Oil prices are rolling over (again) as many Eu countries go into a 2nd round of lock downs. Demand for gasoline, jet fuel, plastics and other petroleum products has not returned to anywhere near pre-pandemic levels so it was predictable that oil prices might roll over again back into a bear market and income investors relying in dividends or distributions (from MLPs) throughout the oil value chain might be hurt badly if oil prices roller over from the $40 trading range since early June. Track oil prices here: https://oilprice.com/ or here: https://www.tradingview.com/symbols/CURRENCYCOM-OIL_CRUDE/ Crude Crashes In Early Asia Trading https://www.zerohedge.com/energy/crude-crashes-early-asia-trading Articles About Exxon Mobil's Problems: 1) Exxon may write off $30 billion of shale assets after historic Q3 loss https://www.worldoil.com/news/2020/10/30/exxon-may-write-off-30-billion-of-shale-assets-after-historic-q3-loss 2) Houston to Bear the Brunt of Big ExxonMobil Layoffs https://www.houstoniamag.com/news-and-city-life/2020/10/exxonmobil-houston-offices-1900-layoffs 3) Exxon to cut 14,000 jobs as pandemic hits oil demand https://finance.yahoo.com/news/exxon-cut-14-000-global-172449646.html 4) Big Oil Loses Refining Crutch With Margins Crushed Last Quarter https://finance.yahoo.com/news/big-oil-loses-refining-crutch-080000099.html 5) In Unprecedented Cost-Cutting, Exxon Is Firing 15% Of Its Workers To Keep Dividend https://www.zerohedge.com/markets/exxon-firing-15-its-workers-keep-dividend 6) Crude Awakening: Exxon Mulling Global Job Cuts https://www.zerohedge.com/energy/crude-awakening-exxon-mulling-global-job-cuts Newmont CEO Trumpets Rising Free Cash Flow on Higher Gold Prices https://www.barrons.com/articles/newmont-ceo-trumpets-rising-free-cash-flow-on-higher-gold-prices-51604066863 Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Also, please take 5 minutes to leave us a good iTunes review here! We only have about 86 5 star iTunes reviews and we need to get to our goal of over 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**