Can't get much gloomier. I had forecast somewhere on here $20 per B previously, & it's heading that way.
In fact, there's really nothing now to stop it falling to $0 - $10 bracket. Imagine that - oil at $0.01!
I'm almost tempted to say the sooner Abdn/NE rids itself of the oil industry to allow a reset of its economy now, the better. Lots of pain yes, but you do wonder...
I doubt we'll get much help from Govts (many don't know where we are) so any help will have to come from within, as Sir Ian Wood is trying to do.
As for ABZ... well, more of the same really. Bet Ferrovial are glad they bought it!!
