The price of oil

[cloudsurf]

Canadian Tar Sands heavy oil has collapsed to $5.00 a barrel....that is a fraction of what it costs to produce or even to ship. Is Alberta going to collapse ?
Only the environmentalists are winners in this situation. Canada is an oil and raw materials based economy for the most part. The Canadian dollar will continue dropping as exports shrink.

 

[oobe]

Only the environmentalists are winners

And maybe people who live in the environment?

 

[donbusch]

If you can get yr empty barrels all the way to Alberta’s Athabasca oil sands or Texas Permian Basin, the oil producers will top u up for free, might even pay u.

The planes aren’t flying plus people r working fr home and driving only to supermarkets. Don’t see demand coming back soon. Forget abt bailing out the oil industry, it’s just gonna be a zombie. Just focus on disaster relief for the oil workers.

 

[Doc Holliday]

On Wednesday oil at one time went below $0 a barrel!!!!! Can you believe this???

It ended up at around $1 a barrel and the markets are panicking!!

Trump got fucked by Putin & MBS again into making him think they had reached a deal by reducing production by 10%. All they wanted was to get him to open his big mouth again & claim he negotiated a major deal with them & that their private war was over. They made him look like a fool again!! And again!!!

What they really want is to assassinate the US oil industry by flooding the market with oil at the worse possible time for the diseased United States of American with their crazy incompetent President running the show! And it's working!!

Putin 1
America 0

MBS 1
America 0