[Ipg-smz] Oil price brushes $10/bbl
Tom Henderson
thenderson at extremelabs.com
Mon Apr 20 13:38:49 UTC 2020
We now know the approximate storage supply of the world's oil tanks. And
how desperate some are to sell oil.
The current prices is less than one-sixth the price of just 75 days ago.
The next time you hear Texas tears, laugh in their faces. If you can
wrap your mind around how we've been played for the past decades, say
since the 1960s, there should be no mercy. If nothing else, COVID-19 has
murdered the oil economy.
In certainty, the economies will restart, but it will be slow and we'll
have secondary++ infection cycles that will dampen growth for a long
time. We might be able to keep the stake in the heart of the oil barons,
and their rotten influence on world politic.
Tom
--
Tom Henderson
ExtremeLabs, Inc.
+1 317 250 4646
Twitter: @extremelabs
Skype: extremelabsinc
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