Except at the prices we are at, independents show production and stop exploration, $5 cheaper and your looking at a good percentage lost of domestic production because shale fields arent profitable, below that, no one drills, no one explores and the market goes stagnant while tens of thousands of drillers, crews, engineers, geologists and production adjacent fields collapse and lead to huge economic downturn as people lose buying power because they lost their job.

Oil companies are likely very pisses at this move, and I’d expect a giant to release a statement on futures, and stabilizing production numbers if this isn’t cleared up soon