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re: Update, May crude oil futures now down to under $12
Posted on 4/20/20 at 6:17 am to Tonio
Posted on 4/20/20 at 6:17 am to Tonio
quote:
Saudi Arabia can act like it ain’t no thing, but they are motherfricked if this keeps up.
If they we in such terrible shape they would just cut production. Their long term goal is working so far. Hurt other oil producers, particularly shales, and buy up stocks of oil companies at low prices. Once they cut production oil prices will go back up and those stocks will likely recover.
Forbes
This post was edited on 4/20/20 at 6:19 am
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