This is getting ridiculous. The faux panic over "troubles" in the oil patch. Oil exploration and extraction has, always, come in waves of prosperity and famine for the workers. The problem this time around is linked to oil producers over extending themselves thanks to near 0% interest rates which permitted splurging beyond their actual requirements. That is the key difference. You'll note oil stocks are doing well, thank you, and the major oil extraction corporations are doing well. As always, the workers get the broken end of the stick but let's drop the drama.