[Gay State Conservative]

They're trying to kill our fracking operations. I know nothing about oil production so I don't know if they can pull it off.

[HamiltonJay]

Energy is always BOOM and BUST... when price is high, US produces, when it goes bust, wells are capped, and folks laid off, at $11 bbl, a lot of wells are going to be capped and shut down until prices go back up...

[Zhang Fei]

[They’re trying to kill our fracking operations. I know nothing about oil production so I don’t know if they can pull it off. ]

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They’re trying to feed their people. Oil demand is down 29m barrels a day from about 100m. We can grow wheat. Nothing grows in the desert. They can’t drink oil. They are in the position of having to sell their oil for whatever the market will bear.

The frackers won’t go out of business. The shareholdings will just change hands, with the previous generation of shareholders zeroed out, and the bondholders and banks becoming the new shareholders, while zeroing out the debt they held. The newly debt-free companies will issue new debt and keep on fracking.

[JPJones]

A guy on Fox business just reported that Frackers will go bankrupt, and their leases, equipment, etc. will be bought at “bargain basement” prices by oil bigwigs. The end result (long-term) will be US producers will be able to produce oil even cheaper than before. This happened a few years ago, according to this expert.