OIL

yolo_brick_bowl

Um. Money IS debt. This isn't an analogy, or a metaphor. It is the literal truth. The equals sign implied there is absolutely valid. There are comments in this thread that hint at this: ​ >How should they pay the Bitcoin? More debt? ​ >One of the problems with this plan, the key one in fact, is the USA doesn't want to get out of debt. ​ If the national debt is eliminated, then there will literally be no money in circulation to facilitate USD transactions. If you don't already know and understand this, then I'm sure what you're reading here is considered US financial heresy for you. In that case, I would implore you to read more and learn more about our monetary system. Having said all that, I do sort of agree with the OP. It has paradoxically seemed both ridiculous and totally obvious that the US hasn't been hoovering up all the bitcoin since the day the Silk Road initially forced value onto the token itself. I think both of these statements can be true at the same time: * Bitcoin is THE financial threat the to the American empire (and oil-backed USD) in the long term. The US stands to lose its grounding on the world stage because of it, and therefore must think of it as the enemy. ((( The fact that other nations don't trade OIL for BTC already just shows how ignorant most still remain. Want to screw over the US, immediately give up on your shit fiat and try transacting OIL in BTC with other nations. It's so simple. So doable. How are the US enemies not figuring this out yet? ))) * Bitcoin is THE inevitable future for wealth storage and transfer. It is the hardest asset ever created, and we are all playing the accumulation 'game' whether we realize it or not (game theory). The US only serves to self-destruct by ignoring it. Interesting times ahead, no matter how you slice it.

Cannister7

1. CBD OIL for my cat, is hardly 'drugs' 2. What's DNM? 3. I know how to use Tor. What's your point? Fuck people around here love to assume other people's knowledge.

XBB32

"They will keep control of the prices and you will just trade a virtual version of what ever you want to invest in using virtual tokenized version of cash like the CBDC. They will own all the real assets and all the real wealth and you will hold a computer version of something that feels like that assets and bet on where the price of that asset goes next." Wait... Isn't that what they've been doing for 25 years? Subprimes, HELLOOO!!! Banks already don't own real assets... They sell certificates (but most of the time don't have 100% of the underlying)... They sell options (but most of the time don't hold the underlying) etc... You really think anyone holds enough OIL to cover 100% of the open contacts out there? NO FUCKING WAY ! :D Deutsche Bank, only, has 50T open derivatives... And that's how you end up paying electricity and gas VERY EXPENSIVE... Because some morons are toying with derivatives... Blockchain only is an easier, faster, cheaper way of dealing with dematerialized assets ;) In a few years, all the bonds, stock market, mortgages etc... will be "created" on blockchains and CBDCs will replace fiat... BTC and ETH might survive... But many other cryptoassets might disappear.

Geohussar

That’s where you fail in macroeconomics. If El Salvador sells their BTC for US dollars to buy OIL or other dollar dependent imports, El Salvador has profited from selling their BTC. You’re thinking about keeping BTC as an asset to borrow against, that would be great, but until that happens, and it may not for another several years, El Salvador has to obtain its staple resources with the assets at their disposal.

Abject-Government-13

Not only that but they will no longer utilize US treasury's to secure OIL contracts but instead purchased 20 years OIL contracts directly with Saudi's.

Crypto-4-Freedom

Murica : *Did you say OIL?*

BuGsYq

OIL ftw ;dd

pupaza_din_salcam

Bullish on &SAND and &OIL and $CML :)

furysammy

Right OIL is not permanent once their resources go empty they definitely have to change their path and that path will be crypto that’s why many Asian middle eastern countries are doing really great for crypto adoption

dmaster1

I already invested in an $OIL a long time ago. It was short for oiler, I just checked how it's going, looks like CMC is no longer tracking the price action...so -100% smh

rootpl

I guess we should be on the lookout for $OIL coin.

dimi727

I mean its a good take, but: The OIL price increases wont affect the past August CPI anymore. It will only show in the future months.

bharath2018

Just name a coin as OIL and they will be immediate to act and adopt ! /s

seeyouwhenthesunsets

OIL? 🇺🇲🦅🇺🇲🦅🇺🇲🦅

Dubznation300

Bullish on $OIL

Saschb2b

* 13. june 2022 - bitcoin crash * 17. june 2022 - THIRD LARGEST RUSSIAN OIL COMPANY GAZPROMNEFT PARTNERS WITH BITRIVER TO MINE BITCOIN

