Strippers Suffering From Low Oil Prices
Stripper well shutdowns could increase significantly as 2016 gears up
By Oilprice.com by Michael McDonald —— Bio and Archives--December 10, 2015
Global Warming-Energy-Environment | Comments | Back To Full Article
With Prices Below $50, what is a stripper to do?
With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. As producers confront this unpleasant reality, some will finally start to significantly curtail or even shut down operations. And that is going to severely hurt an all but invisible group; strippers in the United States.
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