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21st April 2020, 09:39 | #641 | |
Architeuthis
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21st April 2020, 10:51 | #642 |
A mariachi ogre snorkel
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21st April 2020, 12:48 | #643 |
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huh! so there will be blood afterall.
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21st April 2020, 13:10 | #644 |
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So what does that actually mean. The Oil suppliers are paying to get rid of it?
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ɹǝʌo sᴉ ǝɯɐƃ ʎɥʇ |
21st April 2020, 13:56 | #645 | |
A mariachi ogre snorkel
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They've got nowhere to store their inventory. |
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21st April 2020, 13:58 | #646 | ||
A mariachi ogre snorkel
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21st April 2020, 16:40 | #647 |
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So much for the price war. I can't begin to figure how that's going to play out. Personally I wonder how this is going to mess with whatever plans MbS has going. The Saudi's have been killing an awful lot of people, they must have a lot of enemies about now. A lot to gain, a lot to lose and millions of lives on the line. Unexpected events can fuck up already fucked up situations.
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Stay shook. No sook. |
21st April 2020, 17:22 | #648 |
A mariachi ogre snorkel
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I know "America crazy" has been a common theme in discussions here over the years, but I'm not sure anything has ever reached the level of "people demanding the right to catch a pandemic supervirus" before.
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21st April 2020, 18:20 | #649 | |
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US government will step in now and save it. They can't be without a sovereign supply in the coming years. |
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22nd April 2020, 09:58 | #650 | |
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Certainly going to be interesting to see how it plays out. |
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22nd April 2020, 10:52 | #651 |
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The juggler may drop some balls, but they will be the least important ones (ie mom and pop) ie the ones that aren't financial terrorists, professional scammers, and over leveraged wall street lobbyists.
Resetting the Bomb Another era of debt-fueled profiteering is ending with a bailout. How we’re institutionalizing the unfairness economy https://taibbi.substack.com/p/resetting-the-bomb We need a new occupy movement. |
22nd April 2020, 11:25 | #652 |
I have detailed files
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Shhh! My Super has managed to claw back half of last months losses in three weeks. I hope none of it is in oil...
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22nd April 2020, 11:41 | #653 | |
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22nd April 2020, 13:29 | #654 | |
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US national reserves will already be full. |
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22nd April 2020, 13:40 | #655 | |
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The oil companies are tracking the rest of the market (for now) anyway, so its a moot point. |
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22nd April 2020, 14:02 | #656 | |
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The US SPR has a capacity of around 750m barrels. Last time I looked (admittedly a month ago), they were running at approximately 600m barrels stored. So with an offer of storage for 150m barrels to the heavily debt burdened companies, in exchange for shares in the company the US can effectively offer 'loans' to these companies without shelling out any $$ at all. The oil is held until prices rebound, and sold off at reasonable rates. Plus, if the companies fail, well... possession is 9/10's of the law? The govt could potentially just claim the oil... I dunno Was just an idea that occurred to me. Seems like it would be a possible solution to the current problem. Last edited by Trigga*happY : 22nd April 2020 at 14:05. |
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22nd April 2020, 14:08 | #657 |
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Sorry, morphine sucks Occasionally, I struggle to get my ideas across understandably!
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22nd April 2020, 14:22 | #658 |
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Heavily debt burdened oil companies need urgent cashflow. They also need an outlet for oil at a negative value.
Instead of paying US govt, they trade shares in exchange for oil storage. The extra storage ability hopefully keeps the stocks from falling, as it can be moved to the june/july market. If company stays afloat, then US govt rides the rising stock prices, and benefits from the oil sold at a later date. If company still looks to sink, govt offers shareholders a parachute to bail out softly, and remains sole shareholder of the oil company. Then at least if the US public have to bail out the oil companies, it is still beneficial to them, as it is retaining an SOE, not just bailing out rich oil tycoons. I think that's what I meant |
22nd April 2020, 15:02 | #659 | |
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https://www.energy.gov/articles/depa...purchase-crude. "the Department of Energy (DOE) will fill the Strategic Petroleum Reserve (SPR) to its maximum capacity by purchasing 77 million barrels of American-made crude oil" "Recognizing the private sector needs time to plan for delivery logistics, the solicitation is for crude oil to be delivered in May and June; although, early April deliveries are encouraged." These are the contracts that are fucked, if it all went ahead it made no difference. Considering that the daily US consumption is 20 mbpd its not suprising. |
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22nd April 2020, 15:18 | #660 | |
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Yeah perfectly good solution to me to help out the smaller producers but not the american way. They might broker deals to sell smaller companies to larger. The real problem is that there is no storage, the SPR is "relatively" small and at capactity. If there was storage anywhere available then surely it would have been filled up by purchases of the just closed contracts. |
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22nd April 2020, 17:06 | #661 |
A mariachi ogre snorkel
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https://www.smh.com.au/politics/fede...21-p54ltg.html
YOu've got to be joking, there is no way on earth I'm installing a closed-source contact-and-location tracking app by the Australian government. |
22nd April 2020, 17:45 | #662 | |
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Still, if you don't download the app no doubt they will blame you for the extended lockdown and further damage to economy. You will be blamed for everything that goes wrong as soon as the app is released. because this marvellous app is how we get Australia back to work safely. |
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22nd April 2020, 21:06 | #663 |
A mariachi ogre snorkel
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I don't give a fuck. Warrantless wiretapping, data retention, Censusfail, Robodebtfail, MyHealthRecordfail, there is literally no organisation public or private in the world that I trust near my data LESS than the Australian government.
