Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

GreatGazoo

(4,314 posts)

1. No production increase because oil is too cheap

Reply to BumRushDaShow (Original post)

Mon Nov 3, 2025, 10:48 AM

Nov 3

$60 is the limit and we are riding that. Not profitable under $60.

If history is any guide then some major oil producing country that is out of favor with the USA will be the target of a new war. Most likely Venezuela and Iran. This will drive up oil prices, by design.

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

IbogaProject

2 replies

= new reply since forum marked as read

Highlight:

Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for 2026 [View all] BumRushDaShow Nov 3 OP

No production increase because oil is too cheap GreatGazoo Nov 3 #1

So, this will drive up electricity Miguelito Loveless Nov 3 #2