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Unprecedented moves are being made in the oil markets as the lack of demand has caused the demand for storage to exceed capacity. At this hour, various sources are quoting oil at NEGATIVE $6 and some change per barrel. Yahoo Finance can't handle this. Their quote shows a roughly $25 price decline, but continues to quote it at $0.05 despite the last price being in the teens. Nobody knows the web developers are naked until commodity prices go negative.
Update -- Yahoo Finance somehow fixed their glitch. The WTI Contract is now quoted at -$18.20 on a drop of $36.47. Other sources are stating the futures contract closed at -$37.63. This doesn't mean global oil prices are negative. It's just a widely quoted contract for delivery in Oklahoma. World oil prices at various locations are still in the 20s, and later dated contracts for US delivery are in the 20s for now.
(Score: 1, Informative) by Anonymous Coward on Monday April 20 2020, @07:25PM (10 children)
CL1 WTI futures price [bloomberg.com] - CL1 = closest to expiration. For anybody not familiar, this is happening because Saudi Arabia and Russia are engaged in a price war, pumping as much as they can while sales have flatlined due to covid-19 lockdown and now the world has no more storage capacity.
(Score: 0) by Anonymous Coward on Monday April 20 2020, @09:54PM (9 children)
The world has plenty of holes in the ground they can pump the oil into.
(Score: 2) by VLM on Tuesday April 21 2020, @01:43PM (8 children)
The EPA would beg to differ with you.
There are things you can do with crude that make money like turn it into styrene and other plastics but once again, capital intensive to build capacity and where do you store tank cars of styrene monomer and that has expiration dates too, etc.
(Score: 2) by barbara hudson on Tuesday April 21 2020, @03:10PM (6 children)
SoylentNews is social media. Says so right in the slogan. Soylentnews is people, not tech.
(Score: 3, Insightful) by https on Tuesday April 21 2020, @05:21PM (5 children)
How about don't take it out of the ground in the first place.
Offended and laughing about it.
(Score: 2) by barbara hudson on Tuesday April 21 2020, @05:43PM (4 children)
It's going to come to that, but only after there is absolutely no other option because it's too expensive compared to other sources. The Canadian tar sands ate the dirtiest source of oil on the planet, as well as the most energy-intensive to mine and convert to crude oil, and yet asshole Justin Trudeau is too afraid of Alberta to say "leave it in the ground and all that money we're spending on pipelines we'll spend to create green jobs in your province."
Albertans are Canada's answer to Trump supporters. They insist Alberta oil is among the cleanest in the world. They insist on calling the tar sands "oil sands" even though you have to use superheated steam to get any "oil" to flow out of the gunk. Maybe we should dump "oil sands" in their pickup beds and watch them try to get it out - an ordinary pressure washer that doesn't heat the water up won't do it.
SoylentNews is social media. Says so right in the slogan. Soylentnews is people, not tech.
(Score: 2) by DeathMonkey on Tuesday April 21 2020, @08:02PM (2 children)
That's true, but at the rate we're filling our storage capacity that could occur sooner than you might expect.
U.S. crude oil storage is filling rapidly [reuters.com]
(Score: 0) by Anonymous Coward on Thursday April 23 2020, @03:25AM (1 child)
This is false, there is plenty of storage for the oil.
(Score: 2) by Pslytely Psycho on Friday April 24 2020, @06:25PM
You're full of shit, and possibly have injected bleach or Isopropanol as well..
https://www.marketwatch.com/story/the-oil-market-is-running-out-of-storage-options-2020-04-21 [marketwatch.com]
Alex Jones lawyer inspires new TV series: CSI Moron Division.
(Score: 1) by khallow on Wednesday April 22 2020, @02:18PM
I wouldn't trust a government that subsidizes [energeticcity.ca] highly profitable oil pipelines to know what a green job is.
(Score: 2) by DeathMonkey on Tuesday April 21 2020, @03:25PM
They're called disposal wells and they're used for all sorts of stuff. [epa.gov]
(Score: 3, Interesting) by DeathMonkey on Monday April 20 2020, @08:43PM (77 children)
If you look at a graph of US Oil & Gas production overlaid with the recovery from the 2008 Great Recession you can't help but notice how the dramatic increase in production occurred at the same time we began clawing ourselves out of the hole.
