Oil plunges below zero for first time with May contract ending

Re:Oil plunges below zero for first time with May contract e... by pjc50 on Monday April 20, 2020 @10:51AM (#22924281)

Dubai is definitely a tourist destination for a small number of hyper-wealthy people. The tourists get to be in the part of the bubble that serves alcohol.

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Re:Oil plunges below zero for first time with May contract e... by unexpected on Monday April 20, 2020 @11:19AM (#22924594)

Dubai is definitely a tourist destination, and it's not just for hyper-wealthy people. They get a huge amount of middle class tourism from South Asia and China. There's a wide variety of hotels, from 2* to 7* and you can stay in a superb 5* hotel for $150/night.

It feels like a destination for the hyper-wealthy to Americans because our tourist offerings here are so much better - but not everyone can come here. My best analogy for Dubai is that it's like Vegas without the gambling - and while that may suck for some people, it can definitely be done. Vegas is also done at every price point!

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Re:Oil plunges below zero for first time with May contract e... by clawedjird on Monday April 20, 2020 @10:55AM (#22924327)

That is true, however Dubai is not in Saudi Arabia. It is part of the U.A.E.

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Re:Oil plunges below zero for first time with May contract e... by dageshi on Monday April 20, 2020 @10:58AM (#22924362)

Dubai is certainly a tourist destination but it's not in Saudi Arabia.

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