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Guess What Happened The Last Time The Price Of Oil Crashed Like This

 
Anonymous Coward
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12/02/2014 09:59 AM
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Guess What Happened The Last Time The Price Of Oil Crashed Like This
There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded the great financial collapse that happened later that year by several months. Well, now it is happening again, but this time the stakes are even higher.

If the price of oil stays at this level or continues falling, we will see a significant number of U.S. shale oil companies go out of business and large numbers of jobs will be lost. The Saudis know how to play hardball, and they are absolutely ruthless.
[link to www.talkmarkets.com]
Anonymous Coward
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12/02/2014 10:02 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
bump
Anonymous Coward
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United States
12/02/2014 10:06 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
But the Western media said it was to hurt Russia
lmao

Question: has a shill ever produced any oil or energy yet?? still waiting for this return on all these lies.
Anonymous Coward
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Belgium
12/02/2014 10:06 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
second half of 2008 it indeed dropped from 100 to 40 but thats because the stockmarkets where hammered around the world at that time and the economy was slowing down because of the financial crisis.

Now stock markets are still rising. You can't compare the 2.
Anonymous Coward
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12/02/2014 10:08 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
But the Western media said it was to hurt Russia
lmao

Question: has a shill ever produced any oil or energy yet?? still waiting for this return on all these lies.
 Quoting: Anonymous Coward 65645457


story of the little bot and psyop that could
[link to www.google.com (secure)]
Anonymous Coward
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Belgium
12/02/2014 10:09 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
second half of 2008 it indeed dropped from 100 to 40 but thats because the stockmarkets where hammered around the world at that time and the economy was slowing down because of the financial crisis.

Now stock markets are still rising. You can't compare the 2.
 Quoting: Anonymous Coward 65659308


and btw the crisis of 2008 already began in aug 2007 and at that time oil price was still rising.
Anonymous Coward
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12/02/2014 10:12 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
The drop in oil is entirely a result of Saudis. I have it on good word (direct) that they lied (again) about their intentions so they could inflict the most damage to the US and Canadian shale industries. They trapped them into thinking they are not behind the drop in oil and that they wanted the price to rise (they do want it to rise and their 24 month target is again $150pb but only if they can eliminate the competition through illegal ways. However, as OPEC is in itself an illegal entity (a cartel) they don't care about international rules. The bitter sweet ending is that three of their main wells are almost dry. I created an entire thread about this before it happened. That is all I will say.
Anonymous Coward
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12/02/2014 10:13 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
But the Western media said it was to hurt Russia
lmao

Question: has a shill ever produced any oil or energy yet?? still waiting for this return on all these lies.
 Quoting: Anonymous Coward 65645457


Western media has relatives living in or having lived in Communist Russia.
Their allegiance is not to the US.
Its war by deception.
Anonymous Coward
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12/02/2014 10:13 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
This is really just part 2 of 2008.
Anonymous Coward
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12/02/2014 10:13 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
This is really just part 2 of 2008.
Anonymous Coward
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12/02/2014 10:38 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
Still don't know why is dropping so fast in such a short period of time.

Can someone explain that?

Please don't quote the shills at CNN
Anonymous Coward
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Philippines
12/02/2014 10:47 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
Oil peaked in mid 2008 and at that time stocks peaked. Oil bottomed out in later 2008. Stocks bottomed in April 2009.

past performance is no guarantee though
Anonymous Coward
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Philippines
12/02/2014 10:52 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
second half of 2008 it indeed dropped from 100 to 40 but thats because the stockmarkets where hammered around the world at that time and the economy was slowing down because of the financial crisis.

