RE:RE:Brent Oil Prices at 1999 levels...Not that it's a realistic scenario, however, if the demand is down 20% which is a figure I've seen thrown around and OPEC/Russians cut production down by 100%, I think the supply glut disappears pretty fast and prices increase dramatically.
It's important to understand that demand has not and will not go away altogether. Also, with the Russians now getting hit pretty hard by COVID-19 cases and Saudis also going through the same thing that the rest of the world is going through, the supply side of things isn't necessarily as guaranteed as we might think for the same reasons that the demand side is so weak.
My $.02,
MJ