If you're hoping for a "V-shaped" coronavirus economic recovery (e.g. a fast one) then a cratering Oil & Gas industry is not a great sign.
(Whether that's a price we're willing to pay for the environmental improvement I'll leave as an exercise for the reader)
(Score: -1, Troll) by Anonymous Coward on Monday April 20 2020, @09:49PM (67 children)
All over a virus no doctor can even find, last I heard all they saw when they looked was a clump of cells that looked like a virus.
(Score: 2) by DeathMonkey on Monday April 20 2020, @09:55PM (66 children)
They found it in the 42,186 dead Americans they tested.
(Score: -1, Troll) by Anonymous Coward on Monday April 20 2020, @10:04PM (7 children)
Not from what I heard, they got it from a clump of cells.
(Score: 0) by Anonymous Coward on Monday April 20 2020, @10:21PM
Clump of cells 2020!
(Score: 4, Insightful) by Anonymous Coward on Monday April 20 2020, @11:10PM (5 children)
"Not from what I heard, they got it from a clump of cells."
Has it ever occurred to you that what you "heard" is wrong? Or maybe that you misunderstood what you were told? More to the point, why should I put any faith in what some anonymous guy on the interwebz says he heard?
(Score: 0) by Anonymous Coward on Monday April 20 2020, @11:24PM (4 children)
So basically you believe in Trump, who says he never lies so there must be a virus? I'll believe in the people who look and talk like doctors, thank you.
(Score: 0) by Anonymous Coward on Tuesday April 21 2020, @02:41AM (3 children)
"So basically you believe in Trump, who says he never lies so there must be a virus?"
How in the hell did you pull that non sequitur from what I wrote. Next time, read for comprehension.
"I'll believe in the people who look and talk like doctors, thank you."
Yuh huh. Really? I will just note that some random AC posting on the interwebz that doctors are getting coronavirus samples from "a clump of cells" isn't talking like any doctor/epidemiologist I know of.
(Score: -1, Troll) by Anonymous Coward on Tuesday April 21 2020, @03:55AM (2 children)
I am not a doctor, I saw a doctor say it.
(Score: 2, Touché) by Anonymous Coward on Tuesday April 21 2020, @04:19AM (1 child)
And I should take the word of an AC on the interwebz because...? Just to help you out here, which doctor said it? I want a name. Where did s/he say it? Got a citation from a reliable source that you can share with us?
(Score: 0) by Anonymous Coward on Tuesday April 21 2020, @06:31PM
He might say it in this video: https://www.youtube.com/watch?v=m3LgrcDAlJs [youtube.com]
(Score: 0, Troll) by Runaway1956 on Monday April 20 2020, @10:28PM (57 children)
Citations needed.
No, let me rephrase that: RELIABLE citations needed.
Dear Wife related a story to me, of an acquantance whose dad died. The death certificate cited "coronavirus related". Well, uhhhh, yeah, kinda sort related. His heart stopped, and he stopped breathing, and those symptoms are kinda similar to the death that coronavirus causes. But, Dad was an old bastard, and everyone was expecting him to die, because his health has been poor for years.
When questioned about why the death certificate said coronavirus, the daughter was told, "We get subsidies for any coronavirus death."
I really question whether 42 Americans have died of coronavirus, let alone 42,000.
Abortion is the number one killed of children in the United States.
(Score: 1, Touché) by Anonymous Coward on Monday April 20 2020, @11:02PM (3 children)
"Citations needed."
"When questioned about why the death certificate said coronavirus, the daughter was told, 'We get subsidies for any coronavirus death.' "
Right back at ya, my fine little runaway! I need to see some citations from reputable sources before I believe you. Seriously, why should I believe you when you have a habit of stretching the truth as it suits your purpose?
(Score: 1, Offtopic) by Runaway1956 on Tuesday April 21 2020, @12:30AM (2 children)
motivation
https://www.politico.com/news/2020/03/25/congress-hospitals-coronavirus-funding-148152 [politico.com]
motivation
https://bja.ojp.gov/funding/opportunities/bja-2020-18553 [ojp.gov]
motivation
Abortion is the number one killed of children in the United States.
