We used to say lower oil prices good for America. Do we still say that?
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It’s not at all simple anymore when we are a producer. The fracking industry is out of business with these prices.
Windmills and solar-panels hit hardest.
I'll repeat what I said when those on here said Frackers couldn't survive in under $60/barrel markets:
it's all about wringing out cost and increasing efficiencies in fracking.
They did it to survive sub $60/bbl oil and they can do it again. Automate, Automate, Automate.
The frackers can restart as quickly as they can shut it down.