Business publications, such as the Wall Street Journal, are infested with writers who don’t want cheap energy, thinking it’s bad for personified Mother Earth. This leads them to emphasize the economic consequences to high-cost producers and to ignore consumers.
The last two paragraphs certainly align with my observation of the manufacturing sector supporting the service big-boys. They’re scrambling to adjust to the new reality, especially in their supply chain. One of the biggest issues will be the inflexibility on the price of special metals required for downhole environments. Not a lot of wiggle room...