[tatown]

I’m sitting in the heart of the O&G industry here in Houston and work for a controls company so yeah I get it.

Global supply is a huge problem but we are limited in what we can do about it in the near term. Demand, on the other hand, would be helped greatly by ending the lockdown. Adding a few millions bbls/day back onto the demand side would relieve a bit of pressure.

[magna carta]

We have to drive to Tyler weekly to remodel our home so we of course love this price drop. It would be great if all that oil/gas could somehow benefit the flailing airline industry, instead of a straight cash deal for employees. Not sure what airplanes need for refined fuel either.

[trebb]

Agree with that - the big question is when demand goes up enough to take care of current glut and then start requiring new oil to be taken from the ground...the current situation is going to linger for a while....and phased openings of various economies, and those sporadic increases in petroleum demand, will only serve to prolong the ill effects.

Been doing my part by getting out on the road, but I'm still only using gas at 50% or maybe even a bit less, than my usual consumption.

Trump's plan to top off the reserves will only make a small dent in the current glut...if the Dems don't try to stop that too.