White House likely to pursue federal aid for shale companies hit by oil shock, coronavirus downturn

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25. theres a good logical reason to aid the oil companies

like it or not we are dependent on oilright now. that may change but for right now thats a simple fact.
the russian/saudi price war is going to crush a lot of us oil companies
the price war has crushed oil prices but if nothing is done oil will osar in the not to distant future. thats the nature of fracking especially in west texas.
Shale oil wells drop off in production extremely fast. 30-40% in a year or more
with prices this low and with probably 50% of the oil drillers possibly going bankrupt without aid (especially the smaller ones) there will be no replacement for the drop off in production. based on current forecasts we could easily go from an oil glut to a serious shortfall in 6-9 months.
this will make prices spike. we could easily see $70-80 crude or more and the US would be at the mercy of saudi and russian oil companies for production