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Old 20-04-2020, 18:56   #2371
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Re: Coronavirus

BREAKING: Price of Oil plummets to a record low level of $1.92 a barrel due to global decline in Vehicle usage due to Coronavirus and Saudi-Russia Price war!!!

---------- Post added at 18:56 ---------- Previous post was at 18:54 ----------

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Originally Posted by Mick View Post
BREAKING: Price of Oil plummets to a record low level of $1.92 a barrel due to global decline in Vehicle usage due to Coronavirus and Saudi-Russia Price war!!!
Correction, is now less than $1 a barrel!!!
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Old 20-04-2020, 19:00   #2372
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Re: Coronavirus

Quote:
Originally Posted by Mick View Post
BREAKING: Price of Oil plummets to a record low level of $1.92 a barrel due to global decline in Vehicle usage due to Coronavirus and Saudi-Russia Price war!!!

---------- Post added at 18:56 ---------- Previous post was at 18:54 ----------



Correction, is now less than $1 a barrel!!!
Petrol still 105ppl near me.
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Old 20-04-2020, 19:01   #2373
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Re: Coronavirus

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Originally Posted by papa smurf View Post
Petrol still 105ppl near me.
Give it a month, they'll pass it on.
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Old 20-04-2020, 19:03   #2374
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Re: Coronavirus

Quote:
Originally Posted by papa smurf View Post
Petrol still 105ppl near me.
Petrol 102.7p just down the road from us.
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Old 20-04-2020, 19:23   #2375
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Re: Coronavirus



---------- Post added at 19:23 ---------- Previous post was at 19:04 ----------

AFP NEWS AGENCY: #BREAKING US benchmark WTI #Oil collapses to $0.01/barrel in New York
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Old 20-04-2020, 19:27   #2376
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Re: Coronavirus

Given the total collapse in demand some countries are running out of capacity to store it l hear.
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Old 20-04-2020, 19:30   #2377
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Re: Coronavirus

Quote:
Originally Posted by denphone View Post
Given the total collapse in demand some countries are running out of capacity to store it l hear.
Quote:
Ed Conway, Sky Economics Editor:

Utterly extraordinary. US crude oil prices just dropped into NEGATIVE territory. Current price of a barrel of WTI oil for delivery next month: -$1.43.
How does this work, if I order 1 Million barrels, do they have to pay me $1.43 to take it. making me over a $ 1 Million richer.
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Old 20-04-2020, 19:34   #2378
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Re: Coronavirus

Quote:
Originally Posted by Mick View Post
How does this work, if I order 1 Million barrels, do they have to pay me $1.43 to take it. making me over a $ 1 Million richer.
Yup, they pay you to take it off their hands. Similar happened a while back with North Sea gas. The savings were not passed onto consumers though.
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Old 20-04-2020, 19:37   #2379
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Re: Coronavirus

Quote:
Originally Posted by denphone View Post
Some thoughts here from former PM Tony Blair as he publishes a potential exit plan from lockdown.

https://institute.global/sites/defau...ing%20Harm.pdf

As a former Liebour voter, he can take that plan and stick it only were customs officials dare go.
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Old 20-04-2020, 20:19   #2380
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Re: Coronavirus

Never thought I’d see the day when oil was worthless.

Of course it’s temporary, but still........holy shoot.
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Old 20-04-2020, 23:20   #2381
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Re: Coronavirus

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Originally Posted by Pierre View Post
This perfectly sums up how feel about the media currently.
The last parts particularly ;

Quote:
I didn’t read a single journalist in January or February who predicted that Britain would be locked down in March. I read lots of journalists who said that Covid 19 would be no worse than seasonal flu and we had nothing to worry about. I didn’t read a single journalist who in mid-January accurately predicted how the virus would spread worldwide nor one who said that we should lockdown immediately.
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They would have described our situation as hopeless and would have ridiculed our ability to fight them on the beaches and would have said it was mere arrogance to suppose that our pathetic little country could have a finest hour.
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Old 20-04-2020, 23:47   #2382
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Re: Coronavirus

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Originally Posted by Paul View Post
The last parts particularly ;
Agree with the first excerpt but the other two excerpts are just strawmen arguments which only undermine the article.
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Old 21-04-2020, 03:05   #2383
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Re: Coronavirus

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Originally Posted by 1andrew1 View Post
Agree with the first excerpt but the other two excerpts are just strawmen arguments which only undermine the article.
In your opinion

The second one is partly spot on IMO.
Its doubtful we would have lost the war, but the rest is spot on.

The last one is a bit iffy at best.
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Old 21-04-2020, 08:24   #2384
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Re: Coronavirus

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Originally Posted by Mick View Post
[img]Download Failed (1)[/img]

---------- Post added at 19:23 ---------- Previous post was at 19:04 ----------

AFP NEWS AGENCY: #BREAKING US benchmark WTI #Oil collapses to $0.01/barrel in New York
Brent Crude is still about $27 a barrel.
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Old 21-04-2020, 08:28   #2385
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Re: Coronavirus

Quote:
didn’t read a single journalist in January or February who predicted that Britain would be locked down in March. I read lots of journalists who said that Covid 19 would be no worse than seasonal flu and we had nothing to worry about. I didn’t read a single journalist who in mid-January accurately predicted how the virus would spread worldwide nor one who said that we should lockdown immediately.
First one has a problem with a strawman proposition as well - no journalist has said that that we should have locked down in January and February.

And since WHO didn't declare a Global Emergency until the 30th January, and were still saying on 25th February it was too early to call the outbreak a pandemic, if they had, surely they would have been scaremongering..
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