# 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:** 92
**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:** [October 8, 2015, 10:45am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1821 "2015-10-08T10:45:31Z")
So not is Israel going to be best friends with Russia to assist in Syria or is this going to spur more involvement from the US now that there is money to be made? ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [October 8, 2015, 12:44pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1822 "2015-10-08T12:44:19Z")
It will probably just take the price of oil to $10/barrel and collapse the US Dollar. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [January 12, 2016, 12:00pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1823 "2016-01-12T12:00:19Z")
> **[Oil crashes to $30 a barrel](http://money.cnn.com/2016/01/12/investing/oil-prices-below-30/index.html)** > > Crude oil prices plummeted below $30 a barrel for the first time since December 2003. weeeeee ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [January 12, 2016, 12:01pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1824 "2016-01-12T12:01:41Z")
buy buy buy ---
**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:** [January 12, 2016, 12:30pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1825 "2016-01-12T12:30:35Z")
> [@ultradriver10000](#): > > buy buy buy ![http://drivingline.prd.s3.amazonaws.com/media/articleimages/2015/04/6toosoon.jpg](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/6/f/6fa6e04e86b69eac27dbb558a1c61ae78914c993.jpeg) ![https://pbs.twimg.com/media/CYieiNQUAAAcd39.png:large](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/5/8/587ff0e5f9b592ae26718a74d59a66116d8e640f.png) ![https://pbs.twimg.com/media/CYisGU4UsAAgxjv.png:large](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/3/7/37c38a96f3122351207391f67517a311f6b6a96a.png) ---
**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:** [January 19, 2016, 7:48am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1826 "2016-01-19T07:48:11Z")
Iran announced they are going to cut oil prices for western Europe. Oh this is gonna get epic. ---
**Author:** ![OfficerK](https://avatars.discourse-cdn.com/v4/letter/o/4da419/32.png) [@OfficerK](https://forums.speedlife.net/u/OfficerK)\ **Post date:** [January 19, 2016, 7:51am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1827 "2016-01-19T07:51:09Z")
> [@boxxa](#): > > Iran announced they are going to cut oil prices for western Europe. Oh this is gonna get epic. Can’t beat the US at war [Politics], soooo kill the economy instead. Genius I say! ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [January 19, 2016, 7:57am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1828 "2016-01-19T07:57:51Z")
So outside of places that drill for oil and manufacture that equipment the larger majority of people and businesses would be better off with cheap oil. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [January 19, 2016, 8:13am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1829 "2016-01-19T08:13:31Z")
It is definitely a double edged sword. ---
**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:** [January 19, 2016, 8:53am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1830 "2016-01-19T08:53:30Z")
What is good for the goose is not necessarily good for the gander. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [January 19, 2016, 9:00am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1831 "2016-01-19T09:00:58Z")
I was reading a CNN article yesterday. Basically big banks have billions in existing loans that they gave out to companies to go out and drill for oil. Now those companies can’t sustain themselves at $30/barrel and less. So they’re probably going to go bust and leave the banks fucked with the billions of dollars they were given. That monetary loss, coupled with job loss could be significant impact to our economy… I don’t work in that sector, so I don’t care. And honestly, I’d rather US companies invest in renewables over drilling. Still, will be interesting to see how it plays out. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [January 19, 2016, 9:41am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1832 "2016-01-19T09:41:22Z")
> [@boardjnky4](#): > > I was reading a CNN article yesterday. Basically big banks have billions in existing loans that they gave out to companies to go out and drill for oil. Now those companies can’t sustain themselves at $30/barrel and less. So they’re probably going to go bust and leave the banks fucked with the billions of dollars they were given. > > That monetary loss, coupled with job loss could be significant impact to our economy… I don’t work in that sector, so I don’t care. And honestly, I’d rather US companies invest in renewables over drilling. Still, will be interesting to see how it plays out. Is US oil production its 0.9% of the US GDP. So im really curious how much actual damage this will do vs speculation. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [January 19, 2016, 10:42am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1833 "2016-01-19T10:42:13Z")
> [@LZ](#): > > Is US oil production its 0.9% of the US GDP. > > So im really curious how much actual damage this will do vs speculation. yeah, it’s no housing market collapse, but I’m sure it will have significant impact in some places. ---
**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:** [January 19, 2016, 11:25am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1834 "2016-01-19T11:25:15Z")
Sounds like the auto industry all over again. Made billions of dollars a year in the energy sector and resulted in just massive contracts. Now it will force a small slow down and companies to reemerge more efficient and better optimized. For a while, oil futures on the Q4 2016 terminals were showing $44. This has turned bearish pretty big and sitting close to spot. [http://finance.yahoo.com/q?s=CLZ16.NYM](http://finance.yahoo.com/q?s=CLZ16.NYM) ---
**Author:** ![Spam16v](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/spam16v/32/5287_2.png) [@Spam16v](https://forums.speedlife.net/u/Spam16v)\ **Post date:** [January 19, 2016, 1:20pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1835 "2016-01-19T13:20:12Z")
Oprah meme: and you buy an F-150, and you buy an F-150, and you buy an F-150!!! ---
**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:** [January 19, 2016, 2:21pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1836 "2016-01-19T14:21:01Z")
> [@boxxa](#): > > Sounds like the auto industry all over again. Made billions of dollars a year in the energy sector and resulted in just massive contracts. Now it will force a small slow down and companies to reemerge more efficient and better optimized. > > For a while, oil futures on the Q4 2016 terminals were showing $44. This has turned bearish pretty big and sitting close to spot. > > [Symbol Lookup from Yahoo Finance](http://finance.yahoo.com/q?s=CLZ16.NYM) I think some of the contango was due to people trying to guess the point where the expensive oil producers would bust out and time their entry, but between Iran coming online and the Saudis basically disavowing themselves of OPEC, now the mood is that the Middle East is going to pump every drop they can since their cost basis is so low until they run dry. Also, there’s nowhere left to store it. ---
**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:** [January 19, 2016, 7:23pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1837 "2016-01-19T19:23:59Z")
i dont think you’ll see too many people go under. instead they’ll likely be consolidated into larger, better operating companies this is already happening up here. ---
**Author:** ![Jon](https://avatars.discourse-cdn.com/v4/letter/j/3bc359/32.png) [@Jon](https://forums.speedlife.net/u/Jon)\ **Post date:** [January 19, 2016, 8:00pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1838 "2016-01-19T20:00:15Z")
Due for a recession,10 years was the longest gap throughout history between them. Things are still fucked up from the last one. ---
**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:** [January 19, 2016, 8:20pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1839 "2016-01-19T20:20:55Z")
it’s funny to think about that but it makes me want to hold cash and wait… i remember how low real estate got in the US and seriously regret not being in better shape to be able to buy something down there in 2009-10 ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [January 20, 2016, 4:32am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1840 "2016-01-20T04:32:41Z")
Some call our dollar the Petro-Dollar because oil. We are no longer based/backed by gold but oil was always traded in US Dollars. Some claim our dollar will collapse if oil gets to low or culture use other forms of money to trade. Most US people think we are invincible, we will see if the house of cards gets to continue. [Previous page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=91) [Next page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=93)