[arthurus]

The market is functioning as the market will. The less efficient producers will shut down. More efficient methods will be designed to make profit at from lower input. The new generation of wells can be reactivated when the price comes back down or when they are graced with improvements. Improvement is occurring at a faster than ever pace. Petroleum, including gas,is transitioning in the market from being a limited resource to being a near ubiquitous mineral.

[Gay State Conservative]

This is just what he Saudis want.They're afraid of our fracking and want to shut it down.

[ckilmer]

this means that they can pretty quickly ramp up production once prices improve.

[jimt]

I always appreciate your fact filled energy posts. Thanks !