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dboyd3702 (White Giant)
24 Jan 2010 21:24
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Well I see over a month's production of the world Oil has been dumped onto the market so there goes those corps...
Simcountry
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Oil dumped (White Giant)
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Luonnotar (White Giant)
24 Jan 2010 21:40
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You could always buy it up >_>
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dboyd3702 (White Giant)
25 Jan 2010 00:52
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16 bil, nice try...
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Luonnotar (White Giant)
25 Jan 2010 05:07
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Well, it's down to 12.3B now. At 462/unit that's about 6T in cash. A bit expensive but doable.
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Maestro2000 (White Giant)
26 Jan 2010 05:08
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If I was to guess it was the inventory of the former CEO "Big Brother" that hit the market.
It's just a guess
It's just a guess
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Brian K (White Giant)
30 Jan 2010 01:18
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I have bought up most of it.
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dboyd3702 (White Giant)
01 Feb 2010 00:58
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I bought up about 7 bil as well, saved it this time...
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dboyd3702 (White Giant)
02 Feb 2010 00:36
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So over 500 more oil corps showed up, argh...
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Brian K (White Giant)
02 Feb 2010 23:37
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I am going to just keep buying. When the price stabilizes I will put it back on the marked it much smaller quantities.
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Maestro2000 (White Giant)
06 Feb 2010 03:30
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It's my opinion that Simcountry is creating this oil dump situation.
Why?
Can anyone explain why it's happening at the same time on FB world and WG world?
Seems fishy to me......
Why?
Can anyone explain why it's happening at the same time on FB world and WG world?
Seems fishy to me......
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Brian K (White Giant)
09 Feb 2010 03:12
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I have bought well over 50 billion tons. And now I have it deeper red than it has ever been so we will see.
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maclean (Kebir Blue)
09 Feb 2010 07:32
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There is a glut of oil on KB as well. Of course, there is usually a glut of everything on KB, but this has been going on for quite a while with oil.
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Laguna
09 Feb 2010 19:44
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I have to confess this thought crossed my head as well. But I doubt that is case.
This first started on KB long before it started anywhere else. As I can recall, the surplus was of 30-40 million barrels. After sometime, I decided to buy the 18M surplus and some more. The mistake was some more. I drove the market into a shortage of 70M barrels. This monumental shortage cannot be ignored by the game, so in a span of four game months, there were 400 more oil corps in the market, which... well... keep pumping oil into a market surplus. Eventually, they will all close, if no one has the bright idea to buy more oil, and he'll enter into a new prosperous era of oil.
That I noticed, no one bought oil on LU and they are back into the red.
If someone here as any interest in the liberalism of the early XX's and on the keynesianism of the 70's, he will be able to draw amusing parallels. For instance, one of the factors that indirectly contributed to the Great Depression was the lack of governmental action. In this case, that same inaction is what will save the market.
Anyway, the gist of it is: don't buy oil.
This first started on KB long before it started anywhere else. As I can recall, the surplus was of 30-40 million barrels. After sometime, I decided to buy the 18M surplus and some more. The mistake was some more. I drove the market into a shortage of 70M barrels. This monumental shortage cannot be ignored by the game, so in a span of four game months, there were 400 more oil corps in the market, which... well... keep pumping oil into a market surplus. Eventually, they will all close, if no one has the bright idea to buy more oil, and he'll enter into a new prosperous era of oil.
That I noticed, no one bought oil on LU and they are back into the red.
If someone here as any interest in the liberalism of the early XX's and on the keynesianism of the 70's, he will be able to draw amusing parallels. For instance, one of the factors that indirectly contributed to the Great Depression was the lack of governmental action. In this case, that same inaction is what will save the market.
Anyway, the gist of it is: don't buy oil.