The issue is the emergency vs the planning. Here is 8.3 billion dollars. produce now.
However the 8.3 Billion is for fighting the damn disease, not stopping it, or having plans for how to contain it. The items we have government for.
This is just rich people throwing money into the air and saying "Fix it!" ,clap , clap "Fix it!' , clap ,clap.
8.3 billion looks rather paltry when you consider how much market cap has been lost in the oil industry alone today.
Why don't you just admit it, it doesn't matter what Trump did, your knee jerks and you don't like it.
First of all Trump should look worried, and not about the stock market (talking about the DOW while at the CDC, a new low for him), but about the virus, that will hurt and kill some of his fellow citizens (some who might be millions in the worst case scenario).
That would be a good start.
It would be a "good start" if millions of Americans died? What exactly are you saying? And why exactly do you spend so much time involved in US issues when you seem to have the greater problem within your own borders? France - twice the number of known infections and deaths with ~1/3 the population and you are worried about the look on Trump's face? I do not understand this obsession some of you have with a country you don't live in, while your own country flounders.
That's a laugh. Tommy alone surpasses all of it combined with his deep knowledge and solutions to America's problems...
Differnce being: i am not making up shit like 23 USD burgers....
LOL, That comment is rich. With the amount of misinformation you've routinely laid around here over the years about a country you visited once for a few days, I don't think you really want to make that argument.
Back on subject. Russia will be forced to capitulate before US shale is badly hurt. Some smaller producers will go bankrupt and will not recover because they won't get credit, but shale has already been largely consolidated by the big players, Exon, et al. They have the deep pockets to stay alive and it shouldn't be forgotten that shale has the ability to quickly scale up again when prices inevitably rise again when demand picks up. At any rate, the point at which US shale makes money and Russian wells makes money is not significant. Russian companies need that money as much as US oil companies. https://seekingalpha.com/article/433076 ... -scenarios
Last edited by mham001
on Tue Mar 10, 2020 3:37 pm, edited 1 time in total.