The US oil industry is facing a doomsday scenario.
The coronavirus pandemic has caused oil demand to drop so rapidly that the world is running out of room to store barrels. At the same time, Russia and Saudi Arabia flooded the world with excess supply. https://t.co/Dw5qEWo3dB
— CNN (@CNN) April 20, 2020
Tomorrow's front page: the US oil price goes negative for the first time ever pic.twitter.com/6rjvZvpcJM
— Matthew Garrahan (@MattGarrahan) April 20, 2020
Can't get a delivery slot though. https://t.co/QMUTQ8BAak
— Doc Joshi (@MediJoshi) April 20, 2020
Traders hightail it out of U.S. oil contract as prices reach negative $40 https://t.co/HKonBmG3s5 pic.twitter.com/yijMr5X4p5
— Reuters (@Reuters) April 20, 2020
JUST IN: The US will add 75 million barrels of oil to its strategic reserve
— The Spectator Index (@spectatorindex) April 20, 2020
Saudi Arabia and other OPEC members are considering cutting their oil output now to reverse price crash, rather than wait until pact with U.S. and Russia to lower production is set to begin in May https://t.co/S6CREEnv9A
— The Wall Street Journal (@WSJ) April 20, 2020
Remarkable . . . 'Oil prices dip below zero as producers forced to pay to dispose of excess' https://t.co/zY60m73xFx
— David Labanyi (@dlabanyi) April 20, 2020
U.S. oil futures for June delivery are showing why negative prices are still an exception rather than the norm in the global crude market https://t.co/ac35CUj2N6
— Bloomberg (@business) April 20, 2020
Many traders are betting that the coronavirus pandemic will run its course and that later this year demand for oil will jump https://t.co/e73Ryg0WDc
— The Wall Street Journal (@WSJ) April 20, 2020
Once I figure out what exactly crude oil is and what you’re supposed to do with it, it’s over for you bitches.
— Olivia Nuzzi (@Olivianuzzi) April 20, 2020
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TRUMPWORLD
The look on Trump’s face when the guy who didn’t know the price of oil asks another question about oil is priceless. pic.twitter.com/aZrLEUvLyb
— Benny (@bennyjohnson) April 20, 2020
The president has told governors it's their responsibility to get tests. So that's what @GovLarryHogan and Maryland's first lady did — they secured 500,000 tests from South Korea. https://t.co/nMjdrf1nYm
— Kathryn Watson (@kathrynw5) April 20, 2020
Spoiler alert: this story does not say we’re actually in good shape. https://t.co/0qTr4pgeAb
— Susan Glasser (@sbg1) April 20, 2020
1/ Pressure to close the Houston Rodeo intensified after @sxsw was canceled.
Rodeo and government leaders insisted their event was different.
But our reporting shows they knew coronavirus could spread at the rodeo and proceeded anyway.
w/ @propublica https://t.co/KJcRx42gfX
— Texas Tribune (@TexasTribune) April 20, 2020
Thread..
This is insane. This doesn't even meet the White House "gating" criteria, and those are too lax to begin with!
Recall that the gating criteria call for 2 weeks of sustained decline in cases, and declining positive tests. https://t.co/xWJ26eGpct
— Jeremy TEST/TRACE/ISOLATE Konyndyk (@JeremyKonyndyk) April 20, 2020
New satellite images of Georgia. pic.twitter.com/f22EkcOMVF
— Jarrett Bellini (@JarrettBellini) April 20, 2020
Here we go. Just a few minutes after Georgia's announcement. Southeast moving first to reopen… https://t.co/oeC8ytTyKj
— Joe Weisenthal (@TheStalwart) April 20, 2020
Here's when all 50 states plan to reopen after coronavirus restrictions https://t.co/KDQFAXhKrp pic.twitter.com/0NBmZJnX8K
— The Hill (@thehill) April 20, 2020
Fauci warns protesters about dangers of ending lockdowns prematurely: 'It's going to backfire' https://t.co/mhw9wTTwoV
— Jeffrey Levin (@jilevin) April 20, 2020
Asked if companies that reopen and have employees get sick will face liability, Trump says he'll give us a legal answer when "we look it up." Asked if they haven't discussed this yet, Trump says, "Nobody's discussed it, no, but we will. Now."
