TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Apr 29, 2020 7:03pm
178 Views
Post# 30968960
RE:RE:stupid
RE:RE:stupidMRBB:
In a few years, we may look back at Covid 19 as the saviour of the global energy industry.
The virus has forced the energy industry around the World to make major concessions on reducing production, something that the industry simply refused to do on its own.
It wasn't just OPEC+ either, Canada and the USA have overloaded the supply side with continuous expansion financed by money they didn't have. Canadian production has doubled in the last decade so we weren't innocent either.
I think the worst will be over in the next month as China is starting to come back on-line with the USA to follow within the next 90 days.