Hopefully once the president is reelected he builds manufacturing capacity at home. That way we can cut off completely countries that flood our market with goods and not accept ours as well as countries that wage economic warfare against us.
What % of Russia economy is oil? -- Just looked it up, 50% of its budget revenue is oil. They claimed they could survive for 5 years of $25 oil but that's all gone now and panic will remove everything else.
Okay so the price of June oil which is what people actually buy and sell though May is still at $20.
Almost makes you want to build an oil tank in the back yard.
Hopefully once the president is reelected he builds manufacturing capacity at home. That way we can cut off completely countries that flood our market with goods and not accept ours as well as countries that wage economic warfare against us.
What could a common American citizen do with oil? Could a common American citizen obtain oil?
Buy oil futures. It's basically the same as owning oil, but you don't have to store it.
What % of Russia economy is oil? -- Just looked it up, 50% of its budget revenue is oil. They claimed they could survive for 5 years of $25 oil but that's all gone now and panic will remove everything else.
Okay so the price of June oil which is what people actually buy and sell though May is still at $20.
Like...all of it.
yes
Just hit $ 0.00
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
Heh... It's now negative, very negative!
As I typed this, it's at .13
They made it too late. Not that Russia would have followed through on it anyway.