The present state of the oil market is the double whammy effect. Triple whammy, actually.

Price wars for market share, we’ve seen many times along with cheaters within and without OPEC, nothing new there.

Then, along comes the Co virus with the accompanying reduction in demand.

Perfect storm.

Throw in relative energy independence here in the USA and we’ve got what we’ve got.

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What we've learned from history is that we haven't learned from it.