Ain’t that funny. Just two weeks ago the news cycle was full of obituaries for oil and now the industry is flush again. What happened to longer-term thinkers. What happened to proper analysis. Because anyone doing that would have known that this can be nothing but a momentary jolt down. people still need energy and want to go on with their lives. COVID-19 won’t change that. In two years we will have new disaster porn to get heated on. Looks like most humans cannot live without drama. I can.
Oil rose above $30 a barrel for the first time in two months as producers in the U.S. and elsewhere continued to cut activity.