The last few weeks more and more bad news keeps coming out for the oil price and the oil industry. Oil analysts are making lower and lower oil price projections (some have a negative price prediction less than zero). These stories do not paint a good picture that the oil market has bottomed and the bear market is over: 1) The world's on the brink of running out of places to put oil https://business.financialpost.com/commodities/energy/the-worlds-on-the-brink-of-running-out-of-places-to-put-oil 2) Pompeo Urges Saudi Crown Prince To "Rise To Occasion", Help Lift The Price Of Oil https://www.zerohedge.com/energy/pompeo-urges-saudi-crown-prince-rise-occasion-and-stop-hammering-price-oil 3) Tens of Thousands Are Getting Laid Off in U.S. Shale Patch https://finance.yahoo.com/news/tens-thousands-getting-laid-off-140702674.html 4) Thousands of oil workers are getting laid off in the Permian Basin https://www.dallasnews.com/business/energy/2020/03/21/thousands-of-oil-workers-are-getting-laid-off-in-the-permian-basin/ 5) Texas Regulator Considers Oil Output Cuts for First Time in Decades https://finance.yahoo.com/news/texas-regulator-considers-oil-output-220710245.html 6) U.S. Calling on Saudis to Halt Plan to Unleash Record Oil Supply https://finance.yahoo.com/news/u-urges-saudis-rise-occasion-143110518.html 7) Ten signs the oil industry is bent out of shape https://finance.yahoo.com/news/ten-signs-oil-industry-bent-051745114.html 8) U.S. OIL PRICE COLLAPSE = U.S. ECONOMIC COLLAPSE https://srsroccoreport.com/u-s-oil-price-collapse-u-s-economic-collapse 9) Coronavirus Could Bankrupt 20% Of European Oilfield Services https://oilprice.com/Energy/Energy-General/Coronavirus-Could-Bankrupt-20-Of-European-Oilfield-Services.html 10) IEA Boss Warns Demand Will Plunge By 20 Million Barrels Per Day https://oilprice.com/Latest-Energy-News/World-News/IEA-Boss-Warns-Demand-Will-Plunge-By-20-Million-Barrels-Per-Day.html 11) April Could Be Worst Month Ever For Oil https://oilprice.com/Energy/Energy-General/April-Could-Be-Worst-Month-Ever-For-Oil.html 12) Oil Majors Are Preparing For $10 Oil https://oilprice.com/Energy/Energy-General/Oil-Majors-Are-Preparing-For-10-Oil.html 13) U.S. Halts Plan to Buy Crude Amid Uncertainty Over Funding https://finance.yahoo.com/news/u-halts-plan-start-buying-135849295.html 14) For The First Time Since The 1970s, Texas Is Considering Curtailing Oil Production https://www.zerohedge.com/economics/first-time-1970s-texas-considering-curtailing-oil-production 15) Texas Weighs Curtailing Oil Production for First Time in Decades https://www.wsj.com/articles/texas-weighs-curtailing-oil-production-for-first-time-in-decades-11584646724 16) Is This The Beginning Of The End For Texas Oil? https://oilprice.com/Energy/Crude-Oil/Is-This-The-Beginning-Of-The-End-For-Texas-Oil.html 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! 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 Also, please take 5 minutes to leave us a good iTunes review here! We only have about 75 5 star iTunes reviews and we need to get to our goal of 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. 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**