[P-Marlowe]

There is a field of oil wells near my office. When the price per barrel goes down below $100 per barrel, most of them are idle, but when it goes up, they are all pumping away.

Coincidence?

Or good business practice?

[thackney]

There is a field of oil wells near my office. When the price per barrel goes down below $100 per barrel, most of them are idle

Where are you located?

Or good business practice?

Horrible business to anyone that understand cash flow. If you shut down for two month, your payments are not delayed 2 month, they are delayed until the end of your production time, many years from now.

[SaxxonWoods]

Most pumping interludes have nothing to do with price.

Watch the rig count, that’s where the action (or non-action) is.