Virus supplies worldwide comparison

[Cathie G]

Because of the lag in testing, the actual number of cases is probably at least 10x, if not much more (100x). It spread in the US basically undetected. Thats one reason downplaying the risk is so dangerous. It spreads without serious harm thru most people, and reaches the more vulnerable people. And why people are panicking now. How will people react in the next weeks if the US jumps from ~3k to 10k+ or more confirmed cases. Plan early or panic later.

That's the only thing that scares me. How people are reacting. I wash my hands constantly everyday...day in day out. I play with people and animals sooo...

 

[Cathie G]

Ok, here's what I don't understand - back in the '40s when my mom contracted polio we were quarantined in our house. They put a big red sign on our front door. We were told DO NOT GO OUTSIDE. DO NOT OPEN YOUR WINDOWS!!!!

So on TV news last night they showed film of quarantined folks in Italy hanging out their windows, singing their national anthem, the houses directly next to each other, unseen germs flowing out their mouths all over the neighborhood. What the heck???

Yes. Exactly.

 

[Markw84]

Mark, I just read this. It doesn't make any sense to me, economically speaking. Yes they are making less, but they are also paying less.

Example: If I'm buying tortoises at wholesale for $100 each and I need to make $50 per tortoise to pay all my expenses and turn a profit, then I charge $150. If the wholesale price of those tortoises suddenly drops to $50, then I'm able to sell them to my customers for $100 instead of $150, and I still turn the exact same profit per tortoise, while spending half as much up front. I'm not losing money at all.

If the price of Saudi and Russian crude drops, this just means that the gasoline companies can charge less, but they will still recoup their costs for transportation, storage, and refining all that crude, and still add on enough to make a profit. Why would they be taking a loss? They should be turning the same profit margin with less cash outlay at the beginning of the process.

For any business, having a drop in the price of source materials does not mean a lower profit. What am I not grasping here?

I know you are responding to the other Mark, but I had to chime in here...

The losses referred to are for the oil companies that themselves have to compete with the cost of oil from Saudi and Russia with their own crude oil production. It is not the retailer of gasoline. Far less than 1/2 the crude oil we use in the US is imported. So the bulk of our gas is coming from oil produced in the US. As the price of crude drops worldwide, the cost of gasoline drops. So, if the wholesale price of gasoline to the gas retailer is $2.00 arbitrarily, let's say the cost of the crude to make that gasoline is $1. If the price of crude drops to where the cost of imported crude would be now $.50 to make that gallon of gasoline, the US oil companies are now only getting the equivalent of $.50 in the price they charge for gas from the crude they are producing.

So with your example, it is not the comparison of the cost of tortoises you are buying at wholesale, but the ones you produce yourself. If you sell tortoises for $150 because the going wholesale price of tortoise is $100, and the wholesale price (going price) of tortoises drops to $50, you now do sell the tortoises for $100 but you are getting $50 less for the tortoises you produce yourself over what you used to get. Your business is getting $50 less for the production and sale of a tortoise.

 

[mark1]

Mark, I just read this. It doesn't make any sense to me, economically speaking. Yes they are making less, but they are also paying less.

Example: If I'm buying tortoises at wholesale for $100 each and I need to make $50 per tortoise to pay all my expenses and turn a profit, then I charge $150. If the wholesale price of those tortoises suddenly drops to $50, then I'm able to sell them to my customers for $100 instead of $150, and I still turn the exact same profit per tortoise, while spending half as much up front. I'm not losing money at all.

If the price of Saudi and Russian crude drops, this just means that the gasoline companies can charge less, but they will still recoup their costs for transportation, storage, and refining all that crude, and still add on enough to make a profit. Why would they be taking a loss? They should be turning the same profit margin with less cash outlay at the beginning of the process.

For any business, having a drop in the price of source materials does not mean a lower profit. What am I not grasping here?

you need to go back to the supplier , in your example , the tortoise supplier …….if he makes 25$ on every 100$ tortoise he sells after costs , when he sells them for 50$ he's losing 25$ per tortoise …….... the cost of getting the oil and refining it is set , it doesn't fluctuate much ………

 

[Tom]

I know you are responding to the other Mark, but I had to chime in here...

The losses referred to are for the oil companies that themselves have to compete with the cost of oil from Saudi and Russia with their own crude oil production. It is not the retailer of gasoline. Far less than 1/2 the crude oil we use in the US is imported. So the bulk of our gas is coming from oil produced in the US. As the price of crude drops worldwide, the cost of gasoline drops. So, if the wholesale price of gasoline to the gas retailer is $2.00 arbitrarily, let's say the cost of the crude to make that gasoline is $1. If the price of crude drops to where the cost of imported crude would be now $.50 to make that gallon of gasoline, the US oil companies are now only getting the equivalent of $.50 in the price they charge for gas from the crude they are producing.

So with your example, it is not the comparison of the cost of tortoises you are buying at wholesale, but the ones you produce yourself. If you sell tortoises for $150 because the going wholesale price of tortoise is $100, and the wholesale price (going price) of tortoises drops to $50, you now do sell the tortoises for $100 but you are getting $50 less for the tortoises you produce yourself over what you used to get. Your business is getting $50 less for the production and sale of a tortoise.

This makes sense. More like buying domestically produced tortoises at one price, while the imports are coming in at a cut rate. Domestic producers will lose money if they want to remain competitive. In fact, this is exactly how it happens with tarantulas, I recently learned. No incentive to domestically produce babies because they come in so cheap from over seas. I had trouble moving my green bottle blue babies, which normally sell for $80 retail, when I was trying to sell them at a wholesale rate of $20. Several people told me they could get them for $7 from over seas. I then asked how easy that was nowadays, what it cost to import them when all was said and done, what the mortality rates were, and why they didn't have any of those super cheap spiders to sell in their booth. They didn't like that much...

