Ann: Buffalo Farmout and Redevelopment, page-220

It makes sense to me. I think what Retired is saying is that if the demand for oil starts to decrease, maybe due to EV's or green energy in general, then the ME oil producers will see the writing on the wall and to ensure they are not left with worthless oil reserves, they will lower the price of their oil to below other producers and sell it still at a profit. This would leave the world's other higher cost producers out in the cold because they would have to sell their oil at a loss just to get rid of it. It's very difficult over the long term for a $30 per barrel cost producer to compete when their ME competition is selling oil at $17 and still making a profit. In Retired's scenario someone will be left with a lot of expensive oil in the ground and no-one to buy it. That's how I read it anyway.