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re: Oil down to 17 dollars bbl
Posted on 4/20/20 at 9:15 am to GeauxFightingTigers1
Posted on 4/20/20 at 9:15 am to GeauxFightingTigers1
quote:
some of this demand never comes back
I wouldn’t bet on that. There are still billions living in poverty whose energy demand is increasing. This will a blip (much larger blip than in the past I agree) on the overall march higher in consumption. We won’t see peak oil demand until beyond 2040. We’ll consume more in 2022 than we did in 2019.
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