You cannot underestimate that seismic shift going on as investors, often drunk on big oil profits, now just face uncertainty and loss. The oceans are awash with bobbing tankers full of oil, with no market to sell them. The industry is paralysed by the pandemic.
Oil industry debt
Drowning in Bad Oil Debt
Imagine you went on a weekend gambling tip to Las Vegas and played roulette, and that you carried on betting on black and yet every time the ball ended up landing on red.