This could be a serious downleg that could shakeout several weak players in the industry
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Chevron may be one of the weeded out players.
Yes Indeed, and it will shake more pieces of Dead Wood off the tree to keep it from falling down!!!!
Yes......supply dictates sub $30 oil for 12 months.
$30-something oil is already shaking out many players, not only the weak ones. Once we realize $20-something prices will be the norm for the next 12-18 months, the bottom will fall out of this pan. Look out below!