I’d love to see $10 a barrel oil...IF it didn’t harm US producers.
Oil is a business of crashes and booms. Anyoe who doesn’t like that shouldn’t be in the business.
It would.
Depending on the producers that benchmark is 23-27.
I was in Texas last week before heading back north, my client was double checking their number, looked likes they were planning on shutting down some to all of their activities in Permian, Anadarko and Baken fields.
The stuff in AK has alot more complicated benchmarks, as they have to keep the pipeline full and moving.