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The Rational National | Oil crashes below $0 for first time ever

The Rational National | Oil crashes below $0 for first time ever

(10:55) Demand for oil has plummeted amid the Coronavirus crisis, but there's more to the record oil crash than just a fall in demand.
The Rational National YT channel Apr 20, 2020

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Guest: NewWorldOdor (112 days ago)
Latest comment:

I "graduated" from the oil industry during the mid-80's collapse, when the companies merrily jettisoned workers with all the concern of ushers sweeping out spilled popcorn after a matinee.  The needs of the surplussed never entered their minds.  We ex-workers had never even considered organizing in those Reagan days, confusing rugged individualism with a corporate slave mentality, accepting that the oil patch was boom-bust land where we would be tossed if profits fell.  Stupid.   By the way, may US troops now return from all conflicts or potential battlefields existing solely to control petroleum deposits or planned "hostile" pipelines?

Original comment
Latest comment:

I "graduated" from the oil industry during the mid-80's collapse, when the companies merrily jettisoned workers with all the concern of ushers sweeping out spilled popcorn after a matinee.  The needs of the surplussed never entered their minds.  We ex-workers had never even considered organizing in those Reagan days, confusing rugged individualism with a corporate slave mentality, accepting that the oil patch was boom-bust land where we would be tossed if profits fell.  Stupid.   By the way, may US troops now return from all conflicts or potential battlefields existing solely to control petroleum deposits or planned "hostile" pipelines?

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