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Re: Oil at $61/bbl - Top THREE Reasons Saudis are keeping price down

Posted by AlM on Wed Dec 10 18:10:18 2014, in response to Oil at $61/bbl - Top THREE Reasons Saudis are keeping price down, posted by SLRT on Wed Dec 10 12:19:33 2014.

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#1: Individual companies may have to go into Chapter 11 or even Chapter 7. But the oil, the rigs, and the techniques are still there and drilling will resume/increase the minute the price goes up again.

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