Pristine_Spinach8718

Just make an OIL coin and you’ll see how fast America can be on top of it.

fxralyn

you can offer it to Europe or the Dutch. WE ONLY ACCEPT OIL 🇺🇸🇺🇸🇺🇸🦅🦅🦅

hateballrollin

*$OIL enters the chat*

R4ID

>Xrp is funding Ripple. I don't get it That isnt what makes something a security. an example for you, OIL funds EXXON but it isnt a security.

SkyJebus

He definitely meant OIL you smooth brains.

WineMakerBg

USD loses Crypto, what's next, OIL?

crimeo

Oil is not somehow unrelated or mutually exclusive from crypto mining. A ton of crypto mining is USING OIL, they are two links in a chain together, not unrelated targets. Also, politicians in the US have been going after the pollution from oil for ages, anyway, what on earth are you talking about in the first place?

analogOnly

That's fine, but the US buys and manufactures a TON of things in India and China. The BRICS alliance is based on OIL. BRICS has been around since the early 2000s.

analogOnly

Unlikely, the China economy highly depends on the success of the dollar. The US is China's biggest customer. As are lots of other companies dependent on the US dollar. The BRICS alliance has almost everything to do with OIL exports.

Truthsayer1984

So are 99% of people that own Bitcoin. What a dumb fucking take by the way. If you're putting money into an investment you're hoping to make money off it. "YOU'RE ONLY INVESTING IN OIL COMPANIES BECAUSE YOU WANT TO MAKE MONEY" -people like you No shit sherlock.

IHateEditedBgMusic

BTC/OIL soon

mathaiser

SO ARE OIL AND GAS COMPANIES LOBBYING YOU. THEY HAVE KNOWN THIS SINCE THE 70s!!! IF YOU PUT A HARD LINE ON NOW, where the fuck have you been for the last 50 years?!?!

Classic_Ad3154

Unfortunately, that is why the current world powers would try to regulate Bitcoin away; if yo take countries and people out of poverty YOU LOSE CONTROL! PAY FOR OIL, GOODS AND SERVICES WITH OUR DOLLAR OR ELSE. BITCOIN IS A THREAT FAIR. FAIR TRADE IS NOT THE OBJECTIVE OF THE G7.

Prestigious_Owl4418

Nuclear fusion is not new to harmed energy, even if it’s adopted as source the power lines and distribution is still gonna be the existing old ones, which required operation cost $$ to maintain. So in nutshell availability of energy source is the solution the whole ecosystem is challenge. Free energy no possible way. Secondly, OIL hegemony is stronger, it will not break any time soon.

anonymouscitizen2

While you suckers were buying regular old Bitcoin I was buying OIL bitcoin, Rhodium Bitcoin and Uranium Bitcoin. They are natural resources with real intrinsic value on the blockchain. Even if the price drops i’ll just fuel my blockchain car and nuclear reactor with them.

road22

>bitcoin crushing thousands of lives in the process How many lives were lost to save the US Dollar? Why did USA find Weapons of Mass Destruction in IRAQ in 2001 when Saddam Hussein stopped selling oil in US Dollars? Why did USA invade Libya when Omar Kadafi wanted to sell his oil in Gold, not US Dollars. Why did IRAN become and enemy of the US when they stopped selling oil in USD. Why did US destabilize Venezuela when they refused to sell oil in USD, by cutting them out of the SWIFT system. There was a time, that the US could print as many dollars and not have inflation as long as all OIL was sold in USD (the petro dollar system). That system is failing and so is the USD and all currencies tied to the USD.

Grunblau

Crypto is the OIL that is sucked out of the ground by $XOM. Do people buy oil to speculate on price? Yes. It shouldn’t be this hard.

brecciasf

Here's one... USING the FKING DOLLAR TO BUY OIL. Is that good enough ?

rednoids

El Salvador needs a product to export and require BTC in exchange. Think of OPEC countries requiring BTC for OIL, this would move BTC and make it the most important commodity on earth.

