http://oilprice.com/Energy/Crude-Oil/Can-US-Shale-Survive-Below-4...

http://oilprice.com/Energy/Crude-Oil/Can-US-Shale-Survive-Below-40.html

These us shale guys are a bunch of tools!

They can't seem to regulate themselves so they increase production, ruin the supply and demand ratio and cut their own throats.

I predict we will now start seeing us shale comp ies going bankrupt.... For the second time now. All due to their own greed.

Once we get this second wave of bankruptcies , I feel they will finally get it, or at least their banks will and the lending will be more careful to these shalers.

Then and only then we will see the POO rebalance.

Im still happy to hold. Hopefully we have seen the bottom now.