Bye bye miss American pieNo where in time companies blindly produce at lost. Would G,M. cars be produced at loss?
food? anything is non sens But U.S. shale produce at loss. Millions added in debts,
and coldly disregard and litteraly disrespect shareholders and investors makes crude oil back in the dark age of low and lower prices. For what? creating a few rig jobs.
Me among other have been writing in the last two months that U.S. producers are killing the market. Stealing. destroying. coldly scraping a lot of life of their shareholders. Stressing them. taking their savings away, destroying some families. individuals. and still None of those black devils (now we know) are willling to send words or signal that they need reduce their production.
Truly historic times where a sector of the economy is willing to get in debts to flood then market.
And the banks with their target prices that are never reached, Falsely informing so that more people buys shares that are most time losing money.
U.S.A. you are waht you are. A weak small matality nation that lives on borrowed money that amounts in billions indebts,. and For oil producers debts that amounts to millions
Read more at https://www.stockhouse.com/companies/bullboard/t.gxo?postid=26206951#jj8ru5mHxc4vS4LL.99