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23rd April 2020, 10:13 | #664 |
Stuff
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The only viable technology solution for contact tracing I've seen was the Bluetooth card idea that logs to itself other detected cards. The data is then retrieved from the card if you test positive. The card has a limited life and no personal data is stored.
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My degree of sarcasm depends on your degree of stupidity. |
23rd April 2020, 10:27 | #665 | |
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https://twitter.com/TankerTrackers/s...810751491?s=20
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This is like one of those horror movies where the murderer kills the person with an excess of what they love. In this case, US loves oil and is well stocked, but Saudi Arabia is sending more and more oil anyway. |
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23rd April 2020, 13:02 | #666 |
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https://www.cnbc.com/video/2020/04/2...stigation.html
Great explaination by CME group CEO explaining what happened with the price of oil. The US SPR top up thats been refered to in above posts DIDN't go ahead. |
27th April 2020, 21:48 | #668 | |
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https://youtu.be/RJ5b8_JQeJM?t=2065
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Ξ √ Ω L U T ↑ ☼ N وكل يوم كنت تعيش في العبودية |
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27th April 2020, 23:04 | #669 |
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Tova was bang on really. Jacinda Ardern and Ashley Bloomfield have done well but they don't get why journalists ask the stupid questions - because there are stupid people out there. They scoff instead of trying to lift the lowest common denominator.
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28th April 2020, 08:05 | #670 | |
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28th April 2020, 16:39 | #671 |
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Apparently in these desperate times queing up for 30+mins for McDonald's is a meaningful family activity.
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Protecting your peace is way more important than proving your point. Some people aren't open to cultivating their views. Just let them be wrong. |
28th April 2020, 16:46 | #672 | |
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If we were panicked, it might be different. But we're not.
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Stay shook. No sook. |
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28th April 2020, 23:19 | #673 |
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Stay shook. No sook. |
29th April 2020, 05:57 | #674 | |
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Ξ √ Ω L U T ↑ ☼ N وكل يوم كنت تعيش في العبودية |
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29th April 2020, 06:13 | #675 |
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Another tracking site for summary numbers: https://coronachart.me/
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Ξ √ Ω L U T ↑ ☼ N وكل يوم كنت تعيش في العبودية |
29th April 2020, 11:46 | #676 |
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The biggest misconception is that this is a respiratory illness. We've rushed to get ventilators and hospitals can't make enough oxygen, but many "asymptomatic" cases have blood clot complications (amputations, stroke) and symptoms more like altitude sickness.
https://www.webmd.com/lung/news/2020...vid-19-mystery Avoid this virus as best as you can. Even when the government caves to economic pressure and says it's ok to go back to work (if you're still employed), go on holiday, and shop till you drop (if you have any money left). That will be the start of the 2nd wave of infection. |
29th April 2020, 12:06 | #677 | |
A mariachi ogre snorkel
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29th April 2020, 18:02 | #678 | ||
HENCE WHY FOREVER ALONE
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Keep in mind the part that says: "Patients who reported no pre-existing ("comorbid") medical conditions had a case fatality rate of 0.9%" at the bottom of the page. Unless you're already sick and dying, or an unhealthy fat bastard that wheezes from a set of stairs, I wouldn't even worry about contracting it. I'd volunteer to get it myself if it meant everyone would stop treating it like "airborne certain death" and things would go back to normal once I recovered. Alas, fat chance of that. Too many people became instant germaphobes, and are now mentally scarred and are treating everyone like lepers. Good work reacting and responding to a new virus that may have been much worse than it turned out to be. But time to get real and acknowledge we can stop worrying nearly as much as we did. We know how to manage something serious, great, a lesson learned, but this was not "the big one". Stop treating it like it is or was. Quote:
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Finger rolling rhythm, ride the horse one hand... |
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29th April 2020, 18:57 | #679 | |
A mariachi ogre snorkel
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For a virus that only kills 0.9% of the general population. |
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29th April 2020, 19:22 | #680 | |
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Stay shook. No sook. |
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