Oil price plunge due to demand destruction can not sustain. There are only two scenarios that can put oil price into a secular bear market: 1. major new supply of more oil production, 2. substitute cheaper energy
We don't have the two scenarios happening, so forget about sustainable cheap oil prices.
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Oil price plunge due to demand destruction can not sustain. There are only two scenarios that can put oil price into a secular bear market: 1. major new supply of more oil production, 2. substitute cheaper energy
Aug 10 21:31 pm
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All Comments by User 143167 »The Crude Reality [View article]
We don't have the two scenarios happening, so forget about sustainable cheap oil prices.