Oil execs and producers are historically pretty good at making money. Oil is a roller coaster of an economic sector, based on a boom-and-bust model. Bankruptcy and insolvency are not uncommon occurrences out in the oil field, but even in the lean times, there are plenty of industry insiders making a buck, even as their own company goes down in flames. This was even the case in last year’s historic oil crash, when companies across the West Texas Permian Basin went belly up on the heels of “Black April,” when oil prices actually…
