RE: Api & Eia31 Mar 2020 10:06
Shale went through this before, it dropped in numbers, as soon as oil picked up the numbers of rigs increased..... you can not say shale is screwed, some companies maybe but that is not the whole industry, from those that fall others will replace..... i do not think you understand! the price will return to 50 and 60 and probably 70 and 80 as oil can not be replaced as yet, China, USA, UK and Europe are massive machines and will return to be oil guzzlers.... probably 3 to 4 months the engines will start driving forward again..... there will be fall out but shale as an industry is not one of them