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What the US Oil Sector Must Do to Survive | Mark Rossano

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First published at 18:42 UTC on May 1st, 2020.

#oil
#energy
#covid-19

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The plummeting global demand due to COVID-19 lockdowns has tanked oil prices and put producers in dire straits.

For Mark Rossano, CEO of C6 Capital Holdings and a Bloomberg TV contributor on energy markets, the price war is just heating up.

FREE: …

The plummeting global demand due to COVID-19 lockdowns has tanked oil prices and put producers in dire straits.

For Mark Rossano, CEO of C6 Capital Holdings and a Bloomberg TV contributor on energy markets, the price war is just heating up.

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He argues we haven't seen peak oil demand yet, and that the US energy industry is headed toward an era of consolidation with a host of bankruptcies.

In this week's segment with the Discovery Group, David Terry, CEO of Genesis Metals (TSX-V: GIS), explains how the promising gold project in Quebec keeps pressing ahead amid COVID-19 containment measures.

Show notes: https://goldnewsletter.com/podcast/what-us-oil-sector-must-do-to-survive/

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