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Economy
Big Oil confronts possibility of terminal demand decline
2020-07-06
Leaving the Muslim world on short rations forever after, forcing them to throw the jihadis on their own resources? What a marvelous idea.
[Rudaw] Although crude prices have rebounded from coronavirus (aka COVID19 or Chinese Plague)
...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men...
crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak demand.

The plunge in the price of crude oil during the first wave of coronavirus lockdowns — futures prices briefly turned negative — was due to the drop in global demand as planes were parked on tarmacs and cars in garages.
Posted by:trailing wife

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