It’s not insinuating that at all, in fact the article is pretty clear that this isn’t some sign of things to come, it’s pretty much only because OPEC and the US have been increasing supply of oil even though demand has been fairly stagnate or dropping. OPEC usually will slow production when prices get too low so there’s a good chance prices will start going back up again soon. The only reason this would be sustainable is if they chose to continue this level of production which they’d only do if they felt it could benefit them long term (for example if they think lower gas prices will prevent an increase in EV purchases, which is possible but not likely at this point).
deleted by creator
It’s not insinuating that at all, in fact the article is pretty clear that this isn’t some sign of things to come, it’s pretty much only because OPEC and the US have been increasing supply of oil even though demand has been fairly stagnate or dropping. OPEC usually will slow production when prices get too low so there’s a good chance prices will start going back up again soon. The only reason this would be sustainable is if they chose to continue this level of production which they’d only do if they felt it could benefit them long term (for example if they think lower gas prices will prevent an increase in EV purchases, which is possible but not likely at this point).