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Zombie Drillers: A Halloween Horror Story For Oil Markets
Oilprice.com ^ | 01-11-2016 | Mike

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 AMC’s 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 ...


TOPICS: Business/Economy; Humor; Weird Stuff
KEYWORDS: bankruptcies; drillers; oil; zombie

1 posted on 11/01/2016 10:24:50 AM PDT by bananaman22
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To: bananaman22
"Without a head (executive) to take out, the markets can do little but watch in horror as zombie producers keep eating away and destroying the brains of the oil market trying to rationalize production and prices."

Excellent!

2 posted on 11/01/2016 10:28:14 AM PDT by Paladin2 (auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
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To: Paladin2

3 posted on 11/01/2016 10:29:45 AM PDT by Paladin2 (auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
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To: bananaman22

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.


4 posted on 11/01/2016 11:13:12 AM PDT by NotQuiteCricket (DidnÂ’t think wet works meant pool parties at the Vineyard.)
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To: bananaman22

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.


5 posted on 11/01/2016 12:02:46 PM PDT by WMarshal (Trump 2016 - because the Demorats are criminals and the GOP is the Gang Of Pussies)
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