This chart seems to suggest that the amount of ME oil available at $15 and $80 is identical. That is highy suspicious. I don't buy it.
"This chart seems to suggest that the amount of ME oil available at $15 and $80 is identical. That is highy suspicious. I don't buy it."
All their (conventional) oil can be extracted at $15 or less is the point.
As we can see by recent prices ... they are happy to sell it at any price higher as well.