RE:Recent WeaknessI'd certainly be happy to have shale oil production go away.
Will keep an ear on the Apr 2 Q4 update as to just where the US work (and the new work their February says they are chasing) is located and type of production.
Hoping prices stay firm and banks don't lend for more production (over $65 am sure they will)...and producers have enough cash flow to complete their environmental obligations. (And more states make a point of regulating flaring)