Forum Discussion
thomasmnile
Feb 25, 2022Explorer
What Reisender posts is right on the mark. When WTI prices fell below $50 a barrel, the endless prattle on financial media revolved around producers in the Bakken region of North Dakota and Permian Basin in Texas faced with the decision to continuing to sell for less than production cost and risk bankruptcy, or leave their oil in the ground and risk bankruptcy. Mostly "independent" producers, but lot of crude nonetheless.
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