20-04-2020, 18:56
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#2371
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Cable Forum Team
Join Date: Jun 2003
Posts: 15,134
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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 ----------
Quote:
Originally Posted by Mick
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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20-04-2020, 19:00
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#2372
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 14,551
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Re: Coronavirus
Quote:
Originally Posted by Mick
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.
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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20-04-2020, 19:01
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#2373
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Cable Forum Team
Join Date: Jun 2003
Posts: 15,134
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Re: Coronavirus
Quote:
Originally Posted by papa smurf
Petrol still 105ppl near me.
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Give it a month, they'll pass it on. 
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20-04-2020, 19:03
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#2374
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Still alive and fighting
Join Date: Jun 2007
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Posts: 56,635
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Re: Coronavirus
Quote:
Originally Posted by papa smurf
Petrol still 105ppl near me.
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Petrol 102.7p just down the road from us.
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“The only lesson you can learn from history is that it repeats itself”
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20-04-2020, 19:23
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#2375
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Cable Forum Team
Join Date: Jun 2003
Posts: 15,134
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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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20-04-2020, 19:27
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#2376
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Still alive and fighting
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Posts: 56,635
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Re: Coronavirus
Given the total collapse in demand some countries are running out of capacity to store it l hear.
__________________
“The only lesson you can learn from history is that it repeats itself”
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20-04-2020, 19:30
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#2377
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Cable Forum Team
Join Date: Jun 2003
Posts: 15,134
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Re: Coronavirus
Quote:
Originally Posted by denphone
Given the total collapse in demand some countries are running out of capacity to store it l hear.
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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.
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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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20-04-2020, 19:34
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#2378
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cf.mega poster
Join Date: Jun 2003
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Re: Coronavirus
Quote:
Originally Posted by Mick
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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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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20-04-2020, 19:37
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#2379
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Mum 30/09/20 Dad 08/08/24
Join Date: Mar 2004
Location: Galactic Sector ZZ9 Plural Z Alpha, A secret Moonbase (shh don't tell anybody)
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Posts: 17,231
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Re: Coronavirus
Quote:
Originally Posted by denphone
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As a former Liebour voter, he can take that plan and stick it only were customs officials dare go.
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STAY AT HOME: I found out that mum will never walk again as the coronavirus attacked her nervous system. She died on September 30th.
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20-04-2020, 20:19
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#2380
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The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 12,980
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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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The wheel's still turning but the hamsters dead.
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20-04-2020, 23:20
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#2381
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Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
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Re: Coronavirus
Quote:
Originally Posted by Pierre
This perfectly sums up how feel about the media currently.
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The last parts particularly ;
Quote:
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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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Quote:
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If we had had the modern journalist profession in 1940, we would have lost the war. They would have complained about the Governments disastrous mistakes at Narvik. It should have known that the Maginot line wouldn’t work. Journalists would have demanded that Churchill should have been immediately sacked for the defeat at Dunkirk.
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Quote:
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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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__________________
 Baby, I was born this way.
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20-04-2020, 23:47
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#2382
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cf.mega poster
Join Date: Dec 2013
Posts: 15,152
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Re: Coronavirus
Quote:
Originally Posted by Paul
The last parts particularly ;
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Agree with the first excerpt but the other two excerpts are just strawmen arguments which only undermine the article.
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21-04-2020, 03:05
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#2383
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Dr Pepper Addict
Cable Forum Team
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Re: Coronavirus
Quote:
Originally Posted by 1andrew1
Agree with the first excerpt but the other two excerpts are just strawmen arguments which only undermine the article.
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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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Baby, I was born this way.
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21-04-2020, 08:24
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#2384
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Sad Doig Fan!
Join Date: Aug 2007
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Re: Coronavirus
Quote:
Originally Posted by Mick
[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
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Brent Crude is still about $27 a barrel.
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21-04-2020, 08:28
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#2385
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
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Re: Coronavirus
Quote:
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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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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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Last edited by Hugh; 21-04-2020 at 08:34.
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