It's important to understand that oil companies all over the world will be going bankrupt if consumption falls 30%. To start, they all have huge investments th

It's important to understand that oil companies all over the world will be going bankrupt if consumption falls 30%. To start, they all have huge investments that they borrowed money for on the calculation of making a certain level of revenue for 40 or so years. A big drop in demand will mean less sales, but also that prices per barrel, which are already low, will go down even further. The result would be maybe half the total revenue, so they won't be able to pay off their loans and will have to declare bankruptcy.