Who else is ready for oil stocks to start booming after Venezuela collapses?
>>1249005
Kinda fcked to bet on a country collapsing just to make a quick dollar.
>>1249041
Their fault for being filthy commies.
>>1249005
They do export most of their stuff to the US, however I think their oil is easier for US refineries to use than fracking oil. Still with Canada burning and this it has to help get rid of Cushing glut.
Oil is up 1% already today. Venezuela is down 200k barrels a day in production for the year.
>>1249041
It's betting on the price of oil rising. Just because it's in part of a socialist hellhole struggling in it's death grips is irrelevant.
>>1249062
US has the only refineries that can handle it. It trades at a discount because it's pretty shit. Along with tar sand oil, it's the type used most in plastics and industrial uses.
>>1249005
I’m betting on oil to rise, not that Venezuela will be major catalyst. It’s just some hipsters think we are gone drive electric vehicles in 5 years. Yeah right bunch of idiots.
Put everything you gave in oil, thank me later.
>>1249041
They need to learn from their mistakes and take their prescribed dose of capitalism
I can just as well make money off their collapse as they can make money off their own capitalist economy.
Why would oil stocks boom instead of crashing exactly?
>>1250434
less supply on the market. if the Venezuelan government collapses, PDVSA (state owned oil company) will likely have some major issues as well. that said, I doubt they stop producing oil because of a regime change..
>>1249196
how would you invest $ in oil? equities (majors, midstream?)? options? futures?
>>1250434
Venezuela has a good oil output and there is currently a global oversupply of oil, hence why it's so cheap and hurting oil companies.
Venezuela is collapsing, people are starving, grocery stores are being looted, long power outages, and there is talks of a coup. Just massive anarchy everywhere.
When their oil stops, there is less oversupply, and oil is worth more.
>>1250445
Venezuelq has a good supply but they produce a paltry amount and the markets know a revolution just means oil from a different seller - did anyone in yhis thread bother to do even cursory research?
>>1250440
>>1250445
You're assuming the fucking military (or the next largest armed gang in the country) won't step in and force oil workers to keep pumping at gunpoint and the new regime won't sell oil for pennies per gallon because of debt, inflation and general economic collapse. There's no way they will allow oil production to significantly decrease in a crisis.
>>1250473
when there's talk of a coup and people are literally starving, there's no telling what will happen
at that point, we can even assume the military starts defecting, because they too are starving and not being supplied
>>1250461
I agree with you ibrarlky
>>1250475
>and people are literally starving
reminds me, how do we profit off toilet paper? i assume theyll get some eventually.
>i assume
>>1250475
>a coup
>the military defecting
Yes, and they will start by taking control of the oil industry or they won't last a week.
Also I'll just leave this here:
http://money.cnn.com/2013/09/03/investing/war-syria-stocks-oil/
If you wait for shit to hit the fan you're waiting too much.
>>1250499
Old fag here. I was hedging oil for a Houton company during the build up to Desert Storm. Oil industry folk said the Saudis would shut off oil supplies if the allies went into Kuwait to kick Saddam's ass.
Colin Powell had simply stated: "We go; we win." Texaco started hedging all their oil from $28 up to $32 and so we decided, "If Texaco is doing it so shall we."
A day after the invasion, our CFO called the trading room and asked if anyone knew why PruBache had put $7 million into our account? CFOs didn't know much about risk management in those days.
>>1249041
How so friend?
>>1249005
Mememe
https://www.yahoo.com/news/shell-oil-spill-near-louisiana-130100790.html
>>1249005
What makes you think Saudi won't just up production and completely negate any effect Venezuela supply drop will have?
>>1250531
Did you get stopped out?
But guys how am I suppose to make this car payment on my nice new f150 that I haul my dragon dildo collection in?
I mean when do I get my eco friendly car with a "care for the environment" sticker?
>>1251171
>I mean when do I get my eco friendly car with a "care for the environment" sticker?
When you sell your F-150, buy a Prius C and put the difference in index funds.
>yawn at every oil thread
>try to make anons understand
>>1250443
majors
>>1249005
mmmm please continue!
http://www.marketwatch.com/story/oil-prices-push-past-48-a-barrel-while-analysts-wait-for-the-selloff-2016-05-17
buy the super majors NOW !
>>1250440
I wouldn't be surprised if PDVSA collapses. They spent around $55 million a year sponsoring some shitty F1 driver. Meanwhile, Venezuela descends into total chaos.
Good job guys.
>>1250602
US is dropping, China is dropping, third world shitholes in general are dropping, demand is still rising, russia can't up, Iran can't up for much longer, Saudis probably won't up by that much either (if at all). There is more upside than downside.
>>1252541
>Iran can't up for much longer,
they never did, only sold old stocks from obligated no-sell period.
>>1252546
http://www.opec.org/opec_web/static_files_project/media/downloads/publications/MOMR%20May%202016.pdf
page 55 says 700k barrels
>>1252557
i'm not saying they are not claiming to be doing so (numbers provided by themselves) i'm saying they don't want to say that the investment to pump that much is just not there.
>http://www.bloomberg.com/news/articles/2015-09-10/iran-gets-ready-to-sell-oil-to-the-world
that's just after the sanctions were lifted.
>>1252557
rather 600k
Talk to me /biz/
https://twitter.com/XOKirstySky/status/732380702600249344
>>1252568
According to the opec report, which I linked to you says it has raised the production by 571k barrels compared to the 4th quarter last year. But I agree, they probably can't raise it to 4 million barrels like they claim. They pulled that number out of their ass, when they were trying to piss off Saudis before Doha meeting, so that's why I say that they can't up by much anymore, but upped they already have.
>>1252541
>Saudis probably won't up by that much either
They started this entire price war for market share, you don't think their going to increase their market share? Why not?
Bought USO and UWTI a couple of weeks ago in anticipation.
