Quote:
Originally Posted by AndrewM
Hard to bailout finance if the industry is uneconomic. If cheap oil for long, demand will rise and it will go back up as well. 6-12 months and we could have better prices than we entered this with.
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Russian ministry of energy stated today that they are expecting oil prices to rebound to about $45 by the second half of this year and remain there abouts. In 2021 they are forecasting $45-50 a barrel.
There is your story. They will kill shale and keep the price just low enough to keep it killed. They are fine with a $45 barrel; at $50 they are laughing.