Another Nail in the Oil Industry’s Coffin
This is a temporary anomaly in the oil market, brought on by the dramatic reduction in demand due to the pandemic, and the fact that those buying oil at this point have to pay handsomely to store it. In any case, what Reich says is 100% correct.
There are several vectors conspiring against the oil industry, and the coronavirus is only one. Electric transportation and ramping environmental concerns are in the process of eating this sector alive. The divestment movement is driving up their cost of capital as well.
ExxonMobil common stock was trading at $87 five years ago; now it’s at $41. People are upset that they can’t get haircuts? There’s one for you.
Television journalist Piers Morgan, co-host of the U.K.’s Good Morning Britain, is a “personal friend of Donald Trump,” and has certainly been an important supporter. Up until now, that is.
From 
In response to my recent post 
Here’s a video of a Facetime session in which 
Those looking for a wonderful 
People love saving at the pump — if they’re actually using their cars. In the midst of a global pandemic and a nation-wide lockdown, however, consumers aren’t exactly reaping the benefits. Even as gas 
A reader points out, “Trump’s “LIBERATE” tweets are his vilest decrees yet. A full on call for insurrection in a time of crisis. If he loses in November can we expect more of the same?” Another responds, “Count on it. There will be riots at Trump’s call. These people know nothing else.” 
The author of the beautiful piece of writing below makes an excellent point. What we’re experiencing, in the main, is compassion for our fellow human beings.
The main message here is that we are surrounded by ignorance wherever we go.
