Originally Posted by
word302
Show us anywhere in the world where oil is selling for less than $150/barrel. You don't understand how the market works do you. The futures price hasn't been anywhere near the selling price since this war started, but you would have to actually read stuff to understand that. Have any idea how far our reserves have been depleted? No, you'd have to read to understand that as well. Most importantly, and what this thread is supposed to be about is do you understand the long-term impacts of either of those things under the current conditions?
Yup, after starting this career pre9/11, several furloughs, companies goings tits up, management team changes in the double digits, I have a pretty good understanding of what is a catastrophe and what is not.