Imperfection of the OPEC + deal in the future.
Updated
Hello, my dear subscribers. Who has read my articles before you should know that the price of oil should cost up to $20 per barrel. The goal is achieved. Now oil is growing on Trump's verbiage, but this is wrong, this is a big mistake, the market does not work like this. The market will punish Trump, the coronavirus has reduced energy consumption and spending, for this reason, the weak companies should leave the market, as in other sectors of the economy. Making artificially high prices in the context of the global financial crisis will be a very bad decision, which will become even more burdensome and difficult in the future, as a result of which oil will cost even less. Trump is very wrong, this is very bad for a sick world!
Note
Hi, my dear subscribers! If you read my previous post, you most knows that oil prices should have fallen below$20 per barrel. On April 20-21, 2020, the price of WTI crude oil reached the historical price of -$40 dollars per barrel! But the purpose of this post is not to describe past events, but to describe future events. Trump is a fool, again goes against the sick market, the market is not ready to pay for expensive oil! The US labor market is very bad, and 30 million workers have lost their jobs. Most of the population has very large obligations to banks and credit organizations. Trump wants to shorten the quarantine period, but this will cause a very broad and severe pandemic among people, which will make the financial crisis tougher. As I wrote before the market will punish Trump, the coronavirus has reduced energy consumption and spending, for this reason, the weak companies should leave the market, as in other sectors of the economy. Making artificially high prices in the context of the global financial crisis will be a very bad decision, which will become even more burdensome and difficult in the future, as a result of which oil will cost even less. Trump is very wrong, this is very bad for a sick world! He is not making America great again, he is creating a new Great Depression in America.
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