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<blockquote data-quote="bbsam" data-source="post: 1494683" data-attributes="member: 22662"><p>I believe the article you referenced gave numbers of wells shut down. The number is small. </p><p></p><p>US companies want to make a profit. That mark becomes limited between $50 and $60 a barrel. Is $90 better for them? Sure, if the global economy can support it. But there's a sweet spot that the US and Saudi Arabia have found where oil is still profitable and other global players are hobbled.</p></blockquote><p></p>
[QUOTE="bbsam, post: 1494683, member: 22662"] I believe the article you referenced gave numbers of wells shut down. The number is small. US companies want to make a profit. That mark becomes limited between $50 and $60 a barrel. Is $90 better for them? Sure, if the global economy can support it. But there's a sweet spot that the US and Saudi Arabia have found where oil is still profitable and other global players are hobbled. [/QUOTE]
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