Makes sense. We shall see. I grew up in

Posted on: April 3, 2020 at 18:34:48 CT

Ferguson. Yeehah. I don't know enough about oil shale producers once they quit and try to come back, but rock that burns should be able to start back up ok. When wells are shut in, different story. Costs to rework and make them productive again. Back in the day, I remember crude at 10 bucks. It was a nightmare for the industry. It is a margin business though. So if crude is 20 bucks and you buy it, transport it, refine it, transport the product to the end user and price it accordingly, you can still make a dime whether crude is 20 or 100. The exploration and production side gets hammered at the lower price though.