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This is because of the pandemic and people are literally dying. Not from SARS-CoV-2, which is also directly causing deaths, but from the world's economy collap

This is because of the pandemic and people are literally dying. Not from SARS-CoV-2, which is also directly causing deaths, but from the world's economy collapsing. But they are mostly the real poor people that Twitterverse doesn't care about, so meh I guess. Non blog spam - https://www.reuters.com/article/exxonmobil-layoffs/exxon-to-cut-14000-global-jobs-including-1900-in-u-s-as-pandemic-hurts-demand-idUSKBN27E30U https://www.reuters.com/article/exxonmobil-layoffs/exxon-to-...

jackric 6y ago
"economy collapsing" - what I'm seeing is demand leaving businesses that were habitual or not truly necessary. For example: work from home -> spend less on transport, spend less on mobile food, company spends less on office space. Regrettably there's transition pain for workers in abandoned sectors but other sectors will grow out of this (e.g. deliveries/home office equipping/remote work centres). This transformation of what work entails, to its essentials, with less office face time, will benefit civilization at large in the long run (Antifragile). I support financially assisting & retraining displaced workers through this transformation, and am against "bailing out" obsoleted corporate entities.
- RhodoYolo 6y ago
  The oil industry is not the only industry hurting right now, so although this is on a post about Exxon, The OP's point holds true.
  - bcrl 6y ago
    The difference is that oil was already under long term pressure. Peak oil has been waiting to happen for a long time, and it's the risk nobody thought relevant that finally broke things.
Proven 6y ago
You're telling the truth to the wrong crowd and for that you shall be downvoted. A collapse in oil demand is a non-event as long as "green" subsidies keep growing. In situations where this destroys jobs and industries, we have central banks and governments make up for that by spending money we don't have.
jjones2 6y ago
Right, I could care less about this Wuhan flu crap we need to focus on getting the world's economies back on track. Many more people are suffering from economy issues than the flu.
- jakupovic 6y ago
  Let's see not a problem if it doesn't affect you. Hmm, what about the ones that it does?

jackric 6y ago

"economy collapsing" - what I'm seeing is demand leaving businesses that were habitual or not truly necessary. For example: work from home -> spend less on transport, spend less on mobile food, company spends less on office space. Regrettably there's transition pain for workers in abandoned sectors but other sectors will grow out of this (e.g. deliveries/home office equipping/remote work centres). This transformation of what work entails, to its essentials, with less office face time, will benefit civilization at large in the long run (Antifragile). I support financially assisting & retraining displaced workers through this transformation, and am against "bailing out" obsoleted corporate entities.

RhodoYolo 6y ago
The oil industry is not the only industry hurting right now, so although this is on a post about Exxon, The OP's point holds true.
- bcrl 6y ago
  The difference is that oil was already under long term pressure. Peak oil has been waiting to happen for a long time, and it's the risk nobody thought relevant that finally broke things.

Proven 6y ago

You're telling the truth to the wrong crowd and for that you shall be downvoted. A collapse in oil demand is a non-event as long as "green" subsidies keep growing. In situations where this destroys jobs and industries, we have central banks and governments make up for that by spending money we don't have.

jjones2 6y ago

Right, I could care less about this Wuhan flu crap we need to focus on getting the world's economies back on track. Many more people are suffering from economy issues than the flu.

jakupovic 6y ago
Let's see not a problem if it doesn't affect you. Hmm, what about the ones that it does?