Something BIG has happened over the weekend.

originally posted by: Agit8dChop
a reply to: Stupidsecrets

Some countries need a high oil price to sustain their economies.

There's more to this than petrol prices.

Iran's Mullahs are doomed.

Maybe Saudi Arabia is working with the US, not against it in this matter.

originally posted by: Lumenari

originally posted by: CriticalStinker
a reply to: Lumenari

With the timing, it could hurt everyone.

But between supply chain disruptions at the same time as a threatened petro dollar... I just hope to God this isn't a black swan event.

Incidentally, this is hurting my business as well.

Shuttered oil wells means no Nat Gas for me either...

I'm sorry to hear that... You strike me as someone with contingencies, so I'm confident you'll bounce back.

Hopefully we all get on tomorrow laughing that it got walked back as fast as the serious implications transpired. I've lost count how many times I've done that this year, as short as it's been already.

My question is why are people playing these cards right now?

My hope is that it's grubby handed opportunists trying to gain leverage from a perceived moment of weakness in the global economic community. Exploiting for when this all blows over.

Because I don't even know what the other answers to my question of why the cage is getting shaken like this now, with the implications it could have on "vital allies".

a reply to: cenpuppie

It sounds like a "Fracking" problem somewhere along the line.

Australian markets are currently tanking.

A collapse in the price of oil has seen the worst opening day for the Australian share market since the global financial crisis, with more than $100 billion wiped off the value of Australian shares.

The global share market correction, sparked by the widening economic impact of the coronavirus, is rapidly moving towards a bear market — a market which has fallen 20 per cent from its peak.

The ASX 200 index has lost 5.2 per cent per cent or 325 points to 5,886.

Oil stocks have plunged in the wake of Saudi Arabia slashing its official selling price and announcing plans to raise production after the oil producing group, OPEC, failed to agree with Russia on production cuts.

That has seen oil prices fall by more than one fifth.

www.abc.net.au...

a reply to: IAMTAT

Where oil prices go so does the share market, perhaps its time to pull the plug fair value will be a shake up. I don't think Russia gives a flying crap what the West does anymore, they have hardened their economy up against the never ending sanctions. China will probably give them preference to what's in the warehouses during the shutdown.

originally posted by: LookingAtMars
Maybe Saudi Arabia is working with the US, not against it in this matter.

Low oil prices will hurt some Countries a lot more than others. The last Saudi Flooding really hurt Russia and didn't help Iran either.

So the Corona virus is more than just a health crisis, it is a crisis WITHIN a crisis. Is this all going along just like "they" planned?

Is this a major set up for something big to happen in the Strait of Hormuz? Strategically to bump the prices back up!
Russia, Iran, Houthi's..

originally posted by: Murgatroid
So the Corona virus is more than just a health crisis, it is a crisis WITHIN a crisis. Is this all going along just like "they" planned?

Yea, the globalists have been nursing some pretty deep wounds. Trump got elected, BREXIT, the rise of Nationalism and many other resistances to their plan for total control. I have been waiting for them to lash out and it appears this is it.

originally posted by: burdman30ott6
a reply to: cenpuppie

Crude is down almost 25% without most major markets even open yet. Monday may well see an honest to God global market crash at this point. Effing idiots one and all. This is why we can't have nice things.

And if we hadnt become much more energy independent and now the leading producer of oil in the world, this would hit us much much harder.

If only they had had the foresight with China

a reply to: Murgatroid

Dear ATS Readers, Writers,

Greetings Murgatroid; dominoes are falling all over aren't they?

Many have stated how the C Virus is the perfect "weapon"; the collateral damage is deep, and heavy. Yet was surely known to also occur by higher ups.

We have reached the time I have written about for some time.

It is like a dozen or so locomotives at full throttle all heading for the round house.... with steam throttle valves stuck wide open.

With great and expensive effort we might derail, or sideline a few of these runaway locomotives; there is still one heck of a terrible collision coming round the bend.... ain't seen such a disaster, since I don't know when.....

Sorry, had a Johnny Cash moment there.

But I reckon you know what I mean eh?

The fact it was man made bug, rumour is originally made at University of North Carolina, and sold to China 5 years ago.

Awful coincidental release timing considering election, trade war, world debt issues, Globalism vs. nationalism worldwide, Socialism/Communism vs. democracy struggle, etc.

Was this released to achieve a global reset on economics, etc; and the bug was the least "massive blowback" way to go about it?

We were and are in the middle of perhaps the mother of all Thucydides Traps.. which usually is reset with a terrible shooting war, if you look at them historically.

A manmade and created pandemic is the bargain basement way to do war, with the highest savings for governments/elites, etc.

It is only going to get weirder and weirder for a while yet...hang in there.

Pravdaseeker

a reply to: seeker1963

And so "they" started with Wuhan China???!!!

If you wish to lay the blame anywhere, nature should be your first port of call.

That and the fact that we exist within a global community with the infostructure and transportation hubs all over the globe, that have and will, inevitably enable the spread of the pathogen.

Of all the things our deep state, bankers, and the military-industrial complex are responsible for, i dont really think this is one of them.

Its nature's bag and our poor choice of way of life that brings about these things im afraid.

down she goes

a reply to: Agit8dChop

The S&P 500 futures just got trading halted until the morning.

originally posted by: CriticalStinker

originally posted by: Lumenari

originally posted by: CriticalStinker
a reply to: Lumenari

With the timing, it could hurt everyone.

But between supply chain disruptions at the same time as a threatened petro dollar... I just hope to God this isn't a black swan event.

Incidentally, this is hurting my business as well.

Shuttered oil wells means no Nat Gas for me either...

I'm sorry to hear that... You strike me as someone with contingencies, so I'm confident you'll bounce .

I'll be fine... I am worried about my employees.

As another person on the thread pointed out, we did this dance already in 2014.

I went from 14 people to 4.

Which trimmed back my payroll about 1.4 million a year, but good people with families got hung out to dry till 2017.

Blah.

very strange happenings.

DOJ Futures suddenly up +1,255

a reply to: Agit8dChop

Yea, that's Plunge Protection Team. It's a squad of folks* that work "stawks" and pumps the market, try to keep it green. But it's suppose to be a secret, lol. It was created to so stawks would have a soft landing. Rather than getting DDT'd by Jake The Snake.

Like they are now.

Jake the Snake everybody!

originally posted by: anonentity
a reply to: IAMTAT

Where oil prices go so does the share market, perhaps its time to pull the plug fair value will be a shake up. I don't think Russia gives a flying crap what the West does anymore

Unlike the USA, whose federal govt only makes money from taxing the sale of oil, GAZPROM pays directly into the Kremlin's checking account. This means the price of oil screws with their deficit and the ruble in an immediate way. Not soft like the dollar; but like, going from 2 cents to one cent on the ruble.

They give a crap what Germany and France do. Exports of LPG and natural gas are what keeps the lights on at Putin's summer palace in Petrograd.

a reply to: burdman30ott6