(Score: 4, Insightful) by Anonymous Coward on Tuesday April 21 2020, @02:56AM (1 child)
Well, that's just Jim dandy! Hey look, everybody! The runaway knows how to put citations in his posts! Next time, maybe you could actually provide citations that address the questions you are asked. That could actually facilitate moving the discussion forward, you see.
(Score: 3, Interesting) by DeathMonkey on Tuesday April 21 2020, @03:23PM
Well they kind of did. As that first link notes there are basically no restrictions on who gets the subsidy money. So, there is no motivation to inflate coronavirus deaths.
And, it notes that the Trump admin gets to hand out the money. Which would actually be motivation to UNDERCOUNT the deaths.
(Score: 5, Funny) by Anonymous Coward on Monday April 20 2020, @11:17PM
Obviously the UN and deep state reptilians [theatlantic.com] have fabricated this entire hoax as pretext to usher in the NWO using 5G mind-control waves. They would have gotten away with it too, if only runaway hadn't been able to see through the entire plan. Time for conspirators and initiates to come clean and tell him why he's not getting those RELIABLE citations.
(Score: 0) by Anonymous Coward on Tuesday April 21 2020, @12:53AM
Hearsay.
(Score: 5, Insightful) by Azuma Hazuki on Tuesday April 21 2020, @01:28AM (49 children)
If we're gonna pick nits, *every* human's cause of death is cerebral anoxia, the brain being starved of the oxygen it needs to perform metabolic functions. Deaths that involve loss of brain tissue proper still count, as there is no longer brain to consume oxygen.
Shit like this is why no one takes you seriously. This is tinfoil-hat conspiracy paranoid, and *that* is coming from someone who thinks the government is intentionally drawing this whole disaster out for propaganda purposes.
I am "that girl" your mother warned you about...
(Score: 0, Troll) by Runaway1956 on Tuesday April 21 2020, @01:47AM (45 children)
Are you in a position to evaluate whether this pandemic actually caused a death or not?
I'm being told that there is financial incentive to chalk deaths up to corona virus. Talk circulating through the community suggests that unrelated deaths are being attributed to coronavirus. Is there proof? Well, hell no, I'm not in a position to expose any irregularities. But, I'm skeptical of claims of tens of thousands dead.
Abortion is the number one killed of children in the United States.
(Score: 5, Interesting) by Azuma Hazuki on Tuesday April 21 2020, @02:01AM (29 children)
That's fine, be "skeptical" all you want. There are people who are "skeptical" about whether the Earth isn't actually a flat disk, there are people who are "skeptical" that our political leaders aren't lizardmen from Zeta Reticuli VI, whatever.
Just remember: your ignorance is not equal to others' knowledge. All opinions are *not* equal, and an opinion's worth is directly proportional to how much it comports with observable reality.
I am "that girl" your mother warned you about...
(Score: 0) by Anonymous Coward on Tuesday April 21 2020, @02:40AM
e.g. China's numbers now are too low, there must be more of them dying every day (aka the disease has got to be more deadly than that). Meanwhile the USA's numbers are too high there can't be thousands of dead here (aka the disease can't be that deadly).
(Score: 2, Offtopic) by The Mighty Buzzard on Tuesday April 21 2020, @03:56AM (11 children)
I'm being told the same thing by my stepmom who's an RN up in all that Mayo network in Wisconsin. Helps to remember that we're talking about the same folks who'll charge you $20 for a tongue depressor and would rather make doctors spend over half their day doing paperwork than miss out on some government money.
My rights don't end where your fear begins.
(Score: 5, Insightful) by Anonymous Coward on Tuesday April 21 2020, @04:38AM (6 children)
"I'm being told the same thing by my stepmom who's an RN up in all that Mayo network in Wisconsin ."
And I will just note that citing your "stepmom who's an RN up in all that Mayo network in Wisconsin" is just barely a half-step above the runaway dude citing his wife who was told by a friend of an acquaintance who said that her dad's death was attributed to coronavirus because they would get more money from the government for treating a covid-19 patient. To put it gently, it’s kind of hard to verify your sources.
(Score: 1, Redundant) by Arik on Tuesday April 21 2020, @05:44AM
If laughter is the best medicine, who are the best doctors?
