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You are really uninformed if you don't think a low oil price benefits China, which has to import almost 100% of its oil versus net producers like the U.S.
Their economy is kaput.
Even NASA can tell by the lack of various nitrogen oxides emanated from trucks in their cities.
When their economy limps back, it would help tgem; “if and only if” the oil producers don’t yank the prices back up when that happens (supply and demand).
Their economy is kaput.
Even NASA can tell by the lack of various nitrogen oxides emanated from trucks in their cities.
When their economy limps back, it would help tgem; “if and only if” the oil producers don’t yank the prices back up when that happens (supply and demand).
not only that, lower oil prices - depending on how low they do go - will reduce\idle fracking operations...could take the U.S. out of the “net” producer category?