Big Oil’s Nightmare Is Coming True

Self-fulfilling prophecy or panic mode. I can sense the stench of fear as the green industrial complex starts to feel the squeeze. They need to spread ever more fear that oil companies will default so people see them as a beacon of stability. When in fact they are the biggest cash shredders we have ever seen. 2020 will enter history as a year of extremes but worry not, oil will go up again. Not as high as some delusional analysts believe but we will be back in the 60ies, or 70ies. And that will be enough for many shale companies to drill baby drill. But a more volatile world will kill many projects that needs many years of preparation before the drillbit can start rotating.

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