BLOOMBERG: Bulls Beware: The 2020 Oil Market Is Quickly Turning Ugly

[Falcon + 222]

3 hours ago, Mike Shellman said:

 

There is about four shale oil cheerleaders here that make me want to move to Costa Rica.  

 

 

I don't understand why many are for price fixing (stabilization).  Capitalism has worked so well.  

Costa Rico is a great place to live.  Some awesome bill fishing.

Edited June 11, 2019 by Falcon

[Ward Smith + 6,615]

20 hours ago, Mike Shellman said:

Oil prices will never be stable again

When pray tell, were oil prices ever stable? I'm almost 60 and can't remember it in my lifetime. I can remember it being less than $10 and more than $140. Does that equate to "stable"?

[Douglas Buckland + 6,308]

@Mike Shellman

Just as an aside, this nonsense has decimate the international onshore drilling arena as well. Much to my chagrin.