[quote=poorgradstudent]Are you talking about the traditional big producers like Exxon, or the small shale oil boom companies that represent a fractured, fragmented market?

A lot of those small companies will eventually go bust or get bought out, probably by Domestic Big Oil companies or ones like BP or Shell.

Of course, I’ve been saying that there are too many microbreweries in San Diego for years, yet the number keeps going up. Sometime the craft beer market has to consolidate… right?[/quote]

The 300-500 billion that was borrowed to build out the shale oil bubble will pop likely next year. But it will be contained just like subprime was contained I’m sure. Just look at the Junk Bond market where most of this stuff trades (JNK).

The craft beer market in SanDiego will pop too. The big guys won’t fail but the micros that got in over their head will. I’m sure you’ll be able to find 15-30 barrel production equipment on the cheap in a couple of years.