IMPOSSIBLE!! Today Apr 20 - price of oil DOWN 93% in one day.

Now at 27 cents a barrel. Was at a penny!!! This is an historic day. The price can go negative as suppliers are forced to PAY someone to store the oil.
 
Text Drivers are Killers said:
You have to wonder if the world is coming to an end. Seriously.

https://finance.yahoo.com/quote/CL=F?p=CL=F
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According to Yahoo finance, the current price of oil is negative. I must be missing something, because that is supposed to be impossible. Am I going to get my credit card credited with money when I buy gasoline in an hour?

Wasn't the Alt Right claiming that trump may have failed in Covid-19, but at least he kept the price of oil from dropping much more? Are we tired of "winning" yet, or do we want four more years of collapse?
 
Teflon Don said:
I would say buy

It isn't going to ZERO
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Teflon posted that at 2:35PM EST, and I would have completely agreed with him. There is no way it would go to zero, right? This is not me making fun of Teflon, because I would have said the exact same thing.

At 4:00pm EST, it is at $-38.45. If you had followed Teflon's very reasonable advise, you would have lost about $100 for every $1 you invested, and would be very upset.

Luckily, I slept through Teflon's very reasonable advice. I did not sleep through the very reasonable advice to sell BitCoins at $800, when two months later it was at $20,000... That cost me $2 million.

I disagree with Teflon on a lot, but this time, he was giving VERY reasonable advice. None of this is an attack on Teflon.
 
floridafan said:
Trumps economy is in freefall. It will never be rescued in time for the November elections.
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Depends upon how you define rescued?

If it is just pointed in the right direction, economic indicators show a continuous gradual improvement, Trump will say it is because of him, if you don't vote for him, it will fall back to where it was prior. If it doesn't improve, or even gets worse, God forbid, Trump will blame the Governors, or China, or the media, or the Democrats, or anybody he can, so that forty percent is always going to be there for him
 
archives said:
Depends upon how you define rescued?

If it is just pointed in the right direction, economic indicators show a continuous gradual improvement, Trump will say it is because of him, if you don't vote for him, it will fall back to where it was prior. If it doesn't improve, or even gets worse, God forbid, Trump will blame the Governors, or China, or the media, or the Democrats, or anybody he can, so that forty percent is always going to be there for him
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Well, morons like you were blathering this was all Obama's making until January, so there is that. :palm:
 
Truth Detector said:
This has nothing to do with Trump you ignorant fool. :rolleyes:
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Mostly true, but it doesn't matter, for one who follows demogogues you should know, it is the perception that counts, if the economy is in the tank it will reflect back upon Trump, "are you better off than you were four years ago," why did you think Trump is in such a hurry to open up everything?
 
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