My version of "treadmill" is "hamster wheel of debt". More accurate visual image, in my opinion.
As WTI slows down overproducing, the rest of the oil producing world will likely recover toward a more stable $65 to $70 Brent price.
OPEC has not been driving down WTI prices and widening the gap between WTI and Brent. The independent U.S. Shale Oil producers have done that all by themselves.
So as WTI prices seem unlikely to rise too high due to WTI overproduction, and CapEx gets s