As the oil war and coronavirus demand destruction rage on, WTI crude prices briefly dipped below $20 per barrel, but many prices aren’t even fetching $20 per barrel as they are struggling to find buyers for their crude. Prices in Oklahoma, Colorado, Kansas, and Louisiana, for instance, have dropped significantly over the last week, with benchmark prices such as Louisiana Light falling to $5.85 and Oklahoma Sweet falling to $16.50 on Monday, while prices in the cowboy state, Wyoming , have fallen to $1.25. The deepest discounts in crude are often found in more remote areas with little access to pipeline and export infrastructure, and these are also often the areas where, once shut-in, production isn’t likely to be restarted anytime soon. So-called stripper wells made up about 10 percent of total U.S. crude output back in 2015, and after a round of serious cost-cutting, there’s not much left […]