TuMaRu Saturday, 08/22/20 05:30:15 PM Re: Brazilianguy post# 781 Post # of 972 No one can offer proof that any company will go bankrupt but that's been in the news for most of these over-leveraged shale players. If you read all the press, they've given plenty of evidence in terms of deteriorating debt levels, lack of re-financing (lenders unwilling to budge/consider) and the fact that there's still much production on the part of US and OPEC+. Oilprice.com is a commie hack but if their data (and that of EIA) is to be believed than US produced more oil in May-Jun than Russia and KSA both. So its hard to underpin why US industry would chop off its own foot and then blame the rest of the world for an oil price war. America has been the top producer and net exporter of crude since 2018, and an exporter of gas/LNG since 2017. So its mostly a self inflicted problem that the US shale industry is facing.