That is not entirely true, that is fake news. Dear spouse is still producing and selling to RD Shell under contract, not futures contract. And I / We have been through Customs Security with Black Hawk helicopters to an SPR watching RD Shell deposit 2 Million barrels into a natural Salt Dome storage SPR. With the middle east fighting with Russia and dumping oil, traders have been shorting into the selling.
Trust me, dear spouse's 15 clients are all in the upstream biz and deal constantly with midstream transportation every day. And while working from home, they had a BoD meeting yesterday and dear spouse had it on conf. speaker, and I could hear the BoD. They are not buying fake news, they are debt free and are not concerned. But that is fine when the CEO is worth or was worth $37 Billion a month ago.
I have not asked, but fairly certain their reserves/assets will have to be impaired. Dear spouse likes to talk biz and on other days does not.
