[ExI] This is a Historic Day For World’s Oil Markets

[Dylan Distasio]

It's historic in a disastrous way that may have terrible 2nd order effects
on overall financial markets and more importantly the real world.  It's
another factor in arguing that shutting things down completely is a
terrible idea.

On Mon, Apr 20, 2020 at 3:42 PM John Clark via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

> "*West Texas Crude oil priced at $0.01 at 14:20 eastern time. At 14:22
> eastern time, it collapsed to -$1.43 and fifteen minutes later, fell to
> -$20 for the May contract. For the first time in the history of the oil and
> gas industry, oil became absolutely worthless today*."
>
> Historic Day For World’s Oil Markets As American Crude Becomes Worthless
> <https://www.forbes.com/sites/kenrapoza/2020/04/20/historic-day-for-worlds-oil-markets-as-american-crude-becomes-worthless/#cd2638945dc9>
>
> John K Clark
>
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