InvestorsHub Logo
Followers 33
Posts 3072
Boards Moderated 0
Alias Born 02/28/2017

Re: None

Wednesday, 05/03/2017 12:39:07 PM

Wednesday, May 03, 2017 12:39:07 PM

Post# of 122544
Article: Saudi dropping, Shale Hoppin per below. ***Posted the most prevalent sentence in this article below link***

https://finance.yahoo.com/news/opec-failed-220000275.html?_fsig=b_KDll24qYoH6l07BqoMPw--


Ironically, U.S. shale production has increased by almost exactly the amount that Saudi production has declined by, suggesting that Saudi Arabia is losing market share not only to Iraq and Iran, but also to US oil producers.

Article more on world demand, but clearly OPEC has been playing with US for DECADES upon DECADES in terms of price control. Tides may turn a bit now with TEXAS and MMEX is at the cusp of tapping into Mexican and South American demand which clearly would be MUCH MUCH more efficiently transported from Texas vs. Middle East. MMEX$$$ Go Baby Go!!!!
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MMEX News