(Score: 2) by The Mighty Buzzard on Tuesday April 21 2020, @02:15PM (4 children)
I never claimed it was proof. I'm fully aware it's anecdotal and a much less reliable data point than a paper trail. Anecdotal is the best we're going to get on the matter unless one of you lot goes out and does some investigative journalism and has named sources though.
My rights don't end where your fear begins.
(Score: 5, Informative) by DeathMonkey on Tuesday April 21 2020, @03:30PM (3 children)
Lucky for us there's a bunch of doctors who did it for us.
Covid-19 United States Cases [jhu.edu]
(Score: 2) by The Mighty Buzzard on Tuesday April 21 2020, @04:05PM (2 children)
You reckon they went and got their numbers from a source other than the official counts that are what's being disputed? I sure don't.
My rights don't end where your fear begins.
(Score: 3, Touché) by Anonymous Coward on Tuesday April 21 2020, @04:35PM (1 child)
Yeah!!! Cause the Buzzard's ignorance is just as good as yer fancy, schmancy book larnin'!!!
(Score: 3, Touché) by DeathMonkey on Tuesday April 21 2020, @04:46PM
If they really think the death toll is too low then all they need to do is wait a day...
(Score: 1, Touché) by Anonymous Coward on Wednesday April 22 2020, @05:26PM (3 children)
"we're talking about the same folks who'll charge you $20 for a tongue depressor and would rather make doctors spend over half their day doing paperwork than miss out on some government money"
What a great argument for socializing healthcare so doctors can focus on patient care instead of insurance paperwork. I knew you'd figure it out one of these days, congrats buddy!
(Score: 1, Flamebait) by The Mighty Buzzard on Thursday April 23 2020, @10:41PM (2 children)
98% of the current paperwork is caused by what socialization we already have. If you think anything thought up by Washington is going to mean anything but 10x more paperwork, you are delusional.
My rights don't end where your fear begins.
(Score: 2) by Azuma Hazuki on Friday April 24 2020, @12:40AM (1 child)
[citation needed]
I am "that girl" your mother warned you about...
(Score: 2) by The Mighty Buzzard on Friday April 24 2020, @02:41PM
Medicare/medicaid: government socialization
Insurance: lately flipping back and forth between voluntary and government mandated socialization
You work at a pharmacy, yeah? How much of the paperwork you guys do is mandatory for you to get paid by one or the other? And it's a hell of a lot more complex in a hospital.
My rights don't end where your fear begins.
(Score: 5, Informative) by DeathMonkey on Tuesday April 21 2020, @03:09PM (12 children)
We don't have tests in this fucking country. The notion that the death count is anything other than a FLOOR is laughable.
(Score: 2) by The Mighty Buzzard on Tuesday April 21 2020, @04:08PM (11 children)
Emr, no. Not when anything they can get away with saying is coronaids related is getting ruled as a coronaids death. The real death numbers are likely much lower. The infection rate numbers are likely what's much higher since anyone who doesn't go to the hospital because it wasn't serious enough for them is not being counted at all.
My rights don't end where your fear begins.
(Score: 4, Informative) by DeathMonkey on Tuesday April 21 2020, @05:08PM (6 children)
Why America is probably undercounting coronavirus deaths [advisory.com]
Official Counts Understate the U.S. Coronavirus Death Toll [nytimes.com]
Coronavirus death toll in US likely worse than numbers say [go.com]
Fact check: Is US coronavirus death toll inflated? Experts agree it's likely the opposite [usatoday.com]
(Score: 0, Redundant) by The Mighty Buzzard on Tuesday April 21 2020, @06:21PM (5 children)
Dude, it's in the direct financial interests of advertising supported media outlets to scare the shit out of everyone they can by whatever means necessary. The days of the press being a reliable source of accurate information have been gone for decades.
My rights don't end where your fear begins.
(Score: 1, Touché) by Anonymous Coward on Tuesday April 21 2020, @08:16PM
Time to oil yer hinges before they snap apart.
(Score: 4, Touché) by Anonymous Coward on Tuesday April 21 2020, @09:06PM (3 children)
"The days of the press being a reliable source of accurate information have been gone for decades."
