April 20: A Historic Day in the Oil Industry
Lessons from the Next Oil Price Collapse (With 8 Charts)
Today, April 20, marks the anniversary of three major events that reshaped the oil industry: negative oil prices in 2020, the Deepwater Horizon explosion in 2010, and Adolf Hitler's birth in 1889. This note focuses on the 2020 negative oil prices. For Hitler's impact on the global oil industry and energy markets, see the links below:
Russia's Oil and Hitler's Need
The Oil Strategies of Nazi Germany
Hitler’s Quest for Oil: The Impact of Economic Considerations on Military Strategy, 1941–42
A HISTORY OF GERMAN PETROLEUM IN WORLD WAR II