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re: Oil hit $21 and has momentarily stabilized at 21-22. FoxBiz: Could go to $0
Posted on 3/19/20 at 8:54 am to GREENHEAD22
Posted on 3/19/20 at 8:54 am to GREENHEAD22
Maybe, but OPEC isn’t much of a cartel if Saudi Arabia is the only member left standing when the dust clears.
Posted on 3/19/20 at 9:40 am to lostinbr
I wouldn't be surprised to see the majors pick a lot of these companies up and sit on the asset's. EOR and the longterm is what they are looking at. I think it will end up with the majors owning most of the shale acreage and one or two large independent consortiums.
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