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Ardennes posted:It is part of the reason why the Saudis have kept production higher amidst falling prices, they are hoping to strangle the US shale industry in order to reassert their export strategy. They are doing a fairly good job so far (and the Chinese economy is unintentionally helping them out as well). Unless they're working on fusion reactors that can fit under the hood they can only hope to stall the shale industry. Demand for oil isn't going to magically disappear unless something huge happens like the US defaulting or a magical energy device gets built.
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Sep 28, 2015 22:24
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| # ¿ May 16, 2024 13:59 |
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