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Crude
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dafeeder
Posted 5/11/2025 08:33 (#11220726 - in reply to #11220704)
Subject: RE: Crude


Pofarmer - 5/11/2025 08:17

What I'm pretty certain is, these numbers are below cost of production for most of U.S. oil fields.

This will decimate the U.S. oil industry. Again.

You'll see higher oil and gas prices, but it will be after OPEC and OPEC+ take out a significant amount of U.S. production.

Not sure where COP is as drilling never stopped in some areas in Oklahoma.
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