dear coolcorner if u r having any contact to those production rigs ask thm to stop drilling..... just kidding...
again one more lower circuit..
Yeah another LC. LOL, I guess they will stop their rigs when they feel it doesn't make sense anymore.
Now let me start my drilling
But, if you read people's sentiment and comments in that article they are totally bearish, like in that article people are giving targets of $1. As you know when everybody is bearish or everybody is bullish thats when prices turns around and it goes to the other side. That doesn't mean we are going to see 10$ on a pullback in the near future.
Actually at these prices it makes a total business sense for other countries to import NG (stop production locally) where prices are high including India. I remember in 2008 when Crude dropped 34$, (NG is a different case) when one could fill their bath tubs with crude and made money after few months :rofl: