Putting pressure on oil markets as well. And marie hoarder me for more. Walk us Annmarie Hordern joins me for more. Walk us through the veracity of the selloff, and does it last . Annmarie the next 24 hours is going to be quite bumpy for this may contract. Basically, it is Financial Derivatives meeting the physical oil market and what we are seeing on the storage side. If you are not out of this position financially and you are a futures trader, you have to accept the physical oil. The problem is, theres really nowhere else to put it. Look at cushing. That storage is quickly filling up, and that is the main hub in the United States, where you have pipelines to canada, the midlands, or the gulf. The may contract now trading at , which3, plus contango means if you look at the june contract, trading at about 23 a barrel, it is about a nine dollar differential, the most on record. If you look down the table of what you see for june, july, august, the prices are certainly higher on the futu
I dont want to be muted because the people need to speak. For those of you who are just joining you, this is the march 17th, 2020 Commission Meeting and were doing this for the first time using microsoft. Please excuse us if we have any technology issues. This process may be different than we normally do. If i may, i may move on to item 2, the approval of the march 3rd, 2020 minutes. Do we need to do a call to order and role call . Yes, thank you. So ill start with you, commissioner. role call . Well move on to item 2, the approval of the march 2 minutes. Reviewing the minutes of the previous meeting, does anybody have a motion to approve . So moved. Second. All those i in favor . Do we need to do a role call . role call . Thank you. Item 3, the directors report. The directors report is in front of you and i would ask that if you have any questions, of course, im happy to answer them, but given that the majority of our meeting with focus on covid19, i will not need whats in front of yo
Issue for us. Its a key issue, as you know, across the country right now within our Public Health lab under the direction of dr. Susan philip and theyve done an amazing job of implementing testing. Our capacity is relatively small and theyre having to prioritize testing the people who are most in need of testing, requirementy symptoms in the hospital, at high risk for firstdegree exposures and then healthcare workers. So were really focusing on those flee populations 03 thre. To give you an idea of how our daytoday is going right now, were injecting a capacity of a days worth of test or at the best, a weeks worth. And so were getting tests delivered to us by the cdc in the very challenging fashion because were simply not able to be assure ed this either w assuh tests to last for months or to expand our capacity to run 24 hours a day. So thats within the dph side. Within our Public Health lab side. Were also working with private labs including Quest Diagnostics in our Health Network and
This process may be different than we normally do. If i may, i may move on to item 2, the approval of the march 3rd, 2020 minutes. Do we need to do a call to order and role call . Yes, thank you. So ill start with you, commissioner. role call . Well move on to item 2, the approval of the march 2 minutes. Reviewing the minutes of the previous meeting, does anybody have a motion to approve . So moved. Second. All those i in favor . Do we need to do a role call . role call . Thank you. Item 3, the directors report. The directors report is in front of you and i would ask that if you have any questions, of course, im happy to answer them, but given that the majority of our meeting with focus on covid19, i will not need whats in front of you, but im happy to answer any questions you see fit to raise at the time. Any commissioner questions . Im not receivining a Public Comment request. Commissioners, if not, we can move on to the next item. Item 4, the coronavirus update. So good afternoon, c
Technology issues. This process may be different than we normally do. If i may, i may move on to item 2, the approval of the march 3rd, 2020 minutes. Do we need to do a call to order and role call . Yes, thank you. So ill start with you, commissioner. role call . Well move on to item 2, the approval of the march 2 minutes. Reviewing the minutes of the previous meeting, does anybody have a motion to approve . So moved. Second. All those i in favor . Do we need to do a role call . role call . Thank you. Item 3, the directors report. The directors report is in front of you and i would ask that if you have any questions, of course, im happy to answer them, but given that the majority of our meeting with focus on covid19, i will not need whats in front of you, but im happy to answer any questions you see fit to raise at the time. Any commissioner questions . Im not receivining a Public Comment request. Commissioners, if not, we can move on to the next item. Item 4, the coronavirus update. S