Oil price collapse threatens global economy: French finance minister

“The oil price collapse is a danger for the global economy,” Le Maire told the French Senate as he a presented a budget update to take account of the impact of the outbreak. He said African countries highly dependent on oil revenues were particularly exposed to the drop in prices.

Birth pangs

Well the solution is simple......get the worlds economies moving again,its not rocket science CoronaBollocks Openthepubs

All the poor people in the world

Petrodollars baby!

Maybe all major industrialized nations ought to quit overly subsidizing a commoditized environmental destructor that also is a coronvirus vector? Maybe that could be a part of the 'prevention of the next pandemic' strategic plan? changemanagement

Now he cares about Africa. What a load of crap. You and Britain seems to forget that you colonized all Africa.

Nope. It mostly just threatens the bank accounts of a certain group of sheiks and other authoritarians and even that is temporary.

'Governments around the world threaten global economy' There, fixed that headline for you.

There is NO better stimulus fir a flagging economy than low oil prices. It's called the market price for a reason.

Let oil die

I was allways told that cheap oil fuels the economy.

Well, you should use non-fossil fuels in that case.

The global economy is not dependent on people getting robbed blind for gasoline.

Ask Venezuela how good it is to base your entire economy on the price of a commodity.

cool

Eh. COVID-19 already did that. Oil is the least of our concern. COVID19 coronavirus

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Oil price crash: Record amounts of oil stored in tankers amid pandemic - Business Insider60% more oil is being stored at sea in oil tankers than the previous record high during the 2009 financial crisis. Wow What could go wrong? Brilliant moves because buying on the spot Market is going to mean huge profits in the future... The Futures Market
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Crude oil is back above $1 after the oil market's worst day on recordThe global coronavirus pandemic has brought countries around the world to a standstill. Here's the latest updates on worldwide Covid-19 cases, deaths, government responses, and more. You’re reporting this but have no context into what it means. Sad. it's currently at -4.51 alternative energy is going to have a hard time competing.
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