RE:all this talk about supply
The cure for the low oil price is a low oil price. The boys tried to "volume" their way out of it and with an even lower price resulting, you are right, chapter 11 is next for many.
There will be a rebound just as sure as there was this rapid decline.
As an aside, is anyone on this board buying what that clinate change conference is selling.....how will they measure a decsion to limit temperatures they have no real control over and can be affected by any number of factors??