RE: Oil Prices Are Only Going in One Direction8 Nov 2020 22:32
Totally disagree.
Maybe not tomorrow, but there will be an equal and opposite reaction.
Can't say when but I'm thinking some time from a year after a successful vaccine.
It will reach its' highest price yet.
All the rhetoric about 'renewables' is great, but that will take time.
While Swampy's working in vain on that, the continuing birth rate will increase demand even further.
Maybe in a decade (I think two) there might be a reversal, as new tech makes fossils redundant.