Now stock markets are still rising. You can't compare the 2.
 Quoting: Anonymous Coward 65659308


yes

but who is buying the stocks

hiding
Anonymous Coward
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Germany
12/02/2014 11:00 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
This is really just part 2 of 2008.
 Quoting: Anonymous Coward 58960462


ohyeah Kicking the can 6 years....
Anonymous Coward (OP)
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12/02/2014 11:08 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
This is really just part 2 of 2008.
 Quoting: Anonymous Coward 58960462


ohyeah Kicking the can 6 years....
 Quoting: Anonymous Coward 65685461


exactly.
It can only go on for so long.
Anonymous Coward
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Philippines
12/02/2014 11:19 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
This is really just part 2 of 2008.
 Quoting: Anonymous Coward 58960462


ohyeah Kicking the can 6 years....
 Quoting: Anonymous Coward 65685461


exactly.
It can only go on for so long.
 Quoting: Wash


unless you start kicking your creditors
Anonymous Coward
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12/02/2014 11:49 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
Everyone knows this OP, The US needs to subsidize the fracking companies to get them through this while simultaneously opening the SPR to plummet the price of oil to $10 barrel.

I give it 4 months to completely bankrupt OPEC.

Then tell the ragheads that if they ever attempt anything nefarious again that we will nuke mecca.
Anonymous Coward
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12/02/2014 11:54 AM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
Here are some peculiarities I've noticed.
Oil price falls after QE ends. Shrinking of money supply.

2008 happened when banks stopped lending. Shrinking of the money supply. It first was noticed in house prices, then commodity prices, then finally the whole market collapsed.
Anonymous Coward
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12/02/2014 12:43 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
The Saudis can pump a barrel for $4, add in the cost of transport and they can make a profit on $10 a barrel; this will idle all the fracking and shale oil sites, and those companies will have to default on their development loans, as well as lay off 1000s of workers.

The shale oil and fracking jobs were really the only jobs that were added to the US economy since 2008, so there goes that..
Anonymous Coward (OP)
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12/02/2014 12:43 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
thanks for the pin.
-VonamoR-

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12/02/2014 12:45 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
Fuck fracking, I hope it goes out of business ASAP for the better of Earth.
-VonamoR-

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12/02/2014 12:48 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
The Saudis can pump a barrel for $4, add in the cost of transport and they can make a profit on $10 a barrel; this will idle all the fracking and shale oil sites, and those companies will have to default on their development loans, as well as lay off 1000s of workers.

The shale oil and fracking jobs were really the only jobs that were added to the US economy since 2008, so there goes that..
 Quoting: Anonymous Coward 61037425


When Obama started ACA, a lot of full time jobs were cut to hire more part time.

This was done to avoid massive costs from Obama Care.

So 1 80 hr paycheck employee is backed up to part time 40/hrs/week and hire a new employee at 40/hrs/week.

No new jobs were technically created when looking at money. All that was done was a full time employee lost half of his hours to a new part time employee.

Job numbers climb but no new income is generated.
Nerve03

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12/02/2014 12:49 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
Makes sense if our dollar is tied to oil.
Anonymous Coward
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12/02/2014 12:49 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
Sounds like time for a HAARP quake in Arabia---oops2
~sIcKaNdTwIsTeD~

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12/02/2014 12:50 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded the great financial collapse that happened later that year by several months. Well, now it is happening again, but this time the stakes are even higher.

If the price of oil stays at this level or continues falling, we will see a significant number of U.S. shale oil companies go out of business and large numbers of jobs will be lost. The Saudis know how to play hardball, and they are absolutely ruthless.
[link to www.talkmarkets.com]
 Quoting: Wash


This IS the intention of the price fixing.
Anonymous Coward
User ID: 1372943
United States
12/02/2014 12:51 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded the great financial collapse that happened later that year by several months. Well, now it is happening again, but this time the stakes are even higher.

If the price of oil stays at this level or continues falling, we will see a significant number of U.S. shale oil companies go out of business and large numbers of jobs will be lost. The Saudis know how to play hardball, and they are absolutely ruthless.
[link to www.talkmarkets.com]
 Quoting: Wash




Its not a Saudis....its the Powers That Be.

Saudia Arabia was INVENTED by the Oligarchs of England.

