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What the US Oil Sector Must Do to Survive

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. 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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