Yes you are right. From the very beginning of oil discovery. Most I know have their savings in 401k because of no more pensions. None of that savings is available to them. If the worst happens, I have maybe 6 months, but that will probably not be enough to wait out the bust. That wasn't the point of the question though. I think we have a government that is complicit in destroying the oil business which is why this one is probably going to be deeper and longer than anyone can remember. More than oil hands are going to get hurt.
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