Bankruptcies are already widespread in the US shale industry. The increase by Saudis and Russia is only a third to a half of US Shale production, so sooner rather than later, this excess will be taken up.
https://www.ccn.com/collapsing-crude-prices-will-bankrupt-u-s-shale-oil-stocks/
Bankruptcies are already widespread in the US shale industry....
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