Free Fall, Oil Prices Go Negative
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04-21-2020, 05:05 PM
Post: #5
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RE: Free Fall, Oil Prices Go Negative
Ah!
Politics, I will not sacrifice my overproduction (devalue oil) until my competitors can no longer explore or support production that costs 30$ per barrel. The Saudi’s have been oil production warring with the Russians for the last year knowing that Russian, American, Canadian ... oil costs more to produce then they can sell it for as long as the Saudis are flooding the market. Geoff So no where to store it, crazy world. |
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