Picoton

Smart money could manipulate in the same way the CRUDE OIL and GOLD markets during time. To institutions with that high amount of liquidity, the entire crypto market is a low market cap one.

RC-Coola

i have no idea what you are trying to say. Had I kept my CAD in a savings account, i would have had the same amount of money i had a decade ago. Given what I did, i have +/-3000% more now. There are many places you can spend BTC. And yes, you can convert it to fiat as well. BTC is growing. It is not a full fledged currency by any means...it will be though. Very soon you will see the DOW, S&P, NASDAQ, GOLD, OIL and BTC flash across your CNBC ticker when discussing the markets. We are literally right there.

RC-Coola

I've come to realize after being in this space for almost a decade that all of this exists solely to take money from people who were too late to invest in BTC. I mean, there may be some well intentioned alt coins out there but for the most part...and I mean there may be under 10 honest coins out there....these coins exist to take your money. None of this survives without BTC. None of this prospers without BTC. Why invest in anything but BTC? It just no longer makes sense. The exchanges are corrupt, stable coins are corrupt and 99.99999% of alts are worthless apart from wild speculation. IN 10 years of being glued to this space Ive heard of 203 people striking it rich buying bullshit. The rest have all lost money. The SEC is already on record (for what that is worth) that BTC is a commodity. 10 ish years ago when I bought my first BTC, i envisioned the DOW, the NASDAQ, the S&P500, OIL, GOLD and BTC flash across the screen of MSNBC when talking about the markets. If you are a long term investor, a value investor, a saver or someone fully interested in preserving and maintaining their own wealth, BTC is the one and only. I suppose if you want to speculate and then one day lose your whole investment when we find out just how corrupt Tether and Coinbase and Floki coin are...then, I guess, no prob. To answer your question OP...if it wasn't clear...Im a BTC maximalist and all other projects are pretty much useless. It's never too late to invest in owning your own wealth.

Sajin88

" REAL ESTATE RADIO COMPANY NEWS CRYPTO COMMODITIES CANNABIS OIL GOLD TOP PICKS :Such a low user count would be shocking for The Sandbox, which has considered raising funds at a more than $4 billion valuation. The CoinDesk report used data that only looked at blockchain transactions, Siu said Thursday in an interview with Bloomberg at the TechCrunch Disrupt conference in San Francisco. He said these transactions, which can include sales of virtual land represented by nonfungible tokens, are not reflective of overall engagement with the platform, especially considering that more users are holding onto their NFTs in order to use them in the game, rather than selling them. To look at this metric would be comparable to claiming that “how many people trade on Wall Street is the size of the American population,” he said.  The Sandbox has more than 200,000 monthly active users, he said. Other metrics, such as the number of jobs created on the platform and how much revenue is being generated from the game, are more accurate measures of user engagement on the platform, Siu said."

Mysterious_Ad_4658

Why would the US do that whilst they are actively trying to bring down another commodities (OIL) price down at the same time, think about your thesis here

R4ID

? Bitcoin is a crypto. its not a fintech company. It isnt well suited for cross-border remittance due to its high fees, low scalability, poor predictability and its lack of ability to do complex transactions. with BTC I can only send or receive Bitcoin BTC>BTC With XRP I can send Anything of value and receive whatever I want that has equal value. IE FIAT>XRP>FIAT or Stock>XRP>OIL or Gold>XRP>Bonds or Eth>XRP>BTC etc. sender can send whatever they have of value and receive can receive whatever they want that has equal value. all for less than a penny and in a few seconds.

Sugarbird676

I love this comparison. I doubt “ETH IS DIGITAL OIL!” will ever become s popular meme, but it should.

SurfingPizza_

Uhh it seems like you’re the one who doesn’t know the difference… we were taken off of the gold standard in the 70’s. This came at the heels of every other country demanding their debts be paid back to them in gold since that’s what the standard allowed. We told them nah F that, we’re taking the USD off and forcibly making that the global currency of choice. This allowed us to monopolize the value of the USD in our favor. Aka.. not pulling its true value from gold anymore. Since then the USD has whatever value the US says it does. The gold reserves become just another addition to the nations wealth, and since we increased the value of the USD artificially, the value of that gold stockpile goes up as well. Also, in the early 00s, around the time of 9/11 (go figure), the USA started to work deals with OPEC nations for cheaper oil because of our growing industry. We worked out a deal with them to where the USD would be more tied to OIL and oil production to make our purchases of OIL more efficient, and monopolized. So no, the USD isn’t back by gold. It hasn’t been for a while and it most likely never will be.

