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I'm not saying that they want to prove coronavirus is literally not real, I'm saying that oil prices generally track with the kind of economic activity that a p
by croissants 6y ago
I'm not saying that they want to prove coronavirus is literally not real, I'm saying that oil prices generally track with the kind of economic activity that a pandemic messes up [1]
> As economic activity slowed sharply across the globe, demand for petroleum and petroleum products plummeted. The drop in demand, coupled with an unexpected increase in supply, led to a collapse in crude oil prices and subsequent impacts on prices for refined petroleum products and other downstream items, notably gasoline. As economies reopened, the initial price downturn gave way to reduced oil production and some renewed demand. As a result, prices for oil products partially recovered.
so they would prefer a world in which the coronavirus is not a serious problem that merits shutdowns.
[1] https://www.bls.gov/opub/mlr/2020/article/from-the-barrel-to-the-pump.htm https://www.bls.gov/opub/mlr/2020/article/from-the-barrel-to...
- CyberDildonics 6y agoNow you're saying that as a back peddle, but that isn't what you actually said.