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<blockquote data-quote="John Slejpner" data-source="post: 6806880" data-attributes="member: 819"><p>If you mean by corvid-19 then no. Vast amounts of oil move around based on the efforts of a handful of key personnel and a lot of automation / vast machines and infrastruscture. </p><p>If covid 19 got so bad as to affect this process then we are in the zombie apocalypse and it wont matter anyway.</p><p></p><p>We are not talking about the Straits of Hormuz being closed due to war and the resulting oil supply shock, rather that anyone can have all the oil they want at, probably any minute, sub $40 a barrel.</p><p></p><p>Breaking news...Saudi might be front-running Russia with steep discounts on forward oil sales ($7 below spot into USA) says Zerohedge...so that may or may not be right. Would make sense...saudi tried on its own to break shale in 14-15 but couldn't keep price low enough long enough....at that time if was Russia that needed a better oil price. But today Russia is considered the marginal producer....Moscow can cope with low oil price much better than Saudi / shale.</p></blockquote><p></p>
[QUOTE="John Slejpner, post: 6806880, member: 819"] If you mean by corvid-19 then no. Vast amounts of oil move around based on the efforts of a handful of key personnel and a lot of automation / vast machines and infrastruscture. If covid 19 got so bad as to affect this process then we are in the zombie apocalypse and it wont matter anyway. We are not talking about the Straits of Hormuz being closed due to war and the resulting oil supply shock, rather that anyone can have all the oil they want at, probably any minute, sub $40 a barrel. Breaking news...Saudi might be front-running Russia with steep discounts on forward oil sales ($7 below spot into USA) says Zerohedge...so that may or may not be right. Would make sense...saudi tried on its own to break shale in 14-15 but couldn't keep price low enough long enough....at that time if was Russia that needed a better oil price. But today Russia is considered the marginal producer....Moscow can cope with low oil price much better than Saudi / shale. [/QUOTE]
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