Re:Stocks Halt; Oil and Bonds Drop in Sync
by matwood on Wednesday March 18, 2020 @02:25PM
(#22619721)
That has little to do with pollution and just that there are no boats churning up the bottom.
Re:Stocks Halt; Oil and Bonds Drop in Sync
by at-fates-hands on Wednesday March 18, 2020 @02:27PM
(#22619744)
> They are cooperating to destroy US efforts at self-sufficiency.
This is completely shocking to me.
I remember complaining about gas when it went above $2 and my grandfather sat me down and related several stories about the 1970's oil crash, Jimmy Carter saying we needed to be energy independent, and other fascinating stories about OPEC.
To honestly see a day where OPEC and the Russians see the US oil production as a threat is pretty incredible when you think about it.
> They are cooperating to destroy US efforts at self-sufficiency.
That's simply impossible. Best they can do, is bankrupt the current owners of fracking oil wells. But the equipment and sites / wells remain, and will be taken over by new owners, which will remain pumping oil as soon as price reaches sufficient levels (or until the US needs it for "national security").
Re:Stocks Halt; Oil and Bonds Drop in Sync
by blaser-waffle on Wednesday March 18, 2020 @03:36PM
(#22620385)
Foreign firms can operate oil companies in the US.
The new owners may be Saudi...
This is the key. They are cooperating to destroy US efforts at self-sufficiency.
On the bright side, the canals of Venice are clear (you can see the fish) for the first time in recent history.