Aw, that’s a shame.
Couldn’t happen to a bunch of nicer guys.
Yeah they started this flooding the market policy to slip the green weenie to Russia and Iran. Somehow, it got away from them.
It was an interesting idea, then there are always strange and unintended consequences when you try to manipulate economics. That is why the phrase, “Hoist on his own petard”, was coined in the first place.
Now, as producers walk away and cap off their wells, the rise back up to the $4-$5 will be very rapid indeed.
There go the gold plated toilets