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The Swamp

  • #59,381
  • Edited 3:12pm Apr 9, 2020 2:46pm | Edited 3:12pm
Quoting DMA Trader
{quote} Oil ticking slightly off lows following report that Mexico has denied reports that will not agree to OPEC production cuts
serious, dont you think he is sexy? In the right light..Hell of a fisherman.
those who can, do. those who cant, talk about those who can
  • #59,382
  • Apr 9, 2020 2:53pm Apr 9, 2020 2:53pm
Quoting gatorinla
{quote} by the time you figure car, fuel, insurance, tires, clothes, Your probably talking 1500$ per month. If in a city, the parking is outrages. Working at home may be a 18k raise. Just saying.. if someone is paying daycare. Working at home could be a hell of a raise. Your employer may be able to rent a much cheaper space. It's not for all employers. But it does make sense to some. Less tp, less electricity etc. If 5% start to work from home. Thats huge traffic reduction. That 18k raise, is removed from those industries bottom line. I dont know...
Definately makes sense. Have to agree there
  • #59,383
  • Apr 9, 2020 3:00pm Apr 9, 2020 3:00pm
Quoting mars1
{quote} Definately makes sense. Have to agree there
if I lived in a big city, it would have to be justified.
those who can, do. those who cant, talk about those who can
  • #59,384
  • Apr 9, 2020 3:03pm Apr 9, 2020 3:03pm
Quoting Boulder
{quote} I was on the call.. cashed out swiss 9653 already +10.. also shorted twice Gators EUr call at 0946 area , got +20.. will keep short swiss bounce soon.. {image}
You SHORT, I LONG
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A good trader follows his rules, but great trader knows when to break them
  • #59,385
  • Apr 9, 2020 3:04pm Apr 9, 2020 3:04pm
Quoting Boulder
swiss short 9667.. will add...
out 9657 +10
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  • #59,386
  • Apr 9, 2020 3:05pm Apr 9, 2020 3:05pm
Quoting gatorinla
{quote} serious, dont you think he is sexy? In the right light..Hell of a fisherman. {image}
OPEC delegates agree to reduce total output by 10 million barrels a day in May and June with Saudi Arabia cutting 3.3 mln barrels and Russia cutting 2 mln barrels, according to WSJ
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #59,387
  • Apr 9, 2020 3:07pm Apr 9, 2020 3:07pm
Quoting ill_be_back
{quote} You SHORT, I LONG {image}
I longed at lmax account too at 0923 an hour ago , out here 0934..+11,, just not mentioned here to confuse people... for next a couple of days its better to long Eur and short swiss for US accounts... .for oversea accounts.. long EurUsd....scalp short EurUsd at resistance ..
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  • #59,388
  • Apr 9, 2020 3:08pm Apr 9, 2020 3:08pm
Quoting DMA Trader
{quote} OPEC delegates agree to reduce total output by 10 million barrels a day in May and June with Saudi Arabia cutting 3.3 mln barrels and Russia cutting 2 mln barrels, according to WSJ
whats the total pumped per day?
those who can, do. those who cant, talk about those who can
  • #59,389
  • Apr 9, 2020 3:21pm Apr 9, 2020 3:21pm
Quoting gatorinla
{quote} whats the total pumped per day?
It increased estimates for non-OPEC supply in 2015 by 280,000 barrels a day. The group maintained projections for the amount ofcrude it will need to pump next year at 30.8 million barrels a day.Dec 10, 2015
  • #59,390
  • Apr 9, 2020 3:29pm Apr 9, 2020 3:29pm
Quoting gatorinla
{quote} All if you dont have to drive to the office. Why not just uber more.. Lose the expense of the car. Lose the expense of suits. Work in your panties. Break when you want. Less office visits, cuts down on fuel consumption.. Less people on subways... less traffic. less stress. Commute time 0. Work nude.. ..
I'm all in panty stocks
"If The Fool persists in his Folly he will become wise." - William Blake
  • #59,391
  • Apr 9, 2020 3:58pm Apr 9, 2020 3:58pm
Quoting sidhgenius
{quote} It increased estimates for non-OPEC supply in 2015 by 280,000 barrels a day. The group maintained projections for the amount ofcrude it will need to pump next year at 30.8 million barrels a day.Dec 10, 2015
I was asking how many barrels opec and russia were pumping. I know the world b4 was using about 100 million pd.
those who can, do. those who cant, talk about those who can
  • #59,392
  • Apr 9, 2020 4:06pm Apr 9, 2020 4:06pm
Quoting gatorinla
