FILE PHOTO: Chevron oil exploration drilling site near Midland, Texas, U.S. August 22, 2019. Picture taken August 22, 2019. REUTERS/Jessica Lutz
While the members of the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, will cut 9.7 million barrels per day in production beginning in May, other nations could reduce output by as much as 10 million bpd. So far, U.S. and Canadian company announcements put those reductions at a total of roughly 730,000 barrels of oil equivalent per day , according to a Reuters analysis of public statements. ConocoPhillips on Thursday announced the biggest drop so far, saying it would slash oil output by 200,000 boepd from earlier forecasts.
Run away from these three companies if you want to preserve your capital. But it is good for consumers at a time when most have no money. Mr Trump unfortunately for the industry. Not for suffering consumer.
NO MORE OIL 🖕ALTERNATIVE ENERGY IS OUR SAVIOR ☀️
Plastics. Not fuel or lubricants... It's all about plastics. The plastics that DO NOT recycle as propagandized for years.
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