Looking at the Oil and Natural Gas markets today it looks like a blood bath
$30.80 down 26%
Nat Gas $1.64 down 4.33%
Saudis going to pump 10 million bbls a day to depress prices even more maybe below $20.00
Trump loves it all he sees is cheap gasoline who cares about anything else workers,royalty owners,landowners etc
Well I think this time the chickens are coming home to roost
Try to talk the market up some more
Cut interest rates quick
Just saw a client yesterday in Georgia. Said he was taken off the job with 7500 other workers and had to come home. I asked where do you work. He said currently Monaca PA. Of coarse ended up he was working the build out of the cracker plant. Everyone sent home because of Corona Virus. Didn’t know when they will go back. Many are waiting to see if they can travel to Africa to work on LNG plants there until PA opens back up for business. The good news is he says the cracker plant down the Ohio River will get built. Phase one preparation is almost complete.
NAt GAs will come roaring back within a year or so .........
I agree and went Saudi's and Russians"s stop the price war oil will also go back up once this Virus is gone.
Local reports said it was just a three or four day shutdown.
Don’t know. He’s crew supervisor and drug his huge 5th she’ll camper home. Maybe other crews crews will be back soon.