Oil companies being charged to take away crude oil en route to storage facilities that are full. Global oil glut yet key workers must still risk their necks to produce more because its vital to national, interest what?
5 replies (most recent on top)
BH is done in the UK.
hopefully this speeds up the bankruptcy's of these shale companies that should have never been given loans in the first place. Shut the wells and let natural selection move fast, so we get some inflation on the oil prices when the reserves go down.
Oil just went negative. I don't think anyone is going to be "essential" for much longer.
Serves the greedy yanks right. Thinking they could drill, drill, drill and put a finger up to the world. Those who are not viable should go, no ifs, no buts. Yanks are as much to blame as OPEC, Russia and Corona. What goes around ............;
The only thing we are vital to is Baker Hughes’ bottom line. What would be in the nation’s best interest and the industry’s best interest is for everyone involved to take a 30-day team. Oil companies are only putting themselves out of business by continuing to produce unneeded and an economic oil.