Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (156772)	4/20/2020 8:15:17 AM
From: Secret_Agent_Man	Read Replies (3) \| Respond to of 218039

$11.27/bbl now

To: TobagoJack who wrote (156772)	4/20/2020 8:36:23 AM
From: stsimon	Read Replies (1) \| Respond to of 218039

If I am correct that transportation demand and business demand for oil is not likely to return to former levels anytime soon, if ever, and given the cost of permanently shutting in an oil well, I would expect the oil glut to last a very long time. I suspect that there will be a lot of see through buildings in Houston as once again the industry goes through a dramatic downturn. Bargains to be had eventually. Of course, as Keynes correctly pointed out, in the long run we are all dead....