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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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>> No.30107907 [View]
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30107907

>>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

>> No.29686589 [View]
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29686589

>>29686496
Is this bait?

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