OIL MARKET: BREAKING: CME To Allow Listing Of Negative Oil Options Effective April 22!!!p836

Hope Luis' wife is okay. He is usually here when prices are plummeting!

Guns, ammo, freeze dried food, and secure retreats in Montana...

Sorry my friend it is you that doesn't get it

Once the smaller players have been crushed by the low oil prices they will get knocked out of the market, handing over the rest of the market share to all the big boys. These remaining large companies will collude to create a cartel and artificially raise the price they want to sell at since they will be the only ones supplying the market.

The economy may be bad but it's still hobbling along sufficiently to keep going. And while this is the case the consumer and companies will still pay over the odds for a necessity good, such as oil, if they are forced to. And in these economic times for the whole world to cut back big on oil demand would mean instant economic collapse and riots on the street. You have to bear in mind all the different ways in which we use oil. Commuting to work and transport of food for the world's massive population perhaps being the most important.

Oil being a price inelastic good will still be demanded very much even at $100-$120. Probably won't go much higher than that. All those profits will being going into the pockets of large companies too, and we all know what happen when the rich get richer, no not trickle down effect, but massive hoarding(on the whole).

So basically we can expect further income inequality, bigger divide between rich and poor. The economy will limp along but not crash, they'll pull out all the stops to make sure of that. Further jobs will continue to be created in the US economy, but it'll be 95% part time or temp jobs for a very low wage. This way of life will persist and Americans and many others across the world will suffer increasing economic hardship.... until we rise up and tell them no more, we won't want to be your slaves anymore and dispose of this rotten and corrupt system we have in place..... either that or there'll be ww 3 around the corner.

Crude dropped again, broke the $43 barrier. I think $43.56 is the new low record for this year.

Though they are fighting it off and it is climbing again...

I live in the oil capital of California and I have been recently laid off. I'm leaving this state for good.

Bakersfield's a pretty shitty place as-is. Can only imagine how much worse it'll get with a longstanding oil downturn. All that unemployment and lack of services from the city/county...on top of the huge uptick in illegal immigration over the last couple of years. It's gonna be a real dump...

Dow Jones Industrial Average (^DJI)
-DJI
17,325.59 Up 134.22(0.78%) 1:59PM EST

all pretty much APPL: Apple

yep - Bakersfield is a dump - get out - this will be nasty for a place like Bakersfield

so you see it coming back ?

what is shaping up is not just a crash

it will be a complete reset - massive - nothing like this has ever happened - call me crazy but it is headed to the cliff and nothing will be left

they TPTB want a complete new system and they have had it planned for years - I know wowowowowo but it is what it is

What if it gets below 40?

well i guess it could accelerate SHTF...but really, it's arealdy too late...

Smaller companies that are dependent on oil at $80+ or maybe even $60 worse case, are going to go bust...this is going to be the blow up of the junk bond market which will be about 6x that of the sub prime fiasco...the MSM is really touting the 'consumer spending' angle because short term it's not bad for the everyday citizen, but what's gonna happen in 10-12 months or so when these companies are bankrupt? Doom, and it could come sooner once the market realizes this...and that doesn't even include oil derivatives, much less, INTEREST RATE derivative contracts which are teetering due to currency wars, but that's a whole different story...we wont get through the year without a major SHTF moment...i've never been more sure.

Last Edited by PANIK on 01/29/2015 02:21 PM

yep - its already written for those that care to read

most don't

yep... I truly believe this fall is when things go haywire, based on financials and also blood moons/shmita year....Stay safe brother in these trying times.

ty Luis, another fine day =) ty

You bet! And i don't see oil decoupling... so maby new lows soon...

U.S. stocks end on a strong note as oil rebounds
Published: Jan 29, 2015 4:06 p.m. ET [link to www.marketwatch.com]

Senate passes bill to approve building Keystone XL pipeline
Published: Jan 29, 2015 4:10 p.m. ET [link to www.marketwatch.com]

Chad Pergram @ChadPergram · 4 min Há 4 minutos
Senate ok's #KeystoneXL bill, 62-36.