U.S. Senate
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(D) J. Hickenlooper*
(R) Somebody
80%
20%
Governor
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(D) Phil Weiser
(D) Joe Neguse
(D) Jena Griswold
60%
60%
40%↓
Att. General
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(D) M. Dougherty
(D) Alexis King
(D) Brian Mason
40%
40%
30%
Sec. of State
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(D) A. Gonzalez
(D) George Stern
(R) Sheri Davis
50%↑
40%
30%
State Treasurer
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(D) Brianna Titone
(R) Kevin Grantham
(D) Jerry DiTullio
60%
30%
20%
CO-01 (Denver)
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(D) Diana DeGette*
(R) Somebody
90%
2%
CO-02 (Boulder-ish)
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(D) Joe Neguse*
(R) Somebody
90%
2%
CO-03 (West & Southern CO)
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(R) Jeff Hurd*
(D) Somebody
80%
40%
CO-04 (Northeast-ish Colorado)
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(R) Lauren Boebert*
(D) Somebody
90%
10%
CO-05 (Colorado Springs)
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(R) Jeff Crank*
(D) Somebody
80%
20%
CO-06 (Aurora)
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(D) Jason Crow*
(R) Somebody
90%
10%
CO-07 (Jefferson County)
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(D) B. Pettersen*
(R) Somebody
90%
10%
CO-08 (Northern Colo.)
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(R) Gabe Evans*
(D) Yadira Caraveo
(D) Joe Salazar
50%
40%
40%
State Senate Majority
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DEMOCRATS
REPUBLICANS
80%
20%
State House Majority
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DEMOCRATS
REPUBLICANS
95%
5%
April 20, 2020 06:40 AM UTC
16 Comments
My version of today’s quote was: “I’d rather reveal my ignorance than perpetuate it.”
Colorado stats are looking hopeful due to social distancing and stay at home directives. Although yesterday's mass idiocy at the Capitol could result in a mini-boom in two weeks where ever they call home.
. . . . . . . . .
Cases* – – – – – (Deaths)
760,570 US (40,702)
200,210 Spain (20,852)
178,972 Italy (23,660)
154,098 France (19,744)
145,743 Germany (4,642)
121,174 United Kingdom (16,095)
86,306 Turkey (2,017)
83,817 China (4,636)
83,505 Iran (5,209)
47,121 Russia (405)
39,983 Belgium (5,828)
39,144 Brazil (2,484)
36,039 Canada (1,626)
33,588 Netherlands (3,764)
27,944 Switzerland (1,406)
20,863 Portugal (735)
17,615 India (559)
*Confirmed cases of Covid-19, not cases of swabs . . .
Nice story on our local hospital:
The view from a hospital on Colorado’s Eastern Plains as it works to avoid being overrun by coronavirus
".. which is actually fairly robust for the rural reaches …"
This is the kind of socialism Americans like.
Not Stalinsim.
Oil just hit $2.35 per barrel. It might even go negative (paying us to drive?). Strange days indeed.
Now that's an idea! Pay me to drive for a few months and then maybe I'll buy an electric car.
12:11 PM $0.59
https://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
I have no idea what a front month future is…
Well…
front month:
nearest expiration date for a futures contract
April futures contracts have already settled or ended
So, May was next. Making May the front month contract, and when they expire , June becomes front month
(far month or back month
In futures and options, the longest settlement or expiration month of a currently traded contract.)
futures contract
legally binding agreement to buy or sell something, usually used to described a contract to exchange a particular commodity asset, or security at a set price and time in the future. Exchange traded futures contracts are standardized for quality and quantity and delivery terms.
The buyer of a futures contract is taking on the obligation to buy and receive the underlying asset when the futures contract expires. The seller of the futures contract is taking on the obligation to provide and deliver the underlying asset at the expiration date.
Exchange traded options are similar, except the buyer and seller are not obligated to buy or sell – they may or may not. Optional
Buying the May oil contract today resulted in the seller paying the buyer.
Which the sellers were willing to do because they estimate the cost to them of doing something with the oil they control was higher – cuz whatta are they going to do ? put it back int he ground?
If the Oklahoma storage and pipelines really are full… it’s gonna be a mess. I blame Russian oligarchs. and Trump. And OPEC. And Halliburton. and others.Perhaps some of that is redundant
Now at -$6.52
Yes, a negative $6.52 a bbl
Make that negative -$35. (It's changing by the minute.) Yikes. I remember the 1980 oil crash that destroyed Denver's real estate market. Since then, it's said that Denver has a much more diversified economy. Maybe, but there is still a huge oil and gas economy here. Hold onto your condos, folks.
In all fairness, it's a 1-day thing, with futures contracts for May delivery expiring today. Nobody wants to actually take delivery.
Longer term futures are still in the 20s.
For how long?
Ie- where will the Jun or Sep contract close this week? Or bottom?
a. 20s
b. 40s
c. positive but less than 10
d negative.
Much of that will depend on how swiftly and efficiently the producers shut in the facilities. They will have to completely shut down their production streams, all at once, including the wells. There is no storage and demand is going to increase only very slowly. They will recover a portion of their market simply because gasoline is going to be cheap for a while.
In the long run, though, they are Fucked…(notice the capital F). The fact that this sort of disruption is possible, will continue to unsettle an industry that was already on a knifes edge of massive debt. This sort of disruption is unlikely with a national energy regime based on renewable/sustainable sources and distributed generation. I suppose the Yellowstone supervolcano may someday present a problem, but you get my point.
The news printing business, as an example, is a recent casualty of modern life…welcome to the past, Oily Boyz.
I just saw -$35 before it bottomed out.
When people no longer believe your lies and distortions — get someone else to say it for you!