despite the contribution of the effects of coronavirus on the world economy, the plummeting oil prices are driven in large part by russia-opec negotiations breaking down and both sides starting an all-out price war in their bid to secure market shares:
https://www.bloomberg.com/news/articles/2020-03-08/oil-in-freefall-after-saudis-slash-prices-in-all-out-crude-war

oil prices dropping because russia and the opec countries increase production IS good for western consumers.

Be aggressive. Be be aggressive.
Be be A G G R E S S I V E
Be aggressive yay!

You're such a cheerleader lol.

Except all the people working in the shale fields who are gonna lose their jobs.

This post was edited by Thor123422 on Mar 9 2020 05:10pm

🤔

Ice was posting a pic which insinuated that Trump is cheering a development which is bad through and through. I pointed out that there are several factors causing this development, and that not all of them are bad, so that Trump's tweet objectively is much less unfounded than it appears at first glance.
But I guess pointing out undoubtedly relevant info nowadays qualifies as "cheerleading".




Oil prices have been low for years, the shale oil and fracking industries have been under immense pressure for years. Not that many unsustainable jobs and business left in this field; and everyone still working in these industries knows about their vulnerability to the world market.

This post was edited by Black XistenZ on Mar 9 2020 05:18pm

Why shitpost that's my job

wrong. he's acting like it's fine (that's the meme btw) - even though it clearly isn't. he's yet again pretending the situation isn't as bad as it demonstrably is (to an audience that has proven to be extremely resistant to facts and expert opinions, embracing anti-intellectualism and propaganda - like you), and you are YET AGAIN engaging in mental gymnastics to defend whatever trump says, like when you tried to rationalise his lies about the lethality of the virus. the dishonest spins make you a "cheerleader" and a "hack", not "pointing out relevant info" - you don't fool anyone else, so you might as well stop fooling yourself.

icepeon doesn’t understand how basic concepts like oil prices work
he’s living off his stepdad like a good RINO

nobody knows the the exact mortality rate of the virus yet, but there is very good, rational reason to assume that it will, when everything is said and done, go down substantially compared to the numbers floating around right now. in the end, his statement about the lethality of the coronavirus will be proven true.

side note: you have no proof whatsoever that Trump stressing the fact that dropping oil prices are good for consumers* was meant as an "everything is fine"-signal rather than a "cheer up"- or "look at the bright side"-signal.




* at least in their own right (as opposed to their role as an indicator of nervous or declining markets).