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Especially with the U.S. now being a net energy exporter?
Sure, companies will have a hard time selling their oil for lower prices, especially those who have been moving over to more expensive production means (fracking, shale oil etc.).
OTOH, demand is going to jump, as people celebrate low gas prices and start driving more. It could also have the side bennie of getting people out of crowded airports, trains, buses, and cruise ships, and into the family car instead for long trips... where coronavirus is less likely to be.
BTW, electric cars with their super-expensive (or super-small) batteries, just got less attractive.
But why did Trump supporters vote for Romney, McCain ...
A balance-shifting swathe of people who voted Trump (not necessarily supporters, but voters) emphatically did not vote McCain and Romney, and a balance-shifting swathe will probably return to a non-establishment party voting scheme come 2024.
Back on topic, the pace of globalization started de-gearing in 2009 after the housing finance debacle culminated in 2008, in part the end result of some 20 years of globalization policies deleterious to the legal economy on US soil. ... there are a lot of dots to connect in between there, but good luck with yourselves ...
Now, the current hysteria over corona virus is certainly another notch down in the de-gearing process and most likely with long-term implications.
Due to globalization policies at cut-throat speed, potential economic growth in many crucial countries has shrunk, permanently (Italy has been at the spearhead of this shrinkage for more than a decade).
Low and lower interest rates are a reflection of that.
Mike, your boy Sanders is not helping; on the contrary.
This happen to be the POLITICS and other controversies subforum. Sounds like you ventured into the wrong subforum.
Yes...that is my point. The politicizing of a deadly pathogen. How its going to help or hurt the party as opposed to simply looking at its impact on humanity and how to stop it. It you can save millions of lives by losing trillions of dollars of economic output.....politics should not come into the calculus.
You can bet they will try to blame it on Trump... the OPEC thing too.
Sooooo, please give a link that anyone is blaming Trump for the markets or for OPEC.
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