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Julius Erving

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Julius Erving

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Monday, 04/27/2020 5:00:12 AM

Monday, April 27, 2020 5:00:12 AM

Post# of 361171
Long term good news:

The effects of the current crisis will be felt over the long-term. According to Rystad Energy, global oil supply will be 6 percent lower in 2030 than it otherwise would have been due to the current cutbacks in spending. Roughly $195 billion in non-shale projects have been delayed, Rystad said.



Less supply = higher oil price.

https://oilprice.com/Energy/Crude-Oil/Big-Oils-Dilemma-Cut-Dividends-Or-Cut-Operations.html

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