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Few weeks ago I read a story about Capitol One trader who made a big derivatives bet on oil that has gone sour. Story goes, the CFTC "quietly gave them a temporary bailout" (don't know how that works) for 1 quarter. Said, "if the price of oil stayed near $20 or went lower (don't know how...

Personally I think Gates has gone off the rails on vaccines. Have to suspect he's got more on his mind than people's "health".

Probably close to $10. The spread between WTI and Brent (which doesn't have WTI's current storage issue) is usually around $10... and it's $19.33.

If you measure the mortality rate by this link, death rate ~7%. Arguments about much lower rate make assumptions about the "denominator"... we don't have a handle on that yet. https://www.worldometers.info/coronavirus/coronavirus-death-toll/

David Icke was talking about that the other day. If a patient is diagnosed with pneumonia from flu, the hospital gets $4,000. If "diagnosed" with C19, they get $13,000. If put on a ventilator, they get $39,000. (Don't know if that was for NHS.. ) I can't look up anything on Twitter... don't...

Can't argue that.

Some say that's a treatment. Some refute. I'd like to see a genuine effort to see if it really works. (Unfortunately, big government and big pharma are not as interested in a "treatment" as much as they want us all to take a vaccine at some point... doubt if that would be for our "health".)

Yeah... everybody over 60 sequestered in "house arrest" while the rest of the country gets on with their lives. Though on some level the notion seems to have a bit of merit, but don't see that playing well in America. Regarless, I think we've got a period of depression-like weakness.... Over...

JMV, but I don't think we know that yet.

Ultimate the the US have the same Big Brother, Fascist, Communist government as China.

Nobody knows what we should do.... not enough data yet. Opening up now is a political guess... unless it's been decided that those who become very ill and/or die will just be accepted as "collateral damage to the economy".

Just what good is the Fed if it doesn't bail out EVERYBODY?

Oh, the irony. (Some people would bitch if you hung 'em with a new rope.)

Anyone else remember T. Boone Pickens arguing "peak oil @ $200/bbl"?

He can do this NOW but couldn't do it before? WTF! Have we been lied to yet again? :( https://www.zerohedge.com/economics/trump-temporarily-suspends-all-immigration-united-states

1 million? Shoot TEN MILLION!!

Rally, RALLY! Better cover. Oil now only down _-$37.63!

Price 10 mins ago... $-39.14/bbl. Explanation for this will be an interesting read...

So.... seller has to pay buyer $650/bbl to take the stuff off his hands? Now THERE'S an investment! (Guess it works only if you got a place to store it.)

THE GLOBAL RECESSION The recession has hit everybody really hard. My neighbor got a pre-declined credit card in the mail. CEO's are now playing miniature golf. Exxon-Mobil laid off 25 Congressmen. A stripper was killed when her audience showered her with rolls of pennies while she danced. I...