Tag Archives: dire

‘The world should be worried’: Saudi Aramco — the world’s largest oil producer — just issued a dire warning over ‘extremely low’ capacity. Here are 3 stocks for protection The global oil market remains tight according to Saudi Aramco, the largest oil producer in the world. And that does not bode well for a world that still relies heavily on fossil fuels. “Today there is spare capacity that is extremely low,” Saudi Aramco CEO Amin Nasser says at a conference in London. “If China… Source link

As Disney (DIS) grapples with the aftermath of Florida Governor Ron DeSantis revoking the company’s special tax district, some experts say the dissolution might not even happen. “I don’t think it’s very likely,” said Richard Foglesong, Disney historian and author of the book “Married to the Mouse: Walt Disney World and Orlando.” “Frankly, the consequences are too dire,” Foglesong added. “Already you’re seeing conversations about the real cost of this, and who will pay. From all appearances… Source link

The rally in crude oil prices may have a long way to go, warns one top strategist. “It is not unfathomable for prices to rocket to $200 a barrel by summer, spur a recession and end the year closer to $50 a barrel ($200 call options have been bid). To be clear, this is not our base case, but such a scenario does not sound implausible today. Two weeks ago, such a notion would have been ludicrous. Brent traded in a $20 range over the past 24 hours. Nothing sounds crazy, anymore,” said RBC… Source link

Just as the hospitality sector was starting to recover from the Delta wave of COVID-19, a growing number of local restaurants and bars are bracing themselves for the Omicron variant, which is swamping highly-vaccinated population centers and threatening public gatherings. With Christmas and New Year’s approaching, closed doors, canceled reservations and sparser dining rooms are once again the order of the day for eateries battered by COVID-19 restrictions over the last two years. “We’re… Source link

A new study on COVID-19 transmission done by researchers at Georgia Tech University and North Carolina State University paints a dire picture for students who go to school unmasked and unvaccinated. Model findings from the study found that in a 500-student school, an additional 70% of elementary school students may be infected with COVID-19 within three months without masks and 40% of elementary school students may be infected within three months with masks. Vaccinated middle and high schools… Source link

Chilling video has emerged of prisoners removing the bodies of patients who have died from Covid-19 as hospitals in Texas become overwhelmed by the rising fatalities. The footage, shared on Twitter by American epidemiologist Eric Feigl-Ding, shows inmates wheeling out the bodies into truck containers which are acting a mobile morgues. Dr Feigl-Ding explained the truck containers were “overflow morgues” and there were 10 of them parked in the area after the hospital added six more earlier… Source link