The good problem we are having now is we are running out of tank space to store and ships to park offshore full. The idea is load up on as much oil as possible at these prices and when it hits $35 to $40 you make a ton. But when storage fills up production will have to stop. Hopefully that takes about 2 months and just in time for when the world opens...
Trade tip for my Politico Bros
- Thread starter El OchoCinco
- Start date
I did not know this.
If you are willing to handle a little heat a really good trade is to short the Mexican Peso here:
Going to look into accumulating a position as the Peso has lived for a long time in the 17 - 19 range and shot up when the dollar began to rocket off.
Going to look into accumulating a position as the Peso has lived for a long time in the 17 - 19 range and shot up when the dollar began to rocket off.
Am hearing chatter of capital flight and potential clamp down by commie AMLO on said flight. Doesn't help the douchebag is pulling a Trump on downplaying COVID
He is going to do it... tariff on imported crude oil.
I'm not sure how that plays out. A couple of months from now the situation could be that the strategic reserve is full and commercial storage is at capacity and there is a tariff on imported oil. The wildcard is demand. Will there be demand for oil 2 months from now?
I'm sure Trump is having a little chat with the Saudis. That conversation likely extends to weaponry we sell them and security arrangements with us that they enjoy.
I'm not sure how that plays out. A couple of months from now the situation could be that the strategic reserve is full and commercial storage is at capacity and there is a tariff on imported oil. The wildcard is demand. Will there be demand for oil 2 months from now?
I'm sure Trump is having a little chat with the Saudis. That conversation likely extends to weaponry we sell them and security arrangements with us that they enjoy.
Not sure I understand the purpose of a tariff on imported oil. the issue is demand due to economic shutdown and maybe some players not wanting to reduce production.shutdown...
What problem is the tariff supposed to solve?
markets up strongly today and oil up nicely....
Are bulls just not caring and going all in?
Are bulls just not caring and going all in?
Crude is down though? I wonder how much of this is millennial FOMO from Robin Hood activity?
https://robintrack.net/symbol/SPY
Crude went from $20 to $26 in 3 trading days...i know mainly on strategic reserve buying but at some point they will stop buying and I am curious to see if price levels stay up. April will not see any un artificial demand so wonder where it will park by end of the month.