{quote} I could tackle this point by point, but lack the will. Here is a few, it's delusional to think oil will rise that much. In the short term for more than a spike. First off the capacity is a 90 day supply, if it was pumped dry. Guess where I live? Guess where those salt domes are located? Louisiana and Texas, my backyard. This no more than a sugar high for political reasons. Cushing Ok. is already full, like in 2008. Tankers are already full, with no port to go to like in 2008. So this U.S. slowdown takes pressure off demand. The U.S. in normal...
one of the lead zep songs i never cared about
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those who can, do. those who cant, talk about those who can
  • #59,393
  • Apr 9, 2020 4:07pm Apr 9, 2020 4:07pm
Quoting The Fool
{quote}I'm all in panty stocks
I used to be.
those who can, do. those who cant, talk about those who can
  • #59,394
  • Apr 9, 2020 4:54pm Apr 9, 2020 4:54pm
Quoting gatorinla
I was asking how many barrels opec and russia were pumping. I know the world b4 was using about 100 million pd.
I have read demand reduction is at least 20 million bbl/day.....and I have read its <5. One thing though - Cushing is going to be full and probably so will all the other usual storage places - there are only so many tankers that can be idled. I hear all storage is going to be full within the next 1-2 months....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #59,395
  • Apr 9, 2020 6:47pm Apr 9, 2020 6:47pm
;
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  • #59,396
  • Apr 9, 2020 6:56pm Apr 9, 2020 6:56pm
Line im watching sell below/buy above
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Motivation comes from within
  • #59,397
  • Apr 9, 2020 7:03pm Apr 9, 2020 7:03pm
Quoting The Fool
{quote}I have read demand reduction is at least 20 million bbl/day.....and I have read its <5. One thing though - Cushing is going to be full and probably so will all the other usual storage places - there are only so many tankers that can be idled. I hear all storage is going to be full within the next 1-2 months....
I dont think estimates reported. Are no better than you are me pulling a number out our ass. What I can see out my window and when I get on the interstate is less traffic. I dont have a scientific study to say u.s. traffic is down 10% or 50%. I do know, its lower. If I had to guess it's less than 50% lower. So let me pull a number out my ass and say its 25%. Since California, New York streets are looking empty. The U.S. uses about 20 million bpd normally. A 25% reduction is 5 million bpd. Just from the u.s. alone. The u.s. usages about 20% of the 100 billon bpd the world uses. Carrying that forward its about 25 million bpd less used. Some say that usage is lower than 75%. There is no way to know other than a guess. Looking at that nitric oxide chart days ago. The entire world was well under normal pollution. I think oil use is less than the 75%, but its not provable. At 25 million bpd. Its cutting out more than the use of the entire U.S... -1.25 X U.S. usage. At 50% its -2.5X U.S. I doubt there is much free storage anywhere now. In 2008 ships were moored in the ocean around Singapore etc. I suspect someone with use of a good satellite could find the same in thousands of ships anchored, going nowhere. The price (demand) for tankers went up when people were looking for storage. That was months ago.
those who can, do. those who cant, talk about those who can
  • #59,398
  • Apr 9, 2020 7:14pm Apr 9, 2020 7:14pm
u need something like this to compare, one of you good at this can find the idle ship graveyards. compare today with to jan or dec..,,
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those who can, do. those who cant, talk about those who can
  • #59,399
  • Apr 9, 2020 7:30pm Apr 9, 2020 7:30pm
https://en.wikipedia.org/wiki/Oil_tanker

https://www.reuters.com/article/glob...-idUSL8N2BP4OA

idk what the limits of tanker storage are - in '09 it's said they used up 100 million bbl of tanker storage b4 demand picked up again. With 770 tankers out there capable of storing 2 million bbl or more, seems like there could be several times that possible. At a cost, though...at some point it will be cheaper to shutin wells.

Traffic has been picking up here gradually & this week sometimes it kind of seems normal. There's only so long the "lockdown" conditions will be tolerated. We are in it til May4 here.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #59,400
  • Apr 9, 2020 7:35pm Apr 9, 2020 7:35pm
G/J lines of interest...
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Motivation comes from within
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