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economy

Demand shock for oil producers


Woolfsmck

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Woolfsmck

https://oilprice.com/Energy/Energy-General/Goldman-Sachs-Prepare-For-A-Massive-Oil-Demand-Shock.html

Even after the virus threat subsides...I expect a permanent shift in the way most people view transportation as well...

A lot of people are working from home and don't go anywhere unless absolutely necessary.. 

This is most likely how a large segment of the economy will run from now on...

The result is a permanent drop in oil demand,   globally...combined with Russian and Saudi competion for the oil market it spells an extended period of low oul prices...

like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true
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This is good!! Lower gas prices and hopefully less traffic after this when people stay in a bit more 

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Woolfsmck
1 minute ago, brownie said:

This is good!! Lower gas prices and hopefully less traffic after this when people stay in a bit more 

Oil companies will have less of a strangle hold on the economy is what I'm hoping...less influence on legislation too.

like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true
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Chromatic Lover
54 minutes ago, brownie said:

This is good!! Lower gas prices and hopefully less traffic after this when people stay in a bit more 

:triggered:

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RAMROD

:billie:  Nah. y’all be shooked when congested traffic is at it again, or even worse than before once all these over. 

 

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