There’s Still Plenty Of Downside In This Oil Market

There’s Still Plenty Of Downside In This Oil Market

I felt confident enough in the fundamentals to predict that oil prices wouldn't fall below $50/bbl this year.. It's prudent to apply a great deal of caution in the current environment.. Oil prices - and the energy sector - were crushed in response (with a strong nudge from Russia and Saudi Arabia).. I would only invest new money into the energy sector with the utmost caution.. Refiners fared well the last time oil prices collapsed.. Many of the oil supermajors have gone decades without cutting dividends, despite enduring several challenging oil markets.. The oil markets are not alone in rapidly shedding market capitalization.. Robert Rapier is a chemical engineer in the energy industry.. Robert has 25 years of international engineering experience in the chemicals, oil and gas, and renewable energy industries, and holds several patents related to his work..