‘Devastating’: Oil’s Epic Wipeout Begets A Sad Fatalism
“This is a great time to buy oil”, the president added.
“This is a great time to buy oil”, the president added.
“…demand in 2020 will fall by 9.3 million barrels a day, erasing almost a decade of growth.”
“…as investors’ focus turns to the real economy a reality check or two remains in the cards.”
“The world has indeed changed”.
There’s plenty to be concerned about. Or excited about, depending…
I just don’t know anymore.
“There is light at the end of the tunnel but it’s still a long tunnel”.
“Oil is at a record low. It’s actually lower than you even think”.
“It’s hard to get a straight answer from anyone right now”.
“I expect and hope that they will be cutting back approximately 10 Million Barrels”.
China will take Steve Mnuchin’s advice: “Let’s go out and buy.”
“…carbon-based industries sit in the cross-hairs as they have historically served as the cornerstone of social interactions and globalization”.
Trouble in petro paradise.
“This is the most difficult crisis in our post-war period”.
This was always the worry. But no one ever took it seriously.
“They’re in a fight”.
Central banks in the region are spending nearly $50 billion in the virus fight.
Platitudes.
And they’ll do more, if necessary.
Of course, all of this will fall short if politicians do not step up with adequate measures.
“…not randomness run amok, but an essential instability to changes in initial conditions”.
Things have changed.
Suffice to say some folks are concerned – palpably.
 “Welcome to the free market”.
“I will be here tomorrow afternoon to let you know.”
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