r/WallStreetbetsELITE 1d ago

Loss Fuck. We are doomed

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659 Upvotes

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20

u/mhteeser 1d ago

We are just along for the ride at this point we see how this plays out in 6 months. At this point I am more worried about opec increasing production and oil prices sliding..it will get to point USA oil producers will stop because of it not being profitable or able to export oil do to tariffs. At that time we have to import more with the import tariffs it will be great. It will make it look like the tariffs are working when he just destroyed usa oil production.

10

u/Positive-Feed-4510 1d ago

Drill baby drill?

6

u/mhteeser 1d ago

Kinda the opposite

7

u/Positive-Feed-4510 1d ago

That was the joke I was trying to make lol

6

u/mhteeser 1d ago

Sorry I deal with a lot of people that would say that because they believe it's true.

1

u/breakbeatera 20h ago

youngster don't know about the legendary drill team 6

5

u/sirloindenial 1d ago

He would use the iran attack card, that would prop up the price. Already five b2 spirit in the middle east. And if iran retaliate their only option is attacking the gulf countries, even less production.

I don't believe he is that smart though.

2

u/Smarterchild1337 1d ago

Did Trump accidentally impose aggressive domestic green energy incentives?

5

u/Daxnu 1d ago

America has been enjoying super cheap gas for years. Gas in the EU is double what you pay. It's why we like the not super big ugly gas hogs. If gas was cheap we would buy monster trucks too

3

u/SaiKaiser 1d ago

Great time to not drive much and have a fuel efficient car

1

u/Dominiczkie 20h ago

A bit off topic but we don't buy the giant gas hogs because there's nowhere to park them (god bless Europe)

1

u/LeadingAd6025 17h ago

No mate! It is public transport vs no public transport 

1

u/D00dleArmy 23h ago

This’ll be their excuse to start drilling in protected areas

1

u/mhteeser 16h ago

If it doesn't make a profit they are not going to drill. Doesn't matter where they can drill if the math doesn't math it doesn't happen.

1

u/Notcooldude5 22h ago

The cure for low oil prices is low oil prices…in normal times anyway.

1

u/Notcooldude5 22h ago

The cure for low oil prices is low oil prices…in normal times anyway.

1

u/AverageJoeJohnSmith 19h ago

He will remove Russian sanctions and get some Russian tariff free oil

1

u/Haipul 19h ago

OPEC can't drop prices by a lot because of the restrictions on Russian oil sales... oh wait... Yeah maybe the US president is a Russian agent.