Refineries will tell you there is a per barrel oil cost that when it gets below that they start to lose money on exploration, drilling and recovery. That is when they start shutting down rigs and slowing down production.
Oil will not go back up until Saudi/Russia feel it in their pockets (i.e. cost more to drill it than to sell it) and demand picks up for travel ad transportation again. June should be good for recovery.
MGM has to close all of its theaters and hotels and casinos.....people are not going to rush back when the doors opens because people who blow discretionary income in those places will not have as much and need to save.
market is going to keep on dropping no matter what Trump says. Panic always leads to overselling so expect more downside before it starts to form a base.
Accumulations of stock should have time lines out until end of year for double digit returns, ignore the next two weeks as you will see...
You have to shop around and look for the generic stations.
We are down to $2.05 at something like Racestar while Exxon was at $2.40.
Probably same gas...
As long as you are not sharing droplets of cough and sneezes and washing your hands and reducing sharing food/drinks we are fine but humans are disgusting and cannot be trusted when there are elderly at risk and hospitals that will be overrun even from non-fatal cases.
A few weeks of this beats...
DOn't forget the number of cases will go up dramatically simply due to more testing. That spike can be misconstrued by people but it mainly comes to more tests being administered so we should not panic when the testing is done and the numbers spike. 6000-10,000 cases in our country is a blip.
TRUMP again repeated the stupidity in today's press conference
"China is paying billions in tariffs..."
Every expert on trade will tell you the importer pays the tariffs. I import some Chinese raw materials and WE are charged the tariffs, NOT CHINA.
Please...no matter how much you love...
You do know I can spend 5 minutes on Google and find plenty of GOP whackjobs spouting the same shit....so it is funny to say misinformation and ignore FOX/Trump as well...
You never hear about the strippers suffering or escorts who can no longer do Outcalls....this economy will suffer and we need the strippers to feel better about our situation...don't just support your local bars...
Before the conspiracy tinfoil hat wearers get too far gone:
The COVID-19 outbreak caused by the spread of the virus SARS-CoV-2 is a product of natural evolution, scientists conclude in a correspondence piece published in Nature Medicine.