re: US oil production has increased 300,000 barrels per day in Nov alone

quote:

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In the end there will be a handful of companies owning it all, which is what they intended all along.

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And all of them have a rich history in controlling production to prop up pricing, these companies in one of their many forms have been battling the independents for 140 years over this and nothing has changed.

We go around this circle on some scale once a decade with the big disruptors taking longer to sort themselves out, and shale is the biggest disruptor in a generation.