RealVoldemort

On a positive note OIL is at 89$!!

nyaaaa

Shutting down the sites would be a more efficient cut to emissions thought. Also this is a OIL company, not a natural gas producer. This is natural gas byproduct from the oil extraction.

abesWaves

Atleast OIL going down as well

ThreeD710

But that's exactly the point I was trying to make. And honestly, I don't get it as to why people like to complicate things? It's like when one hears someone say something complicated, one feels they are smart and hence they also want to project the impression of being smart and hence try to make it complicated by throwing words that the average audience doesn't audience. ​ Why would I need to throw vectors on this post here and the knowledge of how to sum them? The whole purpose of making general people understand about inflation will be lost because it will just make it complicated. There are honestly unlimited reasons that affect inflation (which I agree and hence you have an error factor). And because I agree that there are numerous factors that affect inflation when people make statements like, "80% of the money was printed in the last 22 months and hence inflation" OR "increasing wages caused inflation" OR when people believe such statements, I want them to understand that these aren't true. These are just eye catching headlines to reel them in and drive their attention away from the main issues. Let's take one example - Oil Prices. They are high worldwide and that's where the masses are feeling the pinch. But the issue is that they care only about the gas price at the gas station whilst filling their vehicles. And they forget that probably the electricity that generates their homes, the food that they eat, the water that they use, all require oil in some form or another to be produced and delivered to them. So the question is can't OIL prices really be controlled in some form or another in a particular country? Can't oil companies be asked to make lesser money because during tougher times they ask for a handout from the government which is the people, but during good times, they don't wanna pay back. Now this is an example and the point I am trying to make is that these are the things that people should focus on but rather their attention is diverted to stupid headlines and all they care about is that but not other root causes

Cypto_Spaniard

I hope with GAS and OIL starting to go down, and all media in Europe , anticipating a crisis (it usually gets it wrong). We see the biggest and dirtiest pump ever ...and a glorious Q. Boooom . BTC 100k

Zarathustra5d

You seem to be disagreeing with me about the USD has RECENTLY lost its: OIL is ‘PEGGED to the dollar’ status, primary because such status is only retained by a OIL PRODUCING nation, Biden stopped that a year ago. While encouraging Russia’s NORD2 pipeline. Oxymoronic?

inddais

there is always a difference in buying APPLE stock and buying stocks of a company that has an APP in APPLE. Smart Contracts serves different purposes and you can always verify the purpose and if it is good, then it scores. Just remove OIL from Dollar - there will be no purpose for some country to hold it outside US. If there is a purpose, the currency lives.

Ragefan66

This would make sense if the gas price wasn't 99% controlled by the oil oligarch OPEC (which includes Russia as a main part of the board). Gas straight up barely relies on any inflationary factors. Literally the only thing it really relies on is the cost of refinement and the manipulation from OPEC. OIL was $25 2 years ago and went up to $125 since then, do you seriously think INFLATION in other goods caused a 400% price increase in gas??? ....a 400% price increase even though the average inflation for that time span has been less than 7% overall....

Candid_Collection_30

Printing Money is not accessible to people … But bitcoin mining is…. However if factories are set up to mine limited number of BTC…. At one point Big Hoarders will hoard them n dictate the supply …. Like Arab countries use their OIL… we have enough oil to run fr 5 centuries yet it is supplied within limits …same will be done with BTC…

MilesPower

Probably not best to liken BTC to the oil industry given the parallels drawn with POW energy use and the fact that, whilst OIL has spurred industry and development forward, it has irrevocably fucked the environment.

