Quote:
Originally Posted by jamesqf
So how's this a problem? Just leave the oil in the ground until you need it.
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Can't afford to leave it in the ground. Gotta cover your fixed costs! Ironically, the lower the price, the more you've got to pump to break even.
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U.S. active oil rigs declined
again.
U.S. oil production is
now -8% from its peak last summer.