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Old 07-03-2019, 12:59 PM   #6117 (permalink)
aerohead
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Quote:
Originally Posted by redpoint5 View Post
The more expensive oil extraction technologies are a response to high prices, which are influenced by cartels. It's a pretty simple matter to sink companies that have high operating expenses by flooding the market with cheap oil for some period of time. It's a back and forth game where oil gets expensive, domestic production increases, it gets cheap, domestic production decreases, rinse and repeat.
OPEC announced yesterday,that they'll limit production for the next nine months,to help prop-up the price of oil,which is the benchmark upon which all other energy prices are based.
On the flip-side of bankruptcies,it's a great time to purchase those who've fallen,for pennies on the dollar.
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