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Re: Macod post# 15585

Thursday, 07/09/2020 12:54:38 PM

Thursday, July 09, 2020 12:54:38 PM

Post# of 41619
Heck ya - 30% was the original though, so $1.8B down to $1B.

I’m more than good with this negotiation as well.

Also, I’m among those fully confident the new pipelines will be back on the table in no time. I say this because oil demand has rebounded faster than anyone expected. Most of the progress has already happened and EIA forecasts the recovery to continue this rapid recovery through the end of 2020. 2021 shows a much more normal and gradual increase in global consumption and supply. You can see the chart here:


https://www.eia.gov/outlooks/steo/report/global_oil.php