[Terry Mross]

Yet the current low gas prices have not shut down the shale industry. So, wouldn’t it be nice to keep the prices where they are.

[familyop]

"Yet the current low gas prices have not shut down the shale industry. So, wouldn’t it be nice to keep the prices where they are."

Yes. If they want prices up a little before pushing them down again in the summer, January might be a better time. :-)

[oincobx]

>>>Yet the current low gas prices have not shut down the shale industry.

There is about a 9 week lag between WTI price and rig counts. If history holds, rig counts will be flat to up slightly this week and then drop considerably over the next two months.

[Manly Warrior]

If OPEC could act in concert, losing billions, to smother US commercial production, it would raise prices. As it is, they are a one horse show, they need to sell more at lower price to keep solvent. The US has a deep economy, we can deal with lower oil prices.