No, you misunderstood my question to you. News stories foisted to imply doom and gloom to the “drilling” community if the price keeps falling. These same people propagated many years ago that if we kept using oil at the rates then that by now we would be experiencing dry holes everywhere. But instead, the global consumption continues to increase while they keep finding new sources.
Your post of the gloom and doom predicted in Texas if the price keeps falling was greatly dispelled by the statistics and graphs you also posted. I have come to greatly respect your opinions on the energy sector.
You will have to show me where this article predicted doom and gloom, rather than current data and a comparison to last year.
The number of rigs remains up more than 100 from the same time last year