I think it could drop if it follows consumer demand. However, I doubt it will go as low as $20.
This could bail out you know who. :-(
Bush 1 missed the big drop in oil which helped Clinton through 2 terms. This was post Gulf War 1 and OPEC was a bit more “cooperative.”
That’s what the bad thing is -
consumer demand is down for energy because the economy is being intentionally driven into the shtter.