US Oil Producers Fail to Produce

[Gelston]

Oil prices continue to fall, now at $86 per barrel. Woot.

Rystad Energy released figures about $10+ billion in losses from hedging activities by oil producers who bet oil would be $55 a barrel. Whoopsy, guess they need to explain to their shareholders how playing the derivatives lottery tamed higher profits they otherwise would have fleeced.



https://oilprice.com/Energy/Crude-Oi...ng-Losses.html

I'm sure you're just excited about how many people are going to be laid off.

[Tgo01]

Thanks Putin!

Let's not forget the Chinese housing market taking a giant shit and taking the economy with it because of corrupt home builders.

So thanks Putin and China!

[Seran]

I'm sure you're just excited about how many people are going to be laid off.

Pretty excited about the vast majority of Americans saving money, yes.

[Tgo01]

Pretty excited about the vast majority of Americans saving money, yes.

"Saving" money? Oil is still more expensive now than when Biden took office.

Stop being a useful idiot.

[Gelston]

Pretty excited about the vast majority of Americans saving money, yes.

Yeah, fuck those people losing their jobs and their families.

[Methais]

Pretty excited about the vast majority of Americans saving money, yes.

Are we saving money vs. from before Bidden was in office yet?

In before you avoid this.

[Methais]

Seran would be the perfect Simutronics customer. He would look at all the mass nerfs happening and but still believe that his character came out ahead because they added 15x enchants to DR.

[Seran]

"Saving" money? Oil is still more expensive now than when Biden took office.

Stop being a useful idiot.

Yeah, oil is up from January 2021. It's also down some 35-40% from recent highs as a result of your best from President Biden. Yours welcome on his half.

[Seran]

"Saving" money? Oil is still more expensive now than when Biden took office.

Stop being a useful idiot.

The Dow Jones is also up over ten percent since Biden took office, does that trigger you too?

[Jeril]

The Dow Jones is also up over ten percent since Biden took office, does that trigger you too?

LOL at you being retarded.