U.S., Russia energy officials had 'productive' talks about oil market plunge

The call occurred a day after President Donald Trump and Russian President Vladimir Putin agreed in a phone conversation to have their top energy officials discuss the drop in global oil markets.

Brouillette and Novak “had a productive discussion on the current volatility in global oil markets,” Energy Department spokeswoman Shaylyn Hynes said. The United States has grown in recent years into the world’s largest oil and gas producer, thanks to a technology-driven shale drilling boom. But the current price of oil is below the production cost of many American drillers. That has threatened the highly leveraged U.S. shale industry.

Where were the Saudis... in the ambit of the American officials? It good American are also implicitly trying to help the Iranians of course .... with oil prices.

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As energy stocks tumble, these names have best chance of survivalThe crude oil crush has taken down energy stocks, but there may be some survivors. Oil is a very good buy at the moment..... this is like walking into a sweet shop and being lost for choice. Some good deals out there. This is the dumbest sector in the US. Think long and hard before putting any money into this. Now that OPEC doesn’t manage their business for them anymore they are screwed
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