Yeah!!! The only source of information we really need any more is some guy with a pseudonym shit posting on the intertubes!!!
(Score: 0) by Anonymous Coward on Wednesday April 22 2020, @04:52AM (2 children)
That doesn't negate his statement.
(Score: 0) by Anonymous Coward on Wednesday April 22 2020, @05:14PM (1 child)
Was your post aproved by the Trump Ministry for Truthiest Science?
(Score: 0) by Anonymous Coward on Saturday April 25 2020, @10:07PM
You should remember, is not illegal for the US government to broadcast propaganda to the American people anymore.
(Score: 5, Insightful) by https on Tuesday April 21 2020, @05:46PM (3 children)
Does it actually make you happy to repeat demonstrably false bullshit, the kind that got the USA into a fucking shitpool in the first place? Or is it just a reflex action, like prying the top off your beer? Either way, you're actively dangerous and while you should be looking to changing that, I'm not holding my breath.
From April 4 [nytimes.com], and things are just getting worse. It's made 9/11 look like a modest school shooting, not notable enough to make the nationals, and
Unless you wanna put forward that all this reporting about SARS-COV-2 and COVID-19 is giving people lung failure.
Offended and laughing about it.
(Score: 2) by The Mighty Buzzard on Tuesday April 21 2020, @06:21PM (2 children)
Demonstrate that it's false then.
My rights don't end where your fear begins.
(Score: 2, Touché) by https on Wednesday April 22 2020, @06:46PM (1 child)
I'll just mark down "religious duty".
Offended and laughing about it.
(Score: 1, Troll) by Azuma Hazuki on Thursday April 23 2020, @01:37PM
It's like tossing pies down a black hole trying to make it stop being hungry, isn't it? I keep warning people, this guy's mind is its own event horizon. Nothing gets out, and everything that goes it is ripped apart by his own self-serving, self-regarding gravity. This is a narcissist. And of course no one listens to Cassandra^W Marissa...
I am "that girl" your mother warned you about...
(Score: 2) by Mojibake Tengu on Tuesday April 21 2020, @04:24PM
https://en.wikipedia.org/wiki/Barney_and_Betty_Hill [wikipedia.org]
The edge of 太玄 cannot be defined, for it is beyond every aspect of design
(Score: 1, Funny) by Anonymous Coward on Thursday April 23 2020, @03:28AM (1 child)
> There are people who are "skeptical" about whether the Earth isn't actually a flat disk
So you think General Relativity is a hoax? Because according to GR all apparent gravitationally curved geodesics are actually straight lines, but spacetime is curved. The earth IS flat.
(Score: 2) by Azuma Hazuki on Thursday April 23 2020, @01:36PM
Isn't there some shady fly by night law firm you should be working at?
I am "that girl" your mother warned you about...
(Score: 5, Insightful) by Anonymous Coward on Tuesday April 21 2020, @02:34AM (10 children)
Guess they managed to silence/control all the nurses and doctors in the USA and around the world right? Or huge numbers of them must all be thinking wow, why are we the only ones not busy, we've got so few patients and the death counts are normal (like last years); let's just keep quiet about it, after all it's nice for lots of people to stay at home, factories to shutdown, etc.
And the death counts in all the other countries are also fake? Like China, Taiwan, South Korea, Europe and Iran must have also been in on the conspiracy to fake stats too right?
Or we can safely ignore what's happening in other countries because the virus or the people etc are magically different in the USA?
The death counts may vary in accuracy (from places like Bangladesh to tiny lightly populated island countries) but I'm very sure there are lots of people dying from the virus especially in countries which allowed mass gatherings and have lots of old people.
(Score: 1, Redundant) by Runaway1956 on Tuesday April 21 2020, @06:38AM (8 children)
full stop
Abortion is the number one killed of children in the United States.
(Score: 0) by Anonymous Coward on Tuesday April 21 2020, @09:16AM (7 children)
Come and look inside the refrigerated trailers outside the hospitals.
https://www1.nyc.gov/site/doh/covid/covid-19-data.page [nyc.gov]
(Score: 1, Redundant) by Runaway1956 on Tuesday April 21 2020, @10:05AM (1 child)
https://www.npr.org/sections/coronavirus-live-updates/2020/04/09/830805085/washington-state-returns-unused-army-hospital-as-covid-19-curve-flattens [npr.org]
Abortion is the number one killed of children in the United States.
