is this a 42% decrease in a day, a month, or what?
Oil Depression
Robert Powell
Christopher Murphy
today, last 6 months it's -80%
James King
It's down 51% now!
Demand didn't go down that much over the weekend
Today
Mason Cox
LOL
I am heading to Canada soon to insert my engourged american stimulus into thier empty gaping economy.
Owen Myers
>$10 oil
Thank You President PUTIN
Lucas Jenkins
Forget the Saudi and Russia price war, COVID-19 has sharply lowered demand while our oil storage is close to full.
Jace Nelson
>"less production does not mean less supply" is beyond the stupidity levels I can understand
When it comes to economics, people's normal intuitions go haywire and they come to believe things that are not just false but the opposite of the truth. They can literally convince themselves they paying someone to dig and refill a hole over and over is wise and productive policy.
Noah Jenkins
both move the graph. plus warmer than average weather. you need both supply and demand to make a chart.
Jordan Rogers
Inflation adjusted OIL is in all time low.
Camden Peterson
Oil is $8.93 now. Complete madness.