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American producers are bankrupt. The fields are worth pennies on the dollar. Wake up. It's over.
by a8da6b0c91d 11y ago
American producers are bankrupt. The fields are worth pennies on the dollar. Wake up. It's over.
- saryant 11y agoAnd the remaining producers and service providers will buy the others for pennies and bide their time. Halliburton bought Baker Hughes. Weatherford cut costs and will be fine. The resiliency of the American energy industry should not be underestimated.