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Hennepin, IL | SoDak kinda beat me to that thought below, and he explains it a bit more. They made a short sighted decision to artificially inflate prices by cutting production a few years back and they raked in the money for awhile. Until the US figured out it was feasible to expand and throw resources at the fracking industry. By doing what they did, OPEC destroyed some of their demand by encouraging their competition to ramp up production.
Edited by AVP_Matt 10/4/2017 09:41
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