Not the kind of thing you expect to see in Canada.
Re: Random Discussions
Posted: Mon Apr 20, 2020 3:38 pm
by shel311
Can someone explain what is going on with the price of oil today?
Supposedly it crashed to negative...less than $0?
I'm so confused
Re: Random Discussions
Posted: Mon Apr 20, 2020 3:55 pm
by Cnasty
I thought I read its negative because the producers are actually paying the BUYERS to take it off their hands because they have nowhere else to store it.
Re: Random Discussions
Posted: Mon Apr 20, 2020 3:56 pm
by Crowes
shel311 wrote: ↑Mon Apr 20, 2020 3:38 pm
Can someone explain what is going on with the price of oil today?
Supposedly it crashed to negative...less than $0?
I'm so confused
Lots of product no demand?
Re: Random Discussions
Posted: Mon Apr 20, 2020 3:56 pm
by shel311
Cnasty wrote: ↑Mon Apr 20, 2020 3:55 pm
I thought I read its negative because the producers are actually paying the BUYERS to take it off their hands because they have nowhere else to store it.
Feels like this would almost immediately put a couple of huge companies out of business quickly, no?
Just seems like this should have some enormous economic impacts...I just have no idea what though.
Cnasty wrote: ↑Mon Apr 20, 2020 3:55 pm
I thought I read its negative because the producers are actually paying the BUYERS to take it off their hands because they have nowhere else to store it.
Feels like this would almost immediately put a couple of huge companies out of business quickly, no?
Just seems like this should have some enormous economic impacts...I just have no idea what though.
Cnasty wrote: ↑Mon Apr 20, 2020 3:55 pm
I thought I read its negative because the producers are actually paying the BUYERS to take it off their hands because they have nowhere else to store it.
Feels like this would almost immediately put a couple of huge companies out of business quickly, no?
Just seems like this should have some enormous economic impacts...I just have no idea what though.
Headline reads alot worse then reality according to the article.
Thanks, that definitely makes it make a lot more sense.
That being said, it seems like until we re-open, this issue would persist each week or month or however when these contracts come up, which would seemingly be a hit to the tune of billions for these oil companies.
From my perspective of having no clue about that field, it just would seem like this would be something that would/could completely cripple an industry and certainly some companies within that industry, but it almost reads as just a little blip on the radar, no biggie.
Re: Random Discussions
Posted: Mon Apr 20, 2020 9:32 pm
by GeorgesGoons
Kim Jong Un in grave danger after surgery.
Re: Random Discussions
Posted: Tue Apr 21, 2020 1:22 am
by GeorgesGoons
I wish I was high for this....
Re: Random Discussions
Posted: Tue Apr 21, 2020 11:51 am
by The_Niddler
Somebody has to be high as a kite to watch 2 1/2 hours of marble racing!
Re: Random Discussions
Posted: Tue Apr 21, 2020 11:54 am
by nick
i watched a bunch last night. Colliders was amazing
Re: Random Discussions
Posted: Tue Apr 21, 2020 12:05 pm
by GeorgesGoons
The_Niddler wrote: ↑Tue Apr 21, 2020 11:51 am
Somebody has to be high as a kite to watch 2 1/2 hours of marble racing!
The commentating was pretty funny though. At one point he said the block weight was lowered to prevent injuries...I laughed! And I wasn't high or didn't have a drink either. Just bored as hell
Re: Random Discussions
Posted: Tue Apr 21, 2020 12:12 pm
by shel311
The_Niddler wrote: ↑Tue Apr 21, 2020 11:51 am
Somebody has to be high as a kite to watch 2 1/2 hours of marble racing!
nick wrote: ↑Tue Apr 21, 2020 11:54 am
i watched a bunch last night. Colliders was amazing