Oil is finished. You’ll be visiting it at the graveyard, not before long.
WTI down ~3% for the session
Oil and gas stocks are now down 5% for the day.
Notable: High yield bonds are starting to get hit. This is common-fucking-sense. You idiots should die in fires for buying JNK and HYG up here. With oil getting mashed, expect credits to get hit next.
Do you think this is because of the emergence of new alternatives?
Specifically has the market finally gotten wind of the fact that POTUS is serious and clean coal will be what powers America’s new greatness in the 21st century and beyond?
ha, funny
Maybe price weakness is due to deep state attempt to weaken Russia.
Some fund somewhere must have blown up sending /CL down.
I think Oil needs to start wearing some Ted Baker suits and purchase some stylish rings and quit being such a piker.
It would be nice to see bottom-low prices at the pump. Instead, I expect additional taxes on gasoline at the pump.
Fly,
How would do you play the impending credit hit?
puts on oil stocks. Credit won’t get hit unless oils get fucking demolished
I guess trump&co go home before what i thought , the story of Felix Sater and Bayrock is the best direct real russia-mafia -fbi-US – blockbuster script that’s not been written still , but I guess “somuellerone” is yet advanced is studying the matter before a super mega movie is done
https://www.bloomberg.com/view/articles/2017-06-21/trump-russia-and-those-shadowy-sater-deals-at-bayrock
the good part is , Us people got fucked both holes , front and behing , by libtards and mafia ; they can learn and hopefully have learned a lesson . With Gowdy and some other gods supervision , this whole fuck mess can result in a better tomorrow .
The best part is , no one want to touch wall street stability ,and wall street will celebrate a renewed glory .
Great now the people living in suburban hell can drive their SUVs even more and get even fatter. As a civilized urbanite and someone who rarely needs a car, I could care lies. Suburbs are hell.
Try owning an exotic car in the city. Move to a better suburb.
Aren’t you the idiot who told me that you live in a 900k house and your kids all hanging out wth muslims? Lol
Oh no mine is more than that, 900k is starting price.
$40 to $60 range still in tact. On the one hand technology smothers commodities over time, on the other hand, how to continue civilization without gasolene. Viewing large cities operating today on gas, without gas is not an option. Nat gas same story. So buy some low nowabouts.
Oil is dead. The future is here:
http://jalopnik.com/gm-once-built-these-fascinating-coal-powered-turbine-ca-1791842557
I’m sorry but HYG being down one half of one percent = getting hit?? lol
The only thing that can prevent oil from sitting below the $40 range for an automatic extended period ( think decade) is a full scale war in the Mideast. (Think Armageddon)
Talking with a state representative at a meeting a year ago and he said multiple geologists from the majors have told him Michigan…yes Michigan, is sitting on top of one of the largest fields of sweet natural gas and oil in the Western Hemisphere.
It will remain untapped until crude stays above $60 due to cost of production.
Then so shall it be. Oil is cheaper than shoe leather today.
You guys notice that all the corelations are off. Market is looking chaotic is term of relationship. Note how equities are moving in unison. The wheel’s are getting loose.
Rotation into healthcare going on. Get you some!