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SE IL | You may be correct, but I have read Opec nations do not want high oil prices again as it will only speed up the move away from oil. Just an educated guess those countries dont have much else to fall back on income wise. I also noted the other day that the large expansion is shale and fracking in the US was a result of the last run up in oil. While it is true the current admin may try to limit oil expansion in the near term we have elections every 2 years. Time will tell.... | |
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The oil cartels
