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Re: janice shell post# 511147

Saturday, 02/08/2025 5:44:48 AM

Saturday, February 08, 2025 5:44:48 AM

Post# of 582291
It's part of the cut, Janice.

Oil drillers have said that they have little interest in expanding their rigs or entering new territories. The price of crude is at the sweet spot where everyone is making money. Ramping up supply will cause prices to fall and profits will vanish, just as they did years ago during the shale oil boom. Lots of producers went bankrupt.

As usual, Trumpty does not know how things work because he's ignorant.

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