In r/stocks, commenters argue over whether a return to remote work could meaningfully reduce oil demand in a supply shock, with others pointing out 2020 negative oil was demand destruction and not comparable.
Remote work would help but it’s really just putting a bandaid on a shotgun wound, commuting to and from work is fraction of oil demand
the oil going negative in 2020 was genuinely one of the wildest macro dislocations i've ever traded through, but betting on remote work policy to soften the next shock is not a position i'd want to hold
We could remove most of the effect of the oil shock just look at recent history.
Negative oil prices were because of DEMAND destruction and no place to store oil. Completely different than a supply shock.
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