Flash Racks LLC

Retweeted Michael Parekh ():

With Oil at $28, "There are now virtually no wells in the United States profitable to drill" https://t.co/q4AEqxny4w $$

As Oil Prices Plummet, Mounting Debt Catches Up With U.S. Producers Virtually no wells in the United States are profitable to drill, forcing some companies to produce oil simply to satiate their lenders.