Financial Times: First Nominee For The 2020 Geico Rock Award -- January 8, 2020

New Nominees

Steve Liesman: pandemic hitting mom-and-pop retail really, really hard. 

China's Xi Jinping: noted that coronavirus has become a problem.

Rudy Gobert, Utah Jazz, NBA: missed the memo on coronavirus.  

Javier E. David, Yahoo!Finance: surprised that Boeing reported a loss.

Original Post

Wow, that happened quickly. We already have our first nominee for the Geico Rock Award for 2020. Somehow the Financial Times completely missed the US shale revolution that began in 2000. This may be the all-time best example of what the Geico Rock Award is all about. 

This article was brought to my attention by a reader. A huge "thank you."

The Financial Times asks this question: Why have oil prices failed to rally despite the tensions in the Middle East? And then provides five reasons:

• the crisis is expected to de-escalate;
• oil tanker groups are taking a wait-and-see approach;
• OPEC and allies can increase supplies;
• oil prices are already high;
• higher price = higher supplies;

Anyone paying attention can see what a joke this article is. LOL.

The article is behind a paywall but going through google will probably get you to the article. 

It's hard to believe that the Financial Times could publish such an incredibly poor article.