TX Oil & Gas Producers ASKING State To Limit Production: TRRC Considering Potential Limits

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3. People Seem To Forget

The collapse in prices makes it very difficult for oil producers who have high debt burdens to pay back their bonds and/or loans. Like halving your salary but still having to pay the same expenses as you had before. While people will undoubtedly be pointing out lower pump prices they'll never consider how all the banks and bond folks are going to fare with they don't get their money back. Guess who gets bailed out in that situation (and who's going to pay for it).