 

[smarch]

Hello. Glad to meet you. I'm new so I'm sure I missed you...?

Yeah I was more active around 2014-ish and when I started my last job in 2015 I got too busy to really remember to check in often.

 

[Blackdog1714]

It i

This makes sense. More like buying domestically produced tortoises at one price, while the imports are coming in at a cut rate. Domestic producers will lose money if they want to remain competitive. In fact, this is exactly how it happens with tarantulas, I recently learned. No incentive to domestically produce babies because they come in so cheap from over seas. I had trouble moving my green bottle blue babies, which normally sell for $80 retail, when I was trying to sell them at a wholesale rate of $20. Several people told me they could get them for $7 from over seas. I then asked how easy that was nowadays, what it cost to import them when all was said and done, what the mortality rates were, and why they didn't have any of those super cheap spiders to sell in their booth. They didn't like that much...

It is a rule of big business! The best business is one that can bully others! Just imagine if you really focused and increased your tarantula production 10x’s what it currently does. Then you sell at $6 so everyone wants yours and no one buys the others thus freezing them out of the market! By you focusing on profits ten years from now you can focus on covering your expansion costs now. Then in 10 years you ask $40 a tarantula and they pay since you are their only supplier! Just add me to your will! ?

 

[Tom]

It i

It is a rule of big business! The best business is one that can bully others! Just imagine if you really focused and increased your tarantula production 10x’s what it currently does. Then you sell at $6 so everyone wants yours and no one buys the others thus freezing them out of the market! By you focusing on profits ten years from now you can focus on covering your expansion costs now. Then in 10 years you ask $40 a tarantula and they pay since you are their only supplier! Just add me to your will! ?

One problem.

Who is going to feed 18,200 baby tarantulas twice a week for months on end?

 

[ZEROPILOT]

One problem.

Who is going to feed 18,200 baby tarantulas twice a week for months on end?

Did you ask Siri?

 

[Tom]

Did you ask Siri?

She found an exterminator website for me on the web.

 

[Blackdog1714]

One problem.

Who is going to feed 18,200 baby tarantulas twice a week for months on end?

So you corner the market on their food too! you could be a Tycoon of the weird and creepy things!

 

[Tom]

So you corner the market on their food too! you could be a Tycoon of the weird and creepy things!

The food isn't the problem, its the time. If you get a good system going you can feed and water about 100 baby spiders an hour. I'll let you do the math on 18,000+.

 

[Toddrickfl1]

I've actually been feeling pretty sick since yesterday. Went to the doctor this morning and lucky me it's not Corona, but tested positive for the flu!

 

[ZenHerper]

I've actually been feeling pretty sick since yesterday. Went to the doctor this morning and lucky me it's not Corona, but tested positive for the flu!

Congratulations...?

But seriously, take care of you.

((Hugs))

 

[Yvonne G]

My daughter is a cafeteria worker at a "title school." This means the school serves low income families and the kids get free breakfast and lunch. The schools are now closed until mid April, but they will still serve breakfast and lunch. The kids eat then go back home. So my daughter will still be getting a paycheck. I think if I were one of those parents I'd think of some other way to feed my kids rather than send them to school to possibly be exposed to the dreaded GERM!

 

[Blackdog1714]

Just found out that a coworker was exposed back on March 5th, 2020. I have been in close proximaty (Car rides, meeteings) numerous times since that date. She presented sick on Friday and described it as her usual spring crud which I have witness numerous times over the years sooo didn't think a thing about it. UNtil the email went out today and well she is going to get tested. Fingers crossed my allergies are just that, I could stand to lose a few pounds, but thanks to my wife I have more days a week with exercise than without. Saturday she had me playing doubles for 4 hours

 

[Yvonne G]

Just found out that a coworker was exposed back on March 5th, 2020. I have been in close proximaty (Car rides, meeteings) numerous times since that date. She presented sick on Friday and described it as her usual spring crud which I have witness numerous times over the years sooo didn't think a thing about it. UNtil the email went out today and well she is going to get tested. Fingers crossed my allergies are just that, I could stand to lose a few pounds, but thanks to my wife I have more days a week with exercise than without. Saturday she had me playing doubles for 4 hours

This is what I don't understand: Every time you watch "The Prez" giving a news conference the reporters always ask if he's going to be tested. The part I don't understand is how does a test tell you if you have a bug if you don't have a fever yet? How can they test a perfectly normal feeling person when he's not showing any symptoms and still get a good result from the test?

 

[Markw84]

This is what I don't understand: Every time you watch "The Prez" giving a news conference the reporters always ask if he's going to be tested. The part I don't understand is how does a test tell you if you have a bug if you don't have a fever yet? How can they test a perfectly normal feeling person when he's not showing any symptoms and still get a good result from the test?

The test determines whether the virus is present in your system. If you've been exposed and do get sick, it can take a few days to over a week for you to actually start showing symptoms, but the virus is in your system trying to multiply. You could actually have the virus in your system and never get sick as you body was successful in fighting it off. In that case the test would still show you are positive when the virus is in your system

 

[Blackdog1714]

That's what makes this bug so pesky! Unless you are immuno comprimised our have heart/lung issues you may never present with symptoms especially when you are contagious!!! What a bad bug!

 

[Maro2Bear]

This is what I don't understand: Every time you watch "The Prez" giving a news conference the reporters always ask if he's going to be tested. The part I don't understand is how does a test tell you if you have a bug if you don't have a fever yet? How can they test a perfectly normal feeling person when he's not showing any symptoms and still get a good result from the test?

Which is why, with low testing we have few ppl with corona. The more tests that become readily available and given, the more positive Corona viruses we will see. Numbers of infected ppl will rise as testing increases.