@
LegendofPeza Turns out you really do have shit for brains.
A well known fact, around these parts. And conclusions, much like the guy he voted for.
COVID-19, paralyzes the world global economy.
Demand for oil drops sharply, as people are working from home, business travel all but disappeared, tourism ground to a halt, and so forth and so on
Saudi Arabia attempts to rally OPEC behind a plan to reduce production, to cause the price of oil to go up
The US, though not part of OPEC, is egging the Saudis on, because low oil prices, mean trouble for the Shale oil industry, which is profitable only if oil is above a certain price
Russia tells the Saudis to take a hike
The Saudis start offering oil at a steep discount, because they think they have more stamina than the Ruskies
Ruskies tell the Saudis, oh yeah, watch me flood the market with cheap oil
But, hey, this has absolutely nothing to do with COVAD-19.