The rules and submission guidelines are maintained on new Reddit so be sure to check them and make sure you're up to date. Read the comment and submission guide. Read the FAQ if you're new to both wallstreetbets and trading. Earnings Thread - Daily Thread. Oil still up.
As rigs close down, suicide numbers go up. With a local industry in shambles, a mental health crisis is brewing. It is, to say the least, a land of contradictions — one where the life above ground was built almost entirely from the dead matter below it. Here, oil is king. The edges are starting to show some fray.
There is a new U. Its warnings are very, very dire. It is time that the public comes to terms with the choice we face: keep fossil fuels in the ground, or face doom. Oil companies, like it or not, must be forced to change or be killed. The latest report, from the Intergovernmental Panel on Climate Change, represents the very latest summary of the available science, and it leaves very little room for dispute.
The coronavirus has sent oil demand plummeting, and it may never return to where it once was. There are countless metrics that show how absolutely bonkers and unheard of the current crisis is. Oil traded for negative dollars last week. Demand has dropped while production continues, which has led producers to store the equivalent of a fifth of all pre-pandemic daily offshore on supertankers.