Not funny anymore
- Feb 6, 2008
- Reaction score
Its having quite an effect on the Stock Markets.
Oil and power companies are about 20% down today.
Not just because of that Virus, but also because Russia is having some beef with the USA and Saudi-Arabia about the production rates in the OPEC. Saudi-Arabia wanted to reduce the oil production to keep the prices up, Russia refuses, so Saudi-Arabia is now flooding the market with more cheaper oil, for making Russian oil less profitable and make Russia agree to a mutual reduction to make production profitable again.
Of course, assuming that Russia does blink first and not lets Saudi-Arabia drain its already limited reserves....