Looks like the price war will be with us a while. There was an article posted the other day-maybe on FR, not sure where I saw it, about a new fracking method that doesn’t use water. That was the only holdup to fracking in Saudi. Suddenly those declining oil fields in the Kingdom have a new lease on life.
New Mexico is a landlocked state. I’m dubious about their veracity on the subject of anything going on in the ocean a thousand miles away. ( mileage is estimated )