hyrootpharms

It's Biden's, failed economic policies and anti fossil fuel Rhetoric that caused the decrease in supply Biden stated he wanted to prosecute oil executives and promised to and fossil fuel industry. That was before he even got elected he said "that's right put them in jail I'm not joking about this Biden said..." Here are the steps Biden took that's causing the price of oil to skyrocket. Before Joe Biden got into office the US it is a fact had become Energy INDEPENDENT, USA , was producing 6 billion more barrels of oil per day under Trump's presidency than Russia or Saudi Arabia. U.S. was actually exporting more oil than importing oil for the first time in 70 years. It is Joe Biden who has completely destroyed are affordable energy when you take the Affordable Energy policies off the table then you open up a feast for other countries like Saudi arabia, IRAN, Venezuela, The UAE, Russia to force the United States to depend on foreign countries for oil we are not in any position or any way shape or form ready for solar wind to generate enough electricity for the entire United States. 1. Canceled completion of the Keystone XL pipeline which would have benefited America and Canada even the Keystone Pipeline after Biden was begging OPEC and other countries for oil? Keystone XL Pipeline 2 They said they could be delivering over 844,000 barrels of oil a day to the United States through that pipeline. 2. After Joe Biden cancels the XL Keystone Pipeline he lifted sanctions that Trump placed against a Russian Energy company Nord STREAM Pipeline 2 allowing Russia Putin to finish constructing that pipeline which would benefit Russia and force European countries including Germany to rely on Russia for their energy sources. 3. Joe Biden, then hits into our emergency oil reserve. 4. Joe Biden then begs OPEC to produce more oil they told him to go pound sand and drill for his own oil? 5. Joe Biden begs these foreign countries for more oil, Saudi Arabia, IRAN, VENEZUELA, THE UAE, AND RUSSIA SO WAIT A SECOND DO ALL THESE COUNTRIES REFINE OIL CLEANER THAN THE UNITED STATES DOES HELL NO THEY DON'T BUT HE WAS BEGGING FOR OIL FROM THEM! 6. BIDEN , Place new regulations on methane emissions from oil and gas production, transmission, storage and distribution to equal a billion dollars a year. 7. Buying them signs a resolution overturning Trump's reforms to EPA oil and gas rules. 8. Biden's restricting or impeding energy projects by halting gas leases on federal lands and Water ways. 9. Biden suspended oil and gas leases on ANWR and New Mexico despite opposition from the Navajo Nation. 10. Biden resurrected the Waters of the US rule. 11. Biden rescinded endangered species Act which increases red tape and allows litigations. EVEN if you were an oil company would you go out and even try to do drill for oil at this point even if you had a lease you're going to have to fight the government red tape and it could be in the court system for how long. 12. Biden rejoined the Paris Accord agreement. 13. Find an appointed countless accountable energy regulators to go after the oil companies. 14. Biden is forcing states to restrict driving and require states to develop carbon reduction plans. 15. Biden fell to take action on small refinery wavery's for renewable fuel standards in proving regulatory relief from biofuel mandate.. 16. Biden finalized new regulation greenhouse admissions from Cars and trucks which increase vehicles prices. 17. Biden's new carbon taxes in wholesale electricity market. 18. By the increase prices on common household necessities taxed air conditioning and refrigerators. 19. Biden raising the social cost of greenhouse cost of regulatory actions. 20. Biden imposed new cost on power generation.

vidiot1216

There are 4 prices of money: 1) spot=> 1 BTC=1 BTC, 2) F/X => 1 BTC=$20k 3) borrow rate => FVofBTC=PVofBTC(1+r)^n 4) commodity => (GOLD or OIL) / BTC

Ratchet_as_fuck

Bitcoin doesn't just hop out of the network as pure coins lol, fully half the price is simply in the mining of it, and that goes up as the price of OIL goes up. OP needs to work on his knowledge of the 'Real World'.

roundblackjoob

Even if the story was true it wouldn't influence the price of gold. Gold doesn't just hop out of the ground as pure ingots lol, fully half the price is simply in the mining of it, and that goes up as the price of OIL goes up. OP needs to work on his knowledge of the 'Real World'

Cizzar

Do you mean oil or is OIL also a crypto ?

WinterfuryZX

OIL is pumping... the markets will probably be dumpy today...

WinterfuryZX

OIL must finish its bullrun, first. Then inflation will go down and markets can recover.

