Why do you expect a momentary, bubble commodity price, never before seen in the history of the industrial age, to be the new normal?
You're off ignore for only 5 minutes, because you've just proven again why I put you there.
The U.S. government effectively declares its railroads to be a national park, and you're arguing about what size ammo a hunter should have.
You're a completely oblivious idiot.
They're done. Look at the banks that have lent far too much money to CHK and all their peers, based on lending values that aren't there anymore.
They're going to be writing down very big loans.
Masking decisions and budgeting capex based on even $75 oil prices is simply idiotic and will inevitably lead to ruinous levels of debt and leverage.
Correction: there actually are a couple too many left, and which are weakening the herd.
But never mind. The government has (very unofficially and without any public fanfare) added to protected species list: The American Rail Executive.