[FatherofFive]

States like Russia, Iran, and Venezuela are going to be squeezed.

It is hurting companies here in the US too. I play racquetball with a guy here in Tulsa who heads an oil & gas company. All of his Bakken wells are losing money. He'll be shutting them down when the hedges expire.

[Eric in the Ozarks]

Tulsa will survive.
Good people who mostly know how to work hard.

[tgusa]

This is what happens when we use fiat money to buy hard goods.

[okie01]

All of his Bakken wells are losing money. He'll be shutting them down when the hedges expire.

How can a producing well loose money?

Once the well is producing, there is little direct cost associated with it. Almost all of its output would contribute to cash flow.

[Ruy Dias de Bivar]

What about those in Logan County OK! Any word on them? I know people who get their only supplement income from those wells.

[-YYZ-]

“It is hurting companies here in the US too.”

Here in Canada, too (although the drop in the Canadian dollar has offset that somewhat). It’s worth it if it screws places like Iran, Venezuela and Russia, though.