Just because shale companies go out of business does not mean CL would suffer the same fate. In fact, the more companies that cannot pump the thing, the less supply there is, and there will always be a base-level demand. I am talking about CL itself, not the small-balance sheet companies drowning in their own debt.
Here would be a fun study...When was the last time, accounting for inflation, crude fell below 10 bux per bbl?
https://www.macrotrends.net/1369/crude-oil-price-history-chart Answer: prior to 1946. Hit $17 in 1998.
Without adjusting for inflation: 1998: 12 USD 1974: 9 USD 1972: 3.60 (which in today's dollars, still is a bit more than 22 USD)
on cnbc a few mins ago. I fully expect it at some pt Nothing is out of the question’: What it would take for the Fed to start buying stocks PUBLISHED SUN, MAR 29 20205:50 PM EDT Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM KEY POINTS Should market conditions deteriorate, the Federal Reserve could venture into the stock market, several market analysts and economists said. Such a move likely would come in the form of a big ETF that tracks major market indexes. Congressional approval would be needed to take such a step. The Fed already has launched an historically aggressive use of its various powers.