/biz/ - Business & Finance

File: 78 KB, 966x439, 1980s oil glut.png [View same] [iqdb] [saucenao] [google]

Anonymous Thu Dec 11 18:22:23 2014 No.578765 [Reply] [Original]

history is repeating, $30 oil soon

>>	Anonymous Thu Dec 11 18:42:16 2014 No.578788 >>578765 That happened because suppliers refused to let their profits drop, so some began selling and many kept the prices above market price. In turn that created a crisis.

>>	Anonymous Thu Dec 11 18:56:39 2014 No.578803 File: 128 KB, 1600x1099, WallStreet_076Pyxurz[1].jpg [View same] [iqdb] [saucenao] [google] Does that mean we'll relive the 80s?

>>	Anonymous Thu Dec 11 19:10:33 2014 No.578815 So, how fucked is Russia?

>>	Anonymous Thu Dec 11 19:18:50 2014 No.578825 >>578815 soviet union collapsed in 1991 partly due to low oil price

Anonymous Thu Dec 11 19:25:21 2014 No.578833
File: 18 KB, 800x600, oilprice1947.gif [View same] [iqdb] [saucenao] [google]

Yet in 1998 the oil price tanked to the lowest point since the 1970s oil crisis. Remember, Russia went to the wall with a currency crisis in the same year. Within 12 months they were doing okay because the prices recovered. Within a few years, the prices doubled.

>>	Anonymous Thu Dec 11 19:31:27 2014 No.578838 >>578803 Is that a good or bad thing?

>>	Anonymous Thu Dec 11 19:40:24 2014 No.578846 >>578803 I was born in the 90s, and i hate it. Describe the 80s again please.

>>	Anonymous Thu Dec 11 19:47:12 2014 No.578855 >>578846 >Only 90's kids will get this

>>	Anonymous Thu Dec 11 20:14:13 2014 No.578882 >>578803 Does this mean more cocaine?

>>	Anonymous Thu Dec 11 20:47:24 2014 No.578920 >>578833 How do I invest in crude? Teach me, /biz/

>>	Anonymous Thu Dec 11 20:48:26 2014 No.578922 File: 9 KB, 174x233, 1280735826937.jpg [View same] [iqdb] [saucenao] [google] >>578803 >tfw I finally get to live out my dream of being capitalist yuppie scum

>>	Anonymous Thu Dec 11 20:50:42 2014 No.578923 >>578920 go to google finance and search "oil" there are several or more ETFs that are invested in crude oil.

>>	Anonymous Thu Dec 11 20:51:00 2014 No.578924 >>578920 Buy an oil ETF http://etfdb.com/etfdb-category/oil-gas/

>>	Anonymous Thu Dec 11 20:52:56 2014 No.578926 >>578924 That's even better. I never knew about that website!

>>	Anonymous Thu Dec 11 20:53:09 2014 No.578927 >>578923 >>578924 Wow. Thanks.

>>	Anonymous Thu Dec 11 20:54:04 2014 No.578930 OH, WHAT WILL PUTIN DO?

>>	Anonymous Thu Dec 11 21:10:47 2014 No.578952 >>578930 He's making deals with the BRIC countries.

>>	Anonymous Thu Dec 11 21:16:03 2014 No.578957 >>578930 Pretend everything is alright then whore out to BRICS.

>>	Anonymous Thu Dec 11 21:30:33 2014 No.578972 File: 7 KB, 206x245, images.jpg [View same] [iqdb] [saucenao] [google] >mfw I'm working for a mid-sized operator in the US Everything is calm and business as usual at work, though. Doom Paul hasn't shown up to my office yet.

>>	Anonymous Thu Dec 11 22:02:25 2014 No.579012 File: 1.78 MB, 300x242, 1401671371055.gif [View same] [iqdb] [saucenao] [google] >>578922 Well, you're already living out your dream of repeating integers

>>	Anonymous Thu Dec 11 22:06:48 2014 No.579017 >>578765 Saudi Arabia over producing oil has little to do with the 1980s oil glut.

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