USOIL - LONG LONG AGO.. I MEANT LONG!
Pandemic had started, firstly airlines and tourism stocks fell down and so crude oil..
Suddenly all the world agreed on one thing without conflict, Green Energy. What a peaceful world, isn't it?
Wells had been closed desperately and green energy producers did a rocket departure frantically. Greens' had been funded by the banks which they believed it was the new and only truth.
Lots of crude oil companies went bankrupt.
Some of them changed their way due to there was no more credit to invest or to cover their debts from the financial institutes.
For being time no lockdown anywhere!
Green energy is far away to support all the demand.. and needs much time, more investment more and more..
Even more I assume 99.99% of the world is not able to consume the green energy but crude oil!
The problem is, most of the wells were closed already. It was easy to close it but to create a new one? It costs a lot money, people and time.
"Goldman expects crude inventories to drop to lowest since 2000."
And USOIL saw $146 in 2008.
Will we see there again?
I believe we will see $110 at least, we'll see together.
Suddenly all the world agreed on one thing without conflict, Green Energy. What a peaceful world, isn't it?
Wells had been closed desperately and green energy producers did a rocket departure frantically. Greens' had been funded by the banks which they believed it was the new and only truth.
Lots of crude oil companies went bankrupt.
Some of them changed their way due to there was no more credit to invest or to cover their debts from the financial institutes.
For being time no lockdown anywhere!
Green energy is far away to support all the demand.. and needs much time, more investment more and more..
Even more I assume 99.99% of the world is not able to consume the green energy but crude oil!
The problem is, most of the wells were closed already. It was easy to close it but to create a new one? It costs a lot money, people and time.
"Goldman expects crude inventories to drop to lowest since 2000."
And USOIL saw $146 in 2008.
Will we see there again?
I believe we will see $110 at least, we'll see together.
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