Quote:
Originally Posted by burn_this_city
Even before the outbreak they were contemplating oil dropping to $25 on oversupply and demand decline. They may figure they can ride out the storm better than almost anyone. Kill off high cost producers after 3 years of increasing cuts.
https://oilprice.com/Energy/Energy-G...Next-Year.html |
It seems like US shale is ready to collapse which could bring off supply pretty quickly - but trying to kill them didn't work too well in 2015