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US exports more than Saudi now but Saudi will be killing that revenue stream for them as they have such a lower cost of production, the bigger issue for the US is that the low price makes all capital investment dry up as not financially economical, they will have to strike a deal with OPEC and Russia at some point to cut global production
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Don't know why Trump isn't raging on twitter about this, they are going to kill (thankfully) fracking in the US and drive up unemployment when he needs it least ahead of the election, last time there was a major drop in oil price lots of US oil businesses quickly had to shut down and mothball or went bust
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I know others have answered but the author gives his reasons here as he gets that question every time he posts a new one:
https://twitter.com/jburnmurdoch/status/1237748598051409921 -
If you use twitter the author is worth following, answers questions and also takes on board feedback and makes adjustments
https://twitter.com/jburnmurdoch?lang=en -
Given that 10% of the cases in Spain are medical staff, China's robot hospital might have its place for some roles:
https://www.cnbc.com/2020/03/18/how-china-is-using-robots-and-telemedicine-to-combat-the-coronavirus.html -
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France has built a field hospital but a lot smaller than Madrid or London:
https://www.france24.com/en/20200324-french-military-field-hospital-starts-unprecedented-peacetime-operations-to-combat-coronavirusand Washington State are building one:
https://www.usnews.com/news/best-states/washington/articles/2020-03-19/workers-building-field-hospital-as-coronavirus-spreadsThink some countries are also deploying naval hospital ships, think one is being sent to LA
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Gove just made it clear, Sports Direct aren't essential and they have now u-turned on opening. He said walking, running and cycling were the only forms of exercise people really needed so wasn't sure the need for a sports equipment shop.
He actually did a good job clarifying a lot of examples, hopefully they will post it online.
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Gove just clarified on BBC breakfast that transfering under 18's between parents homes is acceptable and won't be discouraged
https://twitter.com/BBCBreakfast/status/1242361443254775809?s=20
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German #IFO institute warn today that #coronavirus will cost hundreds of billions
+full year GDP projection: -7.2% to -20.6%- Equivalent costs : EUR 255 to 729bn
A drop of - WAIT FOR IT- 40% of GDP next two months
https://twitter.com/CNBCJou/status/1242027653542150144?s=19
Ouch
- Equivalent costs : EUR 255 to 729bn
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So what's to stop these types of clauses getting attached the Government bailout:
https://www.taxresearch.org.uk/Blog/2020/03/22/if-uk-companies-want-a-bailout-there-must-be-conditions-attached-these-are-my-suggestions/ -
Poland get it, providing for all school and uni age learners access to a state run Minecraft server, help with school work, quizes, game dev webinars, game dev tournaments, online RPG sessions with human gamemasters via discord (Witcher, FATE, Trudvang, Warhammer 4th ed., D&D, Alien, KNAVE, Call of Cthulhu, Mouse Guard and other)
https://www.gov.pl/web/cyfryzacja/czy-jestescie-gotowi-na-grarantanne
Supposedly they got in touch as soon as the Government came out saying they were appealing to anyone who could support with sourcing ventilators