May 1 — The oil and gas industry is facing a problem long in the making. The coronavirus and price wars between Saudi Arabia and Russia have brought the issue into stark relief. For more than a decade, the financial model of the oil and gas industry has been failing. The oil and gas sector once led the world market; today, it is the poorest performing industry in the Standard & Poor’s 500, and it has been that way for the past few years.

— Houston Chronicle