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Adam Montana: "The world isn't going to stop using oil. Not even COVID-19 can make that happen."   I_icon_minitimeMon Jan 08, 2024 4:48 pm by Ponee

Adam Montana: "The world isn't going to stop using oil. Not even COVID-19 can make that happen."

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Adam Montana: "The world isn't going to stop using oil. Not even COVID-19 can make that happen."   Empty Adam Montana: "The world isn't going to stop using oil. Not even COVID-19 can make that happen."

Post by Ponee Wed Apr 15, 2020 9:09 pm

Adam Montana 


 ...OIL is currently under $20 (WTI), which is unsustainable on many levels. The largest OPEC production cut in history was agreed to on Sunday, in an effort to get prices moving up again... the markets don't seem to be reflecting that yet, but I have no doubt that OIL will go back up.  


Here's the bottom line:  


1. The world isn't going to stop using oil. Not even COVID-19 can make that happen.  


2. OIL will never be free. Period, end of story, that's "all she wrote". Oil will never be free. With Iraq being in the top ranks of all OIL producing/selling/exporting countries in the world, it has a lifeline that will never go away. 


Not in our lifetimes, anyway!




04.15.2020


Last edited by Ponee on Mon Apr 20, 2020 8:36 pm; edited 1 time in total
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Post by Sam I Am Mon Apr 20, 2020 5:56 pm

U. S. Crude Oil Futures for May Plunge to Minus 37 - Lowest Price in History.

https://www.nbcnews.com/business/markets/oil-prices-tumble-lowest-level-1980s-n1187716
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