They are stuck in their behaviour. When all you have is a hammer, every problem looks like a nail.
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What other choice do they have; lose a little per barrel or stop production and live only off their liquidity??
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This article is incorrect, some oil and gas companies have costs down to 35 a barrel, thus this is fake news
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Well I know they're storing vast amounts, betting on a future price increase.
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Money..
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Probably long enough for big shareholders to get out at profits before the economy collapses
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they'll make it up on volume
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Unnecessary tax-payer subsidies. I wish they'd kicked back to machine shops closed due to NAFTA-SHAFTYA outsourcing.
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Nat gas? Most cases they go together. Add in nat gas production +oil and it makes sense.
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they steal oil from Iraq so where is the lose
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American shale companies need to be granted national security protection as they under threat from predatory forces of Qatar and others.
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Hillary really got drilled last Nov. and lost $$$$$$$$pic.twitter.com/HKJDRW3V7j
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Because it's still cheaper than solar.
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