Quote:
Originally Posted by Donger
That doesn't make much sense. If OPEC increases production, yes, crude will drop even more. To the point where new Gulf E&P and shale production stops. If they then lower production and raise prices, those two will start back up.
Now, if they increase production and leave it there...
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I still think that they are trying to slow down our production. New oil leases are down 40%.