Posted on 03/18/2020 10:54:58 AM PDT by C19fan
Oil dropped 23% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude and as rising worries about a global recession lead to fears of longer-term demand destruction. U.S. West Texas Intermediate crude fell 23.78%, or $6.41, to $20.55 per barrel, its lowest level since Feb. 2002. WTI is on pace for its third worst day on record.
International benchmark Brent crude shed 13.75%, or $3.97, to trade at $24.76, its lowest level since 2003.
(Excerpt) Read more at cnbc.com ...
Under the distraction of the virus, Russia and Saudi Arabia are waging a war on the US energy sector.
trade at $24.76, its lowest level since 2003.
There is no such thing as coincidences.
I gassed up yesterday at $1.99/gal. I can’t remember the last time I could do that.
yeah and Trump is the one with the most to loose since we’re in a free country unlike those dicktators for life.
we have to unit and support him 100%
All foreign imports of oil should be banned immediately until the balance returns to the energy markets in the US. This means at least breakeven pricing for oil companies. We have used tariffs repeatedly to protect other companies from illegal dumping but we are going to sit by and allow one of the biggest sectors of our market to be destroyed by foreign firms. Block all imports until further notice.
AND the mediapukes rejoice! Stock market and oil crashing ...We’ve got orange man bad now THIS TIME!! The mediaVOMITS and china can go straight to hell!!
There are gonna be a lot of unemployed oil and gas workers soon. Halliburton in Houston just furloughed 3,500.
I can think of a lot of nice wilderness and wooded areas to travel to.
Actually it was Saudi and Russia fighting each other over quotas.
This not good for either of them especially Russia. But we are also taking a hit.
Therefore he must know that there is no way the federal government can underwrite all of the personal, family, business and investment losses this shutdown is going to cause. If this government demonstrably can not underwrite every persons’ medical care, it certainly can not underwrite their entire financial lives. So the end result can not be anything other than financial ruin for the nation.
Therefore, it is imperative that he ignore the advice he has been getting from the same egg heads that predicted the end of snow, the rise of the oceans that were to have flooded NYC and Miami and end this madness of shutdowns, talk of martial law, local state of emergency, citizens involuntarily forcibly banned from the streets, etc.
Either it ends immediately or the living conditions that have made this country the envy of the world will be forever ruined beyond repair.
This country went through WWI, WWII, NKorea, Vietnam, Afghanistan, Iraq, the flu epidemic of 1917-1918, the polio epidemic and countless more deadly “seasonal” flu epidemics...and never during all of that history imposed such draconian laws, rules, regulations on the public.
It must stop or we are done.
Just got fuel oil delivered to my home south of Boston for $2.49 / Gal. - Tom
Bomb Iran, have them threaten the gulf and prices will rise again.
TESLA and Toyota Pious hardest hit.
Gasoline is at 63 cents right now on Bloomberg Energy.
Right out the window regular gas is at 1.83.
Somebody is making out like Bandits.
.
Who the heck other than rich people trying to ‘green wash’ cares about Tesla cars?
The second and 3rd gen Prius are, according to my mechanic actually good cars from a reliability standpoint.
Trump needs to Threaten the Saudis today .
Kick those Saudi terrorists
out of our military bases ,
Stop this oil war now .
Ed
Ed
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