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Corona: Black Swan in Black Gold


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#1 Rogerdodger

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Posted 24 January 2020 - 11:26 AM

Is Coronavirus A “Black Swan”? The Oil Market Debates

 "Population of 35 million locked down."

Goldman Sachs said in a note on Tuesday it anticipated a 260,000-barrels-per-day negative shock to global oil demand on average, including a 170,000-bpd loss of jet fuel demand, from the 2019-nCoV. Its analysis was based on comparison with the 2003 SARS health epidemic which shook global markets, including oil.
There’s no certainty the coronavirus will become a crisis of such proportions; neither is there a surety it won’t.

 

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Edited by Rogerdodger, 24 January 2020 - 11:28 AM.


#2 redfoliage2

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Posted 24 January 2020 - 12:43 PM

So far the data of deaths from coronavirus in Wuhan show that the disease is fatal mostly for elderlies above 60.  To younger people it's just like a flu ...............



#3 Rogerdodger

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Posted 24 January 2020 - 02:12 PM

Healthy young man among victims...

 

Chinese cinema companies to close the country's 70,000 movie theaters

 

Nurse says quarantine failing...

Video shows dead bodies in halls...


Edited by Rogerdodger, 24 January 2020 - 02:15 PM.


#4 redfoliage2

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Posted 24 January 2020 - 04:50 PM

Well, we may have a new case here today the bull looks infected .............


Edited by redfoliage2, 24 January 2020 - 04:59 PM.


#5 Rogerdodger

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Posted 25 January 2020 - 04:10 PM

Just Coincidence...

"Goldman Sachs said in a note on Tuesday it anticipated a 260,000-barrels-per-day negative shock to global oil demand"

 

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Edited by Rogerdodger, 25 January 2020 - 04:11 PM.