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oilfieldmafia

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oilfieldmafia

Re: MovedOn post# 6504

Thursday, 02/04/2016 10:34:19 AM

Thursday, February 04, 2016 10:34:19 AM

Post# of 13692
The reason they ramped up is because of the huge amount that the US ramped up, and the market share the US was taking from them. The plans to get rid of the competition was all layed out in the late 2014 OPEC conference.

Problem is US companies have been able to stay afloat way longer than saudi/OPEC predicted.
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