All Hokie, All the Time. Period. Presented by

The Lounge Board

Fatman

Joined: 08/18/1998 Posts: 22295
Likes: 5833

What's this?

I disagree Bob.


The 1st event was a huge decline in demand for oil, early stats are available showing massive reductions in demand.
The 2nd event was OPEC+ emergency meeting to reduce supply to maintain prices in light of the reduced demand.
The 3rd event was carnage at the OPEC meeting with Russia and Saudi getting into a huge spat and the bizarre outcome that they will both flood the market with supply even as demand is falling off a cliff.

(In response to this post by BobG)

Posted: 03/09/2020 at 10:33AM


+3

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


75
Hide This

Current Thread:
 
  Lower oil = lower shipping costs for businesses right? -- I85Hokie 03/09/2020 09:38AM
  That's kinda true in that it acts like interest rates -- `lag 03/09/2020 11:20AM
  Lower junk bonds too ** -- lchoro 03/09/2020 10:45AM
  Labor costs are up, though ** -- reestuart 03/09/2020 10:35AM
  Only thing being shipped is disinfecting wipes, bottled water and TP ** -- turkeywinghokie 03/09/2020 10:04AM
  The problem is nobody is shipping anything, which is the root cause of the -- Fatman 03/09/2020 09:46AM
  No. Oil is down due to Saudi Arabia gas war w Russia this weekend. ** -- BobG 03/09/2020 10:08AM
  I disagree Bob. -- Fatman 03/09/2020 10:33AM
  Ok but who’s not shipping anything? I’ve never heard that... ** -- BobG 03/09/2020 10:59AM
  The drop in demand is greater than the one in 2008. -- Fatman 03/09/2020 1:47PM
  The people that aren't at work in China. ** -- Hokie360 03/09/2020 12:30PM
  Article -- HokieForever 03/09/2020 11:54AM
  That caused today's swoon, but oil was already down before this. ** -- Hokie360 03/09/2020 10:12AM
  Oil is a proxy though for overall international trade -- MrBayAreaHokie 03/09/2020 09:43AM
  Oil is a proxy though for overall international trade -- MrBayAreaHokie 03/09/2020 09:43AM
  Lower oil prices means gov't can increase gas taxes without you seeing it. ** -- Spud 03/09/2020 09:41AM

Tech Sideline is Presented By:

Our Sponsors







vm307