Quote:
Originally Posted by peebee2
No, only one US market went negative. Every other world oil index remained positive.
And the one only went negative because of a lack of empty storage.
My point is that the Bahraini oil price never went anywhere near negative so while their oil revenues are down they certainly still exist.
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I didn't know that - as I said, I'm fairly local when it comes to crude prices.
So just what did the Bahrains do with their oil? Store it? Sell it? Regardless if they didn't go negative they're still half of the value it was a year ago, right?
You can't just shut down a oil well on a whim and fire it up 2 weeks later. It's a gigantic expensive process on both ends. How did they accommodate that?