Nohbody1234567

OIL, LNG, Copper, etc are all going to move higher. BTC is similar. Limited. Eventually, it will catch on. BTC is a rare commodity but later can be a currency. It is how you look at it in different times. Portable, divisible. Most traders don't get it yet. The people who understand it keeps on buying on dips so it gets more widely distributed. That is good for the long term. That is how it will become adopted. Investors come in when they see the price moving up, not down. BTC is a tech, commodity, currency(possibly) and store of value. It is a very special. It takes time for people to learn. I have never sold any in 7 years and not planning to.

eqleriq

cool but the thing you're responding to says SHUTTING OFF DOMESTIC OIL not preventing new projects that have a many decade ROI. Nothing you're bringing up would have stopped the prices from going where they are now and is wholly irrelevant to this idea that the current admin is responsible for it.

229media

I think OIL is the thing that is going to use more and more very the time, With the increase in the use case of the oil, the demand never gonna goes down for those companies.

Dfranco123

OIL ⬆️⬆️⬆️

suninabox

> someone suggests naively stupid shit like “individual miners can just go somewhere else lol frEeDuMb” It's just the latest reality-denying cope. If you can believe that all these professional bitcoin miners are liberty loving patriots not amoral businesses, willing to lie down their profits on the altar of decentralization at a moments notice, you don't have to think any uncomfortable thoughts about why a handful of companies already control the majority of hashpower, and what might happen to the incentive to centralize if mining power increases and it becomes harder and harder to profitably mine outside massive pools. Surely if these mining pools did anything *really* bad, then these brave patriotic miners would rise up and over throw them. It's the same dogmatic free-market "the market always perfectly self-regulates" fundamentalism as thinking no business could ever do anything bad "because they'd lose business and people wouldn't buy things off them anymore". Yeah that must be why BP posted record profits this quarter, because everyone was so upset about the deep water horizon spill they refused on principle to buy BP products anymore. Or you know, people don't give a shit because its fucking OIL and the only thing people want from oil is for it to be cheap and flammable.

R4ID

>Correct me if I'm wrong, but this just seems like trying to play alongside the banking system, within their terms and conditions. >The goal is to move BEYOND fiat, not integrate even more into our payment systems. The goal is to give everyone the option to CHOOSE between Fiat, crypto, stocks, oil, bonds, ETFs all at the same time. This system allows you to accept what you want and need at any given moment and will help facilitate any trades you need Live for almost no cost in seconds. If you want to receive payment in BTC because BTC has more use to you, you can do that. But for the person who needs Fiat to pay for supplies/work, it offers that as well. The freedom is in the choice. >Why are they helping prop up and develop CBDC Because it helps many more people than BTC does. In some countries the fee to send a BTC transaction can be a full day/weeks worth of wages. But for that worker who is from thailand working in egypt and sending money back home, being able to convert the egyptian pound to Thai baht in seconds instead of days for a penny, helps them and their family more. You can argue you can do the same with Bitcoin but Id simply argue not for the same speed, cost or level of security. > so that the banking cartel can have even more control over our monetary system? Forcing Banking cartels to play in an open level playing field removes their control from the system. >It sounds like it's just offering what BTC already does while trying to abide by the current fiat status quo, rather than replace it wholesale. XRP is faster, cheaper to transact in, has more fiat pairs than BTC, allows people to convert incoming payments into anything they want (Gold, OIL, Lumber, Stock, Fiat, Crypto) What use is Bitcoin if I cant actually use it on the other end and pay a large fee to even attempt to do so?

Castr0-

Real world change so fast. Crypto do the same. We have so much things in such small timeline. COVID, LOCKDOWN, WAR, ELECTIONS, INFLATION, GAS FEES, OIL PRICE, MURDER, ....

vortex30

Yea man, fucking Putin, all his fault... Look at OIL!!! *looks at oil* "Oh... It uhh... It is around the same price that it was at when Putin launched his invasion of Ukraine, just slightly higher...?" Yeah, exactly, all Putin's fault!!!!!!!! Ignore the fact the Federal Reserve printed $5 trillion in 2 years and M2 Money Supply went up 33% in 2 years. Totally irrelevant when discussing inflation, it is all Putin + supply chains and that's that!!

