Posted on 11/01/2016 10:24:50 AM PDT by bananaman22
Investors may not realize it, but the Walking Dead is not the only zombie show running right now. The oil markets are at least as scary and have zombies that are much harder to kill than AMCs popular program. While about 100 oil companies have gone bankrupt in 2015 and 2016, almost none of those companies have actually died. Instead, most of the firms are still pumping oil just as rapidly as before. That, in turn, has significant implications for investors in the market.
(Excerpt) Read more at oilprice.com ...
Excellent!
No one went around and burned down houses that were foreclosed on, why should oil producers destroy themselves? I really do not see how oil goes above $60 bbl anyway. Unless clinton is elected and destroys the dollar (with cooperation of the world). Aaaaaahhh DEFLATION.
Oh the horror! Saudi cannot outright destroy oil production in the US. So sad.
That article is a great example of the monopoly mindset that pervades the like industry.
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