Comment by
Anschutz on Oct 18, 2024 8:51am
Hahaha... there it is. The line the pundits have been using for a decade to justify higher oil prices. The Arab world's biggest economy needs oil prices at almost $100 barrel to balance its budget, the International Monetary Fund (IMF) estimates. Expect North American producers to get another poke in the eye ouchie for their inability to constrain themselves.
Comment by
baranja on Oct 18, 2024 9:38am
US shale oil is unusable for the US. there is nothing to be contaned. . North american production is going downhill for couple of years now. you just stated pure rubish. The oil price is low becaus of criminal manipulations at CME and NYSE by future trading houses working as .gov agents to rig the oil prices down. And that is the whole and ony truth about oil prices.