RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Here's a beautyYou tell all the Canadian oil related companies that they are not able to grow thier buisness outlooks in the oil patch beyond where they are now without spending large amounts on M&A... and see if investors stick around. Your asking to create a supply management system like we have with agricultural products like milk, which is fraught with issues inside itself with both the commodity, its products, suppliers and market access.
OPEC has enough issues trying to keep its countries inline into trying to maneuver the stock price into the range it would like to see.
I agree the idea of 'Drill baby, Drill!' Is not helpful going forward, but if a company can econmically ship its production through rails (the more expensive transport option) why should they be restricted in what volume they can sell if the demand is there that can be economically filled.
There is also the issue that if the non-OPEC countries acted like OPEC, the prices would skyrocket on the commodity, which would then run back to the wallet of your citizens filling thier gas tanks creating internal dissent. Biden already did what he could do for the short term to limit the oil price for his people, the person who makes the decision at the top that says ' we wanna get 150 per barrel for our product' is unlikely to be elected by the people using gas driving to the polls.