Something smells fishy...
Are you surprised that oil prices, which have reduced drilling for the past year, are finally showing up as reduced production?
The tight formations like shale fields drop in production fast. If they don't drill enough new wells, the total production drops.
We should put tariffs on Saudi and Kuwati oil. We do fight all their wars for them so it is justified.
This would allow American workers to keep their jobs and weaken the muzzie stronghold.
> Something smells fishy...
A lotta investors have been griping and complaining about not making enough profits lately. Guess not being able to buy mansions and Bugattis is making them whiny so the industry cut production to elevate the price of oil again.
Now OPEC will sweep in and buy these oil producers cheap after they manipulated the market
If the supply is declining and the price is STILL falling, then somebody is either manipulating the market at a scale not previously encountered, or the economy is MUCH worse than is being disclosed. A collapsing economy does not use very much petroleum for its industrial base, and while there is something of a mini-boom going on with temporarily beneficial prices, there are still businesses going bankrupt and no new ones forming. No net hiring is going on, and the “new” hires do not even equal the number of “discouraged” workers that have abandoned all pretense of seeking a job, and either taking early retirement, or apply for welfare benefits.