# The "Oil Prices" thread. **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 10, 2008, 10:44am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739 "2008-03-10T10:44:58Z")\ **Posts on this page:** 20\ **Page:** 89
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 16, 2015, 12:29pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1761 "2015-03-16T12:29:07Z")
etrade here ---
**Author:** ![frost12850](https://avatars.discourse-cdn.com/v4/letter/f/2acd7d/32.png) [@frost12850](https://forums.speedlife.net/u/frost12850)\ **Post date:** [March 16, 2015, 12:37pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1762 "2015-03-16T12:37:53Z")
> [@cougarspeed](#): > > etrade here Thanks- I know I’ve reached out to you in the past seeking advice and you’ve always been helpful. Sucks that you need so much money on account before they even let you get into short/ long trades and such. I’ve just been dumping money into my vanguard IRA/ Roth. Which I suppose isn’t the worse thing I could be doing. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [March 16, 2015, 1:35pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1763 "2015-03-16T13:35:16Z")
> [@frost12850](#): > > Do all of you use your own account such as etrade or scotttrade? Or do you work through a broker when your shorting trades? I use [1broker.com](http://1broker.com) since most of my large holdings are in Bitcoin and allows you to trade on there. Its a CFD type so you aren’t buying live trades and shares which makes it a shit load cheaper and easier to use IMO. Just limited to certain markets they have but I do love it for Forex, Oil, and a few of the big stocks like Apple. If you sign up, let me know. I will shill my referal code. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [March 16, 2015, 2:12pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1764 "2015-03-16T14:12:19Z")
+1 for etrade. Was with Interactive Brokers before but they fucked me on a margin situation. ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [March 16, 2015, 2:15pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1765 "2015-03-16T14:15:55Z")
Think or Swim here, not that I’m actively trading at the moment. I’m locked in at some siqqq rates from before TD Ameriturd bought them out. ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [March 16, 2015, 4:58pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1766 "2015-03-16T16:58:56Z")
your collective use of jargon makes me feel stupid. my reaction is interest though. dumb this shit down bros ---
**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\ **Post date:** [March 16, 2015, 5:11pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1767 "2015-03-16T17:11:10Z")
I gotta start dabbling in oil…it’s just too damn violtile not to. I got in $BP at just under $35 and rode it up to $41 before getting rid of it… kind of glad I did before it dropped again ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [March 18, 2015, 6:57am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1768 "2015-03-18T06:57:10Z")
> [@bing](#): > > your collective use of jargon makes me feel stupid. my reaction is interest though. dumb this shit down bros I get this reply a lot when I talk futures. People hear “make money” and then are interested but lose it after that. Lol. ---
**Author:** ![Jimshorts](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jimshorts/32/5915_2.png) [@Jimshorts](https://forums.speedlife.net/u/Jimshorts)\ **Post date:** [March 18, 2015, 7:33am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1769 "2015-03-18T07:33:01Z")
> [@TradersBASE](#): > > Think or Swim here, not that I’m actively trading at the moment. I’m locked in at some siqqq rates from before TD Ameriturd bought them out. Try thinkpipes through TD works great. Excellent for option trading.\ Oh and I’ve been saying $30 all along, long term trend that is no where close to being done. Word is production is actually getting increased to keep up with interest payments. Storage concerns are growing as well. [http://www.zerohedge.com/news/2015-03-18/wti-slumps-cushing-inventory-production-hit-new-record-high](http://www.zerohedge.com/news/2015-03-18/wti-slumps-cushing-inventory-production-hit-new-record-high) I dont know how yall short term traders can sleep at night. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [March 18, 2015, 10:50am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1770 "2015-03-18T10:50:50Z")
> [@Jimshorts](#): > > Try thinkpipes through TD works great. Excellent for option trading.\ > > Oh and I’ve been saying $30 all along, long term trend that is no where close to being done. Word is production is actually getting increased to keep up with interest payments. Storage concerns are growing as well. [http://www.zerohedge.com/news/2015-03-18/wti-slumps-cushing-inventory-production-hit-new-record-high](http://www.zerohedge.com/news/2015-03-18/wti-slumps-cushing-inventory-production-hit-new-record-high) > > I dont know how yall short term traders can sleep at night. You think this is bad, try to trade in Bitcoin futures. Open 24/7 that cycles through US/Europe/China for major time windows of trading. No way do you want to sleep in a position unless you auto margin to keep adding. A single $10 move at 20x leverage and you are toast. At what point does oil go so low that mining operations are staying to be affected? This can’t continue much longer can it? I thought I read that rigs are able to hold at $50/barrel and the fracking is about $30 to stay afloat. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [March 18, 2015, 11:31am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1771 "2015-03-18T11:31:56Z")
I thought fracking was the most expensive? ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [March 18, 2015, 11:54am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1772 "2015-03-18T11:54:35Z")
