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Old 03-19-2020, 06:40 PM   #250
Chief Pagan Chief Pagan is offline
Sometimes it's black and white
 
Join Date: Nov 2004
Location: California
So its true a lot of American frackers could be forced into bankruptcy but its not like you can keep them there.

The big majors buy them cheap and can quickly turn on the taps as soon as prices rebound.

Russia is in worse shape because most of its oil is the long term, high capitol, multi year to develop sort.
Posts: 6,261
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