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Oil and Gas Discussion BB
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Re: Week end Project follow upThey may increase their production equivalent to the US decline, but who will take care of the growth, actually estimated by some at 1.8 Million barrel a day year over year. The Saudis do not want an oil shock with high prices which would kill the growth and increase shale drilling. I expect them to cut some production to keep the prices in the $80 range, which would help demand and slow down the shale players. JMO Acadien |
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