RE:RE:RE:RE:RE:What happened?Citizen13 wrote: At least a year ago I heard whisperings of the private shale companies not giving a bleep about production excesses . I thought hmmm, that could be a problem. Didnt hear this variable from any of the big oil analysts though . Fast forward to today and they are causing another PITA for OPEC . There are claims this is only a 2023 thing due to a massive backlog of DUC's and private guys wanting to boost their appearance to be bought out . I trust this information as much as I trust Putin or Hamas.
forget about those,.. becaus of this or that..
This is pure naked short attack to crash oil prices and defend dollar, and finally, global oil producers are waking up. Unoftunately Canada has no ability to do anything, It has only one customer.
I read today that Russia will also extending production cuts. they all know what is going on.