-The free market is working. -Eni says this is the most complex moment in 70 years. A do-nothing approach to the oil economy is impacting supply dynamics in a way that no artificial mechanism can. After cutting production earlier this month, Bakken producer Continental Resources is halting drilling operations in North Dakota. Italian major Eni … More The Daily Dose
-Old patterns are crumbling as the global economy breaks down -OPEC economists expect the Great Depression II. The free-market is picking the winners and losers in the oil market, and the losers are having none of it. Legacy production in the US shale sector had already shown signs of slowing down in late 2019, and … More The Daily Dose
-IMF: The Great Depression got nuthin’ on the COVID collapse -10 million bpd or 20 million bpd depends on how you do the math. Questions over the details of what’s been described as a historic breakthrough for global oil producers left Brent crude oil prices in the red early Tuesday. US President Donald Trump said … More The Daily Dose
The GERM Report 