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| International-UN-NGOs |
| DGCX Brent Crude Drops More Than 31% After OPEC Collapse |
| 2020-03-09 |
[PUBLISH.TWITTER]
— Strategic Sentinel (@StratSentinel) March 9, 2020
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| Posted by:Fred |
| #16 I was thinking the same thing garth |
| Posted by: Chris 2020-03-09 18:31 |
| #15 Congrats Skid, may they come out the right direction and be loved by their mommas. |
| Posted by: swksvolFF 2020-03-09 15:21 |
| #14 My stock is dropping, calves! |
| Posted by: Skidmark 2020-03-09 14:47 |
| #13 at $30/bar, it would make sense to fill the strategic reserve with as much as it can take I think there is about 300 Million barrels of storage capacity that is currently unused. |
| Posted by: lord garth 2020-03-09 13:26 |
| #12 but overall I would think it would help most everyone else. It’ll be tough on our frackers, too. |
| Posted by: trailing wife 2020-03-09 13:10 |
| #11 Since Trump's election the MSM (by which I mean the Democratic Party) has been playing the stock market boom as just rich guys getting richer. They will now seamlessly pivot to "small investors losing gazillions" (until the market recovers, when rich guys will resume getting richer.) The person I would least like to be this morning is a manager for one of the large underfunded pension plans. |
| Posted by: Matt 2020-03-09 12:29 |
| #10 40 some years ago I watched a show on PBS called "Wall Street Week in Review" with Louis Rukyser. He started one show with the line: "Wall Street did what it does best this week, it panicked." That has stayed with me as received wisdom ever since. |
| Posted by: AlanC 2020-03-09 11:15 |
| #9 ^^^ this |
| Posted by: Chris 2020-03-09 09:11 |
| #8 Panic = time to make $$$ The economy will boomerang back quickly. This is ridiculously overblown. |
| Posted by: Lex 2020-03-09 08:25 |
| #7 And why will low oil prices mean a recession? I can see some stock mkt. problems for the big boys on the indices but overall I would think it would help most everyone else. Of course if the lack of demand is totally driven by corona fears........that would make some sense. |
| Posted by: AlanC 2020-03-09 08:24 |
| #6 I take it there's been a serious drop in demand from China? |
| Posted by: Procopius2k 2020-03-09 07:47 |
| #5 From Twitter: Timur Kuran @timurkuran This oil-price plunge poses an existential threat to several unpopular autocracies, including Iran, KSA, and Venezuela. They will have to cut subsidies, which means trouble—trouble in the midst of a pandemic. We’re in uncharted territory. |
| Posted by: 3dc 2020-03-09 06:53 |
| #4 |
| Posted by: g(r)omgoru 2020-03-09 04:19 |
| #3 this is a mess |
| Posted by: newc 2020-03-09 04:09 |
