same.

>>60699609
Our foodstuff that you consume won't be labeled because it will be used in the ingredients of USA made products. We are a resource export country, with barely any manufactured exports.

>>60700351
We are holding out on her biggest asset. Water. The time will come when your knocking on our doors for some of that precious H20.

What will this low price do to the US shale and Canadian tar-sand-oil industry?

Will these low prices effectively destroy "green" energy forms like Wind/Solar power?

>>60703887

You essentially 'sell' it but don't deliver until later, after you have bought.

>>60703902
>We are holding out on her biggest asset. Water.

Michigander here. I look forward to the epic naval battles between our coastie cutters in the Great Lakes Water Wars.

>>60695801
>>60695801


FREE GAS

BERNIE DID IT

>>60703967
US oil industry is getting hammered right now. And that is what this is all about. Oil demand is flat to positive, this huge move is all about the saudis overproducing to kill off foreign competition and green tech. The Saudis can still make money at $10 a barrel.

>>60703902
>won't be labeled because it will be used in the ingredients of USA made products
So in other words I can't use US dollars to buy it myself in order to take advantage of your weak dollar, and it's not something I'm interested to buy anyway.

>>60702906
protip: buy things when they go up. But not too much up.

>>60703887
These days it means you press the red down button instead of the green up button. Who gives a fuck about the mechanics? Unless you short too much and don't have a stop, then that's potentially awful.

>>60695471 (OP)

Down 6.2% now.

FUG

>>60703968
But you don't own it. I'm trying to figure out how that's possible.

The only analogy I can comprehend is equating a stock firm to a bank. You put in an order for a share with them and they control your portfolio. But until you sell/buy more, it's essentially sitting there. So they buy/sell your portfolio and if you decide to do something uncharacteristic, they have enough in stock they can still cash you out or shift some values from another person's portfolio.

Much like keeping your money in a bank. It becomes part of their assets with which they invest/loan/etc with your assets but you're so insignificant alone, they can cash you out regardless if you like.

>>60704419
>who gives a fuck about the mechanics
The people making massive amounts of money in the cracks of the system do, dipshit.

>>60704502
I rent a car from you
I sell it for 10
The car price goes down to 5
I buy the car for 5 and give the car back to you

Profit

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What is happening is that the issues of the 2008 crisis were never resolved.
The issue is that the global economy is overburdened with debt, whether individual personal debt or government debt.
Governments around the world saved the system by creating more debt and pumping economies with tons of money, effectively trying to recreate the system that had just crashed.
The debts eventually need to be paid, but to do so kills economic growth.
Think of it this way, for every dollar that is spent paying off debt, that's just one less dollar that will be spent on producing actual goods and services (i.e. growth).
Basically there's only really two ways out:
1. Actually address the debt issue, but consequently cause a crisis due to lack of growth and contraction.

2. Prop up the system by flooding the economy with more cheap money (i.e. debt) to inflate the system even more to keep the ride going. The problem with this option is that it doesn't actually solve the problem and pushing the issue further down the road. This might seem attractive, but it will eventually get to a point where it breaks the system and the economy will be in such a weakened state that it can't recover, thus resulting in massive global war(s).

>>60704502
Well, you can do it with a naked short, in which case you really don't own it. It's illegal, but widely done.

Another thing you can do is borrow it from somebody else in order to sell, buy it back at a lower price, and then give it back to the guy you borrowed it from. And of course all this is just book-keeping entries, so the ways in which this practice becomes essentially the same as a naked short are limited only by the imagination (what they call "financial innovation" to help drive our economy.)

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>>60698603

>>60704502
And you're right in your analogy. What your describing as a bank account is a margin account. And if they screw up with buying and selling your money, then you get a margin call, and you can either give them more money and hope they fix up the problem, or they can just outright say "sorry we lost your money" and you're fucked.

See also: MF "oops we lost trillions of dollars and don't know where it went and it's not our fault, damn it feels good to be a gangsta" Global.

>>60702918
Eastern Canadian logic folks

>Oil doesn't affect us
>We fuel or industry and fertilize our crops with fairy dust
>This plastic bottle? It's made out of recycled materials which were recycled using human farts
>Check out my electric car Jean. I just plug it into this magic hole and poof.

At least it's still better than your average western liberal. Your not so close.

>>60704686
I don't need a phd in market microstructure to press a red button when something is going down.

Most of the bank traders don't either, that's what quants are for.

>>60702930
>All these guns
>No bullets

>>60704738
is >>60704695
a naked short?

Thanks for the car analogy too. That made it make much more sense on a person-person level.

>>60705262
No, a naked short is when you don't even borrow the car in the first place. The guy you sold it to and bought it from never had the car either.

Idiots.

Putin: " We will stop selling oil when it reaches 0$ per barrel. "

Did none of you read news ?

If you think oil price drop will btfo Putin you are all insane.

>>60702906

Depends on how long you're going to hold it is the short answer.

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OP here, the good thing about the oil market is that it never stops

24/7 mother fuckers

http://www.bloomberg.com/quote/CL1:COM

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>>60695471 (OP)
fuck my life
Russian economy will crash for real

2x devaluation incoming

>>60705345
>Egg7FvJl
>Egg
kek

Nobody here is saying anything about Russia, FYROM.

>>60705345

Acting like it isn't costing them a fortune every week is just dumb.

