If it goes on for another year, you’ll see one of two things happen. All the debt saddled companies who’ve been drilling unconventionals the last ten years will be bankrupt. The super majors (shell, BP, Exxon, Chevron) will purchase all of it for pennies on the dollar. Or the government will sweep in and purchase the distressed assets as a form of bailout for the industry. Then nationalize the production.
