The trouble with being a high cost shale producer is that once rigs are demobilized it will take time to remobilize and it also costs money. If the price spikes and shale guys get rigs and drill then what happens when the price drops again is the shale company loses money....if the best you can do is lose money investors will not back you. They may allow price spike till demand allows them back in and supply side is tight - if the price is not sustainable they may delay restarting additional rigs to avoid oversupply.
$30 Oil here we come..., page-128
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