>>60705468
Don't worry, Ivan. When trump is president, we're going to form a russian allegiance instead of another decade of tenuous 'peace'

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>>60704502

This explains it pretty well:

>http://www.investopedia.com/video/play/short-selling/

>>60705428
This is a good chart.
http://www.forexlive.com/livecharts?tvwidgetsymbol=FX%3AUKOIL

Good site as well, nice mix of fundamentals and technical from pros with a cynical mindset.

>>60705551
ok mormon. You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly You clearly

mormon.

>>60705812
I think your script has a glitch

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>>60704041
If it's war you want...well you pretty much just won.

But c'mon. Nobody attacks Canada. You'd be asking for some serious end of world war if you did that. I'm sure the Ruskies would help if we offered them anal.

I wait long for Saudi Arabia to turn back into pasture land.

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This is a big move, but you wouldn't be exactly amazed to see a massive clearout and bounce coming up. That 2008ish low is a really pure natural support area. If it can't make it back over and bounces down, then there's trouble.

>>60695892
>selling while the market collapses
>Not making purchases as it falls

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>>60703115
I don't know. I just know that tools and guns have value either through their use or resale. That value doesn't really diminish. The way the world is right now. Syria, Europe, oil, etc... No fucking way my money goes into make believe assets like stocks.

>>60705569

>be russia
>have nukes and sci-fi weapons ready in 3,2,1.
>have the biggest country in the world
>have insane amount of rare and common resources
>have population of 143.5 million
>have spies infiltrated in every major country infrastructure.

>care about cucks, others opinions, feel thretened in any way possible

pick one

>>60703967
More and more companies will look to sell. Many Canadian companies have already cut their losses by selling to foreign interests. That trend will continue. The production will be cut back as much as it can, but they will still expect the market to turn around because Oil always goes back up.

>>60705899
your mormon has mormon has mormon has mormon has mormon has mormon has mormon has mormon has mormon has mormon has mormon has mormon has mormon has mormon has mormon has mormon has mormon has mormon has

mormon

>>60695471 (OP)
The best part is it's not going back up anytime soon and maybe low for decades.
Bank u Jebus!

>>60704107
kek

>>60705672
Thanks. Didn't realize this was something one guy could negotiate with a firm.

Which makes me wonder, how does an individual make sure his stock shares are actually his?

>putting the shares under your mattress as opposed to in a pool with a bank
If I didn't want my shares to be part of a firm's assets to be possible to lend to a third party for the purpose of shorting.

>>60706217
Are they trying to develop anymore resources though?

>>60695471 (OP)
Only Russian propaganda could make cheap gas look like a bad thing

So would now, or at least when the price of oil bottoms out, be a good time to invest? It's gonna jump up again in the future, right?

>>60703887
you ring up your broker and say "hey i want to sell 1000 shares of (whatever) at this price (let's say it's $50/share)" even though you don't own any shares of (whatever)

broker says ok and gives you $50,000 and you now owe the broker 1000 shares of (whatever), since you didn't actually have any, by some agreed-upon time

shares of (whatever) then plunge from $50 to $40

so after that happens you buy 1000 shares for $40,000 and give those shares back to the broker who you still owe

pocket the $10,000 difference

>>60706217

Hmm... RIDF, please go.

Shit, at least use the flag of a relevant country like Montenegro.

>>60702956
Yes, this happens because of the Federal Reserve.

>>60706118
I wouldn't call it a collapse yet.

>>60706350
It comes down to trust, mainly. If you think about it, the "market" is just a massive amount of people acting in what they perceive to be their own interests. (And these days also computers programmed to act in what some people perceive to be in their own interests.) So that makes the whole game as psychological as anything else.

>>60705658
we wont survive a year with brent 30 ( our urals sells even cheaper)
AND Russia being pushed out by Mid East oil, also eurocucks would prefer to buy from their mudslim buddies to punish Putin

>>60695801
Industry is cheaper
Food is cheaper
Transportation is cheaper
Oil exporting countries which happen to be the evilest in the world plus a few outliners like norway and canada crumble.

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>>60706506
Ok, why would the broker agree to those terms?

What's to stop me from leveraging a huge portfolio of borrowed stocks from multiple brokers at different firms, pocketing the money, and flying to a non-extradition country?

Obviously(?) it'd be fraud/illegal to do that. But surely there's some way they manage that risk.

>>60706660
I know kung fu.

Too bad China doesn't have futures, they would be crashing

>>60706841
Might as well get busy bombing the oil while you're already bombing ISIS.

>>60706841
this
>>60707036
And you better do as much damage as you can before Trump takes office since part of his marketing pitch is that he's going to extradite all that iraqi oil like we should have back during bush.

>>60707020
let's say i'm the broker and i have the 1000 shares initially worth $50,000

if i agree to the deal and i get them back then i'm out $10k

if i just sit on my shares and not agree to any deal then i am still out $10k anyway

however, short selling is extremely risky because if the stock goes up then you are absolutely fucked

if you just buy something outright, you can only lose the amount of money you spent -- if you short something, there is no limit to how much you can lose

>>60707036
very possible
or might bomb Turkey
anything can happen if Putin's regime gets in real danger

Where the fuck are the millions of Mexicans trying to escape Mexico?

Oil prices are tanking and their dollar keeps dropping?
How long will it take for them to forget about El Chapo and realizes their situation?

Trump needs a final push into Iowa, get to spics and invade like crazy.

>>60703231
oh god why

it's gonna be fine guys