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I believe that scenario totally depends upon OPEC's ability to keep prices artificially high by limiting production of its vast supplies of oil. I remember a f
by cubano 5y ago
I believe that scenario totally depends upon OPEC's ability to keep prices artificially high by limiting production of its vast supplies of oil.
I remember a few short years ago when fracking was dominating the news about oil supply all the talk from the Middle East producers were about just that...limiting production in order to "break the backs" of all the American wildcat frackers,
I guess with a President in office who seems to want prices to go through the roof, its much easier for them to do just that.
- simfree 5y agoHow would limiting OPEC production hurt the US Oil Fracking industry? If anything, that would cause an increase in oil prices, making US Fracking more profitable and viable...