[Balding_Eagle]

Our war with the Cartel is just beginning.

[onedoug]

Biota from the past fueling the present. And the guts from the present in teasing it out.

[Dixie Yooper]

Isn’t this how the Arabs shut down our oil production back in the 1970’s? Sure, American oil companies can always start the wells back up, unless they go bankrupt waiting for the price to go back up.

[The Cajun]

Hope it's not the beginning of a trend, but think it is.

Have no clue how deep it will go this time around.

[1Old Pro]

How much lag is there to restart? That’s my fear when the pendulum swings back is there a shortage due to ramping back up.

[tcrlaf]

Much of the Shale oil Boom was financed thanks to ZIRP, and junk bond financing. Some 18% of all US High-Yield bonds are currently in Oil and Energy Exploration.

ZIRP destroyed the most fundamental index in the financial universe: the true cost of borrowing money. The truth of Basic Math is beginning to take over.

[Gay State Conservative]

OPEC is our enemy.This is a repeat of their stunt in the 80’s of flooding the world market to shut down US production.IIRC that strategy was at least somewhat successful.They mustn't be allowed to succeed this time.In *this* matter I'd support an “activist” government...perhaps giving tax breaks and other incentives to domestic drillers and producers.