Oil price took off.
USA Shale ramped up.
Saudi's opened the taps tocausing the oil price to retreat.
- maintain market share
- cripple the higher cost shale producers
Was this behind the 2008 retracement?
I think it was 2008, but don't have the time to check.
Oil price took off.USA Shale ramped up. Saudi's opened the taps...
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