Thread: headlines about #OilPrices crashing to 0 are simplistic. Prices *will* go back up, but then bump along at $20/$30 a barrel. That’s the big story: the heavily indebted shale oil industry will collapse at those prices, prompting a prolonged recession in Western economies. 1

2. If you’re interested in why oil futures prices are doing what they’re doing today, this thread gives a good overview of one of the (many) crazy levers impacting prices: https://twitter.com/gilbeaq/status/1252293724215762950?s=21 https://twitter.com/gilbeaq/status/1252293724215762950