(03-10-2020, 05:33 AM)The Real Marty Wrote:

(03-09-2020, 08:24 PM)HandsomeRob86 Wrote: Every companies goes bankrupt eventually, but I doubt any of the big 4 are going any time this decade.

If you buy oil companies with strong balance sheets, I think in the long run you will be okay.  But there will be a lot of companies that go bankrupt with oil at this price level and demand falling.

The reduction in demand is a short term phenomena IMO. And while I love cheap gas, it won't stay that way into the summer. Either way, cheap oil will decrease costs for flight, shipping, transport and travel. Plus the tons of petroleum based plastics out there. It boosts the economy all on its own, thereby increasing its own demand.

I think people have minimal idea how built on oil our whole society is. Consumer vehicles are like 5% of the demand. 

Anyhow, I agree that long term, oil is great buy right now. I mean people would have killed in the past to get 9% dividend yield from Exxon, its a blue chip.

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