[quote=The-Shoveler]LOL that sounds like something an American company would do.

But I will put that down as a possible outcome.[/quote]

Well I’m just thinking…See Saudi Arabia says that they are profitable even if oil is $40/barrel… Some say they are still profitable at $25/barrel… There’s no way US shale companies can be profitable at that level..And a lot of these shale companies were on borrowed money and they will go under. Who’s going to pick up after this mess? Doesn’t seem like we have any real laws to prevent a company from OPEC nations or from China from acquiring such assets, especially if they are flush with cash…

It would be kind of ironic that you would have foreign companies buying U.S. shale companies to produce oil here in the U.S. (and associated pollution) for oil that is consumed overseas.. I guess it would be karma for us buying cheap products from China made in factories that pollute the environment over there….