Runzheimer is the name of the company that oil companies use to pay
employees for using their own vehicles. They had to purchase the vehicle through somewhere else. Runzheimer doesn't finance.
Remember, Permian and eagle ford have lower cost structures than Bakken/3forkes. Layoffs are real in the Bakken. I can't believe how quickly things turned so bearish. Part of the situation includes oil producers that are forced to produce simply to keep their economy rolling - like Russia and Venezuela and even the Saudies.
Some smart guys are suggesting the oil deflation will ignite deflation throughout the economy. But the fed can't let that happen - governments want inflation to reduce their debts. Deflation would be good, but the fed will roll out qe4 to avoid deflation. qe4 will bury the $$$. Gold is up, why is gold up when oil is down?
Reminds me of the old bumper sticker I saw in Great Bend Kansas (oil patch) back in the 80s : "please Lord give us 1 more oil boom and I promise not to pi$$ this one off.