http://www.bloomberg.com/news/artic les/2016-01-28/crude-oil

>>1065391

No, not until shale dies. There is absolutely no point in kidnapping someone, driving them out to the desert, making them dig a grave and then leaving them alive.

Shale is gonna get cut up till its bankrupt. There will be no angel investors, just a bunch of scavengers buying the machinery of the dead corpses in liquidation.

the US should really invest in buying self sustaining energy already

>>1065411
Underrated post.

Ive bought the oil dip but I do believe we havent seen the bottom yet.

Like you said SA hasnt done enough damage to its competitors yet.

http://www.bloomberg.com/news/articles/2016-01-27/oil-holds-near-32-as-rising-u-s-crude-stockpiles-expand-glut
>OPEC delegates say no plans to hold talks to cut output

Too many people who needs to agree for anything to happen I guess.
This is like prisoners dilemma and nobody trusts each other.