Oil down hard thank Saudi

[sumdumguy]

Agree Agstar, big trade war has been smouldering since Trump election. This may be the long-predicted war over oil. How many commodities go down with the ship, that’s my worry. No world power houses want to see America great, no matter how buddy-buddy.

[jazz]

Saudi and Russia fund their entire countries budgets on the backs of oil. How long can they run a trade war? They lose revenue at these prices too. I predict maybe 2 months of this. US shale isnt going ti budge and Trump isnt going back. Better get used to the new way of doing things.

So long as US has the reserve currency, controls world finance, they can crush Russia and Saudi if needed.

[agstar77]

The U.S. could have put the screws to the Saudis by cutting off military supplies. They could punish Russia by giving Ukraine more aid. Not under Trump.

[sumdumguy]

Big buy opportunity for oil, just say when!

[foragefarmer]

Economics 101 guys, supply and demand. Just like grain farmers oversupplying and the prices go into the shitter.

Now we know why Teck pulled out, over production cost to produce the oil and with prices $34.00 barrel for the good stuff not the oil sands discounted product it was a smart move on their part.

Now guys "we have the rest of the story".

[SASKFARMER]

Forage in your world that’s the rest of the story in the real world it’s a correction and Trudeau is to blame for any company pulling out of canada.

I’ll put it in terms you might even get

You have to go pee and only one bathroom in a city but you have to do a proposal to pee to get in. Before Trudeau it was environment and jobs and safety etc. Easy to go pee.

After skippy you had to do a gender which one are you out of 400 plus study the flow of the water out of the toilet that the gov already has. Delay and delay till you either piss your pants or piss in the bush and leave.


That’s canada in a nut shell a shit hole pissed up place.

I’ll bet on the USA till my last breath and canada well keep voting for morons like Trudeau and you won’t be around to much longer.

[foragefarmer]

Here I'll put in terms that EVEN you'll understand. MORE oil in the MARKET with less being CONSUMED.

Hmmmm price goes DOWN!!

To much sun Golden spoon Boy?????

[Oliver88]

Down only 6.10 now so stabilizing.

But this is about the saudis and Russia going after USA shale. Now if the USA was like canada they would kill shale from within but this is the USA it won’t go down without a fight.

Follow the money.

Skippy is crying under his desk.

[ATTACH]5684[/ATTACH]

Skippy isn’t on a personal day?

[furrowtickler]

Here I'll put in terms that EVEN you'll understand. MORE oil in the MARKET with less being CONSUMED.

Hmmmm price goes DOWN!!

To much sun Golden spoon Boy?????

So Tech knew ahead of time there would be an oil war with Saudi and Russia ?
Before that and the corona virus oil was holding steady .
I would say it was a combination of a very poor business climate in Canada , AKA pipeline disputes / rail disruptions and oil that was hovering around $34.
Then add corona virus into the mix, and yes demand dropped . It was the combination of all of that most likely .
Not just one thing , there is always more to every story.

[sk_wheatking]

The U.S. could have put the screws to the Saudis by cutting off military supplies. They could punish Russia by giving Ukraine more aid. Not under Trump.

That's right!!! Also they can use the blankets Obama gave Ukraine to cover over the shut in wells.

[blackpowder]

EVEN I can understand that a 7 year study, with yet endless delay, on a project with a lifespan of 30+ years is ridiculous.
Had it been built by now, the money would be in our economy now. The profits at $50 would have been there at the time.
So turn off the taps at $20.
Turn them on again later.
Where would we be getting our potash from otherwise?
If the company thought it was feasible to spend the money here at the time we should have kissed it's ass.
Now we have our thumb up ours for a long long time.
Hopefully our kids or grandkids benefit when oil is $100 again and someone gets off their ass to dig it up.
Maybe we'll look like geniuses then.

[Oliver88]

Demand for energy is actually increasing every year.
Lefty environmentalists prefer China to burn coal instead of much cleaner LNG from Canada.

[SASKFARMER]

Forage I love i you our NDP ways throw jabs because you think that makes you big.

Yea even you could make real money on this down trend.

Here is a tip when it hits 18 and all are running one way jump in and buy hard then watch it rise and sell at some point.

Ah farming isn’t the only game in town. Real money is made away from the farm.

But to a socialist it’s all bad.

Sunny here today I think I’ll golf then sit in the pool.

Golden boy a hahahahaha

[jazz]

Best way for trump to get that oil price back up is park a carrier battle group right in front of the strait of hormuz.

But maybe this is a 3way war. Russia trying to break US shale and Saudi trying to break Russia for the US.

https://mailchi.mp/zeihan/the-oil-wars-are-going-viral The Oil Wars Are Going Viral

[foragefarmer]

Just like the Demand for food(farm commodities) is actually increasing every year.

What has your farm gate price done?