You’re a sane voice amongst a lot of the usual useless blather.
The Saudis don’t really give a crap about US production, there’s little they can do about it, anyway. They’re much more interested in squeezing the Iranians and the Russians at the moment. If Venezuela also gets squeezed a little, that’s OK, too.
Ding Ding Ding Bingo Dingo Ringo we have a winner !
That’s a good question, how did those oil shale fracking companies survive back in 2009 - 2010 when oil was cheaper then.
Yes, I am aware there was less of it until oil prices sky rocked, did they know oil would go that high eventually ?
I am praying, hoping, and banking on of hopes that there will be a “ eureka “ moment that would be a real game changer soon in the efficiency of drilling, extraction and production of shale where that will grow the shale industry even more.
I hope none of these companies will not go bankrupt or people lose their jobs and a game changer would really freak OPEC out and put a dagger in the heart of OPEC and Russia.