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Old 9th May 2020, 16:33
  #63 (permalink)  
SLF3
 
Join Date: May 2000
Location: London, UK
Posts: 391
Received 7 Likes on 4 Posts
In my case, because my assumption was that your colleagues generally believe what they write. And if they do, many of them are (in my view) delusional.

Oil demand is down about 25%. If the US and Saudi shut in (about as likely as pigs learning to floss) there will still be an excess of supply over demand. Hence WTI went negative and oil now at $20 - 30 /bbl with no visible floor. So we are well and truly *****d as well. Since the last oil price crash 160,000 people have left the UK oil and gas industry. We did not get a lot of sympathy, just had to deal with it. As will you.
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