The rag heads are also putting pressure on the US producer’s.
What I don’t understand is why very little noise from Washington about this. Obviously, oil was going down with the global lock down. But what Saudi is doing threatens more than just the U.S. oil companies. Combined with the virus, this could lead to global fighting. I have to believe the Trump admin believes this is in our best interest long term, or surely he would be tweeting about it.
My employer started major layoffs and furloughs this week.