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toomuchtodolast Thursday at 6:57 PM1 replyview on HN

Can you expound? A problem in demand for oil for whom (besides perhaps petro states that cannot meet their budgets at low global oil prices [1] [2])?

[1] https://i.ibb.co/0jDyB6mX/Crude-Price-Forecasts-Are-Below-Le...

[2] https://oilprice.com/oil-price-charts/


Replies

SoftTalkerlast Thursday at 7:00 PM

Yeah, any major economic change can be destabilizing. Particularly if there are powerful incumbents who want to maintain the status quo. We fought a civil war over that sort of thing. So a "problem" in that sense, not that it wasn't the right thing to do.