wxyzed

Lol maybe no one else did that one on their calculators at school. Upside down it spells SHELL OIL... Now is that as fun as 80085? No, but it just reminded me :)

Due-Session-4608

BTC for OIL and i will see guys on MOOON. 1000%

stedgyson

And LTC is digital SILVER and ETH is digital OIL

Extension-Relation-3

You haven't actually responded With data to back up your original claim that it "anecdotally isn't true" in your area. So please show me your local solar / wind farms, what their generating capacity is, and what their transmission capacity is. > In a more concerted effort to address climate change, I actually posit that we should completely nationalize our energy systems, We use 1 cubic mile of oil per year and a lot of nat gas that comes with if. If we wanted to fix human impact on climate change by reducing our reliance on energy that isn't carbon neutral it would require we build over 8000 nuclear plants worldwide. The cost is more than the entire world's GDP. Nationalizing won't fix anything. (Though we should have nationalized OIL like Truman wanted so the American people profit off our natural resources like Norway, but that's a different conversation) https://spectrum.ieee.org/joules-btus-quads-lets-call-the-whole-thing-off

Jxntb733

On Friday, the European Commission, the executive body in Brussels, welcomed the fifth round of restrictions agreed upon by the Council of the EU. They have been tailored to “further contribute to ramping up economic pressure on the Kremlin and cripple its ability to finance its invasion of Ukraine.” BUT EUROPE IS STILL BUYING BILLIONS IN RUSSIAN OIL EVERY DAY - what performative geopolitics 🤬

slasula


0_PowPow

Bullish on $OIL

TarkovReddit0r

I sold OIL options to buy crypto back end of January. Bought OIL calls at 74$ - sold at 85$. Felt like a jackpot and easy win to reinvest in crypto. Fuck

NarutoKePapa

Because unlike BTC, OIL fills the govt. coffers.

SubmarineGoesDown

Is now a good time to create a new shitcoin called OIL? And add in a contract code that as soon the largest Whale finds a wallet with OIL in in, it is legally allowed to take any other token and replace it will FREEDOM token? Thinking about pitching it to some youtubers.

East-Bit820

So.... while we are buying russian gas and oil (financing the Russian side of the war) we also release some propaganda to let the people all over the world give money to Ukraine, effectively financing both sides of the same war. Russia man bad, abso-fucking-lutely but, if you hate the man so much and want him to lose, STOP BUYING HIS F\*CKING OIL & GAS.

Thin-Ad-5857

DXY at 2 year high, OIL at 110+ dollars. LOL, this is not good for crypto/stocks.

swampmeister

Even worse, they Got OIL! So, with real gold, oil, and other commodities... ( Wood, coal, grains, etc)... then they can still sell on the world market! Even if they default on their western debt! The world money system will take a dive, but for Putin and Russia, they don';t care! ​ They can sell oil and natural resources to China, Iran, and any other country which has something of value to trade...

geekbread

bullish on $OIL

manonFan

Absolutely nothing. For example, it’s pretty obvious what are the forces in action for the price of OIL. So if you can interpret the news, you should know if the trend price for OIL in the next days and months will be UP or DOWN. And you know the dynamics which affect the prices whenever a news event occur. But with crypto assets in general, there is no such thing. On most crypto project , the price is only a function of the demands buy and offer sells, and to make things even worse , each platform is different price and the gap between 2 platforms can be very huge for absolutely no reason. So if you are on the wrong platform , you could be forced to sell or buy at a price you don’t want, especially in case of flash crash in the markets.

_Commando_

How is the US going to pay for the Russian OIL it imports into the US? How is Germany going to pay for the Russian GAS it imports into Germany???

Agustinroses

Well, there is a chance that FED rates hikes goes below of whats expected because of the OIL and GAS increase wich means less consumption wich means less expected inflation. Lets see how that plays out.

uszlajanyfj

I did DCA 3 nights ago just before the first attack, timing comes down to everything. Traded the commodity markets tho, GOLD And OIL did great, imagine having such options on the Blockchain, with the likes of Derived finance and derivative exchange.

60sMan

Hey you know Russia has been inside u Crane since 2014 in the same conflict nothing has changed . other than Bidumb Forking millions in oil money to putin so we have to import oil to the us on ships that BURN OIL,leak and spill....? Brandon is actully Funding PUTINS so called invasion will oil money Does anyone read?

