Posted on 03/09/2020 11:41:24 AM PDT by Enlightened1
Not all panic can be explained rationally.
You may have the right understanding and be wrong in the financial markets.
Your right on!
In the article, it told that the 42 gallon barrel weighed about 300 lbs, the most a man could wrestle. Wagons hauled the barrels from the field. Interesting that John D’s Standard Oil made its own barrels.
Covid19 isn't good visually. It's usually ambulances, and people on respirators. Visuals of quarantined houses isn't a winner. Every failure by the feds gets attention, etc. Throw in visuals coming out of Italy and other such scenes.
He looks gun shy on this one. It's hard to create a good visual when the winning is people who don't get sick, or a recovery that doesn't have a tv crew outside their home. All deaths will get attention.
It’s not a direct link.
A surplus in oil means that it’s not getting used. Why isn’t it getting used? Because all sorts of production is slowing down. That has been happening for a few months now.
So...it’s not that oil drives the price down, it is that oil is an indicator for the production in nations.
Does that make sense?
It’s been a rough day; hit my IRA hard...but your “meme” is very funny!
Its in the shared concerns; the frank acknowledgement that we are in this together, coupled with the demonstrated traditional American success approach—that however long it may take us, we will make it, etc., if we all pull together.
Oil prices down = lower gasoline prices. Every year beginning in late April gas prices go up until June. They they stay steady all summer and go down in the fall.
This year they may go down! that is a good thing! we save money!
The sacred DOW will go up again, and investors will stop jumping off tall buildings.
Nursing homes are soooooooo vulnerable.
Trump speaking as a loving father to his extended family helps him visually & emotionally. The formula works.
No!
How about you?
Yes. Big Oil (BP, RDS, XOM) at multi-year lows. Had been accumulating their dividends since I bought them back in 2015, and put the money back to work.
Check my tagline!
Some powers that be, are working hard to do just that.
A lot of internet bs going on the past few weeks.
Oh my gosh, that is amazing to think about!
Democrats and their complicit media are doing their best to hope for a severe virus epidemic and a crashing economy. Wow, what great Americans they are!
“That’s why I got rid of almost all my stocks in December. I’ve only taken a 2% hit with all this craziness in the market.”
Probably not a good time to be bragging about that. By the way, why aren’t you jumping back in? I sure would if I was you. Bargains galore.
Buy barrel futures instead of oil futures!
:D
Thanks, Lt.
Yes, it does make sense. But it leads to another question.
If the massive drop in price is due to a price war between OPEC and Russia, then at least a major portion of the decline is related that, more than to production, isn’t it? Don’t the markets take that into account?
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