> [@theblue](#): > > I thought fracking was the most expensive? Depends on the source. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 18, 2015, 12:19pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1773 "2015-03-18T12:19:24Z")
Showing signs of life! ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [March 18, 2015, 12:48pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1774 "2015-03-18T12:48:04Z")
> [@theblue](#): > > I thought fracking was the most expensive? oops. ya you are right. fracking is the most expensive. had it backwards. ---
**Author:** ![Jimshorts](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jimshorts/32/5915_2.png) [@Jimshorts](https://forums.speedlife.net/u/Jimshorts)\ **Post date:** [March 19, 2015, 4:59am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1775 "2015-03-19T04:59:31Z")
> [@boxxa](#): > > You think this is bad, try to trade in Bitcoin futures. Open 24/7 that cycles through US/Europe/China for major time windows of trading. No way do you want to sleep in a position unless you auto margin to keep adding. A single $10 move at 20x leverage and you are toast. > > At what point does oil go so low that mining operations are staying to be affected? This can’t continue much longer can it? I thought I read that rigs are able to hold at $50/barrel and the fracking is about $30 to stay afloat. From what I’ve seen and read i thought the breakeven was between $60-$75 depending. Ill see if I can find anything to back this up. Here is an article on how the big banks are getting nervous trying to unload the loans they are holding for oil companies… some already taking the losses now to prevent future loses. When the big boys are getting out of the way I think that means something. This is a very fragile market right now. [http://www.wsj.com/articles/banks-struggle-to-unload-oil-loans-1426728583?mod=WSJ\_hp\_LEFTTopStories](http://www.wsj.com/articles/banks-struggle-to-unload-oil-loans-1426728583?mod=WSJ_hp_LEFTTopStories) ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [March 19, 2015, 7:32am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1776 "2015-03-19T07:32:11Z")
I agree. That is the price I have been seeing. I wonder how much they can operate at the loss before we start seeing pull backs. Probably another bailout when companies like banks are claiming billion dollar profits and then suddenly OH NO WE NEED HELP! As for anyone wanting to trade, I strongly suggest learn markets and build plans and trade on margin. Little different than the normal options trading you would do with stocks where you could have to pay back debt if you make a bad call. ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [March 19, 2015, 7:41am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1777 "2015-03-19T07:41:41Z")
The USD fell off sharp but has been on an absolute rip for some time. Shouldn’t their breakeven be adjusted to the reflect the strength/weakness of the USD? Do you guys think the tail is wagging the dog here? Is oil crashing because of USD strength, vice versa or perhaps a bit of all the above? ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [March 19, 2015, 7:54am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1778 "2015-03-19T07:54:05Z")
> [@TradersBASE](#): > > The USD fell off sharp but has been on an absolute rip for some time. Shouldn’t their breakeven be adjusted to the reflect the strength/weakness of the USD? Do you guys think the tail is wagging the dog here? Is oil crashing because of USD strength, vice versa or perhaps a bit of all the above? Ya no one does really factor into the fact that things are cheap since our buying power is so strong right now when it comes to international markets. I think ZeroHedge mentioned it where other counties are buying up the USD which would help supplement that although oil per barrel is cheap, it doesn’t mean the companies are hurting that bad. ---
**Author:** ![Jimshorts](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jimshorts/32/5915_2.png) [@Jimshorts](https://forums.speedlife.net/u/Jimshorts)\ **Post date:** [March 19, 2015, 8:26am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1779 "2015-03-19T08:26:53Z")
> [@TradersBASE](#): > > The USD fell off sharp but has been on an absolute rip for some time. Shouldn’t their breakeven be adjusted to the reflect the strength/weakness of the USD? Do you guys think the tail is wagging the dog here? Is oil crashing because of USD strength, vice versa or perhaps a bit of all the above? That is actually a pretty good thought I believe we covered that in our last write up but might be deeper rooted than that as well. I think the move in the USD is more of a reflection of central bank policies around the world. eg QE’s. Im just going off the top of my head but when we had QE going in the states it was driving the dollar down and as we weened ourselves off QE you started to see the dollar strengthen. I think the QE program in Japan and the more recent QE program from the ECB has just accelerated the movement we are seeing and will most likely continue. We are currently looking at grabbing some calls on the USD but how far is it gonna go before something is done in Europe? As for oil it goes back to just simple supply and demand and a natural economic cycle, not to mention technological advancements are extremely deflationary and will naturally lead to increased production and at the same time lower costs. But there is definitely a connection to be made there. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [March 20, 2015, 8:04am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1780 "2015-03-20T08:04:04Z")
I still believe the looming financial crisis is being hidden. The world is slowing down and the strong US dollar, cheap oil and rallying stock market is a smoke screen to a major underlying problem. [Previous page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=88) [Next page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=90)