Look up the history of Saudi Arabia. The Saudi's were the only clan in the Arabia with direct links to Judaism.
Use your brian, moran!

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United States
12/02/2014 12:55 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
The drop in oil is entirely a result of Saudis. I have it on good word (direct) that they lied (again) about their intentions so they could inflict the most damage to the US and Canadian shale industries. They trapped them into thinking they are not behind the drop in oil and that they wanted the price to rise (they do want it to rise and their 24 month target is again $150pb but only if they can eliminate the competition through illegal ways. However, as OPEC is in itself an illegal entity (a cartel) they don't care about international rules. The bitter sweet ending is that three of their main wells are almost dry. I created an entire thread about this before it happened. That is all I will say.
 Quoting: Anonymous Coward 59845374


Link to your thread?
I'm a proud Texan & American, posting from Central Texas & have no clue why my flag shows friggin Canada(no offense to my Canadian friends).

"Men will never be free until the last king is strangled with the entrails of the last priest."

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Gird your lions, shave your Family & panic sex the 'maters!

"When your so-called religion is purely a political theory of conquest, and deception is one of it's core principles then it strikes me as perfectly sane and reasonable to assume literally everyone who is of such a "religion" to be exactly the same POS who deserves to be treated as the enemy non-stop." Darkwolf007
Anonymous Coward
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12/02/2014 12:55 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded the great financial collapse that happened later that year by several months. Well, now it is happening again, but this time the stakes are even higher.

If the price of oil stays at this level or continues falling, we will see a significant number of U.S. shale oil companies go out of business and large numbers of jobs will be lost. The Saudis know how to play hardball, and they are absolutely ruthless.
[link to www.talkmarkets.com]
 Quoting: Wash




Its not a Saudis....its the Powers That Be.

Saudia Arabia was INVENTED by the Oligarchs of England.

Look up the history of Saudi Arabia. The Saudi's were the only clan in the Arabia with direct links to Judaism.
 Quoting: Anonymous Coward 1372943


Exactly these dumb cunts don't see the Saudis and the jew is in the same bed , they are pushing whitey out of the elite and set him up,for,slaughter hense all the bankers deaths .. People on here are so dumb
Anonymous Coward
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12/02/2014 01:01 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
That's generally what people are thinking but we don't know for sure. I was figuring that people were going to unwittingly load up on their credit cards with the extra money to be followed by a sharp increase in the price of gas. But I don't know for sure. Another thing I thought was this had to do with collapsing the Russian economy which would lead to a Pearl Harbor style attack by the Russians, but I don't for sure about that either. It might simply be a drop in the need for fuel on account of a glut we are experiencing, and not be connected to anything at all. But maybe they want Hillary to beat Romney or Bush? But... you know this is all pure speculation. The best thing I think people can do is just try to use some Common Sense. That's all.
Anonymous Coward
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12/02/2014 01:04 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
The price of oil dropped in 2008 due to terrible spending and economics of the US and the western world. That is not why prices are dropping right now.

Prices are dropping because Saudi Arabia is worried about losing its giant piece of the oil pie to new developments like the Baaken field, new finds in Russia and the possibility of tapping into Alaska by the US.

I have mentioned it before on GLP, it is very expensive to prospect, survey, and tap new wells. Countries/Companies only do this when its worth the money, and as the price of oil goes up finding new sources becomes economically viable. New sources domestically means less use of foreign oil...e.g. Saudi Arabian oil.

SA has nothing to offer but oil, so if their oil sales fall they are in serious trouble. This price drop is purely strategic by SA. It IS NOT hurting Russia like the media makes it out to be. Russia has far more to offer than oil.

While there are some negative effects from these lower prices like lost jobs in American oil fields, there will not be a global meltdown or recession. This will actually benefit most as extra money in the middle class' pocket is a good thing.
Machine42

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12/02/2014 01:05 PM
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Re: Guess What Happened The Last Time The Price Of Oil Crashed Like This
So how have "Junk Bonds" been doing lately?





GLP