Graham2405

Energy prices are bad enough already, sanctions on Russia's biggest source of hard currency (OIL & GAS) will be painful for them and us.

ADDpillz

The media shilling Russia FUD has been a bottom signal for atleast 50yrs. It's like the moment the US begins to struggle with inflation and other economic woes, the big bad Russian boogie man conveniently appears in the media. For the brainwashed boomers that have been conditioned to fear Russians since you were in middleschool. News Flash. All this shit is a theatre. All directed, scripted, 100% reality TV show clown government. Literally posturing for the inevitable circle jerk the media has planned next after the "hours of tense negotiations' to the inevitable TREATY where each leader goes back home as the self proclaimed winner of whatever agenda they already schemed up between all nations involved. psssst it probably has something to do with RUSSIAN OIL being laundered to Germany/EU through Ukraine pipelines. Maybe Russia doesn't want CHINA to be the buyers of almost all of their OIL for which the Russian petro Rubal completely relies on. Why would Uncle Sam have an interest in Russia scaling back OIL dependence on China????? OH dear my Noggin is just to joggin folks. But how was Russia getting OIL into the EU before? Which Middle Eastern countries currency just completely collapsed a month or so ago? >power level Over 9000

Optimal-Ad-5891

His family own that OIL DRILLING. Google it.

Optimal-Ad-5891

His family own ls that OIL DRILLING. Google it.

Burrito_Loyalist

23 year olds that are going to inherit their family’s OIL COMPANY.

ClintnAnna

Where does it say his dad owns oil drilling? How do you even own OIL DRILLING? It doesn't indicate in the article that they came from money and if these guys grew up in 'wildcatting' families it's likely they were the blue collar workers, not the big money executives. Read the full article and it looks like these 2 put in the work and effort to build this business and in a new space. Gotta give them props for that!

Optimal-Ad-5891

Dont be - their dad Owns OIL DRILLING.

Optimal-Ad-5891

His Dad owns OIL DRILLING.

benditbackwards

Yes agreed, its in my own self interest that I hope they do start using BTC as a currency to conduct trade. I'd say if any one of the big countries start paying for their trade in BTC, ( like Iran accepting BTC for their OIL ) or even Russia ( more likely ) accepting BTC for their oil. I can see BTC hitting $1M USD easy, due to the small amount of BTC available and the large sums of exchange of value involved. Its all a matter of which big trading country does this first.

burgerissues

DXY is green, NASDAQ and SPX are green, GOLD and OIL are green, US treasuries are green, crypto markets are green. How is this even possible?

therealdivs1210

🤦🏽‍♂️ I don't know if you are intentionally trying to be dense. In case you're being serious, I am trying to tell you that you are trying to compare GOLD to OIL. GOLD is irreplaceable because society values it. Silver and Platinum and Palladium exist, but Gold reigns supreme as the precious metal of choice. OIL might be replaced by diesel or solar or something else in the future.

ThrowAwaydntopnddins

Here's m favorite quote from the article: "Not a single body coming out in support to the bank’s position. According to Lenta, MPs are worried that the newly announced ban “could turn Russia into a laughing stock for the whole world” as there is no practical way to stop the circulation of cryptocurrency." Sounds to me like China is making an example to the rest of the world about the warnings of the global laughing stocks they'd become if they tried to ban cryptocurrencies. Guess their ban might end up being "Good for crypto" after all if it scares countries like Russia from following in their footsteps. The banks report had little merit to me when I heard of it since Putin has talked favorably about Bitcoin in the past. He even said that he could see Russia using it one day for cross boarder payments and for their OIL if it's liquidity ever gets large enough to make such transactions possible. And IDK about you, but I'd trust Putin over what their central bank says. In mother Russia, Putin gets the final word

ThrowAwaydntopnddins

Yeah, he even spoke about potentially using it to settle cross country payments and even for OIL on day, putting it in direct territory of the dollars petra dollar status that forces other countries to hold the dollar to buy oil from other nations. His only reason he stated as not doing so yet was that it's liquidity wasn't large enough at the moment. I wonder how large he needs it to be to implement that move.