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Tag: Oil crash

Commercialization, Conventional Fuels

U.S. Oil’s May Contract Slump Is Historic Irrelevance Compared To Alarming Reality Of June’s 30% Crash

April 21, 2020

Via: Forbes

The date April 20, 2020 will forever be etched in oil trading history, for on that fateful Monday afternoon an expiring West Texas Intermediate contract for May initially slumped below $10, headed to zero, and at just past 2pm EDT […]

Commercialization, Conventional Fuels

Oil will crash to $10 a barrel with electric vehicle revolution, strategist says

October 13, 2017

Via: CNBC energy

Oil prices are poised to crash to just $10 per barrel over the next six to eight years as alternative energy fuels continue to attract more and more investors, Chris Watling, chief executive of Longview Economics, told CNBC on Friday. […]