Yesterday the price of a barrel of U.S. crude fell into negative territory for the first time in history. Stockpiles of oil have overwhelmed storage facilities. Buyers were being offered something like $38 U.S. to take the oil off the hands of the sellers. Totally weird.
Take a look at parking lots. Compared to how they looked a couple of months ago, they are empty. People are not driving, planes are not flying, and oil is not being used. But the air is cleaner.
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