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A comment on Global oil use heads for steepest annual contraction. Parent comment

Re:Global oil use heads for steepest annual contraction by millstone on Monday March 16, 2020 @10:16PM (#22600820)
The virus is certain to push the US and many other economies into recession, which becomes self-sustaining. After the health crisis has passed, we will be left with this economic crisis.

Monetary policy is maxed already, so we will need fiscal stimulus. This will be the opportunity to invest in green infrastructure. We will need the government to step up and provide jobs and spending, and it should direct both with wisdom to prepare for the climate challenge.

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Re:Global oil use heads for steepest annual contraction by Aloha on Monday March 16, 2020 @10:29PM (#22600927)
The economy is pretty easy to restart with cash injections as you mentioned with infrastructure projects - be it trump or biden, one of them will do it.
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Re:Global oil use heads for steepest annual contraction by Mountain_Skies on Monday March 16, 2020 @11:45PM (#22601435)
There may also be spending on bootstrapping a return of industries that had been moved overseas that we now know are a huge risk to not have at home.
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Re:Global oil use heads for steepest annual contraction by Aloha on Tuesday March 17, 2020 @12:36AM (#22601719)
Like?
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Re:Global oil use heads for steepest annual contraction by scottmotte on Tuesday March 17, 2020 @01:35AM (#22602036)
Generic drugs [1]

[1] https://energycommerce.house.gov/sites/democrats.energycomme...

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Re:Global oil use heads for steepest annual contraction by Mountain_Skies on Tuesday March 17, 2020 @02:03AM (#22602178)
Many things but most obvious now would be drugs and drug compounds. China being able to refuse to sell us drugs is a national security issue. We didn't learn from the oil embargo of the 70s apparently.
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Re:Global oil use heads for steepest annual contraction by riffic on Monday March 16, 2020 @11:34PM (#22601364)
Gentle reminder that the Democratic National Convention in Milwaukee is slightly less than 4 months away, and Biden is not the nominee yet.
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Re:Global oil use heads for steepest annual contraction by ethagnawl on Monday March 16, 2020 @11:54PM (#22601482)
_Anything_ could happen between now and the convention/election. Surprisingly, I haven't seen this mentioned explicitly, but all of the remaining (major) candidates are squarely in the Covid-19 "danger zone". Some are known to have complicating health factors and there's a non-zero possibility that others do (despite what their doctors' notes say), which _doubles_ the risk.
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Re:Global oil use heads for steepest annual contraction by Aloha on Tuesday March 17, 2020 @12:36AM (#22601717)
The math currently does not work in Sanders Favor
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