What the US Oil Sector Must Do to Survive
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The plummeting global demand due to COVID-19 lockdowns has tanked oil prices and put producers in dire straits.
For Mark Rossano, CEO of C6 Capital Holdings and a Bloomberg TV contributor on energy markets, the price war is just heating up.
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He argues we haven’t seen peak oil demand yet, and that the US energy industry is headed toward an era of consolidation with a host of bankruptcies.
In this week’s segment with the Discovery Group, David Terry, CEO of Genesis Metals (TSX-V: GIS), explains how the promising gold project in Quebec keeps pressing ahead amid COVID-19 containment measures.
Recommended Links
- Connect with Mark on Twitter and LinkedIn.
- Visit C6 Capital Holdings.
- “The Death of US Oil,” OilPrice.com.
- “Oil Price Shock: What It Means for Producers and Consumers,” Knowledge@Wharton.
- “Oil Is Crashing Again. It Could Take Whole Governments Down With It,” New York Magazine.
- Register for the 2020 New Orleans Investment Conference here!
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Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.