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GreatGazoo

(4,674 posts)
13. had a pro trader tell me
Wed May 6, 2026, 09:56 AM
Yesterday

"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 Yesterday #1
you might want to put the a sarcasm note with your post. nt Javaman Yesterday #2
You think people won't get it? Maybe. gab13by13 Yesterday #5
I got flamed hard one time when the sarcasm challenged Javaman 20 hrs ago #21
Yep...at $97 right now. Bengus81 Yesterday #3
And the expected manipulation continues this morning after the sell-off with this - BumRushDaShow Yesterday #7
"The oil prices have still not dropped below $55/bbl " GreatGazoo Yesterday #9
For some bizarre reason (and I think it was because of the oil drama going back to 2020 when crude went "negative" ) BumRushDaShow Yesterday #10
had a pro trader tell me GreatGazoo Yesterday #13
I got snapshots (close to the bottom) when it went negative BumRushDaShow Yesterday #14
Donald Trump Writes 'Praise Be to Allah' in Profanity-Laced Easter Morning Message Norrrm Yesterday #8
Are we great enough yet? IronLionZion Yesterday #4
Here is something you can do to lower multigraincracker Yesterday #6
I cannot remember the last time I bought anything at a gas station besides fuel. maxsolomon Yesterday #18
50%, my wrinkled old butt ! justsomeguy01 Yesterday #11
Agreed ProfessorGAC Yesterday #12
Prices had really jumped when I went shopping today in Charlottesville, ranging from $4.39 to $4.45. Martin68 Yesterday #15
We're winning. USA USA USA republianmushroom Yesterday #16
Its been 100% more here the last few weeks. nt yaesu Yesterday #17
75% increase here in Western NC wishstar Yesterday #19
If gas is up 40% by today's numbers, then the base would be 71.43% of today's price. Norrrm 23 hrs ago #20
Latest Discussions»Latest Breaking News»Gasoline costs 50% more i...»Reply #13