Latest on the Corona Virus

[n25an]

what to expect when covid 19 stay at home order is cancelled...
(a futurists predictions...)

[n25an]

us oil prices drop below $0 per barrel
(oil is being stored not used...)
US oil prices crash below $0 a barrel. Global stocks are mixed - CNN

what does that mean to the common man???
I honestly can only think lower gas prices...
but there must be other consequences...
other than this is fallout from covid 19 stay at home order

[qbert69]

us oil prices drop below $0 per barrel
(oil is being stored not used...)
US oil prices crash below $0 a barrel. Global stocks are mixed - CNN

what does that mean to the common man???
I honestly can only think lower oil prices...
but there must be other consequences...
other than this is fallout from covid 19 stay at home order

Tesla???....Overunity???....Oil becomes a liability rather than an asset???

Sent from my SM-N950U1 using Tapatalk

[n25an]

(just thinking out loud... let me know if any of this makes any sense...)

if $0 per barrel oil prices more than a blip...


---oil prices generate taxable revenue for producers of oil -- less cash to for expansion... possibly working off surplus stored...
---low oil prices... low taxable revenue.... loss of oil production due to revolution and political unrest..

---no incentive to produce oil since... since the price of oil is far less than it cost to produce it... price below extraction cost...
---oil and natural gas employee a lot of people fresh out of college... if no oil being produced... possibility drop in employment rates in those industries...


---most producers have sovereign wealth funds to offset oil price tax revenue... for 1 to 2 years... so clock is ticking if this is a trend...
---producers often buy derivative contracts to hedge against a bad market price for 1 to 2 years... meaning bad price they make money but only for 1 to 2 years... so clock is ticking...



---the world economic output will shrink... world economy depends on oil... the world economy will shrink to adapt...
---oil price drops cause oil company and energy sector company stock share profits to drop... might affect stock options and company pension programs negatively...



---short term impact...
--fewer new college hires in the oil and gas industries since those industries not expanding due to price being below extraction cost
--fewer hires in oil and energy sector industries and any business dependent on them...
--cheaper gas

---long term impact...
--world economy shrinks
--lower cap on economic output... but more economic activity...
(smaller pie but you might be able to pull out a bigger slice...)

sources
Why oil under $30 per barrel is a major problem | Our Finite World
duckduckgo search for:
low oil price and service sector
duckduckgo search for:
what happens when oil is $0 per barrel

us oil prices drop below $0 per barrel
(oil is being stored not used...)
US oil prices crash below $0 a barrel. Global stocks are mixed - CNN

what does that mean to the common man???
I honestly can only think lower gas prices...
but there must be other consequences...
other than this is fallout from covid 19 stay at home order

[n25an]

next level social distancing... this could be you...
publix jail.jpg

[n25an]

plasma transfusion from those recovered from covid 19
useful as treatment for struggling covid 19 patients...
Anyone who can help Stefanie Miller she... - Jennifer Shapiro | Facebook

[NeoMatrix]

us oil prices drop below $0 per barrel
(oil is being stored not used...)
US oil prices crash below $0 a barrel. Global stocks are mixed - CNN

what does that mean to the common man???
I honestly can only think lower gas prices...
but there must be other consequences...
other than this is fallout from covid 19 stay at home order

You want to see a whole nation of people jump up an down in anger.
People in other countries like USA pay around $1.40 a "gallon" for gasoline.
Here in Australia (the land of the fair-go) we pay around $1.40 per "litre" for petrol.

Here's the best part: Australia is a self sustaining nation. We have our own vast oil an gas reserves.
I know the oil reserves are fact,because back in the day,close family members worked on the drill rigs that drilled two of the main oil production reserves we use in Australia. And yet we Aussies pay morbidly inflated import prices for our own petrol and gas.

In Australia we believe in a "fair-go" for every body, not a draconian "fair-flogging" of every body.

[Phil B.]

us oil prices drop below $0 per barrel
(oil is being stored not used...)
US oil prices crash below $0 a barrel. Global stocks are mixed - CNN

what does that mean to the common man???
I honestly can only think lower gas prices...
but there must be other consequences...
other than this is fallout from covid 19 stay at home order

gas in my area was from $1.38 to $1.41 gal.

I filled all mine up at the Quality Plus $1.38.

MOST of my tiller/weed wacker/boat/gens were 3/4 full .. topped 'em off Buick was 1/2 total bill was around $21.00 w/ a water

[slimslob]

us oil prices drop below $0 per barrel
(oil is being stored not used...)
US oil prices crash below $0 a barrel. Global stocks are mixed - CNN

what does that mean to the common man???
I honestly can only think lower gas prices...
but there must be other consequences...
other than this is fallout from covid 19 stay at home order

Another fabrication that you have fell for. I live in oil country. Here are the prices for the two main crudes produced here in Kern County.
Midway Sunset Crude Oil Price Today, United States - California Price Historical Charts USD/BBL
California

According to Oilprice web page only 5 futures and indexes have gone negative. Click on "OIL PRICES" at the top left to see the complete list Crude Oil Prices Today | OilPrice.com

So take your bull crap and go somewhere else.

[n25an]

more fallout from covid 19 stay at home order...

if you work for a small company that filed an application for payroll protection program and did not receive funds... they may be the victim of unfair play on banks part... and could possibly participate in class action lawsuits regarding payroll protection plan or sue directly...

(big companies stole small companies relief money with big banks help)

US Paycheck protection program scandal
U.S. Paycheck Protection Program Is a Mess. Here’s How We Know. - Barron's

us banks prioritized processing loans with existing customers
Trump administration faces backlash over loan programme – DNyuz

14 years of loans in 14 days
California Is Getting the Most Payroll-Protection Money - Barron's

PPP class action lawsuit bank of america
Rifkin Weiner Livingston LLC sues Bank of America for class action for prioritizing its lending clients and denying access to the PPP Program to its depository clients and other small businesses

PPP class action lawsuits against multiple banks that played favorites
(wells fargo, chase, bank of america, bankcorp etc...)
Suits Allege Banks Played Favorites With Loans | PYMNTS.com


initial source first five minutes of a clark howard podcast
https://player.fm/series/the-clark-h...d-unemployment