— Daniel Dale (@ddale8) April 20, 2020
WATCH: Video shows nurse facing down Colorado protester against stay-at-home order.@stephgosk reports on the protests happening across America now on @NBCNightlyNews. https://t.co/1azUkvE9qm
— NBC Nightly News with Lester Holt (@NBCNightlyNews) April 20, 2020
“Jesus is my vaccine”
The scene in Harrisburg, Pa.
Video via @miguelmarquez
— Robert Costa (@costareports) April 20, 2020
Come on, media. "Pennsylvanians Against Excessive Quarantine" was organized by the Dorr brothers, gun extremists who are making money by creating gun groups across the country. The Facebook page links to their gun group. Google them. https://t.co/ix9xbqWOHC
— Shannon Watts (@shannonrwatts) April 20, 2020
Cripes, even the Taliban gets it, which puts them ahead of a fair number of Americans right now when it comes to believing in science. https://t.co/u1qK917EOR
— Tom Nichols (@RadioFreeTom) April 20, 2020
— Daniel Dale (@ddale8) April 20, 2020
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BORIS IS RISEN! BREXITSHAMBLES BRITAIN
UK coronavirus deaths rise by 449 to 16,509 https://t.co/VQvUtPvIiv pic.twitter.com/bc9u5G3lZs
— Reuters (@Reuters) April 20, 2020
Very sorry to hear this. First A&E consultant to die of cornonavirus. https://t.co/RJizVBzVyl
— Lucy Powell MP (@LucyMPowell) April 20, 2020
The Scottish government has called for a two-year extension to the Brexit transition period due to the coronavirus outbreak https://t.co/MFR04uefWG
— The New European (@TheNewEuropean) April 20, 2020
The Irish Times view on Britain’s crisis response: A desperate game of catch-up https://t.co/FjOWauRVnQ via @IrishTimesOpEd
— Irish Times Opinion (@IrishTimesOpEd) April 20, 2020
We need out of this insane asylum. Stat. https://t.co/drCcJ3hSvY
— Pastor “Nows not the time” Jimberoo 😷 (@PastorJimberoo1) April 19, 2020
MPs investigate commercial property purchases by councils https://t.co/N0cXNnbOkX
— The Guardian (@guardian) April 20, 2020
European citizens in UK at risk of losing out on jobless benefit
"Fears that 1.3m holders of ‘pre-settled status’ could be refused universal credit amid virus lay-offs" write @RKWinvisibleman & @jimbrunsden in the @FT following our letter to the Govt.https://t.co/xHbyu0SAkq
— the3million (@the3million) April 20, 2020
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WORLDWIDE
WHO Director-General Tedros Adhanom Ghebreyesus said nothing has been ‘hidden’ from any member state in regard to the coronavirus pandemic and warned that without ‘national unity and global solidarity, the worst is yet ahead of us’ https://t.co/2LUOLFTaQW https://t.co/nMTpWdmEdu
— Reuters (@Reuters) April 20, 2020
Re-upping this, because it seems like a big deal. This study doesn't have the kind of methodological problems with sampling or self-selection other studies do: it offers a relatively comprehensive picture of the whole town of VO. And not one child tested positive for the virus. https://t.co/i9octp9yGY
— James Surowiecki (@JamesSurowiecki) April 20, 2020
South Australia has had only 4 deaths from 1.6m population https://t.co/G2LkQZaY3h
— Tony Tassell (@TonyTassell) April 20, 2020
Billionaires’ compound with its own coronavirus testing center stokes anger on the French Rivierahttps://t.co/MEiNXsgH81
— Teddy Schleifer (@teddyschleifer) April 20, 2020
► VIDEO: Thailand is seeing the largest number of nests of rare leatherback sea turtles in two decades as tourism drops due to coronavirus restrictions https://t.co/2NUPmqKUmZ pic.twitter.com/Mxeahpsh0J
— Irish Times Video (@irishtimesvideo) April 20, 2020
Finally…
We’re a children’s infectious disease ward & a very kind person made us these shields for work.🙌 pic.twitter.com/OuxexmDSGX
— Kelly (@Kal_Leigh) April 20, 2020
The Overnight Note 