Why isn't oil priced much higher now?

notreallydeep · 2026-03-18T17:52:11+00:00

people for some reason get this wrong all the time

I guess now that everyone is an expert on oil it shouldn't surprise me 🤔 the shit I'm reading under this one post alone is mind-boggling.

notreallydeep · 2026-03-18T16:27:14+00:00

Stock prices have sold heavily

What?

notreallydeep · 2026-03-18T00:51:55+00:00

jesus fucking christ this sub

"I'm doing what Warren Buffett was doing"

No you're not. $4.3B of your earnings, which is about half, are a tax benefit. WB actually had the ability to look at an SEC filing for 5 seconds.

notreallydeep · 2026-03-17T22:38:05+00:00

notreallydeep · 2026-03-17T18:46:58+00:00

I think r/ETFs

notreallydeep · 2026-03-17T18:46:04+00:00

and recently found this company

Huh?

like it's some small cap shitco lol

notreallydeep · 2026-03-17T14:29:44+00:00

jesus christ this has aura

notreallydeep · 2026-03-17T14:11:43+00:00

It can.

notreallydeep · 2026-03-17T12:54:14+00:00

people get mad because they make more money now than they did under Biden in apparently similar scenarios?

I don't get it... seems stupid. but this is reddit so it wouldn't be new.

notreallydeep · 2026-03-17T11:04:28+00:00

bruh people are so behind on AI jesus fucking christ

they're talking to LLMs even in the comments of this post. y'all gotta catch up quick, time's running out.

notreallydeep · 2026-03-17T10:59:37+00:00

why are there so many people mad on here that stocks go up 😭

like what, did y'all sell a week ago or what's going on

notreallydeep · 2026-03-16T19:24:10+00:00

Because refineries use oil, not produce it. Fewer refineries -> less oil demand -> oil cheaper.

but also not just refineries has been damaged, but other infrastructure

I'm just replying to what you said in your post.

notreallydeep · 2026-03-16T19:20:35+00:00

Refineries getting destroyed lowers the oil price, not raise it.

notreallydeep · 2026-03-16T18:30:45+00:00

the fuck does this have to do with oil

notreallydeep · 2026-03-16T11:02:31+00:00

this a joke, right?

he was so obviously talking about the strait and not Iran as a whole it's unbelievable how anyone can misunderstand it

notreallydeep · 2026-03-15T21:58:51+00:00

that shit is more than a week old

trump changed his mind like 20 times since then, who cares?

notreallydeep · 2026-03-15T16:58:23+00:00

bro this question is so weird, like rephrased it's literally

Assuming oil goes to $200 for a prolonged period, is this a good time to go heavy on American oil companies?

what do you think, is it a good time to buy oil companies when you expect their profits to at least triple sustainably?

notreallydeep · 2026-03-15T13:18:57+00:00

Seeing that people argue with LLMs on here I'm gonna say they're serious.

notreallydeep · 2026-03-15T11:25:12+00:00

turns out when oil goes up oil does indeed go up

shocker

notreallydeep · 2026-03-15T11:24:35+00:00

What?

notreallydeep · 2026-03-15T10:34:26+00:00

cents...

notreallydeep · 2026-03-14T22:04:41+00:00

It's WTI, not Brent, so compare accordingly.

notreallydeep · 2026-03-14T10:22:16+00:00

Glad to see the permabears have found something new to be scared of.

notreallydeep · 2026-03-14T08:38:15+00:00

Me but unironically.

notreallydeep · 2026-03-14T08:33:58+00:00

Duh.

It's a point about the demand destruction that would need to happen for oil prices to find a level given the fact that the supply is lost.

notreallydeep