People will sit in gridlock before taking the subway
Thats a big deal.
The US Shale revolution was comprised mostly of API 40+ which is basically Condensate not crude oil, thats why they exported so much of it. Once you shut those wells in the shale rock will begin to crush the fractures because of the higher pressures and also all the natural gas that came with it is now off the market, about 700 mmcf a day is being taken off the market so good news for canadian Nat gas.
2024 LNG comissioned, vaccines will be available for the second wave and thereby will stop it dead in its tracks.
People are buying used cars because they are cheap, the EV revolution is getting hammered because economics are turning to fossil fuels because of the historically low prices.
Low oil prices do one thing and one thing only - Kickstart the economy.
Heres to the few who stuck it out, selling at 7+ baby.
WOOOOOOO