It will be bad. I hope we won't see the oil prices crashing for a long time?
4 replies (most recent on top)
The 2014-15 crash was about the Saudi’s taming shale.
With COVID, ESG, enviros shake is tame enough. US production won’t reach 13 million before 2024 (if ever). Shale is now in its mature phase.
What crash.
Oil, market, economy. There are several potential crashes that are about to happen but could play out for a while depending on how the government handles it
All it takes is the Saudis to want lower prices (for market share), the price will plummet. We've seen this over and over again.
upstream is here to fund the new energies business growth so that eventually the price of oil won’t matter as much