Coronavirus (COVID-19) Discussion Thread

[vivster]

John2290 said:

vivster said:

Sucks for Norway and other oil countries I guess, but it's time for them to ditch oil anyway and build a proper economy.

For everyone else nothing will happen. Oil companies are gonna be fine since oil will always be needed and they have lots of it. And job loss in a sector that should mostly die anyway isn't much of a concern either.

What I'm saying is that low oil prices are probably one of the least concerns anyone should have. Now or in the future.

You havn't fully understood this news yet? It cost the oil companies money to move the oil, are they going to do it out of a shear love of humanity and have people go hungry and exhausted doing it... Nah. Noone can even bail them out cause it would be so costly it would cause rapid inflation. 

There's a meme about Chian winning world war three without firing a bullet, well, it's not just a meme now. They won, no one else even has a pitance of a chance come the scarcity. We'll be begging them to help or fighting them to keep people fed. 

Yes, because suddenly no one will need oil anymore and won't pay for it and the oil companies will just keep everything and nobody has oil anymore. Yeah, that sounds totally realistic. Maybe you need to learn what the word "essential" means and then look up what humans will do when something "essential" is on the line.

It's one thing to be a bit worried, but you should listen to yourself. You are predicting war based on unsubstantiated fears. Which is funny, because unsubstantiated fears are the number one cause for wars. But maybe that's exactly what you want.