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Thread: The curve is huge, I'm getting a little scared. How are you holding up?

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03-28-2020, 02:51 PM #11
Dingaling

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Jul 2018

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879
Originally Posted by eddd999

The Houston economy is still very oil dependent. The price of west Texas oil was 27.10 a barrel on Friday. The break even price for Texas producers is the 50-60 dollar range Russia and Saudi Arabia are dumping oil on the market in effort to put all the small and medium us oil producers out of business and make the us again dependent on imports. This is getting no press coverage or any action from Washington

The pandemic took all the attention from the oil debacle
People are just happy for low gas prices, they don't even ask why the prices are so low
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