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Oil shock

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toofast2live
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Oil shock

#289462

Postby toofast2live » March 9th, 2020, 6:06 pm

In my day (economics A level 1975) it was Oil price surges that caused share collapses.

Now it's a 25% decline in oil prices.

Go figure.

funduffer
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Re: Oil shock

#289953

Postby funduffer » March 11th, 2020, 8:48 pm

I got my economics A level in 1973. Then it was all Keynes, and now it seems he is back in fashion based on today’s heavy spending budget.

I agree, surely slashing the oil price benefits many companies, and the general public in terms of transport costs.

FD

gryffron
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Re: Oil shock

#291245

Postby gryffron » March 16th, 2020, 12:38 pm

Perhaps the crashing oil price is a symptom of the economic conditions, rather than the cause. But nonetheless a strong early indicator, hence the effect on share markets.

Gryff

ursaminortaur
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Re: Oil shock

#291744

Postby ursaminortaur » March 17th, 2020, 6:43 pm

gryffron wrote:Perhaps the crashing oil price is a symptom of the economic conditions, rather than the cause. But nonetheless a strong early indicator, hence the effect on share markets.

Gryff


The fall in the oil price is affecting oil companies like BP, Shell and smaller oil exploration companies but I'd suggest the more general fall is more to do with the effects of coronavirus.


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