Delta4Embassy
Gold Member
- Thread starter
- #61
It is anyone's guess but the vast majority has it holding between 45-55 for the next 1-3 years. If it holds for three years we will get our noses a little bent but that is a sustainable price. Halliburton, FMC, Baker Hughes, Cameron, Schlumberger and others in the industry are starting workforce reductions.Guy on CNBC yesterday mentioned the possibility. Was just a guest but still.
Guy on Bloomberg channel yesterday mentioned how $30/b oil would be bad for the Texas economy. While I can't imagine $20 or even $30/oil, I couldn't imagine $50 oil either a month or so ago.