(Score: 5, Insightful) by Aegis on Tuesday April 21 2020, @02:50PM
Listening to the scientists worked, good for WA.
Maybe we should try listening to the scientists about other things too?
(Score: 2) by The Mighty Buzzard on Tuesday April 21 2020, @02:17PM (4 children)
Is there refrigerated beer in them? I'm just saying, you'd get a lot more people showing up for testing if there were.
My rights don't end where your fear begins.
(Score: 4, Touché) by DeathMonkey on Tuesday April 21 2020, @03:33PM (1 child)
Having tests to give to people would be a more effective way of getting them to show up.
(Score: 3, Funny) by The Mighty Buzzard on Tuesday April 21 2020, @04:08PM
You vastly underestimate the draw of free beer.
My rights don't end where your fear begins.
(Score: 0) by Anonymous Coward on Wednesday April 22 2020, @09:44PM (1 child)
I don't know. Generally, you need to be in a body bag to get into one of those trailers, so I'm guessing not.
Except there aren't any testing facilities open to the public near those hospitals and the refrigerated trailers. What's more, testing is almost exclusively by appointment only. IIUC, there have a been a few walk-in (less than 10) testing centers opened in the past week or so, and they're quite crowded -- even without beer, cold or otherwise. Funny that.
I'll say it again, generally, the way you get into one of those refrigerated trailers is in a body bag.
Besides, Bars and restaurants will happily deliver liquor directly to your door -- no body bag required. And delis have *always* delivered beer right to your door and that continues. Again, no body bag required.
(Score: 2) by The Mighty Buzzard on Thursday April 23 2020, @10:45PM
Hey, I'm just saying they'd get a lot more folks to show up if they used them refrigerated trailers to store complimentary beer than the blood drive folks get for a cookie and juice.
My rights don't end where your fear begins.
(Score: 1, Troll) by Bot on Tuesday April 21 2020, @12:31PM
>Guess they managed to silence/control all the nurses and doctors in the USA and around the world right?
I dunno how things are in the USA, but here in Italy doctors follow protocols, the protocol, not the actual health of the patient, decides what is right or wrong.
Plus the poor saps have to cover their asses from civil lawsuits, a huge market created for insurance companies. HELLOOOOO, IT'S EITHER A CRIMINAL LAWSUIT BECAUSE YOU HURT SOMEBODY THEREFORE YOU NEED TO GET JAILED, OR A GOOD FAITH ERROR.
Plus, of the cases I have been directly involved with, convenient lies peppered the official documentation. In other words, if you think you can get to the truth through the official documentation, good fucking luck.
But in this case there is no need to debate. Those who trust the system can go get cured by it, those who don't better stay away. The problem solves itself Darwin style. Unfortunately at least one of the parties wants EVERYBODY to conform to his vision but this is for another discussion. The point of this discussion is that your appeal to numbers is a naive fallacy. Have a nice day.
Account abandoned.
(Score: 3, Insightful) by khallow on Tuesday April 21 2020, @03:48AM
Are you really going to employ the argument from ignorance fallacy? I could see these financial incentives encouraging some percentage of false positives to get a share of that $100 billion. But three orders of magnitude? No way.
(Score: 1, Informative) by Anonymous Coward on Tuesday April 21 2020, @03:52AM
Come and look inside the refrigerated trailers outside the hospitals.
https://www1.nyc.gov/site/doh/covid/covid-19-data.page [nyc.gov]
(Score: 3, Touché) by Sulla on Wednesday April 22 2020, @05:38AM (1 child)
Just because someone had diabetes, liver failure, and a heaet condition, doesnt mean that they were going to die this week.
Is it possible there is some fraud? Yeah. But in general it all seems pretty fine to me. With nobody driving, nobody getting risky medical surguries, etc, we are seeing monthly deaths close to what we would have without SARS.
Hell of a month where all these people with preexisting conditions they could have lived with for years or decades to suddenly die all at once from those conditions.
