/biz/ - Business & Finance

Anonymous Wed, Mar 3, 2021 03:58:10 No.30107907 [View]
File: 3 KB, 126x126, wtf-cp.jpg [View same] [iqdb] [saucenao] [google]

>>30107748
No. They make oil extremely cheaply, while USA and Canada doesn't. Those tar sand and shale companies are only properly profitable above $50.
If they can hammer the price back down to $40, they will again drive those out of business, while still selling a shitton of oil.
Also keep in mind that they are not exactly friends with russia currently (see last years OPEC+ meeting), and Russia wants to up production.
Texas is also getting back online.

Oh, and if you didn't get the memo, the recovery is not happening. The brazilians fucked us once again.
>/pol/s face when they realize the lockdown wasn't to fuck with trump

>>	Anonymous Thu, Feb 25, 2021 14:24:26 No.29686589 [View] File: 3 KB, 126x126, wtf-cp.jpg [View same] [iqdb] [saucenao] [google] >>29686496 Is this bait?

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/biz/ - Business & Finance

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