Loading ...Tourists Go Home! Hawaiians are fed up.
https://www.zerohedge.com/health/tourist-go-home-tensions-soar-hawaiians-urge-non-residents-leave
Now if we could just ban all TOURISTS from Hawaii…
WTI CRUDE
netdania is showing crude re-setting abruptly @ 14:20 this afternoon now trading @ $21 and change.
??? WTF ???
Here it comes…
Just what America needs…another eight years with an Obama.
Something tells me Joe wouldn’t last six months.
Heaven help us.
Wow
About 5-10 minutes after posting that just heard of BB news oil went negative. They’re paying to get rid of it for lack of storage. I gotta run over to the local gas stations see if they’re giving away any gas.
Hawaii Virus Stats
Total cases: 584 (4 newly reported)
Hawai’i County: 64
Honolulu County: 385
Kaua’i County: 21
Maui County: 108
Pending: 0
Residents diagnosed outside of Hawai‘i: 6
equired Hospitalization: 55
Hawaii deaths: 10
Released from Isolation: 423
Cumulative totals as of 12:00pm, April 20, 2020
Amazingly, no new cases on crowded Oahu/Honolulu. Two new on Maui, two new here on Hawaii County… remnants of the ‘Kona Cluster’.
Richard 19:29
Just scanning through it anyways it appears as far as the oil and Mid East there’s not enough dollars due to lower demand.
Gates even appeared on German TV saying we should remain locked down until he creates a vaccine.
MONDAY, 20 APRIL 2020 BY: MARTY ARMSTRONG
The cat is out of the bag. The UN is calling to use this “opportunity” of the total collapse of the economy to rebuild it from scratch without carbon emissions. This has been a deliberate plot by the Climate Change contingency which is unbelievable. They have brought not just the price of oil crashing below long-term support which was $13.90 followed by $11.30, $9.50, and $6.75 with technical support at the $7.50.
The common explanation for the collapse is way-off reality. The steep decline in the price is being attributed to the lack of sufficient demand and lack of storage place, in the face of a massive supply glut. However, the smart money is realizing that there are indeed dark forces at work behind the curtain. All along, I have been warning that this is not right. I have warned that I had personal knowledge that phone calls were made in January to elite people to get out of everything because they would use this virus to force political change.
However, the dark forces have been the Climate Change contingent. These people have no consideration whatsoever for civilization and they have been funded by Bill Gates and Al Gore to intentionally destroy the economy so they get to reconstruct it as they desire. The German auto industry is on the brink of collapse and this has been their design from day one using this virus as the excuse to lockdown everyone. Gates even appeared on German TV saying we should remain locked down until he creates a vaccine.
This something which is suitable for a James Bond plot. A close at month-end below $18 will warn we can move down into mid-May. A break of today’s low would point to a decline into the 23rd.
Armstrong on Oil–if any of you can understand his syntax please tell me if he is saying the dollar goes up or down–TIA
Spot Oil Goes to ZERO
The spot crude oil market has gone to zero. There is no place to store the oil with the lockdown causing a complete collapse in demand as people can no longer even drive to work. The rout in oil prices is throwing the decades-old currency pegs of the Gulf Arab region back under crisis watch. The collapse in oil prices to zero in the spot market has set in motion a crisis watch for the Middle East. This is a region that has been politically unstable, to begin with, and this only adds pressure to start wars to distract the people from the failing state governments whose income has just gone to zero. This no longer about a price war and OPEC. This is now a war of the Climate Change contingent against the rest of the world.
Even at the beginning of March, the twelve-month forward contracts on Saudi Arabia’s riyal jumped fourfold to 180 points in the offshore markets as the slide in crude prices began following the collapse of the OPEC+ production agreement. Now with spot prices at negative to zero, the political instability is rising rapidly.
The fears are rising that the prospect of declining dollar earnings for the Middle East and energy-exporting nations of the Gulf along with Russia and Venezuela, makes it more difficult for governments to even cope with social benefits no less balance their budgets. This puts extreme pressure on the financial systems around the world under which they keep their currencies pegged to the dollar.
