Quote:
Originally Posted by Jim in CT
what % of america’s production is fracking versus traditional
drilling? a si cere question.
if that was THE major driver, is there an article that can tell us when that quote was issued, and what happened to the price immediately after?
i think the major driver was increased demand after covid started weakening its grip.
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The oil producers publicly stated that they wouldn’t increase production because price increased and you need more proof?
What did the last guy do when the price of oil went through the floor?
What was done then is still affecting the market.
Believe it or not, production and supply will achieve a reasonable equilibrium.
Or would you would prefer state control?
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