Susan Del PercioVerified account

Bye bye Texas economy.

Yikes. Low prices at the pump helps those still traveling into work, but those in the industry are taking a hit. Good time for the big wigs to consider shifting to renewables. Yes, that can be done.

Without getting too complicated, this is just the near futures price. Take a look at the June contract and you’ll see it’s still over 20 bucks. The dollar price reflects no storage for all the oil that hasn’t been used as everyone stays home.