Thread regarding Halliburton Co. layoffs

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U.S. oil companies generally need oil prices to stay above $50–$60 per barrel to be profitable, with many shale producers requiring closer to $70 for new drilling. While low-cost areas like the Permian Basin can operate under $40, consistent profitability for the industry often requires prices in the $60s or higher.

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Post ID: @12f+1khv58qg8

Pls don't bother and stop spreading rumours. Now that we have Venezuela, drill baby drill!

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Post ID: @mk+1khv58qg8

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