Thursday, March 26, 2020

World Oil - Texas RRC Chairman Wayne Christian: We must stabilize worldwide oil markets

Never in my life have I seen such uncertainty in the world. What am I supposed to do? How long will it last? What will happen next? As COVID-19 wreaks havoc on our healthcare system and economy, there are no easy answers. American businesses and workers are justifiably worried about its impact on public health and the economy, and their own health and personal finances. As a result, people are suffering.

Over the last month, our stock market has gone from record highs to multi-year lows at an unprecedented pace. Stocks have dropped faster in recent weeks than they did during the Great Depression. In the energy sector, reduced demand and a poorly-timed feud between Saudi Arabia and Russia has driven oil prices to 20-year lows.


https://www.worldoil.com//news/2020/3/25/texas-rrc-chairman-wayne-christian-we-must-stabilize-worldwide-oil-markets 

No comments:

Post a Comment