What do you do when the price of oil plunges, and your stock drops from 75 to 40 over 6 months?
When you’re Halliburton, you start looking a bit desperate.
You cut a thousand jobs (with more expected to come).
You talk with one of your competitors about merging to insulate yourselves from the free market.
And maybe you go to the taxpayer-funded Ex-Im bank (which the WSJ calls the “flagship of crony capitalism”) for a handout.