Great post.
What these guys on here don't seem to understand is that there is a permanent ceiling on the oil price ATM due to the shale boys.
These guys will be struggling still and with the looming prospect of higher interest rates they will be producing as much as they can while they are still afloat.
Also OPEC is not as influential as they used to be. Their share over the market is waning.
88e Long Term Investors Group - Questions for Dave, page-20
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