Texas Railroad Commission Mulls Oil Output Cuts

Hot talk while everyone waits for a miracle to save the day without anyone having to move a finger. Mandatory output cuts would cause a massive wave of lawsuits. Just imagine you are struggling and now the state tells you how to run your business. Great opportunity to blame them for your problems. And I don’t see so many small producers sign up to a deal all at the same time. Besides, if they did there would be action by lenders and shareholders. Not going to happen.

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