COV shutdown will tell us a lot about CO2

[tw]

Originally Posted by Undertoad

I just realized - we're seeing clear skies in Chinese and Indian cities, clear water in Venice, etc.

In America, Nitrogen Oxide levels have decreased (last I saw) by 30%. That means clearer skys. Any numbers for CO2? I have not seen any. CO2 does not affect visibility.

[BigV]

Free-Falling: U.S. Oil Drops Below $3 Per Barrel As Demand Disappears

A key U.S. benchmark hit single digits for the first time in many decades, then kept plummeting, with oil selling for less than $3 a barrel. At the start of 2020, a barrel cost around $60.

WOW.


Holy shit. When I found this headline, it said $3 a barrel, when I composed the post and clicked through to the story the headline had been updated to $2 a barrel. That's a LOT of CO2 staying in the ground. Less than $2 a barrel.

[Clodfobble]

The irony is that if/when local gas stations start going out of business, it will become much harder for the average suburbanite to get what gas they do need.

[BigV]

Originally Posted by Clodfobble

The irony is that if/when local gas stations start going out of business, it will become much harder for the average suburbanite to get what gas they do need.

Thank you Clodfobble for the reminder to take all my portable gas containers with me to be refilled when I go on a raiding party for toilet paper.

[BigV]

Originally Posted by BigV

Free-Falling: U.S. Oil Drops Below $3 Per Barrel As Demand Disappears


WOW.


Holy shit. When I found this headline, it said $3 a barrel, when I composed the post and clicked through to the story the headline had been updated to $2 a barrel. That's a LOT of CO2 staying in the ground. Less than $2 a barrel.

Here's the headline now, 2:06 pm PST:

Free Fall: Oil Prices Go Negative
April 20, 202011:21 AM ET

just fuckin wow.

The key U.S. oil benchmark, West Texas Intermediate, settled at negative $37.63.

Driven by a trading contract deadline, traders desperately looked for buyers for the barrels of oil they normally hold in their books. But buyers were hard to find — even when the oil was being given away for free.

So some traders, instead of paying to buy oil, were ready to pay as much as $37.63 to get someone to accept delivery of one barrel of oil.

[tw]

Originally Posted by BigV

... take all my portable gas containers with me to be refilled when I go on a raiding party for toilet paper.

Save the economy. Buy massive amounts of gasoline to create a gigantic toilet paper fire. Then oil companies and toilet paper manufacturers will be saved by all that new business.

Then start a recycling business. Collect unused Covid-19 to burn in those oil fires. Another economic solution. Imagine that. It was proposed in the Cellar before The Don could tweet it.

[Dude111]

People dont realise how this is gonna hurt the economy!!

[tw]

Originally Posted by Dude111

People dont realise how this is gonna hurt the economy!!

Low income people (and their landlords) are probably very aware.

[Urbane Guerrilla]

Welp, prices did not stay in the Land Of Surreal long. West Texas Intermediate 42 gallon barrel is $24-and-change, change maybe depending on which hour of the day you averaged.

With a buyer's market like that -- the Strategic Petroleum Reserve did not miss the opportunity -- a V-shaped economic recovery looms. Except in choke-collared places like New York, New Jersey and California, dammit.