Dislikedperfect timing... US is the largest oil producer. OPEC+ cutting production = for US producers (high price, US don't cut production) Then the virus (just coincidence), as economy downturn trigger. Some trigger not related to OPEC+ was necessary as an excuse. Then no OPEC+ agreement (another excuse). And oil price war. Let's see who will survive...Ignored
Some old article/chart, but you get the idea... http://graphics.wsj.com/oil-barrel-breakdown/
Some newer: https://kosatka.media/en/category/ne...i-nefti-v-mire
And yes, wiki... https://en.wikipedia.org/wiki/Price_..._of_production
And we know about the reserves.... Also we know what countries go crazy at "growth stalling" and which ones say "we can do with even less, no problem"
The question I would ask right now is... how long will this potential BLUFF takes place... I believe we might see it rather soon..
Can you afford to take that chance?
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