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Started By
Message
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Posted on 4/9/24 at 10:54 am to Goonie02
quote:
you actually think, $70 per barrel is low?
OPEC thinks it's low...and if you read the post again I said it was to get the price up from the low 70s, not that 70 was low.
That being said, when adjusting for inflation, it is a historically low price/bbl.
This post was edited on 4/9/24 at 11:03 am
Posted on 4/9/24 at 12:26 pm to Goonie02
quote:
you actually think, $70 per barrel is low?
Curious what you think the price of oil should be.
I personally wouldn’t call 70 “low”, but if you did get to a low mark like 45, you’d see American E&Ps not currently on this blowing and going rate. You would see production in the U.S. start to decrease.
This post was edited on 4/9/24 at 12:28 pm
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