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Old Crank

(5,916 posts)
3. Tepid response to past sales.
Fri Mar 21, 2025, 03:23 AM
Mar 2025

Right now oil is relatively cheap. Companies aren't investing more in capital this year over last year. Why. They understand supply and demand. They pump more, prices, and profits drop. A lot of US wells need $60 per barrel or they lose money.

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