Feminist-led Citigroup tries to will an oil price crash into existence by issuing a ridiculous price target of -33.8% from the last close. - Kotaku In Action 2

Feminist-led Citigroup tries to will an oil price crash into existence by issuing a ridiculous price target of -33.8% from the last close. (archive.ph)

posted 2 years ago by TheImpossible1 2 years ago by TheImpossible1 +10 / -5

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– SomeHands10 2 points 2 years ago +2 / -0

It's not just big tech that's in a bubble; but that's another topic.

I don't see how the price can fall when the demand is solid and the supply isn't rising.

In December 2019, you probably wouldn't have predicted a massive fall in demand in early 2020 but it happened. I'm not saying it will happen again, I'm saying you can't be sure it won't. Their "green catastrophe" is also better served by oil being expensive, not cheap.

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– TheImpossible1 [S] -2 points 2 years ago +1 / -3

they are better served by oil being expensive, not cheap

Have oil majors paid down their 2020 debts yet? Can they handle another crash in oil?

The green agenda is best served by oil companies going to the wall.

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