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I think it’s more a side-effect of the Russia pricing fight than the goal itself. If the price drops and shale producers don’t have the capital to whether the
by fossuser 7y ago
I think it’s more a side-effect of the Russia pricing fight than the goal itself.
If the price drops and shale producers don’t have the capital to whether the storm then they don’t have much of a choice. Sure later they could come back when prices are high again, but in practice that’s probably hard and takes time.
- mrscottson 7y agoAs I understand it, most shale producers have tremendous amounts of debt that they can't service when oil is below $40...investors and shareholders will be holding a useless bag if this continues for much longer.