Yeah, 3 or 4 more years of these prices and they will be broke, just not as deep in debt like us.
I don’t believe sub $60 oil prices will last half that long. Do you?
Actually industrial commodity prices including oil are low due to an overall weak world economy. Frankly with the Left in power throughout most of the West, do not see any real economic recovery soon. So yes, foresee oil prices to remain <$60 for at least the next three years. Even the war disruptions in the Mideast have not done much to raise prices. Libya and Iraq remain largely off line as suppliers with little effect.