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Oil below $30 fans wipeout fears among U.S. shale survival artists
January 20, 2016 by publisher · Leave a Comment
By Terry Wade and Anna Driver YORKTOWN, Texas (Reuters) – Across oil fields from Texas to North Dakota fears are growing that crude's plunge below $30 a barrel is more than just another market milestone and marks a countdown to an endgame for many shale producers that so far have braved the 18-month downturn. Oil prices tumbled by more than a fifth this month to 12-year lows 70 percent below mid-2014 levels and…
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Oil below $30 fans wipeout fears among U.S. shale survival artists