RE: Trump to meet US oil execs re aid/possible tarrifs on Saudi1 Apr 2020 20:47
The Texan.
I see it like this. If WTI stays at $20 for even a few months oil Companies are going to be going bust on a daily basis, all over the World. Trump and his team know this. In fact Russia, Saudi and just about every country that produces oil must know this too. Something simply must be done to prop the price up to minimum say WTI $35. Trump will somehow help out the USA oil Companies at minimum I'm sure but ideally we need USA, Saudi and Russia on board. Bottom line is something MUST be done. I really think it will.
All IMHO.