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The World's Oil Giants Got Crushed (stocks)
Business Insider ^
| 11-28-14
| MYLES UDLAND
Posted on 11/28/2014 4:20:56 PM PST by dynachrome
click here to read article
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The DOW will be way up Monday, no doubt.
To: dynachrome
All by design. OPEC is trying to bankrupt the smaller players. Sure it’ll hurt them too in the short term, but they will be the last one standing.
2
posted on
11/28/2014 4:24:41 PM PST
by
KoRn
(Department of Homeland Security, Certified - "Right Wing Extremist")
To: KoRn
Certainly isn’t going to make “green energy” any more viable from an economical perspective.
3
posted on
11/28/2014 4:26:56 PM PST
by
kjam22
(my music video "If My People" at https://www.youtube.com/watch?v=74b20RjILy4)
To: KoRn
All by design. OPEC is trying to bankrupt the smaller players. To be more precise OPEC is trying to shut down our fracking.They can't be allowed to succeed.
4
posted on
11/28/2014 4:27:04 PM PST
by
Gay State Conservative
(Jimmy Carter;No Longer The Worst President In My Lifetime)
To: KoRn
aka The Rockefeller/Getty method.
To: dynachrome
Brent Crude is down to 70. T Boone Pickens said it would never go below $100.
6
posted on
11/28/2014 4:29:14 PM PST
by
AppyPappy
(If you are not part of the solution, there is good money to be made prolonging the problem.)
To: dynachrome
7
posted on
11/28/2014 4:29:25 PM PST
by
nascarnation
(Impeach, Convict, Deport)
To: Sacajaweau
A lot of the smaller ones down 25 %
..Really makes no difference to the company unless they want to sell more stock..the shareholder takes the short term hit..
8
posted on
11/28/2014 4:32:30 PM PST
by
Hojczyk
To: dynachrome
Long term buying opportunity. Those big suppliers aren’t going anywhere, but in the short term they might reach affordable.
9
posted on
11/28/2014 4:33:49 PM PST
by
Steamburg
(Other people's money is the only language a politician respects)
To: AppyPappy
“Brent Crude is down to 70.”
WTI last print was $66!
10
posted on
11/28/2014 4:37:44 PM PST
by
Attention Surplus Disorder
(At no time was the Obama administration aware of what the Obama administration was doing)
To: dynachrome
Deflation - what if its $50 a barrel? Gas prices at the pump are already $2.25. We may see them go down to $1.75 soon.
11
posted on
11/28/2014 4:44:48 PM PST
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: Attention Surplus Disorder
Brent’s always more expensive than WTI.
12
posted on
11/28/2014 4:45:11 PM PST
by
PAR35
To: Attention Surplus Disorder
Please some tell me this is because the US economy is firing on all cylinders and Obama is pulling us out of a long Bush caused recession /sarc.
13
posted on
11/28/2014 4:45:18 PM PST
by
wetgundog
("Extremism in the Defense of Liberty is No Vice" -AuH2O)
To: wetgundog
14
posted on
11/28/2014 4:47:51 PM PST
by
nascarnation
(Impeach, Convict, Deport)
To: dynachrome
Why would the price of oil going down be a bad thing?
15
posted on
11/28/2014 4:52:27 PM PST
by
babygene
To: kjam22
To: Gay State Conservative
To be more precise OPEC is trying to shut down our fracking.Exactly. And with the help of the left and that jug-eared jackass in the White House, they just may succeed.
17
posted on
11/28/2014 5:01:13 PM PST
by
South40
(Hillary Clinton was a "great secretary of state". - Texas Governor Rick Perry)
To: wetgundog
"Please some tell me this is because the US economy is firing on all cylinders and Obama is pulling us out of a long Bush caused recession /sarc."
Tune into the next obama speech and you'll get it straight from the ass's mouth.
To: dynachrome
Also some related industries are geting slammed too. American Railcar Industries, (ARII) a manufacturer of tanker rail cars, is down 13%.
To: babygene
“Why would the price of oil going down be a bad thing?”
Because it may be a sign that the world economy is slower than believed.
If the economy was turning around there would be more demand for oil.
20
posted on
11/28/2014 5:10:23 PM PST
by
Mount Athos
(A Giant luxury mega-mansion for Gore, a Government Green EcoShack made of poo for you)
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