I agree they and many others will operate and continue to exist at that price, at least for a while.
But many small companies that took on too much debt will be selling assets to the stronger financial companies. Maybe they will pick them up at the bankruptcy auction.
But they won’t be drilling and expanding like we saw the last couple of years. And any significant duration of deep prices will have plenty of people loosing jobs. Nature of the business, has always been that way. Part of the reason it pays well.
This drop in oil prices SHOULD DROP grocery prices, and ALL consumer
goods being transported by trucks!! This SHOULD help create jobs!!!