Looking for FBTC bottom. It's been over bought period. Let it fall.
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*Investors Blog*
- Thread starter Warstud
- Start date
I am not a buyer or seller. It’s the closest proxy to liquidity you can track daily.
I meant to type FBTC, sorry. I trade the fido one from time to time.
USA is the number 1 producer oil crude and LNG started with Biden 3 years ago 13 million barrels a day.
Simple, investors believe tying their money up for 10 years is less risky than investing in the short-term. This plus consumer confidence points to a lot of uncertainty right now.
It's the "T" word. Tariffs.
Well said and good point, but it is not that simple.
Oil is primarily sold on a global market, meaning there isn't a separate "American oil" - countries like the US produce their own oil, but it is traded and priced alongside oil from other producing nations on the international market, with price fluctuations affecting all buyers globally; essentially, oil is considered a global commodity.
Many don't seem to realize that we do not have a nationalize oil industry in the US, these are private companies whose job is to maximize profit, not keep gas prices low for US citizens.
Nor do many understand big oil manipulates prices by pulling back on production. "Drill baby drill" is only a slogan for the misinformed.
4WD
$50 site donor 2025
If you really want to talk manipulation - it’s that higher profit industry you are familiar with …
Oil is cheap, go back 50 years and add inflation in. Drives me NuTs 
when people fail to account for all the taxes they voted into the price of a gallon of gas. More so the west coast. Gosh I mean, I haven't paid over $3 a gallon since I dont know when.
The problem with the public, they need to think critically.
1984 inflation adjusted was $2.27 a gallon. I paid $2.79 yesterday in the year 2025 and I didnt go out of my way to find a cheaper price.
2008 it was $3.67
Gosh we love to cry about things without thinking them out. Let's not forget in addition to the above number the insane taxes added on.
https://www.usatoday.com/story/mone...llon-of-gas-cost-year-you-were-born/37115811/
https://www.cnbc.com/2022/04/13/how-much-gas-cost-every-year-since-1978.html
However this is supposed to be an investment thread but I could not hold back posting on this silly stuff.. but I wont comment further. The thread has been up a long time without stuff like this I think.
when people fail to account for all the taxes they voted into the price of a gallon of gas. More so the west coast. Gosh I mean, I haven't paid over $3 a gallon since I dont know when.The problem with the public, they need to think critically.
1984 inflation adjusted was $2.27 a gallon. I paid $2.79 yesterday in the year 2025 and I didnt go out of my way to find a cheaper price.
2008 it was $3.67
Gosh we love to cry about things without thinking them out. Let's not forget in addition to the above number the insane taxes added on.
https://www.usatoday.com/story/mone...llon-of-gas-cost-year-you-were-born/37115811/
https://www.cnbc.com/2022/04/13/how-much-gas-cost-every-year-since-1978.html
However this is supposed to be an investment thread but I could not hold back posting on this silly stuff.. but I wont comment further. The thread has been up a long time without stuff like this I think.
...and that $2.00 gas would put most of them out of business, like it did in 2018 during The Great Oil Crash of 2018, part of the reason we had a heck of a time ramping up production coming out of the last financial slow down.
Dont entirely agree.
Companies cut back drilling and even some oil fields left idle during low prices. Why? because its not worth the cost of pumping. As it is, even though we are self sufficient we still import some oil because the imported oil is less expensive.
Many small US and Canadian drilling companies AND oil field companies as well as companies or groups that hold land or leases with oil go bankrupt during times of low oil prices. The banks will only bankroll them for a certain amount of time, even with oil below the surface. Some times they can get lucky and merge. Other times they have to sell off fields to the bigger guys in the hope to still control some.
I actually did ok on some call options many decades ago. Even though it was a LONG time ago, it highlights, just because you pump oil doesnt not make you rich if oil prices are low. Although this was a scandal it highlights that just because you have oil doesnt mean it is cheap to get out of the ground. We can agree that US regulations arent cheap either.
There is also a link to Harken Energy in the story which bought out Spectrum. Harken did ok for me for the few months I owned it
if that long since it was call options instead of stock if I remember correctly but could have been stock. IT was a short term 40% gain.https://en.wikipedia.org/wiki/Harken_Energy_scandal
Correct. At much below $70 a barrel shale drilling ends - its no longer profitable. It can stay there for a while, but not forever.
As far as bitcoin. It's not going anywhere people were calling for its demise when it was under $1000, under $10,000 etc.
Still Im not buying into anymore. But just the fact that these stories exist says something.
https://uk.finance.yahoo.com/news/why-pension-funds-buying-bitcoin-060051154.html
https://finance.yahoo.com/video/whats-driving-bitcoin-adoption-institutional-060000825.html
Still Im not buying into anymore. But just the fact that these stories exist says something.
https://uk.finance.yahoo.com/news/why-pension-funds-buying-bitcoin-060051154.html
https://finance.yahoo.com/video/whats-driving-bitcoin-adoption-institutional-060000825.html
We still import some oil because we don't have the refinery capacity to fully refine what we and Canada produce but other countries do. So we export what we drilled here to other countries with refineries that can process NA oil and we import oil from other places that is compatible with our refineries.Dont entirely agree.
Companies cut back drilling and even some oil fields left idle during low prices. Why? because its not worth the cost of pumping. As it is, even though we are self sufficient we still import some oil because the imported oil is less expensive.
Many small US and Canadian drilling companies AND oil field companies as well as companies or groups that hold land or leases with oil go bankrupt during times of low oil prices. The banks will only bankroll them for a certain amount of time, even with oil below the surface. Some times they can get lucky and merge. Other times they have to sell off fields to the bigger guys in the hope to still control some.
I actually did ok on some call options many decades ago. Even though it was a LONG time ago, it highlights, just because you pump oil doesnt not make you rich if oil prices are low. Although this was a scandal it highlights that just because you have oil doesnt mean it is cheap to get out of the ground. We can agree that US regulations arent cheap either.
There is also a link to Harken Energy in the story which bought out Spectrum. Harken did ok for me for the few months I owned it
https://en.wikipedia.org/wiki/Harken_Energy_scandal
That's the very definition of price manipulation.
The reason big oil can do this is, there is not a viable substitute.
Have you checked the big oil profitability lately? Oh yeah, and subsidies, both and indirect?
I was just commenting what I did because of something I read, which might even be in one of the links above. Regarding some oil is cheaper to import than use our own, but I think your explanation makes more sense.
I don’t think we’re on the same page. I just happened to mention how smaller companies that drill need the price per barrel to be a certain level. Also, as another posted, the breakeven point for Shell oil is about $70 a barrel after that and any lower it’s not worth it to pump it at that point so call it what you will. This is the great part about a free market. We have the cheapest oil or among the cheapest gasoline prices in the industrialized world, so it certainly works.
I don’t honestly care what the oil companies do because fuel is so cheap
Specifically, it's the light sweet crude that we get from fracking that we only have limited capability to refine. Most US refineries are set up for the thick dirty stuff.
Drill baby, drill really needs to be build baby, build for refineries that can process the light stuff.
