Talking Points: May 18,2020

May 18, 2020

Global energy demand is expected to fall by 6% this year, seven times the decline brought by the financial crisis 10 years ago. IEA projections show oil and gas being hit hard, but demand for coal could fall by an extraordinary 8% – the largest decline since World War II. NPR, April 30, 2020

At least 89 coronavirus vaccines are under development around the world, with seven now in human trials. Pfizer says that if its vaccine proves safe and effective, it might be available on a limited basis as early as September. The most quickly developed anti-viral vaccine to date was the one for mumps, licensed in 1967 after four years of research. International Business Times, April 30, 2020

People touch their faces about 23 times an hour.Marketwatch, April 4, 2020

“A cynic is not merely one who reads bitter lessons from the past; he is one who is prematurely disappointed in the future.” Sydney Harris

Government data has shown that US traffic deaths fell in 2019 for the third straight year, even as overall road use increased. Reuters, May 5, 2020

Exxon Mobile lost $610 million in the first quarter, its only loss since 1988. With plunging global demand and collapsing prices, earnings from its oil and gas production fell 91% from a year ago. Reuters, May 1, 2020

“The only thing new in this world is the history you haven’t read yet.” President Harry Truman

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