Adam Montana

  In Adam Montana

OIL is currently under $20 (WTI), which is unsustainable on many levels. The largest OPEC production cut in history was agreed to on Sunday, in an effort to get prices moving up again… the markets don’t seem to be reflecting that yet, but I have no doubt that OIL will go back up.  Here’s the bottom line:  1. The world isn’t going to stop using oil. Not even COVID-19 can make that happen.  2. OIL will never be free. Period, end of story, that’s “all she wrote”. Oil will never be free. With Iraq being in the top ranks of all OIL producing/selling/exporting countries in the world, it has a lifeline that will never go away. Not in our lifetimes, anyway!