Energy prices will continue to fall to historically low levels as countries recover from Covid-19 yet fear a resurgence until a vaccine is developed.
With almost zero global demand even an amenable OPEC+ is powerless to firm oil prices.
In a world drowning in oil, US shale oil is drowning in red ink as bankruptcies accelerate.
By late 2020 intrepid investors should consider energy investments which will be bargains prior to a 2Q2021 uptick, albeit tepid, in global economic activity.
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