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GreatGazoo

(4,681 posts)
13. had a pro trader tell me
Wed May 6, 2026, 09:56 AM
Wednesday

"just buy oil when it goes under $60" Can't lose. Might take a while to go back up but since the world is just "an oil cartel with militaries" they will make sure it goes up, eg start a war, shut down Venezuela, etc. I bought last summer when it was $57. $54.98 would have been even better but the window when it falls under $60 is always brief.

Was wild when oil went negative. Thought I knew the basics but had never considered that it could go negative. Literally paying people to bring trucks to Oklahoma and take delivery. Shutting down the pumps and pipelines can damage them (as we hear now about Iran's). It's a crazy business in a crazy world.

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Not for long, gab13by13 Wednesday #1
you might want to put the a sarcasm note with your post. nt Javaman Wednesday #2
You think people won't get it? Maybe. gab13by13 Wednesday #5
I got flamed hard one time when the sarcasm challenged Javaman Wednesday #21
Yep...at $97 right now. Bengus81 Wednesday #3
And the expected manipulation continues this morning after the sell-off with this - BumRushDaShow Wednesday #7
"The oil prices have still not dropped below $55/bbl " GreatGazoo Wednesday #9
For some bizarre reason (and I think it was because of the oil drama going back to 2020 when crude went "negative" ) BumRushDaShow Wednesday #10
had a pro trader tell me GreatGazoo Wednesday #13
I got snapshots (close to the bottom) when it went negative BumRushDaShow Wednesday #14
Donald Trump Writes 'Praise Be to Allah' in Profanity-Laced Easter Morning Message Norrrm Wednesday #8
Are we great enough yet? IronLionZion Wednesday #4
Here is something you can do to lower multigraincracker Wednesday #6
I cannot remember the last time I bought anything at a gas station besides fuel. maxsolomon Wednesday #18
50%, my wrinkled old butt ! justsomeguy01 Wednesday #11
Agreed ProfessorGAC Wednesday #12
Prices had really jumped when I went shopping today in Charlottesville, ranging from $4.39 to $4.45. Martin68 Wednesday #15
We're winning. USA USA USA republianmushroom Wednesday #16
Its been 100% more here the last few weeks. nt yaesu Wednesday #17
75% increase here in Western NC wishstar Wednesday #19
If gas is up 40% by today's numbers, then the base would be 71.43% of today's price. Norrrm Wednesday #20
Um, No. Try 100% from $2.20 to $4.40 and higher!! masmdu 3 hrs ago #22
Latest Discussions»Latest Breaking News»Gasoline costs 50% more i...»Reply #13