Had a heart attack? Extra stress on the body from lack of oxygen. 40 years a smoker and lungs quit? Still could have kept going without the extra strain. Liver failure suddenly worsens? SARS-nCoV-2 messes up the liver far worse than normal degrading. All these are made far worse in the presence of this virus, so can fairly be attributed to the virus.
Ceterum censeo Sinae esse delendam
(Score: 3, Informative) by Pslytely Psycho on Friday April 24 2020, @07:00PM
There is a subset of patients who according to the Harvard Gazette:
"Finally, there is a subset of people with COVID-19 — some of them previously healthy and with no underlying cardiac problems — who develop fulminant inflammation of the heart muscle as a result of the virus directly infecting the heart. This type of inflammation could lead to heart rhythm disturbances and cardiac muscle damage as well as interfere with the heart’s ability to pump blood optimally. "
While relatively rare considering the number of cases, is no less serious because of that rarity.
Source:
https://news.harvard.edu/gazette/story/2020/04/covid-19s-consequences-for-the-heart/ [harvard.edu]
Alex Jones lawyer inspires new TV series: CSI Moron Division.
(Score: 2) by barbara hudson on Tuesday April 21 2020, @05:46PM (2 children)
SoylentNews is social media. Says so right in the slogan. Soylentnews is people, not tech.
(Score: 2) by The Mighty Buzzard on Tuesday April 21 2020, @06:23PM (1 child)
One can only hope. This apocalypse is boring as hell. No aliens, no mutants, no zombies. I mean what the shit?
My rights don't end where your fear begins.
(Score: 1, Touché) by Anonymous Coward on Tuesday April 21 2020, @08:20PM
"No aliens, no mutants, no zombies"
I'll go with the no aliens bit, but have you seen the US leadership? Mutant zombies is still 100% on the table.
(Score: 2) by dry on Monday April 27 2020, @05:41AM
And other countries? No subsidiaries here for putting death be corona virus, and likewise in other countries with healthcare systems rather then greedy insurance systems.
(Score: 1) by khallow on Monday April 20 2020, @10:53PM (2 children)
It won't be cratering when the recovery is underway. Oil and gas are very feast and famine with lots of infrastructure that can be stopped and started on short notice (order of months). What it's doing this week won't tell you what it's going to do next year.
(Score: 0) by Anonymous Coward on Monday April 20 2020, @11:22PM (1 child)
https://www.youtube.com/watch?v=wQuXDvA8l24 [youtube.com]
(Score: 1) by khallow on Tuesday April 21 2020, @03:49AM
(Score: 2) by deimtee on Wednesday April 22 2020, @06:05AM (5 children)
I think you are mostly reversing cause and effect. A booming economy will result in increased production and usage of fuels, a recession/depression in a reduction. There probably is a bit of a vicious cycle effect, with the energy sector recession contributing to the general one, but the relationship mostly flows the other way.
No problem is insoluble, but at Ksp = 2.943×10−25 Mercury Sulphide comes close.
(Score: 2) by DeathMonkey on Wednesday April 22 2020, @06:01PM (4 children)
In a normal market, yes.
But the shale boom was not a normal market. There was already a demand for oil that we were largely importing. New technology allowed us to produce that domestically which resulted in a crap ton of jobs being created.
My hypothesis is that all those new jobs are what dragged us out of the slump.
And my corollary to that hypothesis is that without those jobs continued existence, or a new boom somewhere else, we're not going to be able to recover very quickly.
(Score: 2) by deimtee on Wednesday April 22 2020, @08:01PM (3 children)
https://www.forbes.com/sites/rrapier/2017/04/21/how-the-shale-boom-turned-the-world-upside-down/ [forbes.com]
Interesting. I didn't realise just how much fracking had increased production. Not something I really looked into, and most media stories on it downplay that aspect and only talk about the flammable tap water and earthquakes. 2.1 million jobs according to random websites. Even if that wasn't enough to turn a recession around on its own the change in finance by not importing all that oil (and exporting all that currency) might be.
Hopefully those jobs should come back. The negative price of oil is a very short term thing, and I expect demand for a lot of things will spike as the lockdowns end.
I would short TP manufacturers though, their sales are going to drop like a rock while everyone goes through their hoard. There was a guy on the news here saying they sold 9 months worth of TP in 3 weeks. Now it's back on the shelves, nobody is buying much. All the arseholes have a big stash to use up, and the nice people are trying to only buy the minimum they need.
