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AvatarBob Smith
Post count: 104

It is interesting what is happening to oil and energy.

The climate change people have their thumb on the scale and the covid-economy is pushing down demand. In a year plus when the economy perks up more people will be putting gas in their tank.

With covid I quit my job and have a lot more leisure time, I drive quite a bit more to the beach. I parked my ¾ ton diesel and drive the new 4 cylinder turbo. The roads have many fewer vehicles.

Meanwhile the oil producers are flooding the market.

This is not the peak oil they told us about. It is too much supply and too little demand. Perhaps longer term things will correct. I am guessing the trend is looking up.

Sean, as you say 2020 is a good time to buy oil.

Just my musings