Oil plunging to unprecedented lows with more output cuts on the way

[Walter]

Absolutely.... For someone to win, some else has gotta lose

Not in capitalism, cuz the pie can always be made bigger.

 

[captain morgan]

Tell that to the folks that bet wrong

 

[Avro52]

Not in capitalism, cuz the pie can always be made bigger.

You sell Amway products don't you?

 

[mentalfloss]

Enjoy it while you can

I'll be enjoying it the rest of my life lmfao

Absolutely.... For someone to win, some else has gotta lose

Yeah, renewables here we come baby.

 

[captain morgan]

Yeah, renewables here we come baby.

Wow..... That's some amazing logic

 

[mentalfloss]

Jason Kenney thanks you for your service.

Enjoy the early suppositories.

 

[Walter]

The lower oil price means folks will continue to use oil since there will be no need to look for a cheaper source of energy.

 

[Hoid]

I understand Mr Kenney is mulling over Nationalization.

It seems the feds are stuck with all the legacy costs of this horrid industry anyway.

 

[Avro52]

Wow..... That's some amazing logic

Didn't you hear?

We will be running the entire economy on rainbows starting tomorrow.

 

[Avro52]

I understand Mr Kenney is mulling over Nationalization.
It seems the feds are stuck with all the legacy costs of this horrid industry anyway.

The horrid industry that built everything around you including the house you're in and the food in your gut.

 

[mentalfloss]

Didn't you hear?
We will be running the entire economy on rainbows starting tomorrow.

Did you hear?

Radical right-wing talking points are just as ineffective as the left wing ones.

 

[mentalfloss]

The Oil Market Crash Is Far From Over

The financial pain on oil producers will be extreme. Roughly half of the largest 60 independent U.S. oil companies will likely need to find a way to secure more liquidity, according to Reuters. “The restructuring guys are extremely busy. I don’t think they’ll be busy for just this year - I think it’s a multi-year process,” James West at investment bank Evercore ISI told investors on Wednesday.

https://oilprice.com/Energy/Oil-Prices/The-Oil-Market-Crash-Is-Far-From-Over.html

 

[NZDoug]

The Oil Market Crash Is Far From Over
The financial pain on oil producers will be extreme. Roughly half of the largest 60 independent U.S. oil companies will likely need to find a way to secure more liquidity, according to Reuters. “The restructuring guys are extremely busy. I don’t think they’ll be busy for just this year - I think it’s a multi-year process,” James West at investment bank Evercore ISI told investors on Wednesday.
https://oilprice.com/Energy/Oil-Prices/The-Oil-Market-Crash-Is-Far-From-Over.html

Does it get any better???

 

[Walter]

Oil is and will will be for generations to come the lifeblood of civilization.

 

[NZDoug]

oil is and will will be for generations to come the lifeblood of civilization.

mate

maga

 

[mentalfloss]

Oil is and will will be for generations to come the lifeblood of civilization.

 

[Hoid]

09:46 am CST 24/04/2020

Western Canadian Select
1.100 +-167.90%

In case anyone was still interested oil from Canadian oil sands is virtually worthless.

 

[gerryh]

09:46 am CST 24/04/2020
Western Canadian Select
1.100 +-167.90%
In case anyone was still interested oil from Canadian oil sands is virtually worthless.

And so is your opinion. So what's your point?

 

[mentalfloss]

09:46 am CST 24/04/2020
Western Canadian Select
1.100 +-167.90%
In case anyone was still interested oil from Canadian oil sands is virtually worthless.

Ouch.

No wonder the oil execs are jumping to renewables.

 

[petros]

Why? What renewables? Is that catch phrase still around with you Gen Y types?