It is not a bailout problem. American oil wells can't take a shut in cuz it is expensive to restart production. Greed overwhelmed and supply far exceeded demand in covid_19 environment.
Oil futures always converge to cash value on the last days. Oil has been trading for less than a beer in...
Well that's a wish. But suckers are out there, remember. May be his campaign will now be 'we will demolish that wall' so Mexican oil can flow freely. Who knows suckers might believe that too.
If it is really true that Russia and Saudi are to blame for this crisis which moron would be attempting to protect the Saudi regime with his own military.
A lot of the problems with oil are to do with greed , supply and demand. Shale itself is to blame. they didn't anticipate a total collapse...
There are so many. Large corps like CVX,XOM,RDS,PXD have upstream exposure but may hold this downturn.
APC,CLR,COG,CXO,DVN,ERN to name a few.
Use caution and information in a public forum cannot be a good investment decision. Do your own research.
Perhaps it is me that thinks market is vastly disconnected from reality.
Case in point a) fed open mkt is doing something. Retarded POTUS seems to think stock market is the real reflection of economy. Remember the first few days when he openly threatened fed chair into submission or I can...
If the banks don't lend money, and interest rate is low, consumers will hoard cash and the net result is deflation. I doubt there are good brains in the administration to execute the this whole debt programme. This programme is aimed at appeasing wall street crownies than general public.