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To: Alberta's Child

So you are OK with the Saudis targeting shale short term using oversupply to bankrupt them so as to regain their hold over long term much higher prices? You got a serious case of the economic/business dumbs. The Saudis/Russians/OPEC were being predatory trying to eliminate competition. How is telling them quit your sh!t or we are “taking our ball and going home” in any way unethical or morally bankrupt? Downright ignorant. The same way a cartel can raise prices, they can lower them below everyone’s production cost and eliminate fair market competitors.


9 posted on 04/30/2020 5:16:35 AM PDT by LesbianThespianGymnasticMidget (Our parents/grandparents were called to war. We have been called to sit on the couch. We got this!!)
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To: LesbianThespianGymnasticMidget
Here’s a better idea: Impose a tariff of $20/barrel for all oil imports from any country other than Canada and Mexico. And make it a $50/barrel tariff on imports from any OPEC country.

The U.S. became the world’s largest petroleum producer a couple of years ago. Don’t you find it bizarre that the country producing more oil than anyone else is telling other countries they’re producing too much oil?

14 posted on 04/30/2020 5:42:19 AM PDT by Alberta's Child ("And somewhere in the darkness ... the gambler, he broke even.")
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