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Ray Bod
Bloomberg Television
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Comments by "Ray Bod" (@raybod1775) on "Russia Walks Away From OPEC+ Talks Without a Deal" video.
American oil industry will take a big hit.
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They will also short the oil market to make up some lost revenue
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KingJustice98 $25 is the most efficient frackers, most in the U.S. produces at a higher cost. Most of them are not hooked up to a pipeline so add the cost of truck and rail transport. Exploration will grind to a halt if prices drop to $30.
1
NotMyName Yes, the U.S. has as much recoverable oil as it's produced in the last hundred years. Price is the only thing holding back production.
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