Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Dirt]
#6849978
04/21/20 11:40 AM
04/21/20 11:40 AM
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Joined: Dec 2006
Posts: 17,548 Rodney,Ohio
SNIPERBBB
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Joined: Dec 2006
Posts: 17,548
Rodney,Ohio
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It will happen sooner than you think-the US dollar is now puff from all the printing of debt backed dollars driving down the dollar value of oil as can be seen by the way oil is going.It used to take 10 beaver pelts to buy a barrel of oil,now it only takes one. " The Bank of Canada’s vast experiment in printing money may not end well" Even with all the QE under he previous admin, the dollar still rose relative to all of the other currencies. Not saying that's a good thing, for us it is right now. Long term we'll see, depends on our economy and military.
Last edited by SNIPERBBB; 04/21/20 11:40 AM.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6850123
04/21/20 01:41 PM
04/21/20 01:41 PM
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Joined: Feb 2010
Posts: 19,689 pa
hippie
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Joined: Feb 2010
Posts: 19,689
pa
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Milk was doing good around here. Haven't read this month's report yet.
I relate it to the tp shortage.
Some were geared up to produce commercial paper and some for residential paper. One demand is almost non-existing now and the other can't keep up.
Last edited by hippie; 04/21/20 01:43 PM.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6850134
04/21/20 01:47 PM
04/21/20 01:47 PM
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Joined: Jan 2018
Posts: 1,684 Henry Co, IL
3togo
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Henry Co, IL
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My best friend is a dairy vet. I asked him some of these questions yesterday. Lack of school use, restaurants, cheese manufacturers, and ice cream producers has slowed the need for milk. I asked about powdered milk, he said we have way more in stock now than needed. A few of his farmers are dumping some because none of the mentioned users can take milk in the raw form (straight from the cow) so it doesn't get processed because the bigger end users aren't buying. Milk subsidy. Explained to me years ago. Started after WW2 by two Jewish investors in NYC. Yup, still going today. My friend's opinion is in the long run the subsidy should be done away with and let milk find it's own price level. More than likely it would even out depending on demand. So, lack of demand currently has caused milk dumping. Boco, I suppose milk could be transported and sold to Canada, but the Canadian milk farmers would complain, like they have in the past, because it would likely lower they're profit margin..
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6851460
04/22/20 03:27 PM
04/22/20 03:27 PM
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Joined: Aug 2011
Posts: 45,263 james bay frontierOnt.
Boco
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Joined: Aug 2011
Posts: 45,263
james bay frontierOnt.
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White,didnt you mention a few days ago that Trumps injection of cash would be a temporary measure at best,until demand rises?-Good call. Maybe Nafa going belly up was the canary in the coalmine.A harbinger of things to come.
Last edited by Boco; 04/22/20 03:28 PM.
Forget that fear of gravity-get a little savagery in your life.
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: Canvasback2]
#6851473
04/22/20 03:35 PM
04/22/20 03:35 PM
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Joined: Mar 2007
Posts: 35,124 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,124
McGrath, AK
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I don't recall Boco. I have probably said way too many things But here is one more thing. The oil markets are probably the closest thing there is these days to a 'free-market" . We have governments around the world forming cartels to try to support the price of oil and they can't do it. The selloff over the last year or so and especially yesterday should be all the proof that is needed that governments can't just throw money at this and expect the demand for oil to increase. It should also prove to those who believe the oil market is rigged, or that prices are controlled by "BIG OIL", are absolutely wrong.
Mean As Nails
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Re: YES OIL IS CRASHING !!!!!!!!!!
[Re: white17]
#6851476
04/22/20 03:38 PM
04/22/20 03:38 PM
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Joined: Aug 2011
Posts: 45,263 james bay frontierOnt.
Boco
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Posts: 45,263
james bay frontierOnt.
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I don't recall Boco. I have probably said way too many things Naw,thats my department.
Last edited by Boco; 04/22/20 03:38 PM.
Forget that fear of gravity-get a little savagery in your life.
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