re: #120 Wendell Zurkowitz ((slave to the waffle light))

This is going to damage the Russian economy more than any pandemic (which they are also ill-equipped to handle).

If prices drop beneath $10, they might as well just shut down the oilfields as they will be losing money.

Minimally shut-down exploration and drilling. There are lots of low-production wells about with their infrastructure an already sunk cost that is paid for. So they pump their limited quantities and the cost is running the pump and maintaining the pipelines and collection points - and you want to do the latter in any case as long as you can.

roadsideamerica.com (I’ve been through the drive-thru next to this well.)