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US and Canadian companies never stopped drilling in the oil slump. Instead they drilled down and left the last XX feet to the oil there/capped. That's one of
by lithos 10y ago
US and Canadian companies never stopped drilling in the oil slump. Instead they drilled down and left the last XX feet to the oil there/capped.
That's one of the reasons that OPEC won't be as effective as they want to be.
Of course if OPEC is that successful, I imagine the US will just find a way to export more instability to the region. Forcing them to need more income.