Flyin'Dutch' wrote:@skydriller It is my understanding that these are all interlinked?
Well, yes... Quite simply O&G still makes the world turn regardless of western media suggesting that renewable energy can replace it.... but you (not you personally FD, but the western public) dont want to hear what goes on in the rest of the world.
Anyone with half a brain can work out that these little companies based prices on last years "local C19 economy" and they were making a packet off of the back of the global O&G crash. As the global economy slowly recovers, the O&G price recovers. Because O&G is global, not local, when the price tanked, companies just laid off workers wholesale, cancelled contracts and halted all expenditure...boom and bust, O&G is like that - no furloughs for us
. The problem now is that restarting isnt instant and as its a truely global industry, travel & C19 restrictions are also having an effect because the right people cant work where they need to.
Regards , SD..
Its generally best to make a hole in the sky.......not the ground...