🚨 THIS IS NOT GOOD Oil just collapsed. Prices dropped over 13% in the last 40 minutes.

[riversedge]

I do not know what credentials this guy has . take with a grain of salt.

Link to tweet

?s=20

Alex Mason 👁△
@AlexMasonCrypto
·
1h
🚨 THIS IS NOT GOOD

Oil just collapsed.

Prices dropped over 13% in the last 40 minutes.

Reports that G7 countries are considering releasing up to 400 million barrels from strategic reserves triggered the move.

That kind of intervention changes the supply picture instantly.

Billions of dollars wiped out.

We are approaching an extreme statistical event.

Something that has NEVER happened in modern history.

Do you understand what that means?

More value erased in minutes than the annual GDP of most European countries.

We have officially entered the FORCED LIQUIDATION PHASE.

This is what a liquidity vacuum looks like.

Funds are being margin-called.

They’re selling oil just to survive.

Do not hand them your wealth.

I’ve been in finance for more than 15 years.

When I EXIT the markets completely, I’ll say it here publicly, like I always do.

Link to tweet

?s=20

[Lovie777]

1. Oil prices dropped?.......................

I'm confused.

[gab13by13]

3. Read the thread

They just met this morning and decided to release the international strategic oil reserves which will glut the market with oil.

[appmanga]

5. There's been a near glut of oil...

...for the longest time. Despite Trump's effort's, the so-called "Green Revolution" has been moving forward and this spike in oil hastens more activity in that area. There's a reason why they're called "alternative fuels".

[Hugin]

15. Oil isn't what it once was...

I agree with you on that.

I have no idea what the current magic price per barrel is as I imagine it has dropped significantly. The last time I looked into it ten or fifteen years ago energy alternatives became economically feasible at around $70 per barrel.

Of course, squeezing oils into being purely a lubricant and an ingredient in plastics was always going to take time. But, with a conflict closing off the gulf… There’s plenty of time and loads of incentives.

[muriel_volestrangler]

2. Massive grain of salt, for a guy with "crypto" in his user name

That's not an expert. Sure, 13% down sounds like a lot, but it's just giving up some of the rise in previous hours. Nothing is "wiped out" - this is the variation in the minute-by-minute price. "Value" was not erased.

And another thing - Crypto guy's tweet is marked 2 hours ago now; he claimed the 13% drop was "in the last 40 minutes". It wasn't; it was, as the graph shows, between midnight and 1am Central time. This guy can't read a graph. Don't listen to him.

[gab13by13]

6. Yeah, sounds to me like he personally played the market and lost some money.

[UpInArms]

4. Current prices

CL00
WTI Crude Oil
101.51
+ 10.61
11.67%
673K
54.98
119.48


BZC00
Brent Crude Oil
96.18
+ 8.98
10.30%
131K
58.39
110.06

[Boo1]

7. Collapsed....

To the crazy high price it was yesterday morning....

[ABC123Easy]

8. So what?

I already expected this, "Reports that G7 countries are considering releasing up to 400 million barrels from strategic reserves triggered the move."

What did you think they'd do?

Explain it to me like I'm 5. I'm not arguing, just looking for your explanation.

They'll flood the market with reserves and the price will go down for a while. Obviously, it will go right back up after some time unless the war ends sooner rather than later. Prices will go up as they are now, down a bit, then up again.

I'm finding it hard to freak out. My impression of your post is that you're not.

Again, I'm just looking for an explanation that's all.

Thanks

[SWBTATTReg]

9. BlackRock had recently limited its fund withdrawals by customers, wonder if this all are indicating a major

market drop. Not related to oil. Just the overall bad market vibes overall.

[EdmondDantes_]

11. I wish someone would cause my bank account to collapse by +8%

Looking at any given day of an individual commodity on the market isn't a great way to plan.

[indusurb]

12. WTF is this guy yammering about?

Just looked, oil is between 101 and 102 per barrel. Dow down 500+, S&P down 50 plus, all major 8ndices down, seriously down across the board.

[dweller]

13. The world uses 100-120 million barrels a day

So we’re good for this week ?

🤔




✌🏻

[Cosmocat]

18. Roughly 4 days

nm

[surfered]

14. Not sure what he's talking about! The price is currently $100 bbl

Friday was $91

[ThreeNoSeep]

16. Collapsed? This sounds like planted horseshit

Wayon!

[Lancero]

17. Given that this is sourced from Musks Shitter, I'd say the credentials are toilet paper.

Don't worry though, I'm sure the writing is brown ink.

[ProfessorGAC]

19. It's Accurate

I just checked crude price 5 minutes ago.
It's down $5.80 so far today.
Seems to be a typical market panic, which demonstrates the irrationality of the commodity markets.

[OC375]

20. It's all balance sheets and nail biting until China sends their Navy on a beer run

Mess with the consumer end price all you want, but the problem is that certain geographic locations and industries all over the world need tankers showing up like clockwork every x hours.

Our price at the pump will go up and down as entities play games on paper about whether this pool of oil, or that pool of oil is counted as currently available (doesn't even need to be used, just perceived as in play). We could even just take oil from our own oil companies and say it's better to ask forgiveness than permission, if there's rioting in the streets here. We have oil we can adapt or trade.

But, when resources quit arriving, you have no choice but to venture out to secure them. The gas stations in the ME and Venezuela are now closed, and China imports more oil than anyone.

Hurt people, hurt.