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On Monday, Halliburton, which provides equipment and services to energy companies, gave an early indication of the damage being sustained by the industry when it reported a $1 billion loss in the first quarter compared with net income of $152 million in the same period a year earlier.
Oil companies will either have to turn the taps off or see storage rise to tank-busting levels. David Fyfe, chief economist at Argus Media, a commodities pricing firm, expects tank farms around the globe to fill to the brim by the middle of May.
originally posted by: Stevenmonet
a reply to: brewtiger
I tried to warn you guys when the entire billion in sba grants for denied loans disappeared in just 3 days due to a huge scam pulled off at the highest levels of the sba's management.
50% of small businesses and therefore a large majority of Americas middle class will disappear due to this covid-19 lock down and resulting sba scandal.
At least that was the expectations at the sba according to the employee who was recorded blowing the whistle on this whole thing.
originally posted by: EndtheMadnessNow
a reply to: OsirianObsidian
NYT said about the same.
U.S. Oil Prices Plunge Into Negative Territory
On Monday, Halliburton, which provides equipment and services to energy companies, gave an early indication of the damage being sustained by the industry when it reported a $1 billion loss in the first quarter compared with net income of $152 million in the same period a year earlier.
Oil companies will either have to turn the taps off or see storage rise to tank-busting levels. David Fyfe, chief economist at Argus Media, a commodities pricing firm, expects tank farms around the globe to fill to the brim by the middle of May.
I remember not long ago Trump said, you might see gas prices down to around $1 a gallon. Everybody in the media laughed at him.
originally posted by: airforcerulessky
Crude oil now trading at $0.36 a barrel. Look it up people. Maybe this is the big news for today. Breaking the oil means a lot.
originally posted by: carewemust
The enemies of America and the American people are ramping up their attacks.
twitter.com...
But just like it was in 2016. This will not work, because the American people are smarter than the terrorists.
originally posted by: carewemust
FYI - President Trump is meeting with New York Governor Cuomo in the Oval Office tomorrow.
twitter.com...