I think the continued slide in the price of crude is not going to be as dramatic as it has been. Some of the blame (besides the glut of shale oil) has fallen on the so-called slowing economies of the world.
My thinking is if that's so they have a bottom in total usage as people still have to get to work and heat homes and power needs to be generated. So, I think there's a floor that's not far away.
Most of the sand suppliers are doing well today. Is that a harbinger of the end of the oil price drop or perhaps are the companies making money on committed fixed-price contracts?
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