RE:THE CGX JINXWhy does oil need to go down to $20? We are nearly 2 million bbls/day lower in production here in the US vs last year, we have been drawing inventories consistently week after week, producers are maintaining low levels of capex through next year. If anything, if oil does go back to $20 ( which the front of the curve will take the hit), the long term prospects of this play will be amazing. Crude oil will have to price so high to bring on production once covid is gone and demand comes back.