REMEMBER: The best cure for low oil price is low oil price,so hang in there! (I'll attach a good article from the PTA Stockhouse bullboard below regarding Saudi OPEC official's thoughts). Jamming on the brakes in US shale frac/drilling will show the drastic decline of the short-lived "sugar rush" provided by the individual wells. Along with the necessary cutbacks in CAPEX by most or all oil producers due to price, consider the RISKS DUE TO: [1]Change of leadership in Saudi Arabia and Yemen added to the ISIS /Syria /Iraq mess; [2]Continuing Iran sanctions and volatility there; [3]Boiling unrest in Nigeria and worsening instability in Lybia; [4]the implosion of Venezuela; [5]the ongoing and absolute ineptitude of government run oil producers in Brazil and Mexico; [6]the ongoing and absolute ineptitude of our Congress/Senate/President to take advantage of newly found US production capability, especially in red tape slowing LNG export process development and failure to allow export of crude to Europe and Asia. That's a lot. Overall, new production and expansion projects whose economics require $50+ price will be shelved, enhancing the BOPD decline. GLTA, and hang in there ! Popps
https://www.stockhouse.com/companies/bullboard/v.pta/petroamerica-oil-corp?threadid=23366501