Quote Originally Posted by Seran View Post
Oil opened down 3% and has continued to spiral another 6.5% to $97 a barrel as further evidence of demand destruction by lower June and July travel figures start to come in and analysts react to China clamping down over covid-19 again.

ExxonMobil's CEO stepped up to the plate and declared by 2040, all vehicles worldwide would be electric. He stated that the petroleum industry would be unaffected as the overall effect of demand would have worldwide consumption levels near to what they were on 2012-2013. Quite the interesting prediction.
Let us know when it gets below the price it was at when Biden took office.