[thackney]

This following the recent:

Statoil Scuttles Ultra-deepwater Rig Contract; Pays $350mm To Back Away
http://www.freerepublic.com/focus/f-news/3229630/posts
11/21/2014

[Gay State Conservative]

All civilized countries that produce oil should continue to do so despite falling prices.This is exactly what OPEC (and the USSR) wants...shutting down production in the US,Norway and elsewhere.

[Old Retired Army Guy]

As OPEC continues to push the price of oil down, you will see a lot of exploration and drilling efforts get capped because of profitability issues. OPEC knows that restarting those efforts will take a lot of time and money while they push the prices back up. Don’t get to happy about falling Gas prices. It wont last.

[Oliviaforever]

This is simply collateral damage to an innocent victim by the big producers to put the screws to Putin.