Wyoming is selling a barrel of oil for cheaper than a candy bar.

Discussion in 'Economics' started by Amun Ra, Mar 31, 2020.

  1. Amun Ra

    Amun Ra

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    I guess you guys all rushed to buy Wyoming sour yesterday.
     
    #11     Apr 2, 2020
  2. Tora

    Tora

    In a crisis, everyone acts in a way that is beneficial to them. And that's okay. It's no secret that some companies are now making super profits. While all other companies suffer colossal losses, and accordingly, the larger the company the more it loses. On the other hand, the decline in price may be due to the fact that there is a large number of assets in the market and it is simply not profitable to put a high value now. This is a key pattern, the bigger the asset, the smaller its price. In fact, it is possible to get a good income in any format, and each company is doing this work because it is profitable for it. We are in any case outside observers who can make assumptions.
     
    #12     Apr 2, 2020