How Saudi Arabia is trying to CRIPPLE Russian oil industry by flooding world market and dropping price to a 30-year low in squabble over coronavirus that could put Trump's re-election at risk and trigger recession The oil market plunged to a 30-year low on Sunday amid coronavirus fears and a price bidding war between Saudi Arabia and Russia Russia refused to sign on to a OPEC proposal to reduce global oil production in an effort to stabilize market as the coronavirus has slowed demand for oil Russia rebuffed proposal, refusing to boost US oil producers and lose profits On Saturday Saudi Arabia, the largest oil producer in world, slashed prices Russia told its oil producers to pump as much as they could Experts say the tension signals that Saudi Arabia and Russia are 'on the skids' Former Saudi Aramco VP said 'Saudi Arabia is protecting its market position' If the oil market plunge doesn't stop it could lead to a recession and threaten President Donald Trump's bid for re-election Americans will see prices at gas pump go down & a decline in US oil production https://www.dailymail.co.uk/news/ar...ssian-oil-industry-flooding-world-market.html
No, that's not how it works. We don't get oil from Saudi Arabia or Russia. Our oil is domestic. US oil companies will be hurt if they have to lower prices. In other words we'll have to toss a few more billions onto the national debt so oil executives can enjoy things like a new beach house or a smallish yacht.
The yachts are not so smallish neither are the diamond rings or the Rolls Royce's, not to mention the bank accounts, Bahamian vacation homes or stocks and bonds.
Venezuela was already toast, this just speeds up the process. Our shale companies are overleveraged on cheap debt, we could see a lot of bankruptcies. There is a lot of blood in the water.
How Donald Trump is spending worst day for the economy since 2008: President launches tweetstorm of self-praise from his Mar-a-Lago retreat then goes fundraising for his re-election President Donald Trump spent Monday morning in a tweet storm fury from his home of Mar-a-Lago His online onslaught came as global markets tanked and members of Congress self-quarantined amid concern of being exposed to the coronavirus The S&P 500 and the Dow fell more than 7 percent at the start of trading The Coronavirus situation has left Trump dealing with an enemy he can't break with a tweet and he showed his frustration with Monday's tweet storm He sent 10 tweets before his morning departure from Mar-a-Lago Trump is spending Monday morning at a pair of Orlando fundraisers He spent the weekend in Florida fundraising and playing golf https://www.dailymail.co.uk/news/ar...-tweetstorm-self-praise-Mar-Lago-retreat.html
Our "Golfer in Tweet" has no other mode it seems. Even during a global pandemic that may kill thousands in the U.S. by the time a vaccine becomes available. Embarrassing.
Trump admin in talks with how to boost economy. No, not our economy, Russia's! Treasury secretary Steve Mnuchin quietly meets RUSSIA'S ambassador to talk about 'potential for trade and investment' while the markets plunge over Saudi's oil war with Moscow The event was not on Mnuchin's public schedule It came amid a 7 per cent morning drop in the Dow Plunge was slinked to Saudi Arabia's oil moves as it counters Russia in a price war The men also discussed 'compliance with sanctions programs' President Trump attended a fundraiser in Orlando before returning to the White House Monday afternoon Russia announced the meeting on its Facebook page, and Treasury followed up hours later https://www.dailymail.co.uk/news/ar...-meets-RUSSIAS-ambassador-markets-plunge.html
According to Dr. Faucci, a vaccine won't be available until sometime between next March and next October of 2021. To make matters worse, I've read where they expect the pandemic to peak in the U.S. in January of 2021 which is before any vaccine will arrive on the scene.
Yes, so we have the rest of this flu season, plus next winter to get through before we will see a vaccine. That is worrisome, but from what I have heard it will be in record time if done so quickly. I am wondering if my anxiety can hold out that long lol.
Not a laughing matter with me. I'm in my 70s. I've got paralysis in half my diaphragm. I've got asthma. I've got diabetes. I am a dialysis patient. I've got a constant cough the result of a side effect from a vital and unrelated medication. I'm allergic to two powerful antibiotics. I've got a heart arrhythmia. I've got a ton of other medical ailments but none of those really affect my immune system that I know of such as cancer of the thyroid and a lump on my kidney which I saw a doctor about today. They think the lump is benign but they will give it another cat scan and ultra sound in a year just to be certain. This would be my third cat scan of that area all three involving a contrast agent which could destroy the tiny kidney function that I have left. I've already had two heart surgeries for another arrhythmic condition which was worse than this one. I've had close to 30 surgeries. Most of my problems result from exposure to agent orange in the area in S. Vietnam where it was sprayed the most heavily. But hey, I've got the most wonderful wife in the world and I've led a full life. I just don't want to leave her alone. Crossed my arms in front of my chest to tell my priest that I didn't want the wine during Communion. That may have been an error since there's been no disease transmission from sips from the wine goblet during Communion.
