At the current price of oil and the current cost to produce which assets are of value to the industry as a whole. Which assets are worth buying or selling in the current environment? Billions of dollars spent to acquire leases on property but the cost to produce exceeds the associated profits. At what point are the "assets" abandoned?
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The worker bees are walked out the door on a daily basis. Yes the current situation is important.
You keep saying current... The world is dynamic. Prices change, technology changes. People find a way. The worker bees are extremely creative...
At the point which high management has already securely esconced itself in the Caymans with the golden parachutes still settling down onto their heads.