What Happens If Oil Prices Keep Falling?

The video discusses the new oil order with the US as a key player in oil production, affecting WTI and Brent prices. Despite potential price drops, major oil companies remain optimistic. The video explores the impact of falling prices on exploration and drilling, with potential budget cuts and strategic shifts to stable production areas. It also covers break-even points for shale formations, emphasizing the need for sustained low prices to affect operations.

How do US drillers plan to adjust their operations in response to budget cuts?

What is the break-even point for the Bakken shale formation mentioned in the text?