Shouldn’t that be “losses” in the headline ?
There’s no way they can adapt to lower prices huh? We went for decades with oil prices staying fairly steady- then all of a sudden they skyrocket- oil companies take advantage- which they should have- then they drop back to where they were (a little higher actually) just 7 years ago, and now these companies can’t readjust back to the practices they did when prices were low for all those years? How did they ever survive when the prices were even lower just 7 years ago?
Like they haven’t since August of 2014?