Gold is declining as is the Euro are declining which is driven the people who think “cash is trash” and are convinced that the dollar has to crash with the stimulus. That very assumption means people will rush out and spend their cash when that is NO WAY humans will react during this phase where they are hoarding cash – precisely the opposite of their expectations.
This is a reflection that the dollar will be under even greater pressure and the shortage expands globally for the supply v demand is by no means confined to the border of the United States.
Oil
The negative NYMEX prices for May looks to be a technical delivery problem that has always been peculiar to NYMEX, they have never had enough tankage for a large real delivery, ever since the contract was created and they have never fixed the problem…….It may well be that Vlad and the Saudi’s have exploited the loophole to smash US Shale .
Hey Captain
I wouldn’t consider ever voting for anyone from the other side, just hoping there are enough people like me out there that feel the same way.
Trump has been under an onslaught since the day he entered office, I don’t know if this coming reset is all about him or if it was coming anyway, but it sure as hell isn’t his fault.
Got a feeling we may have some big days in the pm’s coming our way. Either that or the price of everything around us is going to collapse.
Buygold @ 16:39
Whom else can you vote for?
Sleepy / creepy / losing his effing mind Joe.
Chuckle
Maddog
The effect of negative oil prices will be devastating across multiple industries across the US and the globe. It appears that Trump was/is the fall guy but I’m not sure even this will stop him from being reelected. I’d like to think his voters are smart enough to know that he didn’t cause any of this.
Being goldbugs we’ve seen this collapse coming for years. The coronahoax was the fake catalyst. The reset is now inevitable, just a question of when and what it looks like I guess.
I’m glad I hold phyzz right now because I don’t see anything else that will hold its value in the coming months, and I’m not sure even the scum will be able to continue to keep the price down. We’ll see.
Buygold
U gotta wonder why the CME said Oil could trade negative…..In the past they would have been supportive of the price and tried to say something positive, no mkt bad mouths it’s own products…..The partisanship is so out of control, it sounds like they were prepared to say it, to help ruin the Oil economy, to get at the Donald .
As u say this is a very, very big event.
Hey Maddog
This day will be remembered as the beginning of the global depression. As you say the scum is trying to keep the market somewhat propped but this is a huge deal that will affect millions, even billions of people around the world.
It will shatter jobs around the US in Texas, Oklahoma, Louisiana.
Trump won’t be able to spend enough government money to make up for the jobs that will be lost in those areas.
Since when was bankrupting the ME and the entire global carbon energy mkt a non event.
Gold has been stuffed back below $ 1700….the Rig is more important…which we all knew.
We have now entered LA LA land…..the losses in the energy sector are way beyond telephone numbers….yet the Rig would have the World thing no big deal is occurring, when in fact today is one of the most momentous of all time…..Sugar once traded at the freight rate, which meant it traded for less than hard core/rubble…….but sugar was/is a minor mkt in comparison to energy.
By the way at current prices the entire reneawable mkt is a bust as well……Greta will not be happy.
Kitco showing oil at $.26
Craziness
So much for peak oil.
The SM is starting to notice. This is the destruction of the world economy. No doubt planned by the globalist elite.
The US should refuse to buy oil from anywhere outside the US and bring all our troops home.
Buygold @ 13:07
I think the riggers are losing their grip. They’re gonna scream plenty as they fall into the Pits Of Zool! 🙂
Yikes!
Oil Trades At A $2 Handle After CME Warns “May WTI Can Trade Negative”
https://www.zerohedge.com/markets/historic-oil-crash-sends-canadian-oil-prices-negative
Wow R640 – I see that. I guess oil is going to zero?
Surprised USO is still where I bought it. I didn’t buy much.
I’d think that $5 would scare the living hell out of the stock and bond markets though.
Ipso – Low oil and fuel should be great for the miners and their shares.
They fought us off at $1700. Wonder how long they’ll be able to hold it?
Buygold
You’re crazy!
Good luck.
PM shares looking solid so far …