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Three words... "not unequivocally good."
For the first time since February 2009, WTI Crude is trading with a $35 handle...
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"You know that feeling you get when you lean back in your chair too far and you think you're going to fall over backwards but then you don't? I feel like that all the time."
- Steven Wright
Price in the Baaken is 25 bucks at the well head. This is causing an exotic pain... Keep your eye on the Cmbs for this region. POOF- and its gone.
We've gone full retard.
Look slike Canada will joining the Turd-World in the next few months.
Ford announces that they will invest $5 billion in electric cars. By 2020 40% of Ford car production will be electric.
Ford.
It's all the competition from ISIS. How can anyone compete with Captagon-fueled head-choppers getting it for $0 at the well head?
Thank Chalky and his Saudi buddies for systematically flooding the world with oil to try to destroy the Russian economy. The House of Saud is his friend and constituent, he works for the House. Bakken is road kill. Chalky has lied at every turn. We were going to develop Bakken so the U.S. would be independent of foreign oil, remember?
You just need a little push
Oil is getting slithered .. 2008 lows.
http://hedgeaccordingly.com/2015/12/devils-gold-brent-crude-oil-dips-bel...
The world is like a giant papasan, they actually do tip over:
http://bloximages.newyork1.vip.townnews.com/stltoday.com/content/tncms/a...
Deflation is bad.
Anyone explain RBOB still being ridicilously rich to crude?
rbob is irrelevant this time of year
http://www.commoditycharts.com/charts/custom/RBF16/&overlay=CLF16&sp=&nasdaq=&dow=&page=chart&studies=Volume;&cancelstudy=
Short-term: http://www.commoditycharts.com/charts/custom/RBF16/&page=chart&overlay=CLF16&sp=&nasdaq=&dow=&studies=Volume;&cancelstudy=&type=LINE&a=I:60
on the monthly chart it looks like the tight correlation started to break down five years ago.
That's how they fuck you, fd. That's how they fuck you.
nirp can fix this
Peak oil! Peak oil!
Save yourselves!!!
Long tires. /s
tell that to a suburban idiot and see the WTF look on their face.
"It's all good, what's wrong with you? I'm loving it"--spoken right before getting hit by the oncoming train.
Probably a big part of this is the chinese selling instead of buying.
And I guess there is not much more space to store that stuff, so prices might go further south...
I'm a little bit worried what "measures" TPTB are contemplating (as we speak?) to get that price back above 40...
35 sounds really really terrible.
But hey: Here we have a great "excuse" not to hike next week, no?
"Crude Crashes 15% Post-OPEC To $35 Handle"
I'd like to see it read...Crashes to a $20.00 handle!
Two words... unequivocally good.
It is good.
Cheap gasoline means more for the "holidays".
More guns and ammo.
I wanna see the hedgies go tits up,the ones with the levered oil longs. No bailouts.....
"When the tide goes out ya get to see who is swimming naked!"
$35 oil = $2.25 gas?
Last year $60 oil meant $1.75 gas.
Gasoline should now retail for $1.35.
Fucking WallStreet traders. The margin for gasoline has never been higher.
Here in Dubai the price at the pump has not fallen a jot in the past 18 months. Not one fil (cent).
.....and some stubborn, hubris filled, long ONLY hedge fund BIG SHOTS haven't capitulated yet. Someone above commented that the oil snaking its way through Turkey cheapened all oil - spot on simple analysis that is fact.
Ahem. 26 here we come..