No problem is insoluble, but at Ksp = 2.943×10−25 Mercury Sulphide comes close.
(Score: 2) by The Mighty Buzzard on Thursday April 23 2020, @10:50PM (2 children)
It's not actually negative, just FYI. A place or two have been at capacity and had to pay more than the cost of the barrels of oil to have crude that was being delivered hauled off but futures prices are what you look at if you want to know "the price of oil" and they're still positive.
My rights don't end where your fear begins.
(Score: 2) by deimtee on Friday April 24 2020, @04:25AM (1 child)
Yeah I figured it was something like that. The main point was that prices aren't going to stay low for very long. Russia and SA are going to either settle their differences or both go broke. If I had a few billion to spare I would invest in building some large tanks and filling them with cheap crude. Quickest way would probably be buying cheap obsolete tankers. https://horizonship.com/ship-category/tankers-for-sale/crude-oil-tankers-for-sale/?start=150&sort=price&sort_dir=ASC [horizonship.com]
No problem is insoluble, but at Ksp = 2.943×10−25 Mercury Sulphide comes close.
(Score: 2) by The Mighty Buzzard on Friday April 24 2020, @02:43PM
Refilling the Strategic Oil Reserve was one of the first things Trump did when they started dumping shitloads of ultra-cheap oil on the market.
My rights don't end where your fear begins.
(Score: 2) by Runaway1956 on Monday April 20 2020, @10:32PM (3 children)
when I pull up to the pump, an attendant cleans my windows, checks my oil, fills the tank, washes and waxes the car, fills my coffee mug, and gives me a $20 bill for stopping in. Bonus points if the car washers are skimpily clad young nubile females, each trying to show more flesh than the next.
Abortion is the number one killed of children in the United States.
(Score: 2) by Bot on Tuesday April 21 2020, @12:34PM
This won't ever happen as MY CAR can happily burn through any quantity of fuel. Sorry.
Account abandoned.
(Score: 2) by VLM on Tuesday April 21 2020, @01:40PM (1 child)
An odd thing that breastaurants and bikini coffee shops are a successful corporate chain thing, but not bikini car washes. Also haircuts.
(Score: 3, Funny) by The Mighty Buzzard on Tuesday April 21 2020, @02:20PM
You know, it could very well be the adverse effects of stubble that keeps topless hair stylists from becoming a thing.
My rights don't end where your fear begins.
(Score: 1) by fustakrakich on Tuesday April 21 2020, @03:08PM (6 children)
and the dollar that has been based on it since 1971?
La politica e i criminali sono la stessa cosa..
(Score: 3, Informative) by The Mighty Buzzard on Tuesday April 21 2020, @04:14PM (5 children)
Nothing. The futures prices are what matters not a spot price at one location.
My rights don't end where your fear begins.
(Score: 0, Redundant) by Anonymous Coward on Wednesday April 22 2020, @05:35PM (2 children)
There is a global stock market crash going on and you want to blindly say that nothing will happen to the dollar? We don't know what the fallout from this will be.
Here is some commentary for today https://www.barchart.com/futures/quotes/DX*0/futures-prices [barchart.com]
Shouldn't you be yelling about government intervention in your magic free market system? Or were there some particularly rude kids on your lawn this morning?
(Score: 2) by The Mighty Buzzard on Thursday April 23 2020, @10:58PM
He said "what does this do to the petrodollar...". That is what I answered. What "this" referred to is the erroneous information in TFJ, so I answered in that context.
My rights don't end where your fear begins.
(Score: 1) by khallow on Thursday April 23 2020, @11:17PM
Why should global stock market crashes do anything to the USD?
Government will government. People who didn't care about overspending in normal times won't start to care now.
(Score: 2) by DeathMonkey on Wednesday April 22 2020, @05:45PM (1 child)
Pretty sure fusty is referring to futures prices since that's what this journal is about...
(Score: 2) by The Mighty Buzzard on Thursday April 23 2020, @10:53PM
Then he's misunderstanding what constitutes futures prices like the author did originally and then updated.
My rights don't end where your fear begins.