https://abs.twimg.com/emoji/v2/... draggable="false" alt="đź§µ" title="Thread" aria-label="Emoji: Thread">So the spot price of oil just dropped to $0 a barrel. You& #39;ll get the economic analysis from a lot of people, but follow along here for some thoughts on the human rights implications based on years of @hrw research https://twitter.com/joemccann/status/1252295431788261378">https://twitter.com/joemccann...
My colleague @sarah_saadoun wrote "ordinary people have paid the price for the ruling elite’s corruption" - and we& #39;re talking extravagance like Michael Jackson& #39;s crystal glove https://www.cips.org/supply-management/analysis/2018/october/equatorial-guinea-and-michael-jacksons-glove/">https://www.cips.org/supply-ma...
Oil has now fallen to NEGATIVE $4 for the spot contracts because they have run out of options to store it as it& #39;s being produced in the US. That& #39;s because global #COVID19 lockdowns and a slowing economy have cratered use, leading to a glut. https://www.cnbc.com/2020/04/20/coronavirus-us-oil-prices-collapse-as-storage-runs-out.html">https://www.cnbc.com/2020/04/2...
Wow, as I keep tweeting the price keeps dropping. It& #39;s now at NEGATIVE $10/barrel. My thoughts turning to Sudan, where a nascent transitional government is trying to navigate these waters after throwing out dictator & accused war criminal Omar al-Bashir https://www.hrw.org/news/2020/03/20/sudan-has-window-opportunity-west-shouldnt-squander-it">https://www.hrw.org/news/2020...
This #OilCrash is wild, but let& #39;s keep talking about human rights. In Sudan, there was already “no money,” said Hamid Eltgani Ali, a professor at the American University in Cairo. “That could be the biggest issue that& #39;s causing this transition to fail.” https://www.thenewhumanitarian.org/analysis/2020/04/16/Sudan-democratic-transition-economy">https://www.thenewhumanitarian.org/analysis/...
Already, the Trump administration has relaxed environmental monitoring during #COVID19 pandemic, what happens now when West Texas producers actually have to pay people to take oil off their hands. Who& #39;s watching to make sure it doesn& #39;t get dumped? https://www.hrw.org/news/2020/04/16/how-covid-19-could-impact-climate-crisis">https://www.hrw.org/news/2020...
For those who think this was a blip caused by the speculators, check @RogerDiwan who explains that there& #39;s a risk we see this happen all over again in a month if the economy & demand doesn& #39;t pick up. A lot depends on if COVID-19 stay home orders continue https://twitter.com/RogerDiwan/status/1252324713818394627?s=20">https://twitter.com/RogerDiwa...
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