This latest crash reminds me of the old R.E.M. song, The End of the World as We Know It (and I Feel Fine).
I have been through quite a few of these roller-coaster rides in my career, and while all have had the same shape, this one is quite different.
For the first time, we in the industry are caught in that “perfect storm” of big players, playing their game of trying to upset the law of supply/demand, and the external imposition of near-complete destruction—albeit a temporary one—of the demand curve.
Never has the entire world been locked down, not able to move about, travel, or conduct business. As a result, and for the first time ever, we witnessed oil futures go negative and the panic of the traders.
https://pubs.spe.org/en/jpt/jpt-article-detail/?art=6997
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