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Meanwhile Texas government doesn’t see need to allow extraction rate to change. https://www.texastribune.org/2020/03/30/texas-oil-producers-ask-state-regulate-o
by stevenwoo 7y ago
Meanwhile Texas government doesn’t see need to allow extraction rate to change. https://www.texastribune.org/2020/03/30/texas-oil-producers-ask-state-regulate-output-amid-coronavirus-crisis/ https://www.texastribune.org/2020/03/30/texas-oil-producers-...
- wigl 7y agoThis happens often when there is a price shock--a kind of oil chicken where everyone keeps producing at a loss because they need to pay back the investments on the venture.